The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033.
The Dimethyl Carbonate Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Dimethyl Carbonate Market:
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According to The Business Research Company’s Dimethyl Carbonate Global Market Report 2024, The dimethyl carbonate market size has grown strongly in recent years. It will grow from $1.08 billion in 2023 to $1.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to demand for sustainable solvents, focus on renewable chemicals, biomedical research applications, specialty chemicals demand, shift towards green chemistry.The dimethyl carbonate market size is expected to see strong growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
The increased demand for lithium-ion batteries is expected to drive the growth of the dimethyl carbonate market. Lithium-ion (Li-ion) batteries, a modern electrochemical technology, utilize lithium ions in their operation. Dimethyl carbonate serves a crucial role as an electrolyte in lithium batteries, enhancing the octane number as an alternative to Methyl tert-butyl ether (MTBE).
For example, according to an article published by the United Nations Department of Economic and Social Affairs in July 2021, the demand for Li-ion batteries rose from 285 GWh in 2019 to 400 GWh in 2022. Projections suggest that it will further increase to 2,000 GWh in 2030, constituting approximately 8% of the global energy supply. This surge in demand for lithium-ion batteries is a key driver for the growth of the dimethyl carbonate market.
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Top Major Players
Shandong Haike Chemical Industry Group Co. Ltd.,
Kowa American Corp.,
Shandong Wells Chemicals Co. Ltd.,
Qingdao Aspirit Chemical Co. Ltd.,
Shandong Feiyang Chemical Co. Ltd.
The dimethyl carbonate market covered in this report is segmented –
1) By Grade: Industry Grade (>99.0 weight %) , Pharmaceutical Grade (>99.5 weight %) , Battery Grade (>99.9 weight %)
2) By Application: Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents, Other Applications (Fuel Additives, Electrolyte for Supercapacitors, Electrolyte for Dye-synthesized Solar Cells)
3) By End-Use Industry: Plastics, Paints and Coating, Pharmaceutical, Battery, Agrochemicals, Other End-Use Industries (Adhesives & Sealants, Ink, Food & Beverages, and Energy)
The dimethyl carbonate market report table of contents includes:
1. Executive Summary
- Dimethyl Carbonate Market Characteristics
- Dimethyl Carbonate Market Trends And Strategies
- Dimethyl Carbonate Market – Macro Economic Scenario
- Global Dimethyl Carbonate Market Size and Growth
- Dimethyl Carbonate Market Segmentation
- Dimethyl Carbonate Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Dimethyl Carbonate Market
- Dimethyl Carbonate Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Dimethyl Carbonate Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Dimethyl Carbonate Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Dimethyl Carbonate Market, Segmentation By End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Shandong Haike Chemical Industry Group Co. Ltd. Financial Performance
Table 75: Kowa American Corp. Financial Performance
Table 76: Shandong Wells Chemicals Co. Ltd. Financial Performance
Table 77: Qingdao Aspirit Chemical Co. Ltd. Financial Performance
Table 78: Shandong Feiyang Chemical Co. Ltd. Financial Performance
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