Alkylene Carbonates Market Research Report- Forecast to 2030

Alkylene Carbonates Market Information - by Type (Ethylene Carbonate, Propylene Carbonate, Glycerine Carbonate), by End Use Industry (Paints & Coatings, Agriculture, Textiles & Fabrics, Cosmetics & Personal Care, and Others) and by Region- Forecast till 2030

ID: MRFR/CnM/2649-HCR | February 2021 | Region: Global | 137 pages

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Alkylene Carbonates Market Overview

Alkylene 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.


On the basis of region, Alkylene Carbonates Market segmentation includes its current and estimated demand in Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. Regionally, Asia Pacific is set to witness exponential growth within the forecast period due to increasing demand from paints & coatings, cosmetics & personal care industries. Ethylene Carbonate is used as a component in paints & coating, thus widely used in construction industry. Growth of Asia Pacific region is driven by the growth of construction industry. Also, usage of Alkylene Carbonate in lubricants and agrochemical-market-749'>agrochemical has proven as a major driver for this market.

List of Key Players in Alkylene Carbonates Market Overview


The prominent players operating in the Alkylene Carbonates Market include 



  • 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)


Global Alkylene Carbonates Market Share by End Use Industry (2016), (%):

                                                                                    Alkylene Carbonates Market


Regional Analysis:



Asia Pacific is expected to be the fastest growing region within the forecast period owing to the rising demand for cosmetic & personal care products among the increasing population. Growth of manufacturing bases for paints & coatings, textile & fabrics, and personal care is expected to drive the market growth. Growth is mainly observed in India and China due to the rising in industrialization coupled with high disposable income.
 

The share of Alkylene Carbonate is expected to grow owing to the stringent regulations imposed by various nations such as Europe and North America to prevent volatile organic compounds emission in the atmosphere. Increasing number of initiatives being taken up by environmental agencies specifically in U.S, France, and Germany on usage of environmental friendly solvents is driving its consumption in coating industry.

Segmentation:


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.


Geographical Analysis:


The report covers brief analysis of geographical regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. 

Recent Development

June 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
:



  • To provide detailed analysis of the market structure along with forecast for the next seven years of various segments and sub-segments of the Global Alkylene Carbonates Market.

  • To understand the supply and demand dynamics including supply and consumption concentration mapping.

  • To provide region level market analysis and future outlook for regions like North America, Europe, Asia, and Latin America, Middle East & Africa, and their countries.

  • To provide competitor positioning of the market.

  • To provide company profiling of major players in the market along with their production and capacity.

  • To provide regional trade analysis.

  • To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market.                                


Intended Audience:



  • Alkylene Carbonates manufacturers

  • Traders and distributors of alkylene carbonates

  • Production process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   3.25%
  Base Year   2021
  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

  • Low volatile organic content (VOC)
  • Low toxicity
  • Readily biodegradable
  • High boiling point
  •   Key Market Drivers   Usage of Alkylene Carbonate in lubricants and agrochemical-market


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    Frequently Asked Questions (FAQ) :

    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.