The global Ethylene Carbonate market is one of the swiftly growing specialty chemicals with widening applications across end-user industries. The Ethylene Carbonate market report provides analysis, Trends, Growth Opportunities, and market drivers across different forms such as solid form Ethylene Carbonate, Liquid form Ethylene Carbonate, and others. Further, robust market growth prospects of Ethylene carbonate demand in Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, and other industries from 2021 to 2030. In addition, business profiles of leading Ethylene Carbonate companies and market size forecasts of Ethylene Carbonate across 25 countries are provided.
Ethylene Carbonate Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
Ethylene carbonate is widely gaining demand as a high permittivity component of electrolytes in lithium batteries, and with robust market potential for lithium batteries, the demand for ethylene carbonate is increasing rapidly. Further, China, the largest manufacturer of batteries is consuming huge volumes of ethylene carbonate for electric vehicles, supporting the overall market demand.
The global Ethylene Carbonate market size stood at $0.3 billion in 2022. Further, strong end-user industry demand is driving the market outlook. From 2023 to 2030, the Ethylene Carbonate market is likely to register a steady revenue increase at a compounded annual growth rate of 6.53 percent to reach $0.5 billion by 2030.
Ethylene Carbonate Market Trends- High Purity Ethylene Carbonate demand in Lithium Ion batteries supports capacity expansion
Leading companies such as Asahi Kasei are emphasizing developing Ethylene Carbonate of high purity for supply to the Lithium Ion battery industry. The $40 billion global Lithium Ion battery industry is one of the fastest-growing industries with an anticipated CAGR of over 13% from 2021 to 2028. Ethylene Carbonate forms a stable solid electrolyte interface to protect graphite in Lithium Ion batteries. Asahi Kasei signed its first license agreement for manufacturing high-purity ethylene carbonate (EC) and high-purity dimethyl carbonate (DMC) that uses CO2 as feedstock.
Ethylene Carbonate Market Share Analysis- Automotive is the largest end-user industry with a 42.2% market share in Ethylene Carbonate demand
The automotive industry held the largest market share of 42.2% of the Ethylene Carbonate industry size. A strong demand outlook from the automotive industry is encouraging companies such as Huntsman to boost their Ethylene Carbonate capacity to support the long working life of Li-Ion batteries for EVs and electronics industries. Global Electric Vehicle sales are set to increase from 2.8 million in 2021 to over 30 million in 2030.
The automotive application was followed by the industrial sector with a 27% market share. Further, the oil and gas industry accounted for 11.7% of the Ethylene Carbonate market size. Other industries such as personal care and hygiene, healthcare, electronics, textile, and others accounted for the remaining share of the market.
Ethylene Carbonate Market Opportunities- Asia Pacific held the largest market share in Ethylene Carbonate consumption
Asia Pacific is the largest market for Ethylene Carbonate, driven by strong demand from automotive and industrial applications in China, India, and other countries. The leading applications such as lubricants, and lithium batteries are encouraging leading Japanese, Chinese, Taiwanese, and other companies such as Oriental Union Chemical Corp, Asahi Kasei Corp, Mitsubishi Chemical, Toagosei Company, Shandong Shida Shenghua Chemicals, Shandong Senjie Cleantech Company, Taixing Taida Fine Chemical Company Ltd, Panax Etec, Fujifilm Wako Pure Chemical Corp and others.
