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US Propylene Carbonate Market

ID: MRFR/CnM/18704-HCR
111 Pages
Chitranshi Jaiswal
October 2025

US Propylene Carbonate Market Research Report By Form (Pellet, Aqueous, Film, Others) and By Application (Solvent, Binders and adhesives, Coatings, Lithium-ion batteries, Textile dyeing, Others) - Forecast to 2035

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US Propylene Carbonate Market Infographic
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US Propylene Carbonate Market Summary

As per analysis, the US propylene carbonate market is projected to grow from USD 70.91 Million in 2024 to USD 74.49 Million in 2025, ultimately reaching USD 121.91 Million by 2035, exhibiting a compound annual growth rate (CAGR) of 5.05% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US propylene carbonate market is experiencing a notable shift towards sustainability and technological innovation.

  • The solvent segment remains the largest contributor to the propylene carbonate market, driven by its extensive use in coatings and adhesives.
  • The electrolyte segment is currently the fastest-growing, reflecting increasing demand in battery applications, particularly in the electronics sector.
  • In the automotive sector, propylene carbonate is widely utilized, while the electronics sector is emerging as the fastest-growing area for this chemical.
  • Key market drivers include the growing demand in coatings and adhesives, alongside a rising interest in green chemistry, which is shaping the market landscape.

Market Size & Forecast

2024 Market Size 70.91 (USD Million)
2035 Market Size 121.91 (USD Million)
CAGR (2025 - 2035) 5.05%

Major Players

BASF SE (DE), Mitsubishi Chemical Corporation (JP), Solvay SA (BE), Huntsman Corporation (US), Eastman Chemical Company (US), LyondellBasell Industries N.V. (NL), Shin-Etsu Chemical Co., Ltd. (JP), Kraton Corporation (US)

US Propylene Carbonate Market Trends

The US propylene carbonate market is currently experiencing a notable evolution, driven by various factors that influence its demand and application. This solvent, recognized for its versatility, finds utility in numerous sectors, including coatings, adhesives, and personal care products. The increasing emphasis on environmentally friendly materials appears to be steering manufacturers towards propylene carbonate, as it is derived from renewable resources and is less toxic compared to traditional solvents. Furthermore, the regulatory landscape in the United States is becoming increasingly stringent, prompting industries to seek safer alternatives, which may bolster the market's growth. In addition, the rise of electric vehicles and the associated demand for battery technologies could potentially enhance the consumption of propylene carbonate, as it is utilized in electrolyte formulations. The market dynamics suggest a shift towards sustainable practices, with companies likely to invest in research and development to innovate and improve product offerings. As the US propylene carbonate market continues to adapt to these trends, stakeholders may need to remain vigilant and responsive to changing consumer preferences and regulatory requirements.

Sustainability Focus

The US propylene carbonate market is witnessing a pronounced shift towards sustainability. Manufacturers are increasingly prioritizing eco-friendly practices, which aligns with the growing consumer demand for greener products. This trend is likely to drive innovation in production processes, emphasizing the use of renewable resources and reducing environmental impact.

Regulatory Compliance

The evolving regulatory framework in the United States is significantly influencing the US propylene carbonate market. Stricter regulations regarding chemical safety and environmental protection are compelling companies to adopt safer alternatives. This compliance-driven approach may lead to increased adoption of propylene carbonate across various industries.

Technological Advancements

Technological innovations are playing a crucial role in shaping the US propylene carbonate market. Advances in production techniques and applications are enhancing the efficiency and effectiveness of propylene carbonate in various sectors. This trend suggests that ongoing research and development efforts could further expand its market presence.

Market Segment Insights

By Application: Solvent (Largest) vs. Electrolyte (Fastest-Growing)

In the US propylene carbonate market, the application segment is notably diverse, with solvents commanding the largest share. Following closely are electrolytes, plasticizers, coatings, and cleaning agents, each contributing to a robust market landscape. Solvents are favored for their versatility in various industrial applications, which solidifies their dominant position. Electrolytes, particularly in battery technologies, are gaining traction as more manufacturers adopt advanced energy storage solutions, signaling a shift in market dynamics.

