Report Scope & Overview:
Dimethyl Carbonate Market Size was valued at USD 921.14 million in 2022, and is expected to reach USD 1.46 billion by 2030, and grow at a CAGR of 6.0% over the forecast period 2023-2030.
Dimethyl carbonate is an all-around chemical that has good solubility and low toxicity, among other good qualities. In terms of how it looks, it is a pale chemical that can catch fire and has no smell. It reacts with other chemicals in a strong way. Before, methanol and phosgene were mixed together to make dimethyl carbonate. However, phosgene is so dangerous that the chemical is now made using other methods, such as transesterification or copper-catalyzed. Dimethyl carbonate is used in a wide range of industries. Because of its good chemical properties, dimethyl carbonate is often used as a solvent in the paint and coatings business.
Market Dynamics:
Drivers:
Polycarbonate is being used in more and more industries.
A lot of polycarbonate being made.
Growing demand for the paints and coating industry
Restraints:
Using a very dangerous raw material to make DMC
Opportunity:
As an oxygenated fuel add-on, dimethyl carbonate
In light of the current pandemic, the DMC market has come up with new strategies and made money-making opportunities.
Challenge:
Changes in oil and gas prices that are big
Impact of Covid-19:
All marketing businesses in 2020 have been affected by the ongoing pandemic, and the dimethyl carbonate market is one of them. During this period of lockdown, the big players lost a lot of money because they couldn't sell their goods to all the countries. But now things are different. Suppliers in the dimethyl carbonate market have come up with new plans to increase customer demand. In the COVID-19 period, they changed some of their products to meet customer needs. This helped them reach their goal by 2024.
During COVID-19, the DMC market helps companies like Kowa Company Ltd., Ube Industries Ltd., and Merck KGaA. In May 2020, Ube Industries, Ltd. gave 300 protective medical gowns to the Ube city health centre, the health and welfare department, the health and sanitation bureau, and the Aichi Prefectural Government. In November 2020, a company called PeptiAID Inc. was set up as a joint venture. Its goal is to research peptide therapies that will help both the SARS-CoV-2 virus and other viruses in the future. Merck KGaA gave USD 82,890 worth of research equipment to the Eijkman Institute for Molecular Biology in Indonesia in September 2020 to help with vaccine development research and to show support.
So, the report says that the COVID-19 has an effect on the market for dimethyl carbonate for a certain amount of time. Still, this pandemic has given them the idea to add new things to their product to make it more popular. The big players have taken on big jobs to promote their market segments and get back to where they were in the global market.
Key Players:
Kowa Company Ltd. (Japan), Guangzhou Tinci Materials Technology Co Ltd. (China), Ube Industries Ltd. (Japan), Haike Chemical Group (China), Kishida Chemical Co. Ltd. (Japan), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Merck KGaA (Germany)
Market Segmentation:
By End-Use industry
Plastics
Paints & Coating
Pharmaceutical
Battery
Agrochemicals
Others (Adhesives & Sealants, Ink, Food & Beverages, and Energy)
By Application
Polycarbonate Synthesis
Battery Electrolyte
Solvents
Reagents
Others (Fuel Additives, Electrolyte for Supercapacitors, Electrolyte for Dye-synthesized Solar Cells)
By Grade
Industry grade (>99.0 weight %)
Pharmaceutical grade (>99.5 weight %)
Battery grade (>99.9 weight %)
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Regional Analysis:
Asia-Pacific is expected to be one of the most important parts of the global dimethyl carbonate market. This is because the automotive and electronics industries in the area need a lot of polycarbonate. One important reason for the growth of the dimethyl carbonate market in the area is the rise in per capita income. Europe and North America are expected to have a lot of growth over the next few years because they use a lot of chemicals that are good for the environment.
LAM Due to a rise in demand for paints and coatings in the construction industry, EA is likely to see steady growth in the demand for dimethyl carbonate. So, the market for dimethyl carbonate as a whole is expected to grow steadily and healthily over the next few years. One of the largest shares of the dimethyl carbonate market came from the Asia-Pacific region. China, India, Japan, and South Korea are some of the biggest countries that are driving up the demand for dimethyl carbonate in this area. In China, Japan, Korea, Thailand, and Taiwan, dimethyl carbonate is mostly used to make polycarbonates. In India, however, it is mostly used by the pharmaceutical, paints and coatings, and agrochemical industries to make medicines, paints, and other products.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 921.14 Million |
|
Market Size by 2030 |
US$ 1.46 Billion |
| CAGR | CAGR of 6.0% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By end-use industries (Plastics, Paints & Coating, Pharmaceutical, Battery, Agrochemicals, Others) • By application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents, Others) • By grade (Industry grade (>99.0 weight %), Pharmaceutical grade (>99.5 weight %), Battery grade (>99.9 weight %)) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Kowa Company Ltd. (Japan), Guangzhou Tinci Materials Technology Co Ltd. (China), Ube Industries Ltd. (Japan), Haike Chemical Group (China), Kishida Chemical Co. Ltd. (Japan), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Merck KGaA (Germany) |
| DRIVERS | • Polycarbonate is being used in more and more industries. • A lot of polycarbonate being made. • Growing demand for the paints and coating industry |
| Restraints | • Using a very dangerous raw material to make DMC |
Ans: Using a very dangerous raw material to make DMC are the restraints for Dimethyl Carbonate Market.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Kowa Company Ltd. (Japan), Guangzhou Tinci Materials Technology Co Ltd. (China), Ube Industries Ltd. (Japan), Haike Chemical Group (China), Kishida Chemical Co. Ltd. (Japan), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Merck KGaA (Germany)
Ans: Polycarbonate is being used in more and more industries, A lot of polycarbonate being made and Growing demand for the paints and coating industry are the drivers for Dimethyl Carbonate Market.
Ans: Dimethyl Carbonate Market Size was valued at USD 869 million in 2021, and expected to reach USD 1306 million by 2028, and grow at a CAGR of 6.0% over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Dimethyl Carbonate Market Segment, By end-use industry
8.1 Plastics
8.2 Paints & Coating
8.3 Pharmaceutical
8.4 Battery
8.5 Agrochemicals
8.6 Others
9.Dimethyl Carbonate Market Segment, By application
9.1 Polycarbonate Synthesis
9.2 Battery Electrolyte
9.3 Solvents
9.4 Reagents
9.5 Others
10.Dimethyl Carbonate Market Segment, By grade
10.1 Industry grade (>99.0 weight %)
10.2 Pharmaceutical grade (>99.5 weight %)
10.3 Battery grade (>99.9 weight %)
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Kowa Company Ltd. (Japan)
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Guangzhou Tinci Materials Technology Co Ltd. (China)
12.3 Ube Industries Ltd. (Japan)
12.4 Haike Chemical Group (China)
12.5 Kishida Chemical Co. Ltd. (Japan)
12.6 Shandong Shida Shenghua Chemical Group Co., Ltd. (China)
12.7 Merck KGaA (Germany)
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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