Why did the Dimethyl Carbonate Price Change in July 2025? Dimethyl Carbonate (DMC) Price Index in China dropped 7.0% quarter-on-quarter, settling around USD 591/MT FOB Shenzhen in June 2025.

Get the latest insights on price movement and trend analysis of Dimethyl Carbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Track YoY price changes of dimethyl carbonate in 2024 and explore 2025 forecasts driven by steady demand and shifting regional supply trends.

The global dimethyl carbonate market was valued at USD 1.13 billion in 2021 and is expected to grow at a CAGR of 7.1% during the forecast period.

The Dimethyl Carbonate Market size is expected to reach a valuation of USD 3.81 billion in 2033 growing at a CAGR of 13.2%. The Dimethyl Carbonate market research report classifies market by share, trend, demand, forecast and based on segmentation.

The dimethyl carbonate market size was USD 1.3 billion in 2024 and is estimated to reach USD 6.5 billion by the end of 2037, expanding at a CAGR of 13.2% during the forecast period, i.e., 2025-2037. Asia Pacific dimethyl carbonate sector is poised to hold a 44.5% share by the end of 2037.

Global Dimethyl Carbonate market may grow as In 2021, the price of one metric ton of battery-grade lithium carbonate in China stood at more than USD 43,700.

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Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

The market is estimated to reach USD 641 million by 2025. The market is estimated to come up to about USD 1,095 million by 2035 across the forecast period of the report at a CAGR of 5.5%.

Metric	Value
Market Size in 2025	USD 641 million
Projected Market Size in 2035	USD 1,095 million
CAGR (2025 to 2035)	5.5%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	5.8%

Country	CAGR (2025 to 2035)
UK	5.5%

Region	CAGR (2025 to 2035)
European Union (EU)	5.7%

Country	CAGR (2025 to 2035)
Japan	5.6%

Country	CAGR (2025 to 2035)
South Korea	5.4%

Segmentation Outlook

By Grade	Market Share (2025)
Battery Grade	38%

Competitive Outlook

Company Name	Estimated Market Share (%)
Ube Industries Ltd.	15 - 20%
Kishida Chemical Co. Ltd.	10 - 15%
Lotte Chemical Corporation	8 - 12%
Dongying Hi-tech Spring Chemical Industry Co., Ltd.	5 - 10%
Merck KGaA	5 - 10%
Other Companies (combined)	35 - 45%

Dive into Market Research Intellect's Electronic Grade Dimethyl Carbonate Market Report, valued at USD 200 million in 2024, and forecast to reach USD 400 million by 2033, growing at a CAGR of 8.5% from 2026 to 2033.

The Dimethyl Carbonate (DMC) solution market, valued at $1345.1 million in 2025, is projected to experience steady growth, driven by its increasing adoption in various applications. The 2.2% CAGR indicates a consistent, albeit moderate, expansion over the forecast period (2025-2033). Key drivers include the growing demand for environmentally friendly solvents and intermediates in the chemical industry. DMC's inherent non-toxicity and biodegradability are significant factors fueling this market growth, particularly as regulations around sustainable chemical production become stricter. Furthermore, the rising demand for DMC in the production of polycarbonate, pharmaceuticals, and other specialty chemicals is contributing to market expansion. Competitive pressures from established players like Sabic, Lotte, and Mitsubishi Chemical, along with emerging players in Asia, are shaping market dynamics. While precise regional breakdowns are unavailable, it is reasonable to assume that Asia-Pacific, given the presence of several key manufacturers in the region, likely holds a significant market share. The market’s moderate growth suggests a relatively mature landscape, with opportunities lying primarily in innovation and expanding applications. The forecast period of 2025-2033 indicates a sustained market expansion. While challenges such as fluctuations in raw material prices and competition from alternative chemicals may exist, the inherent advantages of DMC—its sustainability profile and versatility—position it for continued growth. Technological advancements in DMC production, focusing on efficiency and cost reduction, are expected to enhance its competitiveness further. This steady growth is anticipated to continue as more industries recognize and utilize the benefits of this environmentally conscious chemical solution. Specific market segmentation data, while currently unavailable, would offer a more granular understanding of individual sector growth trajectories within the broader DMC market.

Get professional Dimethyl Carbonate Market research featuring size and share analysis with growth forecasts. Premium syndicated data for strategic business intelligence.

