Dimethyl Carbonate Market Share

APAC Market Forecast

Dimethyl carbonate market in the Asia Pacific is projected to be the largest with a share of about 35% by 2037. The market growth is led by the increasing use of dimethyl carbonate in paints, cleansing agents, automotive, medical, and others in the region. The market for dimethyl carbonate in this region is largely dominated by India, China, South Korea, and Japan. In China, Thailand, Japan, and Taiwan dimethyl carbonate is a primary material for polycarbonate production. In India, it is mainly applied to the pharmaceutical, paints & Coatings as well as Agrochemical industries making various products such as drugs, paints, or pesticides. For instance, China’s polycarbonate production capacity is estimated to be 582,000 tons owing to 12% of the global capacity.

North American Market Forecast

The North American dimethyl carbonate market is set to register a share of about 24% by 2037. The market growth is propelled by the increasing adoption of environment-friendly intermediates for chemical synthesis. A surge in the demand for dimethyl carbonate from paints and the construction industry is also estimated to contribute to the growth of the market. The market shall continue to grow during the forecast period with companies such as Tesla, researching hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs).