Ethylene Carbonate Market Potential Growth, Share, Demand, Analysis of Key Players - BASF SE, Merck KGaA, Thermo Fisher Scientific, Huntsman Corporation

A recent report published by QMI on Ethylene carbonate market is a detailed assessment of the most important market dynamics. After carrying out thorough research on the market of Ethylene carbonate historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for Ethylene carbonate during the forecast period. It can enable manufacturers of Ethylene carbonate to change their production and marketing strategies in order to envisage maximum growth.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Asahi Kasei
2) Empower Materials
3) TCI Chemicals
4) BASF SE
5) Merck KgaA
6) Thermo Fisher Scientific
7) Huntsman Corporation
8) Oriental Union Chemical Corporation
9) Mitsubishi Chemicals
10) Toagosei Co., Ltd.
11) New Japan Chemical Co., Ltd.

According to the report, the Ethylene Carbonate Market is expected to show high growth due to the increasing demand of lithium-ion batteries in the recent years. Increasing demand from Applications including Lithium Battery Electrolytes, Lubricants, Plasticizers, and Surface Coatings is expected to drive the growth of ethylene carbonate market. This market has witnessed number of key developments by major companies including Asahi Kasei, Empower Materials, TCI Chemicals, BASF SE, Merck, and Thermo Fisher Scientific with focus on organic as well as inorganic growth strategies. Developing regions including Asia Pacific and Middle East have been among the high potential markets with high growth in some of the key economies.

Understanding the chemistry and uses of Ethylene carbonate

Ethylene carbonate is an organic compound with formula (CH2O)2CO which is made by reaction of ethylene oxide and carbon dioxide in the presence of a catalyst.. it is an organic compound, and is colorless to yellowish solid.

Based on applications, it is segmented into Lithium Battery Electrolytes, Lubricants, Plasticizers, and Surface Coatings. Lithium batteries use ethylene carbonate, for the most part. The growing demand for lithium batteries is fueling the growth of the carbonate ethylene market. Demand for lubricants has gone up significantly due to the growth of the automotive sector.

It is divided by end-user in Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene. Ethylene carbonate is most widely used as lubricants in the automotive sector. These lubricants are usually used for collecting, cleaning, and cooling the engine of a vehicle. The rising demand for automotive and the disposable income of people has propelled the growth of this segment.

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Important Factors Impacting Market Growth:

o Increasing demand for lubricants
o It has better properties like solubility, polarity, and higher boiling point when compared to other conventional solvents
o Increasing demand of lithium-ion batteries

Regional segmentation and analysis to understand growth patterns

Based on region, the ethylene carbonate market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.

Asia Pacific and Middle East are expected to register substantial growth in the ethylene carbonate market during the forecast period. This demand is with regard to the growth of major end-use industries such as Automotive, Oil & Gas, Industrial, Medical, and Personal Care & Hygiene. Rest the World that includes South America and Africa has a strong potential for ethylene carbonate market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market.

Market Segmentation:

By Application:
o Lithium Battery Electrolytes
o Lubricants
o Plasticizers
o Surface Coatings

By End-User:
o Automotive
o Oil & Gas
o Industrial
o Medical
o Personal Care & Hygiene

By Region:

North America
o By Country (US, Canada, Mexico)
o By Application
o By End-User

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Application
o By End-User

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Application
o By End-User

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Application
o By End-User

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Application
o By End-User

Rest of the World
o By Region (South America, Africa)
o By Application
o By End-User

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This release was published on openPR.