Ethylene Carbonate Market: Global Industry Analysis and Forecast (2021-2027) By Application, End-use, and Region

Ethylene Carbonate Market was valued at US$ 210 Mn. in 2020. Global Ethylene Carbonate Market size is estimated to grow at a CAGR of 6.25 %.

Ethylene Carbonate Market Overview:

Ethylene carbonate is an excellent industrial solvent, which has low toxicity and strong solubility for organic and inorganic materials. It is used in applications like surface coatings, dyes, fibers, plastics and Li-Battery. Ethylene carbonate is also used as formulation agent in electrolyte of li-battery. It is used as raw material for the production of lubricants and as a solvent for polymers, resins, plasticizers, and adhesives & sealants. According to the ethylene carbonate market report analysis some of the predictions are as follow as: • Global ethylene carbonate demand for its applications in batteries is expected to grow triple by 2027 as compare to its production in present. • The battery demand in MWhs for electric vehicles is projected to grow at 26% CAGR • New electrolyte plants are planned to support new battery facilitates in North America and Europe that drive the Ethylene carbonate production in the near future. • Battery production capacity is expected to grow in both America and Europe during the forecast period. Ethylene Carbonate Market To know about the Research Methodology:- Request Free Sample Report

Ethylene Carbonate Market Dynamics:

The development of emerging market trends for electrification in transportation sector and grid level energy storage is increasing demand for rechargeable batteries. The requirement of the batteries with high energy capacities, stability and a long lifespan are expected to drive the production and demand for ethylene carbonate. Growth in Electric Vehicles Creates Increasing Demand for Ethylene Carbonate The global automotive industry is undergoing a paradigm shift, which is trying to switch to alternative/less energy intensive options. The pressure of oil imports, pollution and international commitments to combat global climate change are some of the key factors, which are motivating recent automotive policies to speed up the transition to electrical vehicle adoption. Widespread use of lithium-ion batteries in electric vehicles are expected to increase the demand for ethylene carbonate. With the rise in awareness about environmental issues, the adoption of electrical vehicle in US, France, China, Japan, Germany, and the UK has increased at rapid rate. The demand of electrical vehicle is expected to drive the production of ethylene carbonate, which is primarily used in Li-ion batteries. In India, electric vehicle industry is picking pace with 100% FDI. A new manufacturing hub, and increased push to improving charging infrastructure are expected to drive the demand for electrical vehicles. EV sales are back on track. A total of more than 2,65 million new EVs had registered during the first half of the 2021.

Ethylene Carbonate Market Segment Analysis:

Based on the End-use Industry, the ethylene carbonate market is segmented into automotive, personal care and hygiene, oil & gas, medical, industrial and others. Automotive segment is expected to contribute more than 35% share during the forecast period. An increase in sales of electrical vehicles are driving the demand for ethylene carbonate. Many governments across countries are taking steps in using digital to reduce the carbon footprint of road transport, which is resulting in the high demand for electrical vehicle. The impact of traveling distance by road has a significant effect on fuel consumption, CO2 emissions, traffic congestion and traffic safety. An increase in stringency in emission norms has forced original equipment manufacturers and Tier-1 manufacturers to manufacture electrical vehicle. In addition, government agencies have also implemented new policies and programs to reduce vehicle emissions. Electrical vehicle requires the need for lithium batteries, which also expect to increase the demand for ethylene carbonate.

Ethylene Carbonate Market Regional Insights:

Europe: In 2020, new electric car has registered more than 1.4 million, which has represented a sales share of 10. The top leading automotive sector countries in Europe for new EV sales in 2020 were Germany, which registered 395,000, France-185,000; and the UK- 88,000. Despite the economic slump reflect in Europe, the electric car registration has surged because of two policies in the region- one is 2020 was the target year for the European Union's CO2 emissions standards and second is many European governments has increased subsidy schemes for EVs as part of stimulus packages. Strict regulations, national incentives, and new sustainability mandates are expected to drive the new EV car sales and demand for ethylene carbonate. China: China has is increasing its EV sales with a phased-in approach through a credits trading program to permit for flexibility in meeting its goals. In China, The New Energy Vehicles program has set annual targets for each manufacturer of sales- 14% in 2021, 15% in 2022, and 17% in 2023. The government also offers softer incentives for consumers like low parking fees and relinquishments of traffic restrictions for EV users. Prominent market key players are working to demonstrate the opportunity to represent wider audience in Ethylene Carbonate production for its usages in Lithium batteries. In the U.S., the companies like huntsman corporation, Mitsubishi and others are working to represent wider audience in ethylene carbonate production for its usages in lithium batteries. They have shown strong interest in an introduction of innovative products and their plant expansion in the market. For instance, in 2021, Huntsman Corporation has announced that its Performance Products division is planning to significantly increase its existing capacity. The company has planned to expand their capacity for ULTRAPURE product- Ethylene Carbonate at Texas facility by mid-2023 The objective of the report is to present a comprehensive analysis of the global Ethylene Carbonate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Ethylene Carbonate Market dynamic, structure by analyzing the market segments and projecting the Ethylene Carbonate Market size. Clear representation of competitive analysis of key players by End-use Industry, price, financial position, product portfolio, growth strategies, and regional presence in the Ethylene Carbonate Market make the report investor’s guide.

