Dimethyl Carbonate Market Trends

Growth Drivers

• Rising Demand for Electronics manufacturing services – Dimethyl carbonate is the most important component of this electrolyte solution in lithium-ion batteries. LIBs are used in electric cars and smartphones. On account of the increasing use of lithium-ion batteries, the market is expected to expand more in the upcoming years. The global lithium-ion battery market is estimated to be USD 40 Billion in the year 2021.
• Increasing Collaborations, and Partnerships by Key Players in the Industry – To gain a competitive edge in the industry, dimethyl carbonate market participants constantly invest in expanding their geographical coverage through joint ventures, partnerships, and mergers and acquisitions.
• Increased Use of Dimethyl Carbonate as an Oxygenated Fuel Additive – Dimethyl carbonate has been used as a replacement fuel or oxygenated additive for diesel and gasoline. This is due to their properties such as nontoxic production, being environmentally friendly, free from corrosive substances.

Challenges

• Use of toxic material for DMC synthesis- The conventional method of DMC production involves the use of dangerous gases like phosgene and carbon monoxide, which in turn generate harmful metabolites. Phosgene's an extremely hazardous chemical that may cause serious health problems. Even disposal of their processing waste products can be extremely harmful to the environment.
• Reduced efficiency of DMC due to moisture absorption
• Fluctuations in oil and gas prices