Ethylene carbonate is a clear, colorless crystalline solid which is used in numerous industries. It is a cyclic carbonate ester of ethylene glycol. Known for its high dielectric strength, ethylene carbonate ensures safety in the automotive industry. Ethylene carbonate is an essential component in various industries, ranging from oil and gas to plasticizers. Its properties include low friction, heavy load holding, and thermal stability. Moreover, it is also used as a raw material for organic synthesis. Liquid ethylene carbonate is widely used in the production of high density plastics and as an electrolyte for lithium-ion batteries.
Market Dynamics:
Increasing demand for lithium batteries is expected to boost ethylene carbonate market growth. So increasing penetration of electric vehicle will also favor the market growth. According to the International Energy Agency (IEA), after a decade of rapid growth, the global electric car stock reached 10 million units in 2020, a 43% increase over 2019 and a 1% stock share. In 2020, battery-electric vehicles accounted for two-thirds of new electric car registrations and two-third of the stock. Moreover, growing demand from oil and gas and plastic industry is further propelling market growth.
However, the ethylene carbonate market faces certain challenges such as a rise in the health hazards due to its toxicity, this in turn restricting market growth.
Key features of the study:
- This report provides in-depth analysis of the global ethylene carbonate market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global ethylene carbonate market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include BASF SE, Huntsman International LLC, Lixing Chemical, Merck KGaA, Mitsubishi Chemical Corporation, OUCC, Shandong Senjie Cleantech Co. Ltd, Shandong Shida, Shenghua Chemical Group Co. Ltd, Toagosei Co. Ltd, Tokyo Chemical Industry Co. Ltd, Zibo Donghai Industries Co. Ltd., Liaoning Ganglong Chemical Co., Ltd., and Taixing Taida Fine Chemical Co., Ltd
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global ethylene carbonate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ethylene carbonate market
Detailed Segmentation:
- Global Ethylene Carbonate Market By, Application
- Lithium Batteries
- Lubricants
- Medical Products
- Intermediates and Agents
- Other Applications (Photochromic Applications)
- Global Ethylene Carbonate Market By, End-Users Industry
- Automotive
- Pharmaceuticals
- Oil and Gas
- Other End-user Industries (Electrical and Electronics, Personal Care, Agriculture, Construction, and Consumer Goods)
- Global Ethylene Carbonate Market By, Geography
- Asia-Pacific
- North America
- Europe
- South America
- Middle East & Africa
- Company Profiles
- BASF SE
- Huntsman International LLC
- Lixing Chemical
- Merck KGaA
- Mitsubishi Chemical Corporation
- OUCC
- Shandong Senjie Cleantech Co. Ltd
- Shandong Shida Shenghua Chemical Group Co. Ltd
- Toagosei Co. Ltd
- Tokyo Chemical Industry Co. Ltd
- Zibo Donghai Industries Co. Ltd.
- Liaoning Ganglong Chemical Co., Ltd.
- Taixing Taida Fine Chemical Co., Ltd
