Dimethyl Carbonate Market Size

Dimethyl Carbonate Market size was valued at USD 2.43 billion in 2024 and is set to reach USD 8.69 billion by the end of 2037, registering around 10.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of dimethyl carbonate is assessed at USD 2.63 billion.

This growth is attributed to the increasing demand for dimethyl carbonate as a derivative from various end-user industries. The demand for lithium-ion batteries which uses dimethyl carbonate as electrolytes are also attributed to the market growth.

The industry growth is further driven by soaring investments and efforts to produce environment-friendly dimethyl carbonate. For instance, Ube Industries announces that it is expanding production of basic chemical dimethyl carbonate to its derivative with the commissioning of a new US facility in July 2019. Additionally, the growing number of awareness campaigns on the use of dimethyl carbonated as oxygenated fuel is set to present the potential for market growth during the forecast timeline.