Global Ethylene Carbonate Market
The global Ethylene Carbonate market was valued at USD 506.93 million in 2021 which expected to reach USD 827.06 million by 2027 at a CAGR 5.20% from 2020-2027.
The electrolyte solution for lithium batteries mostly uses ethylene carbonate since it is a highly polar solvent and dissolves a lot of electrolyte. Its easy ability to dissolve polymers makes it useful as a detergent and releasing agent. It produces high-quality goods with few impurities and little moisture. Due to its strict devotion to quality standards, it has developed a great reputation.
Market Drivers
Increasing demand for lubricants and electrolytes for lithium batteries
The extensive usage of lithium-ion batteries in electric vehicles is the cause of the rising demand for ethylene carbonate in lithium-ion battery electrolytes. Almost 70% of the oil produced today is used as fuel for transportation vehicles, indicating the system's heavy reliance on oil. Both environmentalists and economists are becoming increasingly concerned as a result of this dependency. Increasing awareness about environmental issues has led to the adoption of electric vehicles.
Market Restraints
Price volatility for raw materials
One of the most abundant organic molecules is ethylene. It serves as a crucial petrochemical industry building block. It is produced in steam-cracking units from a variety of petroleum-based feedstocks, including naphtha. Several important derivatives of ethylene, such as ethylene oxide, are produced from it and then used to create ethylene carbonate.
The cost structure of the finished product is largely determined by the pricing and availability of raw materials. Ethane and propane are utilized as raw ingredients in the production of ethylene carbonates.
Impact of COVID-19
Globally, the plastics industry's supply chain has been hampered by the COVID-19 epidemic. China has a significant impact on the plastics industry's supply chain. The US imported 31% of its plastic from China in March 2020, according to the Plastics Industry Association. As a result, the first quarter of 2020 saw the temporary closure of plastic plants in China, which caused a disruption in the cargo shipments of plastic goods to other nations in North America and Europe. The American Association of Port Authorities reports that during the first quarter of 2020, cargo volumes of plastic resins and goods at numerous US ports decreased by about 20% from 2019.
Market Segmentation
The Global Ethylene Carbonate Market is segmented into Form, Application, Distribution Channel and Growing System. By Form such as Solid, Liquid. By Application such as Lubricants, Surface Coatings, Lithium Battery Electrolyte, Plasticizers, Others. By End-use Industry such as Automotive, Industrial, Oil & Gas, Medical, Others.
Regional Analysis
Global Ethylene Carbonate Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. During the forecast period, the Ethylene Carbonate market in APAC is expected to grow at the fastest CAGR. This is due to factors such as a strong industrial foundation, attractive government regulations, and the availability of low labour costs, all of which encourage significant businesses to invest in the region. Furthermore, the region is a world leader in the production of lithium-ion battery electrolytes as well as EV lithium-ion batteries. These reasons are propelling the market.
The presence of huge firms in the chemical and automotive industries makes North America one of the primary product markets. In North America during the past ten years, vehicle utilisation has steadily increased. Due to this, ethylene carbonate demand is increasing. Additionally, during the first quarter of 2022, the U.S. market had strong demand for electric vehicles, which is anticipated to have a favorable effect on the worldwide market.
Key Players
Various key players are listed in this report such as Mitsubishi Chemical Holdings Corporation; FUJIFILM Wako Pure Chemical Corporation; TAOGOSEI CO. LTD.; BASF SE; Otto Chemie Pvt. Ltd.; TCI Chemicals (India) Pvt. Ltd.; Vizag Chemical; Shandong Senjie Cleantech Co.
Market Taxonomy
By Form
By Application
By End-use Industry
By Region
Key Questions Addressed by the Report
Global Ethylene Carbonate Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Ethylene Carbonate Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Ethylene Carbonate Market, By Form
5.1 Y-o-Y Growth Comparison, By Form
5.2 Global Ethylene Carbonate Market Share Analysis, By Form
5.3 Global Ethylene Carbonate Market Size and Forecast, By Form
5.3.1 Solid
5.3.2 Liquid
6 Global Ethylene Carbonate Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Ethylene Carbonate Market Share Analysis, By Application
6.3 Global Ethylene Carbonate Market Size and Forecast, By Application
6.3.1 Lubricants
6.3.2 Surface Coatings
6.3.3 Lithium Battery Electrolyte
6.3.4 Plasticizers
6.3.5 Others
7 Global Ethylene Carbonate Market, By End-use Industry
7.1 Y-o-Y Growth Comparison, By End-use Industry
7.2 Global Ethylene Carbonate Market Share Analysis, By End-use Industry
7.3 Global Ethylene Carbonate Market Size and Forecast, By End-use Industry
7.3.1 Automotive
7.3.2 Industrial
7.3.3 Oil & Gas
7.3.4 Medical
7.3.5 Others
8 Global Ethylene Carbonate Market, By Region
8.1 Global Ethylene Carbonate Market Share Analysis, By Region
8.2 Global Ethylene Carbonate Market Share Analysis, By Region
8.3 Global Ethylene Carbonate Market Size and Forecast, By Region
9 North America Ethylene Carbonate Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Ethylene Carbonate Market Share Analysis, By Form
9.3 North America Ethylene Carbonate Market Size and Forecast, By Application
9.4 North America Ethylene Carbonate Market Size and Forecast, By End-use Industry
9.6 North America Ethylene Carbonate Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Ethylene Carbonate Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Ethylene Carbonate Market Share Analysis, By Form
10.3 Europe Ethylene Carbonate Market Size and Forecast, By Application
10.4 Europe Ethylene Carbonate Market Size and Forecast, By End-use Industry
10.6 Europe Ethylene Carbonate Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Ethylene Carbonate Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Ethylene Carbonate Market Share Analysis, By Form
11.3 Asia Pacific Ethylene Carbonate Market Size and Forecast, By Application
11.4 Asia Pacific Ethylene Carbonate Market Size and Forecast, By End-use Industry
11.6 Asia Pacific Ethylene Carbonate Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Ethylene Carbonate Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Ethylene Carbonate Market Share Analysis, By Form
12.3 Latin America Ethylene Carbonate Market Size and Forecast, By Application
12.4 Latin America Ethylene Carbonate Market Size and Forecast, By End-use Industry
12.6 Latin America Ethylene Carbonate Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Ethylene Carbonate Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Ethylene Carbonate Market Share Analysis, By Form
13.3 Middle East Ethylene Carbonate Market Size and Forecast, By Application
13.4 Middle East Ethylene Carbonate Market Size and Forecast, By End-use Industry
13.6 Middle East Ethylene Carbonate Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Mitsubishi Chemical Holdings Corporation
15.1.1 Overview
15.1.2 Forms
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. FUJIFILM Wako Pure Chemical Corporation
15.2.1 Overview
15.2.2 Forms
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. TAOGOSEI CO. LTD
15.3.1 Overview
15.3.2 Forms
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 BASF SE
15.4.1 Overview
15.4.2 Forms
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Otto Chemie Pvt. Ltd
15.5.1 Overview
15.5.2 Forms
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 TCI Chemicals (India) Pvt. Ltd.
15.6.1 Overview
15.6.2 Forms
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Vizag Chemical
15.7.1 Overview
15.7.2 Forms
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Shandong Senjie Cleantech Co
15.8.1 Overview
15.8.2 Forms
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
