Dimethyl Carbonate DMC Market Size, Share, Growth Analysis, By End use(Plastics, Paints & Coating, Pharmaceuticals, Battery), By Application(Polycarbonate synthesis, Battery electrolyte, Solvents, Reagents), By Grade(Industry grade (less than 99.0 weight %), Pharmaceutical grade (less than 99.5 weight %), Battery grade (less than 99.9 weight %)), By Region - Industry Forecast 2024-2031

Dimethyl Carbonate DMC Market Drivers

• Growing Demand for Polycarbonate to Propel Dimethyl Carbonate Market
• Polycarbonate is widely used in a variety of industries such as electronics, automotive, consumer goods, building and construction, and many more. Because of features such as transparency, strength, heat resistance, and chemical resistance, rising demand in the electronics and automotive industries is likely to push the dimethyl carbonate market. Furthermore, rise in the vehicle sector in countries like as India, China, and Japan have supported dimethyl carbonate market growth. Furthermore, the growing need for low-cost and cost-effective consumer goods, such as laptops, smartphones, smart speakers, smart home devices, power banks, and others, is driving the dimethyl carbonate industry ahead.
• Mirroring the growth of Li-ion battery Market.
• Rising demand electronic products has resulted in a large scale demand for batteries to power the devices. DMC forms a critical component in the manufacture of these Li-ion batteries and as Li-ion batteries mainly found tremendous traction for powering smartphones and other portable electronics it will help indirectly in the growth of DMC market.

Dimethyl Carbonate DMC Market Restraint

• Hazardous Raw Materials for DMC Synthesis to Hamper Market Growth
• DMC is in high demand due to the volume and range of uses. Although DMC is a green solvent, its typical production technique uses hazardous gases like phosgene and carbon monoxide while producing damaging by products like sodium chloride. Currently, the majority of DMC production uses phosgene, a highly toxic chemical that can cause death or severe health problems in even low quantities, implying that any process design that incorporates phosgene will incur additional expenditures to provide a safe environment. Sodium chloride is produced as a by-product in current DMC manufacturing systems that use phosgene. Sodium chloride disposal can harm the environment, especially when the process is scaled up to such high output rates. For the production of dimethyl carbonate, several firms throughout the world use the methanol phosgenation technique. As a result, the growth of the dimethyl carbonate market is hampered.

• Stringent regulations 

• Manufacturers are facing hiderance in guidlines of market. Permitting guidelines for the producers of dimethyl carbonate are strict, owing to which manufacturers face tough time getting the license, which may have negative effect.