In Q1 2025, the North American Diethyl Carbonate (DEC) market experienced notable price fluctuations, influenced by varying demand from the lithium-ion battery and electric vehicle (EV) sectors, alongside broader economic factors. January commenced with a surge in DEC prices, driven by heightened demand from the EV industry, particularly as manufacturers ramped up production to meet year-end targets. The lithium-ion battery sector, a primary consumer of DEC as an electrolyte solvent, also saw increased activity, contributing to the price uptick.

The global dimethyl carbonate market is valued at $1.28 billion in 2024 and is expected to grow at a CAGR of 11.39% to reach $3.76 billion by 2034.

The Dimethyl Carbonate (DMC) market size was valued at 1699.1 million in 2025 and is projected to reach 8308.3 million by 2033, growing at a CAGR of 22% from 2025 to 2033. The growth of the market is attributed to the increasing demand from the polycarbonate and battery industries. Polycarbonate is a durable and lightweight material that is used in a variety of applications, including automotive parts, appliances, and electronics. The use of polycarbonate is expected to grow in the coming years, which will drive the demand for DMC. The Asia Pacific region is expected to be the largest market for DMC, followed by North America and Europe. The growing demand from the automotive and electronics industries in Asia Pacific is expected to drive the growth of the market in the region. The increasing demand for electric vehicles is also expected to boost the demand for DMC, as it is used as a solvent in the production of lithium-ion batteries.

High Purity Dimethyl Carbonate Market Outlook

In 2023, the global high purity dimethyl carbonate market size was estimated to be worth approximately $600 million, and it is projected to reach around $1.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period. This growth is primarily driven by the increasing demand for high purity dimethyl carbonate in various applications such as pharmaceuticals, batteries, and solvents. Factors such as advancements in chemical synthesis, growing environmental concerns, and the burgeoning electric vehicle (EV) market are significantly contributing to the market's expansion.

The burgeoning demand for electric vehicles (EVs) is one of the most significant growth factors for the high purity dimethyl carbonate market. As the world shifts towards greener technologies, the need for efficient energy storage solutions has surged. Dimethyl carbonate, which is a crucial component in the production of electrolytes for lithium-ion batteries, has become indispensable. The rise in EV production and the subsequent demand for efficient and stable battery components are anticipated to propel the market. Additionally, efforts to reduce carbon footprints and transition to sustainable energy solutions are further catalyzing the adoption of high purity dimethyl carbonate in battery applications.

Another pivotal growth factor is the increasing use of high purity dimethyl carbonate in the pharmaceutical industry. Due to its excellent solubility and low toxicity, high purity dimethyl carbonate is extensively utilized as a reagent and solvent in pharmaceutical syntheses. The growing pharmaceutical industry, driven by the rising prevalence of chronic diseases, increased healthcare spending, and the continuous development of novel drugs, significantly boosts the demand for high purity dimethyl carbonate. Moreover, stringent regulations and the need for high-quality raw materials in drug formulation further augment the market growth.

The solvent industry also plays a crucial role in driving the high purity dimethyl carbonate market. High purity dimethyl carbonate is widely recognized for its effectiveness as a solvent in various chemical processes, including the production of polycarbonates and other polymers. The rising demand for eco-friendly solvents, driven by stringent environmental regulations and the push for greener manufacturing processes, is fueling the market. Additionally, its usage in agrochemical formulations as an intermediate, which helps in efficient pesticide and herbicide production, further underscores its importance.

Regionally, Asia Pacific is expected to dominate the high purity dimethyl carbonate market over the forecast period. The region's robust industrial base, coupled with significant investments in electric vehicle infrastructure and pharmaceutical manufacturing, creates a conducive environment for market growth. Furthermore, countries like China, Japan, and South Korea are leading in battery production, which further bolsters the demand for high purity dimethyl carbonate. The favorable regulatory environment and government incentives in these countries are also instrumental in driving market growth.

High Purity Propylene Carbonate is gaining attention as a versatile solvent and chemical intermediate in various industries, including electronics and pharmaceuticals. This compound is known for its high solvency power and low toxicity, making it an ideal choice for applications that require stringent purity standards. In the electronics industry, high purity propylene carbonate is used in the production of capacitors and lithium batteries, where its excellent dielectric properties enhance the performance and longevity of electronic components. Additionally, its role as a solvent in pharmaceutical formulations underscores its significance in producing high-quality, safe, and effective medications. The growing demand for eco-friendly and sustainable chemical solutions further propels the adoption of high purity propylene carbonate, aligning with global trends towards greener industrial practices.

