Alkylene Carbonates Market OverviewAlkylene Carbonates are cyclic esters of carbonic acid. Alkylene Carbonates are used in various formulations which include emulsifiable concentrates (EC), microemulsifiable concentrates (MEC), concentrated emulsions, suspoemulsions, and microemulsions. They possesses various properties such as low volatile organic content (VOC), low toxicity, readily biodegradable, high boiling point, low- odour, all these properties make them excellent solvent choice.
The prominent players operating in the Alkylene Carbonates Market include
The Global Alkylene Carbonates Market is segmented on the basis of type, end use industry and region. Based on the type, market is segmented into ethylene carbonate, propylene carbonate, and glycerine carbonate. Based on end use industry, the market is categorized into paints & coatings, agriculture, textiles & fabrics, cosmetics & personal care, and others. Based on region, this market is segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.
The report covers brief analysis of geographical regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Recent DevelopmentJune 2021 - By mid-2023, Huntsman Corporation's Performance Products business plans to greatly expand its current capacity for ULTRAPURE Ethylene Carbonate at its Conroe, Texas facility. Huntsman has witnessed considerable growth in ULTRAPURE Ethylene Carbonate in recent years, which may be attributed to the evolution of electric vehicles and the localization of lithium-ion battery manufacture. Huntsman has launched a range of new high-purity Ethylene Carbonate grades for EV battery applications to address this rising demand. This capacity expansion will take advantage of our position as the only US producer of cyclic carbonates and assist the rapid growth of the lithium-ion battery markets for electric vehicles in the United States and Europe. Huntsman introduced new high-purity grades of ULTRAPURE Ethylene Carbonate as demand for EV applications grew in recent years.Study Objectives:
|Market Size||2030: Significant value|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, End-Use Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||BASF SE (Germany), Huntsman International LLC (U.S.), Sigma-Aldrich Co. LLC. (U.S), Mitsubishi Chemical Corporation (Japan), Tongling Jintai Chemical Industrial Co. Ltd (China), Alfa Aesar (U.S.), Qingdao Shinda Chemical Co., Ltd. (China) and others.|
|Key Market Opportunities||
|Key Market Drivers||Usage of Alkylene Carbonate in lubricants and agrochemical-market|
Cyclic esters of carbonic acid, alkylene carbonates are used in various formulations including emulsifiable concentrates (EC), concentrated emulsions, microemulsifiable concentrates (MEC), microemulsions, and suspoemulsions.
Ethylene carbonate, glycerine carbonate, and propylene carbonate are the main types of alkylene carbonates, which are majorly used in end-use industries such as paints & coatings, agriculture, textiles & fabrics, and cosmetics & personal care.
Rise in the global economy that increases per capita disposable income.
Asia Pacific holds the largest share in the global alkylene carbonates market, followed by Europe and North America, respectively.
Mitsubishi Chemical Corporation (Japan), Huntsman International LLC (US), BASF SE (Germany), Alfa Aesar (US), Tongling Jintai Chemical Industrial Co. Ltd (China), Sigma-Aldrich Co. LLC. (US), and Qingdao Shinda Chemical Co. Ltd. (China), are some of the major players operating in the alkylene carbonates market.