Analysis of Dimethyl Carbonate market in China in 2024

DMC (dimethyl carbonate) is a high-performance solvent that can also be used to synthesize the monomer diphenyl carbonate (DPC), tetramethylammonium hydroxide (TMAC), etc., and is used in lithium battery electrolyte, polycarbonate ( PC), developer, solid phosgene, pharmaceuticals, pesticides, optical resins, polyurethane, paints and coatings and other industries, the downstream applications are very wide. According to the purity, it is mainly divided into industrial grade first-grade products (99-99.8%), industrial grade superior products (more than 99.9%), and battery grade (more than 99.99%).

With the rapid growth of the new energy market since 2021, as a lithium battery electrolyte solvent, the domestic supply of DMC has grown rapidly. By the end of 2023, the domestic DMC production capacity will be around 2.6 million tons, and the corresponding domestic demand plus export market will be more than 1.4 million tons. tons, and the market's comprehensive operating rate is less than 60%.

In 2024, with the gradual commissioning of new devices, the overall market supply will further increase. According to incomplete statistics, the new DMC production capacity in 2024 will be around 1.97 million tons, while the overall market demand in 2024 is expected to be more than 1.6 million tons. Only the new market Increasing production capacity can cover all market demand.

The game of market supply and demand will still dominate the market trend throughout 2024. There are several judgments about the market as follows:

1，The sharp rise and fall of dimethyl carbonate products has ended, and prices have returned to rationality.

2，The construction period of new equipment has been extended, the release of production capacity has been delayed, and planned implementation projects have gradually decreased.

3，A variety of production techniques and various product qualities require survival of the fittest, and each has its own niche.

4，Low prices have given rise to alternative applications of products, and there are incremental opportunities in the market.