Grade Analysis

The high purity dimethyl carbonate market is segmented by grade into industrial grade, pharmaceutical grade, and battery grade. Each grade serves distinct applications and has unique market dynamics. Industrial grade dimethyl carbonate is primarily used in the manufacturing of polymers and solvents. The demand for industrial grade is dr

Dimethyl Carbonate Market is expected to grow at a Significant CAGR during the forecast period 2024-2031

The DMC market is segmented into Industrial grade, Pharmaceutical grade, Battery grade, and Others. The Industrial grade is the largest segment, accounting for over 50% of the market. Recent developments include: The design of a Dimethyl Carbonate plant has been initiated in July 2022 by UBE Corporation in the United States for commercial purposes. Additionally, Lotte Chemical plans to build a new plant that will manufacture high-quality organic solvent such as DMC for Lithium-ion batteries by February 2022.In October 2021, UBE launched Daxsol dimethyl carbonate, which acts as an eco-friendly solvent. Biodegradability and low toxicity are among its benefits. It offers biodegradability at least and low toxicity especially in adhesives, cleaning agents as well as coatings.During July 2021, Asahi Kasei entered into a technology license agreement for the development of high purity dimethyl carbonate. This process utilizes carbon dioxide (CO2) mainly in order to optimize profits from Lithium-ion batteries demand.Merck announced an investment amounting to $22.9 million in expanding research & development (R&D) and manufacturing capabilities at its site located in Shizuoka (Japan) during April 2021. In this context, there would be the establishment of new infrastructure geared towards enhancing and speeding up innovations taking place within electronic materials space.However, during March 2021, Merck signed a memorandum of understanding (MOU) with Universitas Indonesia, which led to establishment of the first Collaboration Laboratory between the company and university pertaining to life science researches and innovation developments within Indonesia. Key drivers for this market are: Robust Demand For Manufacturing Polycarbonate Due To Its Surging Use In The Automotive And Electronics Industries 30, Highly Preferred Eco-Friendly Alternative Solvent Over Its Counterparts 31. Potential restraints include: Technological Complexities Associated With The Production Of The Desired Grade Of DMC 32. Notable trends are: High production of polycarbonate to boost the market growth.

Dimethyl Carbonate (DMC) Market size was valued at USD 1.1 Billion in 2023 and is projected to reach USD 1.6 Billion by 2030, growing at a CAGR of 7.2% during the forecast period 2024-2030.

Global Dimethyl Carbonate (DMC) Market Drivers

The Market drivers for the Dimethyl Carbonate (DMC) Market can be influenced by various factors. These may include:

Increased Need for Polycarbonate Production: When making polycarbonates, dimethyl carbonate is employed as a methylating agent. The expansion of the DMC market is fueled by the rising demand for polycarbonates, which are used in electronics, construction, and the automotive industry.

Environmental Rules and Trends in Green Chemistry: Dimethyl carbonate is regarded as a green and environmentally beneficial solvent. The need for DMC is being driven by companies looking for solvent alternatives as traditional solvents become less viable due to environmental regulations and the growing emphasis on sustainability.

Growth in Lithium-Ion Battery Needs: DMC is employed in the manufacturing of lithium-ion batteries as an electrolyte and a solvent. The need for lithium-ion batteries rises as the market for portable electronics and electric cars grows, which in turn propels the DMC industry.

Growing Applicability in Chemical Synthesis as a Methylation Agent: In several chemical synthesis processes, dimethyl carbonate is used as a methylation agent. DMC is in high demand in the agricultural, pharmaceutical, and other industries due to its versatility in chemical industrial applications.

Growing Paint & Coatings Sector: Dimethyl carbonate finds use in the paint and coatings business as a solvent. The need for DMC in solvent applications is rising as this industry keeps growing due to building projects and industrial development.

Tight Rules Regarding VOC Emissions: Many companies are concerned about emissions of volatile organic compounds, or VOCs. Because dimethyl carbonate has a low volatile organic compound (VOC), it is preferred over conventional solvents in order to comply with strict environmental requirements.

Learn more about Market Research Intellect's Ultra Pure Dimethyl Carbonate Market Report, valued at USD 450 million in 2024, and set to grow to USD 850 million by 2033 with a CAGR of 8.5% (2026-2033).

In 2024, the global Dimethyl Carbonate market is worth $1.1B, projected to reach $1.9B by 2034, growing at a 6.0% CAGR from 2025 to 2034.