Ethylene Carbonate Market Segmentation
Types
End User Industry
Application
List of Companies
1. Executive Summary
1.1 Introduction to Ethylene Carbonate Markets
1.2 Ethylene Carbonate Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Ethylene Carbonate Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Ethylene Carbonate Market Trends
3.1.1 Capacity expansion plans in Asia Pacific, Latin America, and other emerging countries
3.1.2 Bio-based plasticizer demand growth supports market volume
3.1.3 Rapid demand growth from multiple end-use industries
3.2 Key Ethylene Carbonate Market Growth Drivers
3.2.1 Automotive is the largest end-user industry with a 42.2% market share in Ethylene Carbonate demand
3.2.2 High-purity Ethylene Carbonate demand in Lithium Ion batteries supports capacity expansion
3.3 Key Ethylene Carbonate Market Growth Restraints
3.3.1 Presence of toxic compounds restricts wider adoption
3.3.2 Raw material price fluctuations result in varying margins
4 Ethylene Carbonate Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Ethylene Carbonate Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Ethylene Carbonate Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Ethylene Carbonate Market Size Outlook to 2030
5. Ethylene Carbonate Market Segmentation- Outlook by Type
5.1 Ethylene Carbonate Market Share Analysis by Type, 2023
5.2 Solid Form Ethylene Carbonate Market Outlook to 2030
5.3 Liquid Form Ethylene Carbonate Market Outlook to 2030
6. Ethylene Carbonate Market Segmentation- Outlook by End-User Industry
6.1 Ethylene Carbonate Market Share Analysis by End-User Industry, 2023
6.2 Automotive: Ethylene Carbonate Market Outlook to 2030
6.3 Industrial: Ethylene Carbonate Market Outlook to 2030
6.4 Oil and Gas: Ethylene Carbonate Market Outlook to 2030
6.5 Personal Care and Hygiene: Ethylene Carbonate Market Outlook to 2030
6.6 Healthcare: Ethylene Carbonate Market Outlook to 2030
6.7 Electronics: Ethylene Carbonate Market Outlook to 2030
6.8 Others
7. Ethylene Carbonate Market Segmentation- Outlook by Application
7.1 Ethylene Carbonate Market Share Analysis by Application, 2023
7.2 Lithium Battery Electrolytes: Ethylene Carbonate Market Outlook to 2030
7.3 Lubricants: Ethylene Carbonate Market Outlook to 2030
7.4 Plasticizers: Ethylene Carbonate Market Outlook to 2030
7.5 Surface Coatings: Ethylene Carbonate Market Outlook to 2030
7.6 Others
8. North America Ethylene Carbonate Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 North America Ethylene Carbonate Market Growth Opportunities
8.2.1 North America Ethylene Carbonate Market Outlook by Type, 2021 to 2030
8.2.2 North America Ethylene Carbonate Market Outlook by Application, 2021 to 2030
8.2.3 North America Ethylene Carbonate Market Outlook by Country, 2021 to 2030
8.3 United States Ethylene Carbonate Market Outlook, 2021 to 2030
8.4 Canada Ethylene Carbonate Market Outlook, 2021 to 2030
8.5 Mexico Ethylene Carbonate Market Outlook, 2021 to 2030
9. Europe Ethylene Carbonate Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Europe Ethylene Carbonate Market Growth Opportunities
9.2.1 Europe Ethylene Carbonate Market Outlook by Type, 2021 to 2030
9.2.2 Europe Ethylene Carbonate Market Outlook by Application, 2021 to 2030
9.2.3 Europe Ethylene Carbonate Market Outlook by Country, 2021 to 2030
9.3 Germany Ethylene Carbonate Market Outlook, 2021 to 2030
9.4 France Ethylene Carbonate Market Outlook, 2021 to 2030
9.5 United Kingdom Ethylene Carbonate Market Outlook, 2021 to 2030
9.6 Spain Ethylene Carbonate Market Outlook, 2021 to 2030
9.7 Italy Ethylene Carbonate Market Outlook, 2021 to 2030
9.8 Other Europe Ethylene Carbonate Market Outlook, 2021 to 2030
10. Asia Pacific Ethylene Carbonate Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Asia Pacific Ethylene Carbonate Market Growth Opportunities
