Ethylene Carbonate Market by Form (Solid and Liquid), Application (Lubricants, Surface Coating, Lithium Battery Electrolyte, Plasticizers, and Others), End Use (Automotive, Industrial, Oil & Gas, Medical, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026263 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 470 million mark in 2022 and is expected to hit US$ 1,300 million by 2030, recording approximately a CAGR of 13.6% during the forecast period.

Ethylene carbonate market has been significantly growing with higher adoption in various end use application.

Growing demand in lithium-ion battery electrolyte and lubricant application and massive industrial growth in Asia and Africa are some of the major factors driving the growth of the market. The solid segment is expected to pace up with increasing use of solid form of ethylene carbonate in various application such as fiber processing, soil hardening, and amongst others. Further, liquid segment is also expected to gain traction during the forecasted year.

Within the report, the market is segmented into form, application, end use, and geography. By form, the market is further segmented into solid and liquid. On the basis of application, the market is segmented into lubricants, surface coating, lithium battery electrolyte, plasticizers, and others. By end use, the market is categorized into automotive, industrial, oil & gas, medical, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Increasing use of bio-based plasticizers has empowered the growth of futuristic innovations.

Ethylene carbonate are highly polar solvent and dissolves large amount of electrolyte, it is used in lithium batteries electrolyte solution. It also readily dissolves polymers leading to use as a release agents and detergents. To enhance the ionic conductivity of polymers electrolytes in various application ethylene carbonate is used as a plasticizer. The stringent regulations and norms on the use of harmful phthalates as plasticizers has surged the demand for bio-based plasticizers.

Rising adoption in various industries is one of the major factors accelerating the market growth.

The industries for ethylene carbonate are automotive, industrial, oil & gas, medical, and others. Within these industries, automotive industry is one such industry, wherein the use of ethylene carbonate is increasing owing to increasing sales of electric vehicles for its used in applications such as surface coating, automotive lubricants, and automotive plastic manufacturing. The construction industry has also witnessed an extensive use of ethylene carbonate owing to increasing renovation and infrastructure projects in developing economies.  

Recent strategic developments in ethylene carbonate market

The ethylene carbonate market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2021, Huntsman Corporation announced the expansion of its ULTRAPURE Ethylene Carbonate manufacturing facility in Conroe, Texas, US to cater to the growing demand for lithium-ion batteries in electric vehicles.

The ethylene carbonate market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. OUCC, BASF SE, Huntsman International LLC, Mitsubishi Chemical Corporation, and Lixing Chemical are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Ethylene carbonate related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industry of ethylene carbonate industry
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Form:
    • Solid
    • Liquid
  • Application:
    • Lubricants
    • Surface Coating
    • Lithium Battery Electrolyte
    • Plasticizers
    • Others
  • End Use:
    • Automotive
    • Industrial
    • Oil & Gas
    • Medical
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • OUCC
    • BASF SE
    • Huntsman International LLC
    • Mitsubishi Chemical Corporation
    • Lixing Chemical

Companies profiled

- Huntsman International LLC
- Mitsubishi Chemical Corporation
- Lixing Chemical

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