Global Ethylene Carbonate Market to reach USD 409.05 million by 2027. Global Ethylene Carbonate Market is valued approximately USD 273.84 million in 2020 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2021-2027. Ethylene carbonate is a highly polar solvent and dissolves large amount of electrolyte. It features high boiling point, low toxicity, no odor, and high solubility for polymers. It is usually used as a solvent for lubricants, as a cross-linking agent, in separation of gas washing process and oil filed, as an intermediate in the synthesis of polycarbonate diol as well as for lithium-ion batteries and as a coolant in automotive industry. Above mentioned advantages, coupled with increased usage in end-use industries of automotive and oil & gas, are driving the Ethylene Carbonate market. The rise of automotive industry, especially the advent of electric vehicles across nations, is propelling the growth of Ethylene Carbonate market. International Labor organization reports that the global EV sales exceeded 5.1 million units in, increasing by 2 million units from 2017. In Europe and the United States, sales improved to 385,000 and 361,000 EVs, respectively in 2017-18. China retailed nearly 1.1 million EVs and had 2.3 million active electronic vehicles, making it the major EV market in the world in 2018. The COVID-19 pandemic has affected the supply side of ethylene carbonates. This may act as a restraint for its growth in short-term. The raw material prices too depend upon the price of crude oil. However, increased use of lithium-ion battery in the future in electronics and automotive acts as an opportunity for Ethylene Carbonate Market in subsequent decade.
Key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World are analysed to provide a holistic picture of Ethylene Carbonate Market. Due to thriving automotive sector as well as higher per capita income, North America has emerged as a significant region across the world in terms of market share. Whereas, Asia-Pacific is expected to exhibit highest growth rate for the forecast period 2021-2027 owing to the growing demand from end-use industries. Rising disposable will also boost growth in this region.
Major market player included in this report are:
Oriental Union Chemical Corp
BASF SE
Mitsubishi Chemical Holdings
Huntsman Corporation
Toagosei
Asahi Kasei
New Japan Chemical Co. Ltd.
Zibo Donghai Industries Co. Ltd.
Shandong Shida Shenghua Chemical Group
Shandong Senjie Cleantech Co. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Plasticizers
Surface Coatings
Lithium Battery Electrolytes
Others
By End-use:
Automotive
Oil & Gas
Personal Care & Hygiene
Industrial
Medical
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Ethylene Carbonate Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