10.2.1 Asia Pacific Ethylene Carbonate Market Outlook by Type, 2021 to 2030
10.2.2 Asia Pacific Ethylene Carbonate Market Outlook by Application, 2021 to 2030
10.2.3 Asia Pacific Ethylene Carbonate Market Outlook by Country, 2021 to 2030
10.3 China Ethylene Carbonate Market Outlook, 2021 to 2030
10.4 Japan Ethylene Carbonate Market Outlook, 2021 to 2030
10.5 India Ethylene Carbonate Market Outlook, 2021 to 2030
10.6 South Korea Ethylene Carbonate Market Outlook, 2021 to 2030
10.7 Indonesia Ethylene Carbonate Market Outlook, 2021 to 2030
10.8 Other Asia Pacific Ethylene Carbonate Market Outlook, 2021 to 2030
11. South and Central America Ethylene Carbonate Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 South and Central America Ethylene Carbonate Market Growth Opportunities
11.2.1 South and Central America Ethylene Carbonate Market Outlook by Type, 2021 to 2030
11.2.2 South and Central America Ethylene Carbonate Market Outlook by Application, 2021 to 2030
11.2.3 South and Central America Ethylene Carbonate Market Outlook by Country, 2021 to 2030
11.3 Brazil Ethylene Carbonate Market Outlook, 2021 to 2030
11.4 Argentina Ethylene Carbonate Market Outlook, 2021 to 2030
11.5 Other Latin America Ethylene Carbonate Market Outlook, 2021 to 2030
12. Middle East and Africa Ethylene Carbonate Market Outlook and Opportunities to 2030
12.1 Market Snapshot, 2023
12.2 Middle East and Africa Ethylene Carbonate Market Growth Opportunities
12.2.1 Middle East and Africa Ethylene Carbonate Market Outlook by Type, 2021 to 2030
12.2.2 Middle East and Africa Ethylene Carbonate Market Outlook by Application, 2021 to 2030
12.2.3 Middle East and Africa Ethylene Carbonate Market Outlook by Country, 2021 to 2030
12.3 Saudi Arabia Ethylene Carbonate Market Outlook, 2021 to 2030
12.4 United Arab Emirates (the UAE) Ethylene Carbonate Market Outlook, 2021 to 2030
12.5 Other Middle East Ethylene Carbonate Market Outlook, 2021 to 2030
12.6 Egypt Ethylene Carbonate Market Outlook, 2021 to 2030
12.7 South Africa Ethylene Carbonate Market Outlook, 2021 to 2030
12.8 Other Africa Ethylene Carbonate Market Outlook, 2021 to 2030
13. Profiles of major world Ethylene Carbonate Companies
13.1 Linde Oriental Union Chemical Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.2 Huntsman Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.3 BASF SE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.4 Mitsubishi Chemical
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.5 Toagosei Co., Ltd
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.6 Asahi Kasei Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.7 New Japan Chemical Co. Ltd
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.8 Shandong Shida Shenghua Chemical Group
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
14. Appendix
14.1 Publisher’s Expertise
14.2 List of Tables and Charts
14.3 List of Exhibits
14.4 Legal Disclaimer
Types
End User Industry
Application
Bio-based plasticizer demand growth supports market volume, Capacity expansion plans in Asia Pacific, Latin American, and other emerging countries, Rapid demand growth from multiple end-use industries, Automotive is the largest end-user industry in Ethylene Carbonate demand, High purity Ethylene, and Carbonate demand in Lithium Ion batteries supports capacity expansion
The global Ethylene Carbonate market size stood at $0.3 billion in 2022.
From 2023 to 2030, the Ethylene Carbonate market is likely to register a steady revenue increase at a compounded annual growth rate of 6.53%.
Linde Oriental Union Chemical Corporation, Huntsman Corporation, BASF SE, Mitsubishi Chemical, Toagosei Co., Ltd, Asahi Kasei Corporation, New Japan Chemical Co. Ltd, Shandong Shida Shenghua Chemical Group, and others
Bio-based plasticizer demand growth supports sales of Ethylene Carbonate