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Diethyl Carbonate (DEC) Market

Published Date : Jun 2024 | Forecast Year : 2019

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Diethyl Carbonate (DEC) Market Size, Share & Trends Cover Analysis By Product Type (Pharmaceutical Grade, Industrial Grade, Battery Grade), By Product Application (Pharmaceuticals, Plastics, Paints and Coatings, Lithium Battery Electrolyte, Agrochemicals, Others) Growth, Regional Outlook, and Forecast 2024 – 2032

Report ID: AG810

Published : Jun 2024

Pages : 155

Category : Chemical & Material

Format : Diethyl Carbonate (DEC) Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 2484.50 Million
MARKET SIZE (2023)USD 1505.23 Million
CAGR (2023-2029)6.43%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEPharmaceutical Grade
Industrial Grade
Battery Grade
BY APPLICATIONPharmaceuticals
Plastics
Paints and Coatings
Lithium Battery Electrolyte
Agrochemicals
Others
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSUBE Group, Kishida Kagaku, Kowa Company, Chaoyang chemical, Shandong Shida Shenghua, Tongling Jintai Chemical, Shandong flying, Carcol Chemical, Liaoyang Best Group, Lixing Chemical, Liaoning Huifu Chemical, Chongqing Changfeng, Fushun Dongke Fine Chemical.

Introduction:

The diethyl carbonate (DEC) market is growing significantly due to its versatile applications in various industries. DEC, a clear, colorless liquid with a fruity odor, is widely used as a solvent in coatings, adhesives and paints due to its excellent dissolving properties. It acts as an important component of lithium-ion battery electrolytes, improving battery performance and stability, which is particularly important due to the growing demand for electric vehicles and energy storage solutions. In addition, DEC is used as an intermediary in the synthesis of active substances in the fields of medicinal and agricultural chemistry. 

Diethyl Carbonate (DEC) Market size was valued at USD 1505.23 Million in 2023 and is expect to reach USD 2484.50 Million by 2032, growing CAGR 6.43% (2024-2032)

Market expansion is supported by increasing investments in research and development to map new applications and improve production processes. North America, Europe and Asia Pacific are the major regions driving the demand for DEC, with Asia Pacific leading the way due to growing electronics and automotive industries. Environmental regulations promoting sustainable and safer chemicals will further strengthen DEC's market prospects.

Diethyl Carbonate (DEC) Market Drivers:

  • Growing Need in The Automotive Industry: Lithium-ion batteries widely used in electric vehicles (EVs) increasingly use diethyl carbonate as an electrolyte solvent. The DEC market is growing rapidly due to increasing demand for electric cars due to government legislation and environmental concerns.

  • Growth in The Electronics Sector: The electronics industry uses lithium-ion batteries in many products such as tablets, laptops and smartphones. The demand for DEC is due to the widespread use of these devices and the constant creation of new electronic products.

  • Increasing Use of Sustainable Energy Sources: Lithium-ion battery-based energy storage systems are often used in the transition to renewable energy sources such as solar and wind energy. Thus, the need for DEC increases due to the expansion of investments in renewable energy projects.

  • Industrial Uses: Paints, coatings and adhesives are just some of the industrial applications that use DEC as a solvent. The need for DEC in various applications is due to the expansion of construction, automotive and other industries.

  • Growth of Chemical Industry: DEC is a useful intermediate in the synthesis of agricultural chemicals, pharmaceuticals and other organic molecules. The need for DEC as a raw material is reinforced by the growing chemical industry, especially in developing economies.

  • Environmental Benefits and Regulatory Support: The use of DEC over conventional solvents is encouraged by legislative grants for low-toxicity and environmentally friendly solvents. It is the preferred option due to its biodegradability and lower environmental impact compared to other solvents.

Diethyl Carbonate (DEC) Market

Size, by Product, - (USD Billion)

Pharmaceutical Grade

Industrial Grade

Battery Grade

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

6.43%

The Forecast Market

Size for in USD:

$2484.50 Million B

b0d51e3055fd6f23ff6a384a6e091406.svg

Diethyl Carbonate (DEC) Market Insights:

Diethyl carbonate (DEC) is a colorless, flammable and slightly soluble organic compound. It can also be represented chemically as C5H10O3 or (C2H5O)2CO. It is usually prepared by transesterification of ethylene carbonate or by reacting ethanol with phosgene. DEC is widely used in various fields due to its favorable chemical properties, which include high boiling point, low toxicity, and excellent solvent properties.

Global trade and consumption of this compound in various sectors including coatings, agrochemicals, pharmaceuticals and electronics are included in the DEC market. Due to its stability and conductivity, it is mainly used in the manufacture of lithium-ion batteries, where it is a promising electrolyte additive. In addition, DEC is necessary for the synthesis of polycarbonates, which are an important part of the plastics industry.

DEC is important in drug production because it is used as an intermediate in the synthesis of active ingredients (API) in the pharmaceutical industry. It is also useful in the manufacture of pesticides and herbicides in the agrochemical industry due to its low toxicity profile and environmentally friendly properties.

