Ethylene Carbonate Market: Information by Form (Solid and Liquid), Applications (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, Chemical Intermediates, Fiber Processing Agents, Dyes and Others), End-Use Industry (Automotive, Oil & Gas, Textile, Chemical, Medical, Personal Care & Hygiene, Agriculture and Others) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2030

Ethylene Carbonate Market Overview

The Ethylene Carbonate Market has planned to achieve 5.7% CAGR and aimed to achieve its target of the market value of USD 418 Million by the end of the year 2027.

Generally, ethylene carbonate does not have colour in nature, but it is moderately yellowish solid in appearance with a distinct odor. It has a solvent character with higher polarity, high boiling point, high solubility for polymers and no odor. The use of ethylene carbonate is increasing nowadays as it provides low toxicity in nature. The ethylene carbonate market is highly in demand because of its high electrolyte production in lithium-ion batteries by using ethylene carbonate. Moreover, these days’ electric vehicles are prevalent as they provide easy maintenance, cost-effectiveness, fuel efficiency, and reduced fuel costs.

However, the EU’s environmental standards and the US Environmental Protection Agency have set up protective regulations that control CO2 emission in the environment, supporting the demand of ethylene carbonate productions. The introduction of ethylene carbonate products is an excellent option for the key players to grow their business in this field. 

The report has focused on the overall growth and development of the ethylene carbonate market. It has worked on the revenue generation of the ethylene carbonate market. The ethylene carbonate market overview report includes market overview, segmental analysis, and competitive analysis by focusing on various countries' geographical regions.

COVID-19 Impact analysis

The lockdown across the world has affected all the global markets, and among them, this market is one. The pandemic has affected many solvent manufacturing industries because of the new social distancing norms and non-operative chemical factories.

In the present scenario, some relaxations are given in the COVID-19 regulations, and the market is setting up is its vast business in all over the world. The demand for plasticizers, lubricants, and Li-ion batteries is increasing slowly, and very soon, it will succeed in achieving its goal by 2024.  Since the lockdown was for many months, the key drivers need various strategies to improve their business productivity and sales of the ethylene carbonate market. Nowadays, public demand is increasing for more products, and it is growing the ethylene carbonate market demand.

Market dynamics

• Market driving potential
  The ethylene carbonate market growth is mostly depending on the key drivers who give their efforts and strength to strengthen the global market. In this global market, the primary key drivers are ethylene carbonate distributors, manufacturers, wholesalers, retailers, governmental organizations, industrial bodies, associations, trade experts, investors and others.
  Therefore, the top companies are giving their efforts in the advertisement to promote their products and sales in the global market. The companies deliver an online experience to their customers to choose the product by merely sitting comfortably at home. Another strategy was to provide best offers on their products to increase sales.
  
  

• Opportunities for the ethylene carbonate market
  The ongoing COVID-19 has brought many opportunities for the ethylene carbonate market growth. The global market has employed more key employers to enhance their expansion across the world. The introduction of new products like lithium-sulfur batteries is an excellent option for market players to increase their businesses.As a result, the report says that introducing new products has brought a massive change in global market growth.
  The key players are also trying hard to increase their production speeds to meet the public demands for growing their sales.
  
  Marketing restrains
  There are many ups and downs in the global market, according to that the key drivers need to compete with their competitors. The major factor is frequent fluctuation in ethylene carbonate market prices predicted to restrain the global market growth. It is a big concern for many companies to strengthen their business.
  The report mention that the present restraints faced by the global market are COVID-19. The international key drivers faced problem in the manufacturing process and selling process because of the lockdown. However, the global market is growing slowly and steadily to achieve its goal by the forecast period of 2024.

• Challenges for the ethylene carbonate market
  The ethylene carbonate market analysis explains that the global market has risen to the electric vehicle by looking into customer demand. As customer demand increases day by day, the market needs to improve their productions and sales across all regions. It can be a challenging task for the ethylene carbonate market.
  The rapid changes in the cost of the material can be a headache for the global market. The key drivers are giving efforts to make cost-effective products for the ethylene carbonate market uses. The report mentions that the key drivers across the world are working hard on these issues to increase their sales and productions.

• Cumulative growth analysis of the market
  The ethylene carbonate market forecast to achieve 6.35% CAGR by 2024. It is an excellent strategy to grow up the global market. It aimed to meet the market value of USD 427,427.9 thousand by the end of the year 2024.
  The report explains that the cumulative growth analysis is helpful to predict their future productions and sales. The key players play an important role here to develop their global market status.

