Dimethyl Carbonate Market An insight on the important factors and trends influencing the market 2023

Global Dimethyl Carbonate Market: Snapshot

The two key drivers of dimethyl carbonate production are two of its largest applications in the industries of polycarbonates and paints and coatings.

Polycarbonates are currently in very high demand from the rapidly growing end-user industries of automotive and electronics. Both industries are currently in full swing and are expected to continue growing in the near future. As a result, the higher demand for polycarbonates becomes a driver for the manufacture of dimethyl carbonate. Similarly, the paints and coatings industry is being boosted by the construction industry, consequently upping the demand for dimethyl carbonate.

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With all these factors of influence in place, the global market for dimethyl carbonate is expected to progress at a CAGR of 6.6% between 2015 and 2023 in terms of revenue. By the end of 2016, this market revenue should be reaching US$440 mn. By the end of 2023, the market is expected to be valued at US$690.1 mn. In terms of volume, dimethyl carbonate global production is expected to weigh in at 599 kilo tons.

Asia Pacific Demand for Dimethyl Carbonate on the Rise

By the end of 2023, the Asia Pacific demand for dimethyl carbonate is expected to be at 49.26% of the market. Europe comes in at second place in terms of demand, followed by North America in third.

China is a massive contributor to the Asia Pacific demand for dimethyl carbonate. Together with Japan, the two regions are expected to take up more than three quarters of the total dimethyl carbonate volume in Asia Pacific by 2023. In fact, China is considered to be a top producer and consumer of dimethyl carbonate in the world currently, as the players in this country also export large quantities of dimethyl carbonate to emerging economies.

Europe recognized dimethyl carbonate as a non-toxic chemical in 1992, after which it steadily started to replace chloromethane, phosgene, and methyl chloroformate in several end-use industries. A majority of the demand for dimethyl carbonate in Europe is expected to continue originating from Germany and France.

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Polycarbonate Industry Demand for Dimethyl Carbonate Continues to Grow

By 2023, 53.2% of the total volume of dimethyl carbonate produced is expected to be taken up by the polycarbonate industry. Dimethyl carbonate is an important constituent in the manufacture of polycarbonates, as it is used to produce diphenyl carbonate, one of the core chemicals in the condensation polymerization process that produces polycarbonates. The applications of polycarbonates are diverse and include appliances, lighting devices, medical devices, optical media, electronics, and automobiles. Most of these industries, especially the automotive and electronics industries, are showing a positive growth rate. Therefore, their demand for polycarbonates is expected to drive the production of dimethyl carbonate.

The key players involved with the production of dimethyl carbonate include Dongying City Longxing Chemical Co., Ltd., Shandong Shida Shenghua Chemical Group Co., Ltd., Alfa Aesar, EMD Millipore Corporation, HaiKe Chemical Group, Akzo Nobel N.V., UBE Industries Limited, Tangshan Chaoyang Chemical Co., Ltd., and BASF SE.

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