Dimethyl Carbonate Market to Hit $2.15B by 2034 on EV Battery Demand
Pune, India – – September 30, 2026 -- The global dimethyl carbonate (DMC) market was valued at $1.18 billion in 2025 and is projected to reach $2.15 billion by 2034, expanding at a compound annual growth rate of 6.9% from 2026, according to a new analysis by Maximize Market Research.
Battery electrolyte demand for DMC outpaces the broader chemical market
The battery electrolyte application segment is forecast to grow at an 8.32% CAGR through 2031, faster than the overall DMC market. Global electric car sales exceeded 17 million units in 2024, while EV battery demand surpassed 950 GWh, up more than 25% from 2023. DMC is blended with other carbonate solvents in lithium-ion electrolyte formulations, and battery manufacturers increasingly require purity levels above 99.9%, tightening specifications on moisture control, impurity management and batch consistency.