Solvent (Dominant) vs. Electrolyte (Emerging)

Solvents stand out as the dominant application in the US propylene carbonate market, attributed to their widespread use in industries such as pharmaceuticals, cosmetics, and adhesives. Their effectiveness in dissolving various compounds makes them invaluable. On the other hand, electrolytes are emerging rapidly, driven by the growth of electric vehicles and renewable energy sectors. The push towards cleaner technologies and enhanced battery performance showcases the potential for propylene carbonate in this arena. Both segments exhibit unique characteristics, with solvents maintaining a traditional stronghold, while electrolytes are capturing attention for future advancements.

By End Use: Automotive (Largest) vs. Electronics (Fastest-Growing)

In the US propylene carbonate market, the end-use segment is characterized by diverse applications across various industries. Notably, the automotive sector holds the largest share, driven by the demand for solvents and chemical intermediates in automotive manufacturing. Meanwhile, the electronics segment, although smaller in comparison, is witnessing rapid growth due to the increasing need for high-purity solvents in electronic applications, such as in the production of circuit boards and semiconductors.

Automotive: Dominant vs. Electronics: Emerging

The automotive industry dominates the US propylene carbonate market due to its extensive use in manufacturing processes, where the chemical serves as a solvent and cleaning agent. This sector benefits from the ongoing trends in automotive innovation, where high-performance materials are essential. In contrast, the electronics sector, while emerging, is rapidly gaining traction owing to the surge in electronic device manufacturing and increasing demand for eco-friendly solvents. The compatibility of propylene carbonate with various materials and its low environmental impact make it an attractive option in this fast-paced industry, positioning it as a key player with significant growth potential.

By Formulation Type: Aqueous (Largest) vs. Non-Aqueous (Fastest-Growing)

In the US propylene carbonate market, the formulation types exhibit distinct market shares. The Aqueous segment stands out as the largest contributor, leveraged by its widespread application across various industries due to environmental compliance and safety considerations. In contrast, the Non-Aqueous formulation has been gaining traction, characterized by its versatility and effectiveness in specialized applications, which has made it increasingly popular among manufacturers striving for innovation and performance enhancement. As market dynamics evolve, growth trends indicate a significant upsurge in the Non-Aqueous formulation segment, driven by technological advancements and the rising demand for high-performance solutions in sectors such as pharmaceuticals and electronics. The emphasis on sustainable practices is also influencing the market, as companies seek to balance performance with environmental impact. This trend is expected to create favorable conditions for continued growth in the Non-Aqueous segment, while the Aqueous formulation remains a staple in traditional applications.

Aqueous (Dominant) vs. Emulsion (Emerging)

The Aqueous formulation in the US propylene carbonate market serves as a dominant choice due to its established safety profile, regulatory compliance, and suitability for a range of end-use applications. It is favored in industries such as coatings and cleaning products, where non-toxic and environmentally friendly properties are crucial. Conversely, the Emulsion segment is emerging as a notable contender, as manufacturers innovate to develop stable emulsified products that cater to specialized applications. With the pushing demand for eco-friendly solutions, Emulsion applications are on the rise, offering promising functionalities that combine the benefits of various components, creating products that meet the complex needs of modern industry and consumer preferences.

By Distribution Channel: Direct Sales (Largest) vs. Online Sales (Fastest-Growing)

In the US propylene carbonate market, the distribution channel segment is marked by a varied landscape of sales strategies. Direct sales represent the largest share, attributed to established relationships between manufacturers and their end-users, enhancing trust and direct service. Distributors also play a critical role, acting as intermediaries that offer localized access to propylene carbonate, although their share is continually challenged by changes in market dynamics toward more streamlined approaches.

Direct Sales (Dominant) vs. Online Sales (Emerging)

Direct sales in the US propylene carbonate market command significant influence, as they provide direct access to manufacturers and enhance customer loyalty through personalized service and technical support. In contrast, online sales have surged as an emerging channel, driven by the increasing digitalization of purchasing processes and the preferences of a new generation of buyers. Online platforms offer convenience and broader access to products, appealing to a wider customer base. This shift is also supported by the growing e-commerce trends, where consumers expect reliable and quick access to chemical supplies. Together, these channels highlight a pivotal shift in distribution strategies, with direct sales maintaining dominance while online sales are rapidly gaining traction.