Key Players:

  • UBE Group

  • Kishida Kagaku

  • Kowa Company

  • Chaoyang chemical

  • Shandong Shida Shenghua

  • Tongling Jintai Chemical

  • Shandong flying

  • Carcol Chemical

  • Liaoyang Best Group

  • Lixing Chemical

  • Liaoning Huifu Chemical

  • Chongqing Changfeng

  • Fushun Dongke Fine Chemica

Diethyl Carbonate (DEC) Market

Share, by end user, (USD Billion)

Analytica Global 1505.23 Million %

Pharmaceuticals

Plastics

Paints and Coatings

Lithium Battery Electrolyte

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

2484.50 Million

Total Market Size

USD (Billion),

6.43%

CAGR

-

Diethyl Carbonate (DEC) Market Segmentation:

By Type:

  • Pharmaceutical Grade
  • Industrial Grade
  • Battery Grade

By Application:

  • Pharmaceuticals
  • Plastics
  • Paints and Coatings
  • Lithium Battery Electrolyte
  • Agrochemicals
  • Others

By Region:

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East & Africa

Key Stakeholders:

  • Manufacturers and Suppliers

  • End-Use Industries

  • Automotive Industry

  • Electronics Industry

  • Pharmaceutical Industry

  • Chemical Industry

  • Coatings and Paints Industry

  • Plastics and Polymers Industry

  • Regulatory Bodies and Environmental Agencies

  • Research and Development Entities

  • Investors and Financial Institutions

  • Distributors and Retailers

  • Consumers and End-Users

  • Trade Associations and Industry Groups

Diethyl Carbonate (DEC) Market

Size, by Product, - (USD Billion)

APAC $ 22

The Market will Grow

At the CAGR of:

6.43%

The Forecast Market

Size for in USD:

$2484.50 Million B

b0d51e3055fd6f23ff6a384a6e091406.svg

Diethyl Carbonate (DEC) Market Opportunities:

  • Battery Electrolytes: DEC is an essential component of lithium ion electrolyte solutions widely used in electric vehicles (EVs), portable electronics and energy storage systems. Growing demand for electric vehicles and renewable energy storage solutions present significant opportunities for DEC in this segment. Innovations and advances in battery technologies, such as solid-state batteries, may increase the demand for ultrapure DEC as an electrolyte component.

  • Pharmaceutical Industry: DEC is used in the pharmaceutical industry as a solvent for the synthesis of active ingredients (API) and pharmaceutical preparations. The expanding pharmaceutical sector and increasing research and development activities offer opportunities for the use of DEC as a solvent. As industry moves toward green and sustainable chemistry, DEC, a relatively environmentally friendly solvent, may find more applications.

  • Chemical Industry: DEC is used as an intermediate in the synthesis of various chemicals, including polycarbonate diols, pesticides and coatings. Growing demand for these chemicals, particularly in the Asia-Pacific region, presents opportunities for DEC manufacturers. Its use as a reactive solvent in various chemical reactions, including carbonylation and alkylation, offers opportunities for the production of specialized chemicals.

  • Coatings and Paints: DEC can be used to make high quality coatings and paints, especially when fast evaporation and high gloss are required. The growing construction and automotive industries, especially in emerging markets, present opportunities for DEC in this application. 

  • Agricultural Chemicals: DEC is a solvent and intermediate in the production of various agricultural chemicals, including pesticides and herbicides. Growing demand for agrochemicals driven by global food demand and improved agricultural productivity offers growth opportunities.

  • Plastics and Polymers: DEC is used in the production of polycarbonate, a high-performance plastic used in the automotive, electronics and construction industries. The increasing use of polycarbonate in various industries increases the demand for DEC as a raw material.

  • Environmental Regulations: With the strengthening of environmental regulations, the use of environmentally friendly solvents has increased. DEC, with its relatively lower toxicity and environmental impact, is well positioned to benefit from this trend.

Diethyl Carbonate (DEC) Market Restraints:

  • Growing Need in The Automotive Industry: Lithium-ion batteries widely used in electric vehicles increasingly use diethyl carbonate as an electrolyte solvent. The DEC market is growing rapidly due to increasing demand for electric cars due to government legislation and environmental concerns. 

  • Growth in The Electronics Sector: The electronics industry uses lithium-ion batteries in many products such as tablets, laptops and smartphones. The demand for DEC is due to the widespread use of these devices and the constant creation of new electronic products. 

  • Increase The Use of Sustainable Energy: Energy storage systems based on lithium-ion batteries are often used in the transition to renewable energy sources such as solar and wind energy. Thus, the need for DEC increases as investment in renewable energy projects expands. 

  • Industrial Uses: Paints, coatings and adhesives are just some of the industrial applications that use DEC as a solvent. The need for DEC in various applications is due to the expansion of construction, automotive and other industries. 

  • Growth of Chemical Industry: DEC is a useful intermediate in the synthesis of agrochemicals, pharmaceuticals and other organic molecules. The need for DEC as a raw material is reinforced by the growing chemical industry, especially in developing economies. 

  • Environmental Benefits and Regulatory Support: The use of DEC over conventional solvents is encouraged by legislative support for low-toxicity and environmentally friendly solvents. It is the most recommended option due to its biodegradability and lower environmental impact compared to other solvents.

Diethyl Carbonate (DEC) Market TO (USD BN)

Diethyl Carbonate (DEC) Market

CAGR OF

6.43%

Diethyl Carbonate (DEC) Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 2484.50 Million %

Recent Development:

July 31 2021 Relocation of plant in Chongqing Changshou Chemical Park. The BP annual production capacity in new plant will reach 10000mt. The production is launched. 

Conclusion:

The Diethyl Carbonate (DEC) market is poised for substantial growth, driven by its diverse applications across industries such as automotive, electronics, pharmaceuticals, and chemicals. Key opportunities include the increasing demand for lithium-ion batteries, advancements in pharmaceutical formulations, and the rising need for environmentally friendly solvents. As industries continue to innovate and environmental regulations tighten, DEC's role as a versatile and sustainable solvent is expected to expand, particularly in regions like Asia-Pacific, North America, and Europe. The market's growth is further supported by ongoing research and development efforts aimed at enhancing DEC's applications and production processes.

Diethyl Carbonate (DEC) Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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