ID: MRFR/CnM/5866-CR | July 2019 | Region: Global | 197 pages
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
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
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.
Geographical analysis
The segmental market classification has focused on some regions, such as:
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.
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
Report Overview
The ethylene carbonate market has a report overview of:
Segmentation Table
Report Attribute/Metric | Details |
---|---|
Market Size |
|
CAGR |
|
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Historical Data | 2019Â &Â 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Application and End-Use |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Huntsman International LLC (US), New Japan Chemical Co., Ltd (Japan), Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), Shandong Senjie Cleantech Co., Ltd (China), Merck KGaA (Germany), Toagosei Co., Ltd (Japan), PANAX ETEC (South Korea), Zibo Donghai Industries Co., Ltd (China), OUCC (China), and Tokyo Chemical Industry Co., Ltd (Japan) |
Key Market Opportunities | The key players are also trying hard to increase their production speeds to meet the public demands for growing their sales. |
Key Market Drivers | The primary key drivers are ethylene carbonate distributors, manufacturers, wholesalers, retailers, governmental organizations, industrial bodies, associations, trade experts, investors and others. |
Frequently Asked Questions (FAQ) :
The Middle East & Africa is the fastest-growing location and generates more market revenue.
The market was little slow down for COVID-19, but now it has taken up the speed.