The global dimethyl carbonate market size accounted for USD 611.21 million in 2024 and is expected to exceed around USD 1,084.30 million by 2034, growing at a CAGR of 5.9% from 2024 to 2034.
Dimethyl carbonate (DMC) is one of the most popular chemical compounds and is widely in the production of a wide variety of products such as polycarbonates, pharmaceuticals, and pesticides. Dimethyl carbonate is low in toxicity, has low levels of volatile organic compounds (VOC), and is biodegradable which makes it a valuable alternative and safer for the environment compared to traditional solvents such as methyl ethyl ketone (MEK) and acetone. DMC is the most widely used across various sectors, including pharmaceuticals, automotive, paints & coatings, energy storage, electronics, and others. The rising emphasis on sustainable and eco-friendly chemicals over nongreen chemicals is expected to boost the growth of the market.
In addition, the rising utilization in the paints and coatings industry is anticipated to accelerate the growth of the market in the coming years, driven by the rapid expansion of the construction industry. Dimethyl carbonate (DMC) is the most extensively used solvent in the paints and coatings industry due to its desirable chemical characteristics.
The surge in environmental restrictions and increasing focus on sustainability have significantly increased demand for DMC as a greener chemical alternative, offering lucrative growth opportunities to the market. DMC is also most extensively used in the manufacture of lithium-ion batteries, commonly found in electric cars and renewable energy storage systems.
Ube Industries Ltd., Kowa Company Ltd, Kishida Chemical Co. Ltd., Shandong Shida Shenghua Chemical Group Co. Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Haike Chemical Group, Zhejiang Petrochemical Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Tangshan Chaoyang Chemical Co. Ltd., Qingdao Aspirit Chemical Co. Ltd., Kindun Chemical Co., Limited, Henan GP Chemicals Co. Ltd., Aceto Corporation, Connect Chemicals, Silver Fern Chemicals, Balaji Amines, Others
Published by Saurabh Bidwai
