The dimethyl carbonate market is expected to grow at a CAGR of 6.3% during the forecast period of 2023 to 2030. DMC, or dimethyl carbonate, is a clear liquid organic solvent. DMC makes heat- and light-resistant, clear, durable polycarbonates. It's utilised in agricultural pesticides. Dimethyl carbonate's poor water solubility (0.002%) makes it useful in the pharmaceutical, paint, and detergent industries. Dimethyl carbonate's market is driven by the rising demand for polycarbonate in electrical and electronics, automotive, building and construction, consumer goods, and medical.
DMC is a clear liquid that can replace organic solvents. DMC makes strong, transparent, heat-resistant polycarbonates. It's used to make pesticides in agriculture. Dimethyl carbonate's poor water solubility (0.002%) increases its use in pharmaceuticals, paints, and detergents. As a solvent, dimethyl carbonate is displacing ethyl, benzene, acetone, and xylene, which benefits its market. Synthesis of dimethyl carbonate from carbon dioxide should also boost the business.
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Polycarbonate is used in electrical, automotive, consumer products, building & construction, and other industries. Dimethyl carbonate's clarity, strength, heat resistance, and chemical resistance are expected to boost demand in the electronics and automotive industries. Automotive industry growth in India, China, and Japan has further fuelled the dimethyl carbonate market. The increased demand for inexpensive consumer items also boosts the dimethyl carbonate business. Laptops, smartphones, smart speakers, smart home devices, power banks, and other electronics are included. Polycarbonate is used in the building and auto industries. These sectors' growth has increased demand for plastic polymers. Germany, Japan, Thailand, and South Africa are producing more plastic polymer due to increasing technologies, government support, and demand from the packaging, electronics, and medical industries.
Carbon is used to make fuels and polymers. Carbon dioxide (CO2) is converted into useful chemicals like dimethyl carbonate because carbon is non-toxic (DMC). Traditional treatments, including phosgenation, have problems. These downsides include using poisonous and caustic phosgene gas and producing inorganic salts. As a result, dimethyl carbonate market participants are increasing R&D to increase green chemistry. Manufacturers are directly synthesising dimethyl carbonate from CO2 and methanol to improve green chemistry. We're using these processes. Cost-effective green DMC synthesis is gaining popularity. Methanol is a cheaper raw material.
Dimethyl carbonate isnon-toxic, biodegradable, and high soluble and therefore, making it a versatile chemical molecule. It's replacing xylene, benzene, ethyl, and acetone as a solvent. This is one cause for the growth of the dimethyl carbonate market. Recent advancements in the building sector are also expected to drive the use of dimethyl carbonate in paints and coatings. Polycarbonate doesn't produce acids or phenols. Demand for polycarbonate in the electronics and automobile industries has increased DMC orders. DMC's production is rising because it handles thermoplastics production in an environmentally responsible way. The desire for environmentally friendly paints is also a major motivator. Due to increased demand from these industries, many new market participants have entered the dimethyl carbonate industry.
By 2030, the market for polycarbonate-derived dimethyl carbonate is projected to cross $900 million. Polycarbonate is a transparent thermoplastic that allows for increased design freedom, cost savings, and aesthetic advantages. It's known for lasting strength and colour. Clear and translucent plastic can transmit over 90% of light, much like glass. Polycarbonate sheets can be made in a wide range of colours to satisfy project demands. Polycarbonate blocks UV radiation, protecting against the sun's damaging rays. Flame retardants can improve its heat resistance to 135 degrees Celsius. The flexibility of polycarbonates has raised demand for dimethyl carbonate.
Conventional dimethyl carbonate (DMC) production uses dangerous gases including phosgene and carbon monoxide and generates hazardous waste. Phosgene causes a number of major health concerns. Even phosgene's byproducts have a substantial impact on the environment, thus any process design that uses phosgene will incur additional costs to protect the environment. Many companies use methanol phosgenation to produce dimethyl carbonate. This hinders the dimethyl carbonate market's growth. Increasing R&D will likely improve DMC synthesis. Green synthesis is widely used and will continue to be used during the projected period, reducing this restraint's impact.
