Dimethyl Carbonate Market Analysis

The rising adoption of battery grade is expected to drive the demand for the dimethyl carbonate market in the forecast period, 2024-2028. According to TechSci Research report, “Dimethyl Carbonate Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the global dimethyl carbonate market is anticipated to upsurge at an impressive rate in the forecast period 2024-2028. Dimethyl carbonate (DMC) is a non-toxic organic compound with the formula OC(OCH3)2.

It is a colorless, flammable liquid. It is notified as a carbonate ester. Its function as a methylating agent in the creation of analgesics, antipyretics, and anti-infectives, results in the growing requirement for dimethyl carbonate. Compared to conventional oxygenated additive fuel additives such as MTBE, dimethyl carbonate is non-corrosive, safe to handle, and has eco-friendly properties, replacing MTBE in commercial gasoline/diesel leading to the rise in demand for dimethyl carbonate worldwide.

Furthermore, the growing demand for pesticides, solvents, pharmaceuticals, paint & coatings, and others are the essential factors that raise the growth of the market.  Thus, the need for the global dimethyl carbonate market is expected to grow in the forecast period.

The Global Dimethyl Carbonate Market is segmented based on grade, method of preparation, application, end-use, region, and competitive landscape.

Based on grade, the market is divided into Industrial grade, Battery grade, Pharmaceutical grade, and Others. Battery grades are expected to hold the largest market share in the forecast period, 2024-2028. Since global warming and environmental pollution are the main concern, therefore, alternate sources of energy like E-vehicles running on battery play a vital role for the same. Thus, it is more in demand in its segment and dominates.