Dimethyl Carbonate Market Is Expected To Reach USD 2.3 Billion By 2033

Introduction

The global Dimethyl Carbonate Market is expected to reach USD 2.3 billion by 2033, up from USD 1.2 billion in 2023, growing at a compound annual growth rate (CAGR) of 7.2%. This growth is driven by rising demand across several key industries, particularly in the production of polycarbonate plastics, lithium-ion battery electrolytes, and as a green solvent in industrial applications. DMC’s versatility and eco-friendly nature make it a preferred choice as industries shift towards sustainable chemical processes.

The market is seeing increased demand from sectors such as automotive, electronics, and renewable energy. The automotive industry, in particular, is adopting DMC for the production of lightweight and durable polycarbonate components, which are critical for improving fuel efficiency. Additionally, the growing popularity of electric vehicles (EVs) has boosted the need for DMC in battery production, as it is an essential electrolyte component in lithium-ion batteries.

Opportunities for expansion are notable in the Asia-Pacific region, which leads the global market due to robust industrial growth and a shift towards green chemicals. China and India, in particular, are seeing rising investments in both automotive manufacturing and renewable energy, contributing to the growing demand for DMC.

Key Takeaways

• Market Growth Projection: DMC market aims to reach USD 2.3 billion by 2033, growing at a CAGR of 7.2% from 2023’s USD 1.2 billion.
• Carbomer Types’ Dominance: In 2023, Carbomer types, including 940, 980, and 934, secured over 45% market share, notably in cosmetics and medicines.
• Regional Analysis Highlights: Asia Pacific dominates with over 42% market revenue, driven by India, while the Middle East & Africa secures the second-largest revenue share.

Dimethyl Carbonate Statistics

• In comparison to all other tested biodiesel blends, B10 + DMC has the lowest BSFC of 0.39678 kg/kWh.
• 10% DMC has been added to biodiesel blends to boost BTE and EGT.
• To prepare these samples, biodiesel blends were mixed with 10% by volume of DMC, and the mixture was stirred for 30 min at 2000 rpm to achieve homogeneity.
• In comparison to biodiesel blends without antioxidant, an average reduction of 12.76%, 19.35%, and 33.33% in HC emissions was reported for B10 + DMC, B20 + DMC, and B30 + DMC.
• Dimethyl carbonate (DMC) is an oxygenated alcohol fuel that contains 53.3% oxygen. Because oxygen interacts with C-C bonds to produce CO, combustion enhancement has been seen. In pure biodiesel, DMC is over 15% more miscible than methanol and ethanol.
• Better BTE was shown with 10% DMC in comparison to pure diesel. A 20% DMC blend was found to result in an 80% reduction in soot emission.
• The primary goal is to investigate the effects of 10% DMC on engine performance, emissions, and combustion characteristics for three blends: B10, B20, and B30.
• Because DMC has 53% oxygen in its chemical structure, it helped to enhance combustion, which improved the performance and emission characteristics of diesel engines.
• When compared to each sample without the addition of antioxidant, the average increase in brake power for B10 + DMC, B20 + DMC, and B30 + DMC was 1.70%, 1.22%, and 0.95%, respectively.
• When comparing each of the blends without antioxidant to B10 + DMC, B20 + DMC, and B30 + DMC, respectively, an average drop in BSFC of 1.31%, 2.93%, and 1.08% was noted.
• The greatest BTE values at 1900 rpm were found for B10, B20, B30, B10 + DMC, B20 + DMC, and B30 + DMC, respectively: 21.54%, 21.32%, 21.09%, 22.51%, 22.39%, and 21.99%.
• In comparison to biodiesel blends without the DMC addition, an average increase in BTE of 4.30%, 4.77%, and 4.09% was noted for the B10 + DMC, B20 + DMC, and B30 + DMC blends.
• When comparing biodiesel blends with and without the DMC addition, the average reduction in EGT for B10 + DMC, B20 + DMC, and B30 + DMC has been found to be 2.63%, 2.80%, and 4.54%, respectively.
• In comparison to biodiesel blends without DMC, a noteworthy decrease in CO emission of 19.04%, 25%, and 26.47% was noted for B10 + DMC, B20 + DMC, and B30 + DMC, respectively.
• Both options’ mass and energy balances are simulated in Aspen Plus, and they are intended to produce 20,000 tonnes of DMC annually.
• PC is a product that is utilized in many different industrial sectors, including the medical, electronics, construction, and automotive industries. While it is known that the globe produces over 315,000 tonnes of DMC annually, over 1.5 million tonnes of PC are produced in Europe annually.
• A output of 20,063 t/year of DMC with a mass-purity of 99.8% is attained in the simulated process. The only contaminant in the product stream (less than 0.03 weight percent) is CO2.

