Ethylene Carbonate Market Strategies, and Forecasts, Worldwide, 2022 to 2029

Market Overview
The Ethylene Carbonate Market is estimated to reach a CAGR of 6.80% during the forecast period (2022-2029).

A cyclic carbonate ester of ethylene glycol and carbonic acid, ethylene carbonate is an organic compound. Ethylene carbonate is a transparent, crystalline solid that is somewhat soluble in water and is practically odor and color-free at room temperature. Application in the synthesis of aliphatic polyurethanes using diamines and diols, use as a precursor for ring-opening polymerization using KOH as an initiator, use as a reactant in the production of dimethyl carbonate and transesterification to produce glycerol carbonate are just a few of the many uses for ethylene carbonate.

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Market Dynamic
Growing demand for Lithium-ion batteries
Lithium-ion batteries are increasingly using ethylene carbonate as their electrolyte. The emergence of novel and intriguing industries with both commercial and industrial applications has increased the demand for lithium-ion batteries. The material handling and data center industries have seen an increased demand for lithium-ion batteries in recent years, especially in developing countries.

Government regulations on fossil fuel engines have resulted in a sharp increase in the demand for electric vehicles, which significantly impacts the demand for lithium batteries. The demand for batteries is driven by an increase in electronics, a rise in mobile phone sales, energy-saving technologies and technological advancements in developed nations. During the anticipated period, these elements are anticipated to propel the ethylene carbonate market.

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Market Segmentation
By Form
• Solid
• Liquid
By Application
• Lithium Battery Electrolytes
• Lubricants
• Plasticizers
• Surface Coatings
• Capacitor Electrolytes
By End-User
• Automotive
• Industrial
• Medical
• Oil & Gas
• Personal Care & Hygiene

Competitive Landscape
In terms of global and local producer numbers and strengths, the global market for ethylene carbonate is competitive due to major players such as 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. The market is fragmented and pivotal market stakeholders use market tactics such as mergers, acquisitions, product launches, contributions, and collaborations to gain a competitive advantage and recognition in their respective markets.

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