Ethylene Carbonate Market Business Analysis, Types, Applications and Research Methodology by Forecast 2022 to 2027 | BASF SE, Huntsman International LLC, Merck KGaA, Mitsubishi Chemical Corporation, Toagosei, Lixing Chemical, Tokyo Chemical Industry, OUCC

Astute Analytica has announced the release of its Ethylene Carbonate Market report, which will present all the latest trends in the market. The study also contributes to a quick estimation of the market's size, which is expected to expand significantly over the envisioned period. Furthermore, the report justifies new technological developments and mechanical enhancements when demand for this service/item grows globally.

The global Ethylene Carbonate Market is estimated to witness a rise in revenue from US$ 303.2 Mn in 2021 to US$ 450.5 Mn by 2027. The market is registering growth at a CAGR of 6.6% during the forecast period 2022-2027. In terms of volume, the market is registering a CAGR of 6.3% during the forecast period.

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A complicated and significant component of the global economy and supply chain network is the chemical sector. Chemicals are created by transforming raw resources like water, minerals, metals, fossil fuels, and others into thousands of diverse products essential to contemporary life as we know it. Over US$ 5.7 trillion was made by the global chemical industry in total revenue in 2022.

In order to effectively combat climate change, chemical manufacturers can play a critical role. Chemicals and materials are omnipresent in contemporary life; therefore, major changes will be required for chemical makers to function in a changing geopolitical environment on a global scale, either proactively or reactively.

Chemical firms will probably need to prepare for difficulties in the upcoming year, such as global inflation and oil price instability. In light of these factors, 2023 may be a pivotal year for a change in strategy.

Chemical companies' decision-making processes are evolving as a result of digital implementation. In order to monetize the current investment pool before extending to fresh areas, the near-term focus will be on maintaining current platforms and capabilities.

The chemical industry will concentrate in Asia, more notably in China. India will eventually resemble China if development proceeds steadily, but only after a few decades.

An association market share analysis is included in the market studies to provide a more thorough picture of the important business players. Additionally, the studies cover important market developments such as mergers and acquisitions, innovation launches, agreements, collaborations, cooperative efforts, joint ventures, inventive work, and the geographic expansion of key market players on a global and regional scale. The market study also incorporates a valuable example and a product portfolio analysis of different associations by region.

Leading Player

Some of the key players in the global ethylene market include BASF SE, Huntsman International LLC, Merck KGaA, Mitsubishi Chemical Corporation, Toagosei Co., Ltd., Lixing Chemical, Tokyo Chemical Industry Co., Ltd. and OUCC among others.

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Segmentation Overview

By Grade segment of the Global Ethylene Carbonate Market is sub-segmented into:
Battery Grade
Industry Grade

By Form segment of the Global Ethylene Carbonate Market is sub-segmented into:
Solid
Liquid

By Application segment of the Global Ethylene Carbonate Market is sub-segmented into:
Lithium Battery Electrolytes
Capacitor Electrolytes
Resist Strip Solvents
Fiber Processing Agents
Lubricants
Soil Hardening Agents
Organic Solvents
Plasticizers
Surface Coatings
Chemical Intermediates
Dyes
Others

By Industry segment of the Global Ethylene Carbonate Market is sub-segmented into:
Healthcare & Pharmaceuticals
Automotive
Chemicals
Oil & Gas
Textile
Personal Care & Hygiene
Agriculture
Others

By Region segment of the Global Ethylene Carbonate Market is sub-segmented into:
North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Spain
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America

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About Astute Analytica:

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This release was published on openPR.