Emerging Trends

• Growing Demand in Battery Production: One of the most significant trends is the increased use of DMC in lithium-ion batteries, which are essential for electric vehicles (EVs) and portable electronics. As the EV market expands and the need for renewable energy storage grows, DMC’s role as a key electrolyte in these batteries is expected to drive market demand. This trend is particularly strong in regions like Asia Pacific, where electric vehicle production is surging.
• Shift Toward Green Chemistry: Environmental concerns and stricter regulations on volatile organic compounds (VOCs) are pushing industries to adopt greener alternatives. DMC, known for its low toxicity and eco-friendly properties, is gaining attention as a sustainable solvent in paints, coatings, and chemical processes. This shift aligns with global efforts to reduce carbon emissions and promote cleaner production practices.
• Rising Use in Polycarbonate Synthesis: DMC is increasingly being used in the production of polycarbonates, which are essential materials in the automotive, electronics, and construction industries. As demand for lightweight, high-strength materials grows, particularly in the automotive sector for fuel efficiency, DMC’s role in polycarbonate synthesis is becoming more prominent.
• Expansion in the Asia-Pacific Region: The Asia-Pacific market is emerging as a key growth area for DMC, driven by rapid industrialization and increasing investments in green technologies. Countries like China and India are leading in the production and consumption of DMC, spurred by demand from the electronics, automotive, and chemical sectors.
• Innovations in DMC Production: Technological advancements are enabling more sustainable and efficient methods of DMC production. This includes the development of bio-based DMC and the use of carbon dioxide as a feedstock, aligning with global sustainability goals and reducing reliance on traditional raw materials.

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Use Cases

• Polycarbonate Production: DMC plays a crucial role in the synthesis of polycarbonates, a high-performance plastic used in automotive components, electronics, and construction. The demand for lightweight, durable materials in these industries is driving the growth of polycarbonate production, with this segment accounting for a major share of the DMC market.
• Battery Electrolyte for Electric Vehicles (EVs): DMC is widely used as an electrolyte in lithium-ion batteries, which are critical for the growing EV market. The shift towards renewable energy and electric transportation is boosting the demand for efficient, reliable batteries, positioning DMC as a key component in this sector. The rise in electric vehicle production is expected to significantly contribute to the global DMC market, with EV battery demand projected to grow at a CAGR of over 7.2% from 2023 to 2033.
• Solvents in Industrial Applications: DMC is gaining popularity as a green solvent in the paints and coatings industry due to its low toxicity and minimal environmental impact. With stricter regulations on VOC emissions, many industries are turning to DMC as a sustainable alternative to traditional solvents. The global demand for DMC in solvent applications is rising, especially in sectors such as chemicals and coatings.
• Fuel Additives: DMC is used as a fuel additive to reduce emissions and improve fuel efficiency. Its ability to blend well with fuels and its eco-friendly nature make it an ideal choice for addressing global environmental concerns. The fuel additives segment is projected to see strong growth as governments implement stricter emission standards worldwide.
• Pharmaceuticals and Chemical Synthesis: DMC is also employed in the pharmaceutical industry as a reagent in drug synthesis. Its ability to improve the efficiency and selectivity of chemical reactions is driving its use in advanced pharmaceutical production processes. This sector is expected to grow alongside the expanding pharmaceutical market, particularly in drug development and biopharmaceuticals.

Key Players Analysis

Anhui Newman Fine Chemicals Co. Ltd. is a high-tech chemical company, established in 2011, specializing in the production of acrylic acid polymers and carbomers. In the dimethyl carbonate (DMC) sector, the company focuses on the development and manufacturing of high-quality chemical products, including those used in battery production, coatings, and various industrial applications. Their products are known for their consistency and environmental compatibility, making them a key player in the chemical industry, with a significant export presence across Europe, North America, and Asia.

Evonik Industries AG plays a significant role in the dimethyl carbonate (DMC) sector, primarily focusing on sustainability and innovation in chemical production. As part of its broader specialty chemicals portfolio, Evonik is advancing the use of DMC in eco-friendly applications, particularly in lithium-ion batteries and green solvents. The company emphasizes environmental responsibility by promoting DMC as a safer alternative in industrial processes. This aligns with Evonik’s commitment to green chemistry and its strategic goal of reducing its environmental footprint.