Value chain analysis

It is essential to understand the ethylene carbonate's values in the global market to increase the growth all over the countries. The ethylene carbonate market trends have divided into different segments like types, applications, regions and others. The global market has aimed to provide useful products and sales to increase the market value by the forecast period of 2024.

The customers have a high demand for using eco-friendly products. According to their needs, the key players have implemented modern methods and technologies to improve their quality product.

Segment overview

• By type:

According to the segmental classifications, the ethylene carbonate has divided into two types such as solid and liquid. These two types include higher polarity, better solubility, higher boiling point, and low toxicity to increases its demand in the global market.

The ethylene carbonate market overview report mentions that the liquid type of ethylene carbonate is expected to reach the CAGR of over 6% during the forecast period. Both types have their quality and functionality, which increases the demand of the ethylene carbonate products and sales.

• By application
  According to the global market's segmental classification, the ethylene carbonate products are vastly used in various applications such as dyes, lithium battery electrolytes, fibre-processing agents, lubricants, chemical intermediates, surface coatings, plasticizers and many others.
  The present report explains that the various applications of the products across the global regions encourage the key drivers to develop their sales and productions.

• By end-use industry
  The ethylene carbonate market has its services in various industries like automotive, textile, oil and gas, chemical, agriculture, personal care and hygiene, medical and many others.
  As a result, the key market players take initiatives to increase their productivity in the global market.

Geographical analysis

The segmental market classification has focused on some regions, such as:

• North America (US, Canada)


• Europe (Germany, France, UK, Italy, Russia, Spain, Belgium, Poland, The Netherlands, and other regions of Europe)


• Latin America (Brazil, Argentina, Mexico and other regions of Latin America)


• Middle East & Africa (Turkey, UAE, Israel, Saudi Arabia, Egypt and other parts of the Middle East & Africa)


• Asia-Pacific (Japan, China, South Korea, Indian, Australia and New Zealand, Malaysia, Indonesia and other parts of Asia-Pacific)

In the ethylene carbonate market, countries like China, India, Indonesia, Australia and New Zealand are the higher contributors to this field. Due to the high demand for the productions in these regions, the ethylene carbonate market has taken up the global market.

Competitive analysis

The ethylene carbonate market has many competitors in the global market. Here some of the significant key player's list, who contribute to the worldwide market.

• OUCC


• Toagosei Co., Ltd


• Mitsubishi Chemical Corporation


• Zibo Donghai Industries Co., Ltd


• ALFA AESAR


• BASF SE Huntsman International LLC


• Merck KGaA


• New Japan Chemical Co., Ltd


• Shandong Senjie Cleantech Co., Ltd


• PANAX ETEC


• Tokyo Chemical Industry Co., Ltd

These key players have more competition in the global field and try to provide their best to the global market. The key players develop their products keeping in mind the customers demand and try to fulfil these demands.

Recent developments

• September 2021- Huntsman Corporation, the Woodlands chemical-maker and a polyurethanes producer in Korea, KPX Chemical, announced a joint venture named KPX Huntsman Polyurethanes Automotive Co. The joint venture will produce and offer polyurethane to Korean automakers from a specialty polyurethane production facility at KPX Chemical's project in Ulsan, South Korea.


• May 2021- A major chemical company based in South Korea, Lotte Chemical, announced manufacturing materials used in electric vehicle batteries via the manufacturing of electrolyte organic solvents by high-purity ethylene oxide facilities. Organic solvents record for over 30 percent of electrolytes; the region has majorly relied on imports. The company said that the board approved the projected investment of 210 billion won, i.e., USD185 million, on building a facility by the second half of 2023, which is expected to produce electrolyte organic solvents such as dimethyl carbonate and ethylene carbonate. Organic solvents aid lithium ions to run effortlessly between anode and cathode.


• In 2018, the automotive segment was the leading segment in the global market for ethylene carbonate product's high use.


• The Middle East & Africa is the fastest-growing location and has the ethylene carbonate market forecast to achieve CAGR of more than 6% by the end of 2024.

Report Overview

The ethylene carbonate market has a report overview of:

• Overview of the market


• COVID 19 impact analysis


• Dynamics of the market


• Value chain analysis


• Market segmentation


• Geographical analysis


• Competitive analysis


• Recent developments

Segmentation Table

• By Type:
  Solid
  liquid

• By application
  dyes,
  lithium battery electrolytes,
  fibre-processing agents,
  lubricants,chemical intermediates,
  surface coatings,
  plasticizers and many others

• By end-use industry
  automotive,
  textile,
  oil and gas,
  chemical,
  agriculture,
  personal care and hygiene,
  medical and many others