Dimethyl Carbonate Market Deep Research Study with Forecast by 2023

Dimethyl carbonate is widely used in various applications such as polycarbonate, solvent, pharmaceutical, pesticide, and other applications.


Albany, NY -- (SBWIRE) -- 02/09/2017 -- Dimethyl carbonate is a clear, colorless, and flammable compound with pleasant odor. It is denser than water, thereby slightly soluble in water. Dimethyl carbonate is an eco-friendly compound that can be used in the production of various chemicals as a solvent. It is rapidly replacing toxic reagents, such as phosgene, as a precursor in the production of polycarbonate. Dimethyl carbonate is produced on a relatively small scale; China accounts for 50% share of the production of dimethyl carbonate in the world.

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Dimethyl carbonate is widely used in various applications such as polycarbonate, solvent, pharmaceutical, pesticide, and other applications. Polycarbonate is a transparent and strong engineering thermoplastic used in automotive, glazing, electronics, optical media, medical, lighting, and appliances markets. It is manufactured from diphenyl carbonate, which is manufactured from dimethyl carbonate. Dimethyl carbonate is also an inexpensive oxygenated solvent with excellent solubility properties. It can dissolve numerous solvent coatings. Dimethyl carbonate is often employed in the manufacture of antibiotics such as ciprofloxacin and carbadox in the pharmaceutical industry. Additionally, it is used to manufacture methyl isocyanate, a precursor for the manufacture of carbamate pesticides, in the pesticide industry. In terms of volume, the polycarbonate segment held more than 50% share of the global dimethyl carbonate market in 2014. Demand for dimethyl carbonate is primarily driven by increasing demand for polycarbonate in automotive and electronics industries in emerging economies of Asia Pacific.

Based on region, the global dimethyl carbonate market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific constituted approximately 45% share of the dimethyl carbonate market in terms of volume in 2014. It was the largest market for dimethyl carbonate, followed by Europe, North America, Middle East & Africa, and Latin America in 2014.

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Polycarbonate has been witnessing the highest growth in Asia Pacific due to rising demand for electronics in emerging economies such as China. In terms of volume, the dimethyl carbonate market in North America and Europe is likely to experience high growth during the forecast period.

Expansion of polycarbonate industry coupled with increasing demand in paints & coatings industry is expected to boost the demand for dimethyl carbonate during the forecast period. The polycarbonate market is anticipated to expand at a rapid pace in Asia Pacific due to growth in automotive and electronics industries. Emerging economies in Asia Pacific are projected to be major markets for electronics due to modernization and growth in disposable income of people. Dimethyl carbonate is also a VOC exempt solvent. It can be used across a broad range of applications as a carrier solvent in the paints & coatings industry. Rise in construction activities in the Middle East & Africa is likely to drive the paints & coatings market. Furthermore, dimethyl carbonate has the potential to replace ethanol as fuel additive. It offers attractive octane and emissions characteristics when used in transportation fuels. However, restrictive licensing policies and difficulty in implementation of advanced technology could hinder market growth.

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The dimethyl carbonate market is fragmented; large and medium regional companies operate across the globe. Companies work closely with customers to develop products according to their specifications. Furthermore, companies are developing new and optimized manufacturing technologies to manufacture dimethyl carbonate using sustainable and environment-friendly resources. Akzo Nobel N.V. has collaborated with the Flemish Institute for Technological Research (Flanders, Belgium) and The Foundation for Scientific and Industrial Research (Trondheim, Norway) to manufacture dimethyl carbonate using carbon dioxide as raw material in the presence of a catalyst. Key players operating in the market include Dongying City Longxing Chemical Co., Ltd., Shandong Shida Shenghua Chemical Group Co., Ltd., Alfa Aesar, EMD Millipore Corporation, Sigma-Aldrich Co. LLC, HaiKe Chemical Group, Akzo Nobel N.V., UBE Industries Limited, Tangshan Chaoyang Chemical Co., Ltd., and BASF SE.

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