Ethylene Carbonate Market Size Worth $1,356.82 Million by 2030 | CAGR: 13.7%

The global ethylene carbonate market size is expected to reach USD 1,356.82 million by 2030 according to a new study by Polaris Market Research. The report “Ethylene Carbonate Market Share, Size, Trends, Industry Analysis Report, By Application (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings); By Form; By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing applications of lithium-ion batteries and the massive consumption of electric vehicles have increased the demand for ethylene carbonate. The utilization of the product is growing day by day due to its crucial properties, such as low toxicity, high electrolyte production, high quality, low impurity, and low moisture level.

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The automotive sector has resulted in growing lubricants demand, showing a steep growth in the product demand. Due to their applications, including lightweight and less charging time, which makes them more crucial than conventional lead batteries, they are utilized in electric vehicles.

Due to its various applications in several end-use industries such as automotive, oil & gas, medical, and others it is used for several production and manufacturing processes. It is also used as a plasticizer and a vinylene carbonate precursor, with polymers and organic synthesis applications.

Ethylene Carbonate Market Report Highlights

• Based on the form, the industry is segmented as solid and liquid, in which the solid is accounted for the largest revenue share due to its applications in several end-use industries.
• In its solid form, it is used in solid capacitor electrolytes, medical products, soil hardening agent, and others, and it act as an additive in the production of soldering fluxes, cosmetics and pharmaceutical sectors.
• Based on applications, the market has been segmented into, lubricants, plasticizers, lithium battery electrolytes, and surface coatings, in which the lubricant segment dominates the demand as it is used as a raw material for the production of the same.
• Due to many governmental laws and regulations, the usage of electric vehicles has increased, decreasing the risk of pollution, which has led the increase in production and sales of lithium-ion batteries, which have driven the growth in the automotive sector.
• For safety and prevention from electric shock, the utilization of ignition cable sets, spark plugs, and battery terminals have increased, augment the demand growth.
• As Asia Pacific is the leader in the production of lithium-ion battery electrolytes with EV lithium-ion batteries, it is projected for the largest revenue share and is supposed to grow in the coming period too.
• The global industry is highly competitive owing to the existence of large industry players with global presence Alchem Chemical Company, Alfa Aesar, Asahi Kasei, BASF, Empower Materials, Fujifilm Wako Pure Chemical Corporation, Huntsman, Liaoning Oxiranchem Inc., Linde Oriental Union Chemical Corporation, Mitsubishi Chemical, New Japan Chemical Co., Otto Chemie Pvt Ltd, Panax Etec, Parsol Chemicals Pvt. Ltd, RX Marine International.

Polaris Market Research has segmented the Ethylene carbonate market report based on form, application, end use and region:

Ethylene Carbonate, Form Outlook (Revenue - USD Million, 2018 - 2030)

• Solid
• Liquid

Ethylene Carbonate, Application Outlook (Revenue - USD Million, 2018 - 2030)

• Lithium Battery Electrolytes
• Lubricants
• Plasticizers
• Surface Coating

Ethylene Carbonate, End-Use Outlook (Revenue - USD Million, 2018 - 2030)

• Automotive
• Industrial
• Medical
• Oil & Gas
• Personal Care and Hygiene

Ethylene Carbonate, Regional Outlook (Revenue - USD Million, 2018 - 2030)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa