Global Ethylene Carbonate
Market Report
2025
The Ethylene Carbonate market was valued at USD 308.20 million in 2022 and will reach USD 502.45 million by 2030, registering a CAGR of 6.3% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Ethylene Carbonate market was valued at USD 308.20 million in 2022 and will reach USD 502.45 million by 2030, registering a CAGR of 6.3% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Ethylene Carbonate Market Sales Revenue 2022 | $ 308.2 Million |
Global Ethylene Carbonate Market Sales Revenue 2030 | $ 502.45 Million |
Global Ethylene Carbonate Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.3% |
Market Split by Form |
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Market Split by Application |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Ethylene Carbonate Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Ethylene carbonate reacts with the carbon dioxide and it produces ethylene carbonate. The chemical formula of ethylene carbonate is (CH2O)2CO. It is an odorless and colorless, transparent crystalline solid. Ethylene carbonate is known for its unique properties such as polar solvent, high dielectric constant, stability and low volatility, biodegradability, etc. It has various applications in lithium-ion batteries, surface coating, lubricants, plasticizers, etc. The end-user industries like oil and gas, Medical, industrial, and automotive utilize ethylene carbonate. In lithium-ion batteries and lithium batteries, it is a primitive component. Ethylene carbonate has excellent solvency power in the poplar and non-polar compound therefore it is useful in industries such as paint and coating and plastic. Because of its high dielectric constant property, it is used in electrolyte formulations for batteries, capacitors, and electronic devices. It has a high boiling point and it can withstand relatively high temperatures without decomposing. Therefore, it is used in high-temperature devices.
Lithium-ion is the polar solvent and it dissolves a huge amount of electrolyte. Therefore, it is utilized in the manufacture of electrolyte solutions for lithium batteries. Lithium-ion batteries are used in consumer electronics such as mobile, laptops, electronic toys, wireless headphones, handheld power tools, home appliances, and electric vehicles and energy storage systems. Increasing the disposable income of an individual leads to creating a demand for luxury products. In consumer electronics, a wide range of products are available at various prices. Therefore, it is affordable to the middle-class population. Lithium-ion batteries improve the performance of the electric vehicle. According to the IBEF global share of electric vehicles in the year 2022 is 8.3%. Therefore, increasing demand for lithium-ion batteries drives the market growth of the ethylene carbonate market.
A petroleum-based product such as crude oil is the raw material for the production of ethylene carbonate. Global supply and demand of crude oil determine crude oil prices. Whenever supply is limited, the limited price of crude oil will be high. High raw material prices affect the manufacturing of ethylene carbonate. The high cost of raw materials increases the cost of the final product.it is a challenge for the manufacturing industry to make a profit when prices of raw materials go high. Therefore, fluctuating prices of raw materials may hamper the market growth of ethylene carbonate.
The COVID-19 pandemic negatively affected the ethylene carbonate market. Several automotive industries were closed down due to the severity of the disease. In China, new sales of automobiles were fall by 92% in the year 2020. European countries dropped the sales of cars by 7.4% as compared to 2019. Therefore, the demand and supply chain was disturbed due to regulations on transportation. Global electric vehicle demand fell by 15% in the year 2020. After covid 19 all the industries resumed. There will be high demand for the ethylene carbonate market due to the increasing demand for lithium-ion batteries and the growing automobile industries.
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Lotte builds a plant to produce organic solvents - high-purity ethylene carbonate (EC) and dimethyl carbonate (DMC) for electrolytes, a key material for lithium-ion batteries. South Korea relies on imports of organic solvents that make up about 30% of the electrolytes’ total cost.
CO2 is used as the raw material for the production of ethylene carbonate with high purity. This agreement will increase the production of ethylene carbonate by 38,000 metric tons.
Top Companies Market Share in Ethylene Carbonate Industry: (In no particular order of Rank)
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Globally, the Ethylene Carbonate s market based on region is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The largest market share of Ethylene Carbonate s is dominated by Asia Pacific North America. There is a probability that Asia Pacific will be dominating the ethylene carbonate market during the projected period. Asia Pacific is known for its developing nations. China is the largest producer of electronic goods. India and Japan are experiencing urbanization and industrialization. Their economy is growing. Asia Pacific holds the world’s 60% population. Increasing the disposable income of an individual leads to the purchase of consumer electronics. The extensively expanding automotive industry and emerging new electric vehicles are the factors that affect the dominance of the Asia Pacific region in the ethylene carbonate market in the projected period.
