Dimethyl carbonate is an essential raw material for the production of polycarbonate, and due to its suitable polarity, biodegradability, and reactivity, it is being used as a fuel additive and cleaning agent. According to BlueQuark Research & Consulting, the Global Dimethyl carbonate Market is expected to witness a significant growth rate during the forecasted period. Factors such as the increasing demand for polycarbonate are used in many industries, such as electronics, automotive, building and construction, consumer products, and medical, are predicted to drive the demand for the Dimethyl carbonate market in the forecasted period. Further, the rising need for low-cost and cost-effective consumer goods, including smartphones, smart speakers, smart home devices, laptops, power banks, and others, propels the dimethyl carbonate market in the forecasted period. Furthermore, the eco-friendly synthesis of dimethyl carbonate from carbon dioxide is predicted to fuel the dimethyl carbonate market in the forecasted period. However, regulatory restrictions hamper the production process, which could reduce supply, thereby impacting the availability of natural resources for this chemical and subsequently affecting prices.

The increase in the application of dimethyl carbonate in plastics, paints, coatings, and agrochemicals has been observed worldwide. In addition, its utilization in synthesizing polycarbonate drives the growth in the aerospace, electronics, automotive, and construction sectors.

Polycarbonate is extensively utilized in many industries, including electronics, consumer goods, automotive, building and construction, and many more. Dimethyl carbonate can be produced in different methods, but carbon dioxide and methanol are the two most frequently used in many industries. There are numerous uses for dimethyl carbonate. Polycarbonate, a plastic recognized for its excellent dielectric strength, impact resistance, and optical clarity, is made using it. Dimethyl carbonate is becoming increasingly popular due to it is utilized as an electrolyte in lithium-ion batteries, which are used in plug-in hybrid electric vehicles, laptops, desktop computers, and cell phones. Growing demand in the electronics and automotive industry is projected to propel the dimethyl carbonate market owing to properties such as strength, heat resistance, transparency, and chemical resistance. The primary driver for the market's growth is the increasing demand for polycarbonate in many industries due to the properties polycarbonate contains in the applications are strength, chemical and heat resistance, thermal stability, and dimensional stability. It makes polycarbonate one of the most widely used engineering thermoplastics across electronics, automotive, building & construction, consumer products, and medical. An increase in demand for polycarbonate in many industries will increase the production capacity of the polycarbonate product globally. Reduced prices of lithium-ion batteries and monetary advantages and subsidies provided by governments on the purchase of electric vehicles are anticipated to further drive the demand for electric cars during the forecast period, thereby leading to an increase in the need for the industry. It offers characteristics such as high oxygen content, suitable solubility, and boiling point, surging its application as a biodiesel additive. The use of dimethyl carbonate in diesel offers efficient combustion while reducing emissions. Rise in environmental concerns, rising consumer awareness, and increasing adoption of sustainable and bio-degradable solutions are factors awaited to contribute to the growth of the Dimethyl carbonate global market during the forecasted period.

Asia Pacific accounted for a crucial share of the global dimethyl carbonate market. Growth in industrialization increased penetration of electric vehicle, and more critical requirement for lithium-ion batteries supports the development in the region. In addition, growing environmental consciousness and introducing stringent environmental regulations further improve the adoption of dimethyl carbonate. Technological advancements, research and development, a rise in the sale of vehicles, and an inclination toward using cleaner sources have been witnessed in the region, driving the market growth. Increasing application in paints, coatings, and pharmaceuticals further drives the adoption of dimethyl carbonate in Asia. Carbon is a generous element essential in the manufacturing of fuels and polymers. Owing to carbon's non-toxic characteristics, players in the dimethyl carbonate market have been pushed to convert CO2 into valuable chemicals such as dimethyl carbonate (DMC). This trend is predicted to continue, as conventional techniques such as phosgenation have downsides, such as using highly poisonous and corrosive phosgene gas and creating vital quantities of inorganic salts. As a result, players in the dimethyl carbonate market are increasing their R&D efforts to enhance efficacy in green chemistry. To boost the efficiency of green chemistry, manufacturers use processes that demand the direct combination of dimethyl carbonate from methanol and CO2. As methanol is a low-cost raw material, green synthesis of DMC is becoming more favored as a cost-effective process. Due to a rise in the usage of the electrolyte in the manufacture of lithium-ion batteries, especially in comparison to other industrial applications, leading brands are also concentrating on producing battery-grade methyl carbonate rather than industrial-grade. Dimethyl carbonate is extensively used in producing solvents, including adhesives, cleaning agents, paints & coatings, and substitute fuel additives. Polycarbonates have many applications, including roofing and glazing, bulletproof glass, safety helmets, compact discs, data storage, electronic items, and 3D printing. This is predicted to create a significant need for polycarbonate due to growth in the building, construction, and electronics sectors.

The market's key players are Ube Industries Ltd., Kowa Company Ltd, Shandong Shida Shenghua Chemical Group Co. Ltd., Kishida Chemical Co Ltd, and Haike Chemical Group.

In February 2022, Lotte Chemical announced its expansion plan. The company plans to build a new plant that will produce high-quality organic solvents such as dimethyl carbonated lithium-ion battery electrolytes.

The Global Dimethyl Carbonate Market report provides deep insight into the market's current and future state across various regions. The study examines the Dimethyl carbonate market in detail by segmenting it based on the Grade (Industry Grade, Pharmaceutical Grade, Battery Grade), By Application ( Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents), By End Use Industry (Electronic, Automotive, Plastics, Paints and Coating, Pharmaceutical, Battery ), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The research examines emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched sections on the competitive landscape with prominent companies and profiles, including their market shares and projects.