By Physical State: Liquid (Largest) vs. Solid (Fastest-Growing)

In the US propylene carbonate market, the physical state segment showcases a clear distribution among liquid, solid, and gas states. Liquid propylene carbonate holds the largest share, benefiting from its widespread application across various industries including electronics, automotive, and pharmaceuticals. Conversely, solid propylene carbonate is emerging as the fastest-growing segment, gaining traction due to increasing demand for efficient storage and transportation solutions. The gas state remains a niche market, primarily utilized in specialized applications.

Physical State: Liquid (Dominant) vs. Solid (Emerging)

The liquid state of propylene carbonate is characterized by its high versatility and range of applications, making it the dominant form in the market. Its physical properties allow for easy blending and use in various formulations, particularly in solvents and electrolytes. In contrast, solid propylene carbonate is witnessing rapid growth as industries seek sustainable solutions and improved processing methods. The shift towards solid formulations is driven by their enhanced stability and ease of handling, catering to sectors looking for more reliable and efficient alternatives.

Get more detailed insights about US Propylene Carbonate Market

Key Players and Competitive Insights

The propylene carbonate market exhibits a dynamic competitive landscape characterized by a blend of innovation, strategic partnerships, and regional expansion. Key players such as BASF SE (Germany), Huntsman Corporation (US), and Eastman Chemical Company (US) are actively shaping the market through their distinct operational focuses. BASF SE (Germany) emphasizes sustainability and innovation, investing in eco-friendly production methods, which aligns with the growing demand for sustainable solvents. Huntsman Corporation (US) has adopted a strategy of vertical integration, enhancing its supply chain efficiency while expanding its product offerings. Eastman Chemical Company (US) is focusing on digital transformation, leveraging advanced technologies to optimize its manufacturing processes and improve product quality. Collectively, these strategies contribute to a competitive environment that is increasingly driven by sustainability and technological advancement.

The business tactics employed by these companies reflect a concerted effort to localize manufacturing and optimize supply chains. The market structure appears moderately fragmented, with several players vying for market share while also collaborating on various initiatives. This fragmentation allows for a diverse range of products and innovations, yet the influence of major players remains significant, as they set industry standards and drive technological advancements.

In November 2025, BASF SE (Germany) announced the launch of a new line of bio-based propylene carbonate, which is expected to reduce carbon emissions by 30% compared to traditional methods. This strategic move not only enhances BASF's product portfolio but also positions the company as a leader in sustainable chemical solutions, appealing to environmentally conscious consumers and industries.

In October 2025, Huntsman Corporation (US) completed the acquisition of a specialty chemical manufacturer, which is anticipated to bolster its capabilities in producing high-performance propylene carbonate. This acquisition is strategically important as it allows Huntsman to expand its market reach and enhance its product offerings, thereby increasing its competitive edge in the market.

In September 2025, Eastman Chemical Company (US) unveiled a new digital platform aimed at streamlining its supply chain operations. This initiative is likely to improve operational efficiency and reduce lead times, thereby enhancing customer satisfaction. The integration of digital technologies into Eastman's operations reflects a broader trend within the industry towards digitalization and operational excellence.

As of December 2025, the competitive trends in the propylene carbonate market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies such as AI. Strategic alliances among key players are shaping the landscape, fostering innovation and collaboration. The shift from price-based competition to a focus on technological differentiation and supply chain reliability is evident, suggesting that future competitive advantages will hinge on innovation and sustainable practices rather than merely cost leadership.

Key Companies in the US Propylene Carbonate Market market include

Industry Developments

Recent developments in the US Propylene Carbonate Market have indicated a growing demand for eco-friendly solvents, with companies like Dow Chemical expanding their production capacities to meet this trend. As of October 2023, BASF and Mitsubishi Chemical also focused on enhancing their sustainability efforts, thus increasing the utilization of propylene carbonate in battery electrolyte applications, especially for electric vehicles. Despite a challenging economic backdrop, growth in market valuation has been marked, reflecting shifts towards greener alternatives. Over the past few years, mergers and acquisitions have also influenced the market dynamics.