Global demand for dimethyl carbonate is rising, but producers are facing problems that could slow the increase. Due to strict licencing rules, it's difficult for dimethyl carbonate manufacturers to obtain permits, which may hinder growth. During the time covered by this estimate, the dimethyl carbonate market expansion will be restricted by using cutting-edge technologies to provide a desirable processing environment. Because methanol, ethylene oxide, and carbon dioxide are all oil derivatives, oil and gas price fluctuations affect dimethyl carbonate production. Dimethyl carbonate is made from oil-based raw materials. Dimethyl carbonate manufacturers must base product costs on raw material prices and availability. These factors impact the DMC market significantly.
Dimethyl carbonate is non-toxic, environmentally friendly, non-corrosive, and safe to handle, thus researchers have suggested utilising it as an alternative fuel or oxygenated additive for diesel or gasoline. DMC has replaced MTBE as an oxygenated gasoline additive. Some nations restrict the use of MTBE in premium limitless gasoline because to health and environmental risks. Dimethyl carbonate as a fuel additive could become lucrative in the future.
Industrial grade held more than 82% of the global dimethyl carbonate market in 2021. Between 2020 and 2030, it's expected to dominate the worldwide dimethyl carbonate market. Dimethyl carbonate is used to make cleaning agents, adhesives, paints, and fuel additives. The expansion of the global automotive sector is expected to boost the battery market over the projected period. Industry grade DMC is finding additional uses in the automotive, electrical, and electronics industries because to growing demand for polycarbonates.
Polycarbonate synthesis was the largest application in 2021. Polycarbonate's heat and impact resistance, structural stability, and optical clarity make it useful in automobiles and electrical devices. As the automotive and electrical sectors expand globally, polycarbonate demand rises.
Dimethyl carbonate dissolves gums and resins in paint, polishes, varnishes, shoe polish, acrylics for paintings, cellulose nitrate film bases, lacquers, and other materials. This solvent has 0.002% water. Some applications may substitute acetone or methyl ethyl ketone (MEK). 0.005% water (100mL pkg) has witnessed the biggest volume and revenue growth in recent years. This section has less moisture than ">95%" and ">99%," which offer more purity at a higher cost. Its usage as a paint and polycarbonate solvent explains this.
North America dominated the worldwide DMC market in 2021. Europe generated 30% of sales. Due to the widespread usage of environmentally acceptable chemicals as intermediates, both Europe and North America are expected to grow during the period under review. Asia-Pacific (APAC) and Latin America are predicted to grow strongly and offer considerable prospects from 2023 to 2030. Rising need for lithium-ion batteries and polycarbonate manufacture have boosted DMC demand in APAC. China, Japan, Korea, Thailand, Taiwan, Singapore, and Malaysia produce polycarbonate, which drives DMC demand. Malaysia and Singapore are nearby. Chinese pharmaceutical, paints & coatings, and agrochemical industries utilise dimethyl carbonate to make polycarbonates. Indian businesses use it to make pharmaceuticals, paints, and pesticides. Taiwan produces polycarbonates. Due to significant demand for polycarbonate in Asia-automotive Pacific's and electronics industries, the region is expected to be a major dimethyl carbonate market. Asia-Pacific is the largest dimethyl carbonate market. Due to rising demand for paints and coatings in the construction industry, the LAMEA dimethyl carbonate market is expected to grow. The global dimethyl carbonate market should increase robustly and consistently over the forecast period.
Dimethyl carbonate market participants invest in geographic expansion through joint ventures, partnerships, and mergers and acquisitions to gain a competitive advantage. In July 2021, Asahi Kasei signed its first technology licence. The technological package uses CO2 to manufacture high-purity dimethyl carbonate. This was done because dimethyl carbonate demand rose globally. Dimethyl carbonate is used in electric vehicle and smartphone lithium-ion batteries (LIBs). The key companies operating in this market include UBE Industries Ltd. from Japan, Merck KGaA from Germany, Alfa Aesar from the United Kingdom, Lotte Chemical from South Korea, Kowa Company Ltd. from Japan, Kishida Chemical Co. Ltd. from Japan, Tokyo Chemical Industry Co. Ltd. from Japan, Shandong Shida Shenghua Chemical Group Co. Ltd. from China, Guangzhou Tinci Materials Technology Co. Ltd. from China, Haike Chemical Group from China, Dongying Hi-tech SpringTangshan Chaoyang Chemical, Asahi Kasei and others.