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Ethylene Carbonate Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 210 Mn.
Forecast Period 2021 to 2027 CAGR: 6.25% Market Size in 2027: US $ 320 Mn.
Segments Covered: by Application • Surface Coatings • Lubricants • Plasticizers • Lithium Battery Electrolytes • Others
by End-Use Industry • Automotive • Personal Care and Hygiene • Oil & Gas • Medical • Industrial • Others

Ethylene Carbonate Market, by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Ethylene Carbonate Market Key Players

• BASF • Oriental Union Chemical Corporation • Mitsubishi Chemical • Merck KgaA • Thermo Fisher Scientific • Huntsman • Asahi Kasei • Toagosei • New Japan Chemical • Shandong Shida Shenghua Chemical Group • Zibo Donghai Industries • Shandong Senjie Chemical • Panax Etec • Alchem Chemical Company • Alfa Aesar • OUCC • Shandong Senjie Cleantech Co., Ltd • PANAX ETEC • Tokyo Chemical Industry Co., Ltd • OTTO CHEMIE PVT. LTD.

Frequently Asked Questions:

1] What segments are covered in the Ethylene Carbonate Market report? Ans. The segments covered in the Ethylene Carbonate Market report are based on Application and End-use Industry. 2] Which region is expected to hold the highest share in the Ethylene Carbonate Market? Ans. The Asia Pacific region is expected to hold the highest share in the Ethylene Carbonate Market. The detail analysis has given in the market report. 3] What is the market size of the Ethylene Carbonate Market by 2027? Ans. The market size of the Ethylene Carbonate Market by 2027 is US$ 320Mn. 4] What is the forecast period for the Ethylene Carbonate Market? Ans. The forecast period for the Ethylene Carbonate Market is 2020-2027. 5] What was the market size of the Ethylene Carbonate Market in 2020? Ans. The market size of the Ethylene Carbonate Market in 2020 was US$ 210 Mn.
1. Global Ethylene Carbonate Market Size: Research Methodology 2. Global Ethylene Carbonate Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Ethylene Carbonate Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Ethylene Carbonate Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Ethylene Carbonate Market Size Segmentation 4.1. Global Ethylene Carbonate Market Size, by Application (2020-2027) • Surface Coatings • Lubricants • Plasticizers • Lithium Battery Electrolytes • Others 4.2. Global Ethylene Carbonate Market Size, by End-use Industry (2020-2027) • Automotive • Personal Care and Hygiene • Oil & Gas • Medical • Industrial • Others 5. North America Ethylene Carbonate Market (2020-2027) 5.1. North America Ethylene Carbonate Market Size, by Application (2020-2027) • Surface Coatings • Lubricants • Plasticizers • Lithium Battery Electrolytes • Others 5.2. North America Ethylene Carbonate Market Size, by End-use Industry (2020-2027) • Automotive • Personal Care and Hygiene • Oil & Gas • Medical • Industrial • Others 5.3. North America Ethylene Carbonate Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Ethylene Carbonate Market (2020-2027) 6.1. European Ethylene Carbonate Market, by Application (2020-2027) 6.2. European Ethylene Carbonate Market, by End-use Industry (2020-2027) 6.3. European Ethylene Carbonate Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Ethylene Carbonate Market (2020-2027) 7.1. Asia Pacific Ethylene Carbonate Market, by Application (2020-2027) 7.2. Asia Pacific Ethylene Carbonate Market, by End-use Industry (2020-2027) 7.3. Asia Pacific Ethylene Carbonate Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Ethylene Carbonate Market (2020-2027) 8.1. The Middle East and Africa Ethylene Carbonate Market, by Application (2020-2027) 8.2. The Middle East and Africa Ethylene Carbonate Market, by End-use Industry (2020-2027) 8.3. The Middle East and Africa Ethylene Carbonate Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Ethylene Carbonate Market (2020-2027) 9.1. Latin America Ethylene Carbonate Market, by Application (2020-2027) 9.2. Latin America Ethylene Carbonate Market, by End-use Industry (2020-2027) 9.3. Latin America Ethylene Carbonate Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. BASF 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Oriental Union Chemical Corporation 10.3. Mitsubishi Chemical 10.4. Merck KgaA 10.5. Thermo Fisher Scientific 10.6. Huntsman 10.7. Asahi Kasei 10.8. Toagosei 10.9. New Japan Chemical 10.10. Shandong Shida Shenghua Chemical Group 10.11. Zibo Donghai Industries 10.12. Shandong Senjie Chemical 10.13. Panax Etec 10.14. Alchem Chemical Company 10.15. Alfa Aesar 10.16. OUCC 10.17. Shandong Senjie Cleantech Co., Ltd 10.18. PANAX ETEC 10.19. Tokyo Chemical Industry Co., Ltd 10.20. OTTO CHEMIE PVT. LTD.

About This Report

Report ID 6324
Category Material & Chemical
Published Date sep 2019
Updated Date Jan 2022
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