Dimethyl Carbonate Market Size & Share, by Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents); End-user (Plastics, Paints & Coatings, Pharmaceuticals); Grade (Industrial, Pharmaceutical, Battery) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4890
  • Published Date: Aug 04, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Dimethyl Carbonate Market size is anticipated to surpass USD 7 billion by the end of 2035, growing at a CAGR of 10% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of dimethyl carbonate was around USD 2 billion. This growth is attributed to the increasing demand for dimethyl carbonate as a derivative from various end-user industries. The demand for lithium-ion batteries which uses dimethyl carbonate as electrolytes are also attributed to the market growth.

The industry growth is further driven by soaring investments and efforts to produce environment-friendly dimethyl carbonate. For instance, Ube Industries announces that it is expanding production of basic chemical dimethyl carbonate to its derivative with the commissioning of a new US facility in July 2019. Additionally, the growing number of awareness campaigns on the use of dimethyl carbonated as oxygenated fuel is set to present the potential for market growth during the forecast timeline.

Dimethyl Carbonate
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Dimethyl Carbonate Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Demand for Electronics manufacturing services – Dimethyl carbonate is the most important component of this electrolyte solution in lithium-ion batteries. LIBs are used in electric cars and smartphones. On account of the increasing use of lithium-ion batteries, the market is expected to expand more in the upcoming years. The global lithium-ion battery market is estimated to be USD 40 Billion in the year 2021.
  • Increasing Collaborations, and Partnerships by Key Players in the Industry – To gain a competitive edge in the industry, dimethyl carbonate market participants constantly invest in expanding their geographical coverage through joint ventures, partnerships, and mergers and acquisitions.
  • Increased Use of Dimethyl Carbonate as an Oxygenated Fuel Additive – Dimethyl carbonate has been used as a replacement fuel or oxygenated additive for diesel and gasoline. This is due to their properties such as nontoxic production, being environmentally friendly, free from corrosive substances.


  • Use of toxic material for DMC synthesis- The conventional method of DMC production involves the use of dangerous gases like phosgene and carbon monoxide, which in turn generate harmful metabolites. Phosgene's an extremely hazardous chemical that may cause serious health problems. Even disposal of their processing waste products can be extremely harmful to the environment.
  • Reduced efficiency of DMC due to moisture absorption
  • Fluctuations in oil and gas prices

Dimethyl Carbonate: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 2 Billion

Forecast Year Market Size (2035)

~ USD 7 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Dimethyl Carbonate Segmentation

Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents)

The polycarbonate synthesis segment in the dimethyl carbonate market is estimated to gain the largest market share in the year 2035. The segmental growth is credited to the increasing use of polycarbonates by multiple end-user industries such as electronics, and medicine. Dimethyl carbonate is used in the process of synthesizing polycarbonates and is expected to contribute to the segment growth. Polycarbonates offer various properties which make them suitable for use in many applications owing to their characteristics of thermal resistance, impact resistance, stability, and light transparency. Polycarbonate demand is driven by growth in automobile and electrical sectors around the world. For instance, global polycarbonate demand from the automobile sector was estimated to be USD 1 Million in the year 2022.

Grade (Industry, Pharmaceutical, Battery)

The industry grade segment is slated to garner a significant share of the dimethyl carbonate market in the year 2035. The use of industry-grade DMC is widespread in various applications like paint & coating, reagents, or pesticides. The increased demand for dimethyl carbonate from the automotive industry is being driven by vehicles and modern performance equipment. The need for dimethyl carbonate has been driven by an increase in the consumption of consumer goods and electronic products. This is on account of the rising disposable incomes, as well as improving living standards.

Our in-depth analysis of the global dimethyl carbonate market includes the following segments:


  • Polycarbonate Synthesis
  • Battery Electrolyte
  • Solvents
  • Reagents



           End User

  • Plastics
  • Paints & Coatings
  • Pharmaceuticals


  • Industry
  • Pharmaceutical
  • Battery

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Dimethyl Carbonate Industry - Regional Synopsis

APAC Market Forecast

Dimethyl carbonate market in the Asia Pacific is projected to be the largest with a share of about 35% by 2035. The market growth is led by the increasing use of dimethyl carbonate in paints, cleansing agents, automotive, medical, and others in the region. The market for dimethyl carbonate in this region is largely dominated by India, China, South Korea, and Japan. In China, Thailand, Japan, and Taiwan dimethyl carbonate is a primary material for polycarbonate production. In India, it is mainly applied to the pharmaceutical, paints & Coatings as well as Agrochemical industries making various products such as drugs, paints, or pesticides. For instance, China’s polycarbonate production capacity is estimated to be 582,000 tons owing to 12% of the global capacity.

North American Market Forecast

The North American dimethyl carbonate market is set to register a share of about 24% by 2035. The market growth is propelled by the increasing adoption of environment-friendly intermediates for chemical synthesis. A surge in the demand for dimethyl carbonate from paints and the construction industry is also estimated to contribute to the growth of the market. The market shall continue to grow during the forecast period with companies such as Tesla, researching hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs).

Research Nester
Dimethyl Carbonate Market
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Companies Dominating the Dimethyl Carbonate Market

    • Alfa Aesar
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Connect Chemicals
    • Dongying Hi-tech Spring Chemical Industry Co., Ltd.,
    • Guangzhou Tinci Materials Technology Co., Ltd.,
    • Haike Chemical Group
    • Hebei New Chaoyang Chemical Stock Co., Ltd.,
    • Kishida Chemical Co. Ltd.,
    • Kowa Company Ltd.,
    • Lotte Chemical
    • Merck KGaA,

In the News

  • Lotte Chemical issued a plan to expand the company and intends to lay down a new production facility that will produce large-quality Organic solvents such as dimethyl carbonate for lithium-ion battery electrolytes.
  • Merck announced an investment of 22.9 million US dollars to enhance research & The ability to develop and manufacture from its site in Shizuoka Japan. New infrastructure to advance and speed up innovations in the electronics materials sector will be built under this plan.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 4890
  • Published Date: Aug 04, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for dimethyl carbonate is the major factor driving the market growth.

The market size of dimethyl carbonate is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Alfa Aesar, Connect Chemicals, Dongying Hi-tech Spring Chemical Industry Co., Ltd., Guangzhou Tinci Materials Technology Co., Ltd., Haike Chemical Group, Hebei New Chaoyang Chemical Stock Co., Ltd., Kishida Chemical Co. Ltd., Kowa Company Ltd., Lotte Chemical, Merck KGaA, Shandong Depu Chemical Industry Science and Technology Co., Ltd., and others.

The polycarbonate synthesis is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Dimethyl Carbonate Market Report Scope

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