The Lubrizol Corporation, a leading player in specialty chemicals, plays a significant role in the dimethyl carbonate (DMC) sector through its focus on sustainable solutions. While Lubrizol is not primarily a producer of DMC, its involvement in advanced materials and chemical innovations aligns with the growing use of DMC, particularly in industries like electric vehicles and polycarbonates. Lubrizol’s emphasis on green chemistry and sustainable materials positions it to support the broader market shift towards eco-friendly solvents and battery components.

Maruti Chemicals, established in 1995, is a leading manufacturer, supplier, and exporter of chemical excipients. In the dimethyl carbonate (DMC) sector, the company focuses on producing various high-quality chemicals and reagents that find application in pharmaceuticals, cosmetics, and industrial processes. Maruti Chemicals provides essential components like carbomers and sodium stearyl fumarate, which are utilized in formulations requiring thickening, stabilizing, or lubricating properties. Their products are particularly significant in sectors such as pharmaceuticals and personal care, contributing to the development of safer and more efficient industrial chemicals.

Ashland is actively involved in the dimethyl carbonate (DMC) sector, particularly leveraging DMC’s environmentally friendly properties. The company utilizes DMC as a green solvent and reagent in various formulations, including coatings, adhesives, and pharmaceuticals. By focusing on sustainable solutions, Ashland supports the growing demand for eco-friendly chemicals that reduce volatile organic compounds (VOCs). This aligns with broader industry trends where DMC is favored for its low toxicity and effectiveness in replacing more harmful solvents in manufacturing processes.

Sumitomo Seika Chemicals Co., Ltd. plays an active role in the dimethyl carbonate (DMC) sector by focusing on producing high-quality materials for applications like lithium-ion batteries and electronics. The company leverages its core expertise in fine chemical synthesis and polymerization to support the growing demand for DMC in energy storage, particularly in electric vehicles (EVs). Additionally, Sumitomo Seika’s commitment to green technologies aligns with the increasing demand for sustainable and environmentally friendly chemicals, positioning the company as a key player in this market.

Amnem is an emerging player in the dimethyl carbonate (DMC) sector, contributing to the sustainable production and innovative applications of DMC in key industries. The company is involved in enhancing the use of DMC as an eco-friendly solvent and a critical component in lithium-ion battery production, particularly for electric vehicles (EVs). Amnem’s focus on reducing environmental impact through green chemistry aligns with the growing global demand for sustainable industrial processes. This has positioned the company as a valuable participant in the rapidly expanding DMC market.

Sinoway Industrial Co., Ltd. has positioned itself as a significant player in the Dimethyl Carbonate (DMC) market through its extensive experience in chemical manufacturing and custom development. Established in 1987, Sinoway specializes in the production and export of various chemical products, including DMC, which is increasingly used in industries such as pharmaceuticals, electronics, and coatings. The company’s focus on high-quality production, coupled with advanced R&D capabilities, allows it to cater to global demand, particularly in Asia and Europe, where sustainable chemical processes are in high demand.

Yucheng Jinhe Industrial Co., Ltd. is a key player in the chemical sector, particularly known for its work in producing and supplying various inorganic chemicals, including dimethyl carbonate (DMC). The company focuses on manufacturing high-quality chemical products, serving industries such as paints, coatings, and lithium-ion battery electrolytes. As global demand for eco-friendly solvents and battery components rises, Yucheng Jinhe is well-positioned to support growth in the DMC market, especially with its strong presence in international markets like Asia, Europe, and North America.

Qingdao Yinuoxin New Material Co., Ltd. is a leading chemical company based in Qingdao, China, specializing in the production and sale of various chemical products, including Dimethyl Carbonate (DMC) and other raw materials like polyethylene glycol and carbomers. The company plays a significant role in supplying high-quality chemical products used across industries such as pharmaceuticals, coatings, and plastics. With strong expertise in chemical production, the company is focused on innovation and serving both domestic and international markets.

Conclusion

In conclusion, the dimethyl carbonate (DMC) market is positioned for significant growth, driven by its wide application across multiple industries such as automotive, electronics, and pharmaceuticals. With an expected compound annual growth rate (CAGR) of 7.2% through 2033, DMC is increasingly being adopted for eco-friendly manufacturing processes, particularly in the production of polycarbonates and lithium-ion batteries for electric vehicles. The market’s expansion is further supported by rising environmental concerns and regulatory shifts towards sustainable alternatives, making DMC a critical component in the future of green chemistry.

Sources:

• https://www.sciencedirect.com/science/article/pii/S1110016821006852
• https://www.wp-cape.eu/wp-content/uploads/2022/08/Direct-Dimethyl-Carbonate-Production-from-Carbon-Dioxide-and-Methanol.pdf