Notably, in June 2022, LyondellBasell Industries announced the acquisition of a chemical plant that specializes in propylene derivatives, enhancing their portfolio. Meanwhile, companies like SABIC and Eastman Chemical are continuously investing in Research and Development to innovate new applications for propylene carbonate in consumer products and pharmaceuticals. The increasing interest in renewable resources has further solidified the position of leading players like Solvay and Huntsman Corporation in the US market, underlining a shift towards sustainable industrial practices. Overall, the US Propylene Carbonate Market reflects significant transformations driven by demand for environmentally friendly solutions and advancements in chemical manufacturing technology.

Future Outlook

US Propylene Carbonate Market Future Outlook

The US propylene carbonate market is projected to grow at a 5.05% CAGR from 2024 to 2035, driven by increasing demand in pharmaceuticals, cosmetics, and green solvents.

New opportunities lie in:

  • Expansion into bio-based propylene carbonate production facilities.
  • Development of customized propylene carbonate formulations for niche applications.
  • Strategic partnerships with pharmaceutical companies for exclusive supply agreements.

By 2035, the market is expected to solidify its position as a key player in sustainable chemical solutions.

Market Segmentation

US Propylene Carbonate Market End Use Outlook

  • Automotive
  • Electronics
  • Pharmaceuticals
  • Cosmetics
  • Agriculture

US Propylene Carbonate Market Application Outlook

  • Solvent
  • Electrolyte
  • Plasticizer
  • Coating
  • Cleaning Agent

US Propylene Carbonate Market Physical State Outlook

  • Liquid
  • Solid
  • Gas

US Propylene Carbonate Market Formulation Type Outlook

  • Aqueous
  • Non-Aqueous
  • Emulsion
  • Suspension

US Propylene Carbonate Market Distribution Channel Outlook

  • Direct Sales
  • Distributors
  • Online Sales
  • Retail

Report Scope

MARKET SIZE 202470.91(USD Million)
MARKET SIZE 202574.49(USD Million)
MARKET SIZE 2035121.91(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.05% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledBASF SE (DE), Mitsubishi Chemical Corporation (JP), Solvay SA (BE), Huntsman Corporation (US), Eastman Chemical Company (US), LyondellBasell Industries N.V. (NL), Shin-Etsu Chemical Co., Ltd. (JP), Kraton Corporation (US)
Segments CoveredApplication, End Use, Formulation Type, Distribution Channel, Physical State
Key Market OpportunitiesGrowing demand for sustainable solvents in the US propylene carbonate market presents significant opportunities.
Key Market DynamicsRising demand for sustainable solvents drives innovation and competition in the US propylene carbonate market.
Countries CoveredUS

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FAQs

What is the expected market size of the US Propylene Carbonate Market in 2024?

The US Propylene Carbonate Market is expected to be valued at 72.0 million USD in 2024.

What is the projected market size for the US Propylene Carbonate Market by 2035?

By 2035, the US Propylene Carbonate Market is projected to reach a value of 130.0 million USD.

What is the expected compound annual growth rate (CAGR) for the US Propylene Carbonate Market from 2025 to 2035?

The expected CAGR for the US Propylene Carbonate Market from 2025 to 2035 is 5.518%.

Who are the major players in the US Propylene Carbonate Market?

Key players in the US Propylene Carbonate Market include Dow Chemical, BASF, Mitsubishi Chemical, and LyondellBasell Industries.

What is the market value for the Pellet form of Propylene Carbonate in 2024?

The market value for the Pellet form of Propylene Carbonate is expected to be 20.0 million USD in 2024.

How much is the Aqueous form of Propylene Carbonate expected to be valued at in 2035?

In 2035, the Aqueous form of Propylene Carbonate is expected to be valued at 45.0 million USD.

What market size is projected for the Film form of Propylene Carbonate by 2035?

The Film form of Propylene Carbonate is projected to reach 27.0 million USD by 2035.

What challenges does the US Propylene Carbonate Market currently face?

The US Propylene Carbonate Market currently faces challenges such as fluctuating raw material prices and environmental regulations.

What are the key applications driving growth in the US Propylene Carbonate Market?

Key applications driving growth in the US Propylene Carbonate Market include solvents, electrochemical applications, and specialty chemicals.

Which form of Propylene Carbonate is expected to see the highest growth rate from 2025 to 2035?

The Aqueous form of Propylene Carbonate is expected to see the highest growth rate from 2025 to 2035.

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