Ethylene Carbonate Market Size Share Demand Analysis 2022-2029

The Ethylene Carbonate Market is expected to grow at a CAGR of 6.80% during the forecast period 2022-2029. North America region has the highest market share in the Ethylene Carbonate Market, and it is further continuing its dominance during the forecast period.

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Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

Ethylene is one of the most common organic compounds. It is an essential building block for the petrochemical industry. In steam-cracking units, it is produced from a mix of petroleum-based feedstocks, such as naphtha. It is used to make ethylene carbonate and a number of important ethylene derivatives, like ethylene oxide. The cost and availability of raw materials greatly influence the final product's price.

Ethylene carbonates are made from raw materials like propane and ethane. The majority of these materials are derivatives based on crude oil that can be affected by changes in the price of commodities. The unrest in the Middle East and the rising global demand for crude oil are two major factors that contribute to the volatility of the price of ethylene carbonate. The market for ethylene carbonate is also impacted by high manufacturing costs brought on by rising energy costs and transportation costs brought on by rising fuel costs. Ethylene carbonate producers have ensured that the price increase is distributed asymmetrically, with consumers bearing the majority of the financial burden as a result of the rise in manufacturing costs. As a result, the price of ethylene carbonate's raw materials fluctuates. The fluctuating cost of raw materials therefore restricts the market for ethylene carbonate.

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Market Segmentation:

By Form:
• Solid
• Liquid

By Application:
• Lubricants
• Lithium Battery Electrolytes
• Plasticizers
• Surface Coating
• Capacitor Electrolyte
• Resist Strip Solvents
• Fiber Processing Agents
• Soil Hardening Agents
• Others

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

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Listed:

Huntsman, BASF SE, Mitsubishi Chemical, Asahi Kasei, New Japan Chemical Co. Ltd, Shandong Shida Shenghua Chemical Group, Tokyo Chemical Industry Oriental Union Chemical Corporation, RX Marine International, Fujifilm Wako Pure Chemical Corporation, Taixing Taida Fine Chemical Co. Ltd, Alfa Aesar and Empower Materials.

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This release was published on openPR.