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Ethylene Carbonate Market Size and Value Projections for the Coming Decade

Ethylene Carbonate Market Size and Value Projections for the Coming Decade

The recent “Ethylene Carbonate Market” report by Report Ocean gathers insights and assessments through genuine consultations with key stakeholders, including CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors. This comprehensive study aims to thoroughly examine the global industry, target market, competition, and various influencing factors. Ask for Free Sample Report

The report on the “Ethylene Carbonate Market” conducts a data-driven quantitative analysis of the relevant industry. It utilizes research based on public records to identify significant patterns. Additionally, it provides predictions for the market sector’s growth between 2024 and 2032. The research primarily focuses on major global market manufacturers, analyzing sales volume, rates, competitive aspects, market share, and development strategies up to 2032.

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Global Ethylene Carbonate Market Analysis and Growth Forecast:

The global ethylene carbonate market held a market value of USD 287.9 Million in 2020 and is forecasted to reach USD 450.5 Million by the year 2027. The market is expected to grow at a CAGR of 6.6% over the forecast period. The market volume in 2020 was around 240,250.6 tonnes.

Ethylene carbonate is an organic compound having a formula (CH2O)2CO. The compound is classified as a cyclic carbonate ester of carbonic acid and ethylene glycol. The market is expected to be driven by the increasing demand for ethylene carbonate in lithium-ion electrolytes and significant industrial growth in Asia Pacific. Furthermore, emergence of lithium-sulfur batteries is expected to offer lucrative opportunities to the market growth.

The market is expected to be negatively hampered owing to the volatile raw material prices. Also, fluctuating oil and gas prices are estimated to pose as a threat to the market growth. Shutdown of ethylene carbonate facilities during the COVID-19 pandemic resulted in declining revenues of market players.

Competitive Landscape

Key players operating in the global ethylene carbonate market include BASF SE, Huntsman International LLC, Lixing Chemical, Merck KGaA, Mitsubishi Chemical Corporation, New Japan Chemical Co., Ltd, OUCC, PANAX ETEC, Parchem Fine & Specialty Chemicals, Shandong Senjie Cleantech Co., Ltd., Sigma-Aldrich, Inc., TOAGOSEI CO., LTD., Tokyo Chemical Industry Co., Ltd, Wego Chemical Group, and Zibo Donghai Industries Co., Ltd., among others.

The approximate market share of the five major players is close to 64%. These market players are involved in new product launches, partnerships, mergers & acquisitions to strengthen their market presence. For instance, in August 2021, BASF SE collaborated with SINOPEC for expansion of their Verbund site which is operated by BASF-YPC Co. Ltd, China. The partnership is set to expand capacities of various downstream chemical plants for supporting the market in China.

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Growth Influencers:

Increasing demand for ethylene carbonate in lithium-ion electrolytes

Ethylene carbonate is increasingly being used in manufacturing of lithium-ion electrolytes. Since, the demand for lithium-ion electrolytes is growing rapidly as it is used in electric vehicles and their demand is also rising. This is due to growing awareness regarding environmental issues and its widespread use, especially in countries such as Japan, Germany, China, the UK, the United States, and France. Abovementioned factors are expected to increase the demand for ethylene carbonate in lithium-ion electrolytes.

Significant industrial growth in Asia Pacific

Ethylene carbonate is used in various industries, such as chemicals, healthcare & pharmaceuticals, textile, oil & gas, agriculture, and personal care & hygiene, among others. Most of these industries are tremendously growing in the Asia Pacific region, especially in countries such as India, Japan, and China, among others. Therefore, significant industrial growth in Asia Pacific region is expected to fuel the market growth during the forecast period.

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Segments Overview:

The global ethylene carbonate market is classified into grade, form, industry, and application.

By Form,
Solid
Liquid

The liquid segment is expected to surpass a market volume of 113,600 tonnes by 2025. The solid segment is also expected to witness significant growth owing to the increasing use of solid ethylene carbonate as solvent in production of lubricants.