North America is also foreseen to account for a remarkable market share in the global Ethylene Carbonate market. This is due to the availability of ethylene.
The current report Scope analyzes Ethylene Carbonate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Ethylene Carbonate Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Ethylene Carbonate Industry growth. Ethylene Carbonate market has been segmented with the help of its Form, Application End-User, and others. Ethylene Carbonate market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The global Ethylene Carbonate market form is divided into solid and liquid. The liquid segment is expected to hold the largest market share in the upcoming years. According to international energy lithium-ion battery demand will increase by 65% to 550 GWh in 2022. The liquid ethylene carbonate is used in the lithium-ion battery. Lithium-ion batteries have high demand in the electric vehicle. Increasing fuel prices consumers are switching to the electric vehicle. Increasing the disposable income of consumers is also one of the major factors to buy the electric vehicle. Therefore, increasing demand for lithium-ion batteries from the electric vehicle manufacturing industry is anticipated to drive the market growth of ethylene carbonate.
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Based on application, the global Ethylene Carbonate market is classified into lithium batteries, surface coating, lubricants, and plasticizers. Lithium-ion batteries are used in consumer electronics such as home appliances, smartphones, laptops, electric vehicles, etc. The changing lifestyle and increasing disposable income of individuals lead to creating the demand for electric products. Increasing fuel prices shift the consumer from fuel vehicles to electric vehicles. Ethylene carbonate is used as a primitive compound in the lithium-ion battery. Therefore, increasing uses of consumer electronics are anticipated to drive the market growth of lithium-ion batteries in the projected period.
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The global Ethylene Carbonate s market based on end-users type is classified into oil and gas, medical, industrial, and automotive. Globally, the Ethylene Carbonate market is estimated to gain the largest share from the automotive segments during the forecast period. According to the International Energy Agency, new registrations for car sales will increase by 55% from the year 2021 to 2022. Ethylene carbonate is used to manufacture lubricants and automotive plastic. Therefore, the automotive industry is expanding due to increasing demand for vehicles from consumers. Considering this factor, the automotive industry will hold the largest market share in the ethylene carbonate market during the forecast period.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Ethylene Carbonate Market is witnessing significant growth in the near future.
In 2023, the Liquid segment accounted for noticeable share of global Ethylene Carbonate Market and is projected to experience significant growth in the near future.
The Lithium Batteries segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Thermo Fisher Scientific , Alfa Aesar and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Form | Liquid, Solid |
Application | Lithium Batteries, Surface Coating, Lubricants, Plasticizers |
End-User | Oil and Gas, Medical, Industrial, Automotive |
List of Competitors | Thermo Fisher Scientific, Huntsman International LLC, Alfa Aesar, BASF SE, The Merck Group, FUJIFILM Wako Pure Chemical Corporation, Chevron Phillips Chemical Toagosei Co. Ltd, New Japan Chemical Co. Ltd, Tokyo Chemical Industry Co. Ltd, Otto Chemie Pvt. Ltd, Mitsubishi Chemical Holdings Corporation, RX Marine International, Antares Chem Private Limited, Empower Materials, Parsol Chemicals Pvt.Ltd |
This chapter will help you gain GLOBAL Market Analysis of Ethylene Carbonate. Further deep in this chapter, you will be able to review Global Ethylene Carbonate Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Ethylene Carbonate. Further deep in this chapter, you will be able to review North America Ethylene Carbonate Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Ethylene Carbonate. Further deep in this chapter, you will be able to review Europe Ethylene Carbonate Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Ethylene Carbonate. Further deep in this chapter, you will be able to review Asia Pacific Ethylene Carbonate Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Ethylene Carbonate. Further deep in this chapter, you will be able to review South America Ethylene Carbonate Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Ethylene Carbonate. Further deep in this chapter, you will be able to review Middle East and Africa Ethylene Carbonate Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Ethylene Carbonate. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Form Analysis 2019 -2031, will provide market size split by Form. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Form Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ethylene Carbonate market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Liquid have a significant impact on Ethylene Carbonate market? |
What are the key factors affecting the Liquid and Solid of Ethylene Carbonate Market? |
What is the CAGR/Growth Rate of Lithium Batteries during the forecast period? |
By type, which segment accounted for largest share of the global Ethylene Carbonate Market? |
Which region is expected to dominate the global Ethylene Carbonate Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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