By Grade,
Battery Grade
Industry Grade

The industry grade segment is estimated to hold the largest market share owing to its high adoption in various industries. The battery grade segment is anticipated to witness the fastest growth rate due to its increasing demand for ethylene carbonate for manufacturing lithium ion batteries.

By Application,
Lithium Battery Electrolytes
Capacitor Electrolytes
Resist Strip Solvents
Fiber Processing Agents
Lubricants
Soil Hardening Agents
Organic Solvents
Plasticizers
Surface Coatings
Chemical Intermediates
Dyes
Others

The lubricants segment is estimated to hold the largest value share of about 32% owing to its rising usage in oil & gas and automotive. The fiber processing agents segment is expected to witness the fastest growth rate of 8% by volume owing to the growing demand for ethylene carbonate for manufacturing fiber processing agents. The chemical intermediates segment is anticipated to surpass a market volume of around 16,234.6 tonnes by 2027.

By Industry,
Healthcare & Pharmaceuticals
Chemicals
Oil & Gas
Textile
Personal Care & Hygiene
Agriculture
Others

The healthcare and pharmaceuticals segment held the largest volume share of around 45% owing to growing usage of ethylene carbonate in the healthcare and pharmaceuticals segment. The oil and gas segment is estimated to surpass a market volume of 41,600 tonnes in 2025 as the compound is increasingly being used for production of lubricants.

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Regional Overview

On a regional basis, the global Ethylene carbonate market is classified into Europe, North America, Asia Pacific, Middle East & Africa, and South America.

The Asia Pacific region is expected to hold the dominant share of about 50% owing to the rapidly growing industrial segment in the region. The European region is also expected to witness significant growth during the forecast period.

The North American region is estimated to hold the second largest market share owing to the presence of major companies in the region. The South America and Middle East & Africa regions are also anticipated to witness significant growth.

The global Ethylene carbonate market report provides insights on the below pointers:

Market Penetration: Provides comprehensive information on the market offered by the prominent players

Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets

Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments

Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Ethylene carbonate market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.

Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The global Ethylene carbonate market report answers questions such as:

  • What is the market size and forecast of the Global Ethylene carbonate Market?
  • What are the inhibiting factors and impact of COVID-19 on the Global Ethylene carbonate Market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the Global Ethylene carbonate Market?
  • What is the competitive strategic window for opportunities in the Global Ethylene carbonate Market?
  • What are the technology trends and regulatory frameworks in the Global Ethylene carbonate Market?
  • What is the market share of the leading players in the Global Ethylene carbonate Market?
  • What modes and strategic moves are considered favorable for entering the Global Ethylene carbonate Market?

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Report Components

Market Synopsis: This section encapsulates the present market scenario and outlines the industry’s scope. It includes a comprehensive analysis of key segments such as product types, applications, and regions, with revenue and sales forecasts provided as part of this overview.

Competitive Landscape: Illuminating the market’s competitive terrain, this section presents an in-depth analysis of manufacturers, offering insights into individual players’ revenue and sales figures. Additionally, it encompasses noteworthy details on mergers, acquisitions, and industry investments.

Regional Analysis: Providing an overview of market revenue, sales, and shares across major regions and sub-regions, this segment also explores the pricing structure, sales growth rate, and other crucial estimations.

Company Profiles: This section provides strategic business insights about key firms operating within the market landscape. It covers product specifications, revenue shares, and portfolios of these major companies.

The Analysis Objectives of the Report are:

To determine the size of the Market by identifying its sub-segments.

To research the key players and analyze their growth strategies.

To assess the size and value of the Market based on key regions.

To analyze the Market in terms of growth trends, potential, and participation in the overall sector.

To investigate the Market size (volume and value) from the company, key regions/countries, goods and applications, and background data.

Primary Market manufacturers to specify, clarify, and analyze the product sales volume, value, market share, market rivalry landscape, SWOT analysis, and future development plans.

To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.

What is new in 2024?

– Major developments that can change the business landscape as well as market forecasts.

– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

– Coverage of new market players and change in the market share of existing players of the market.

– Updated financial information and product portfolios of players operating in the market.

– Updated market developments of the profiled players.

– Any new data points/analysis (frameworks) which was not present in the previous version of the report

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