Ethylene Carbonate Market is Anticipated to Increase at a CAGR of 6.4% Through 2030

The global ethylene carbonate market size is expected to reach USD 887 million by 2030, registering a CAGR of 6.4% during the forecast period, as per a new report by Global Market Vision. The growth is majorly driven by the rising demand for electrolytes in lithium-ion batteries using ethylene carbonate as a major ingredient for production as a solvent.

The utilization of ethylene carbonate in lithium-ion batteries is experiencing an increase in demand due to its extensive use in electric vehicles. The growing awareness of environmental concerns has led to the adoption of electric vehicles. The widespread usage of electric vehicles in countries such as the U.S., France, China, Japan, Germany, and the UK has resulted in the use of Li-ion batteries, thereby boosting the demand for ethylene carbonate.

The product is also used as a solvent in the production of plastics, coatings, and adhesives. It can also serve as an intermediate in the synthesis of various organic compounds, including pharmaceuticals, polymers, and specialty chemicals.Additionally, it is used as an additive or co-solvent in lubricant formulations to enhance their performance and properties.

Asia Pacific dominated the market with a revenue share of more than 36% in 2022. Several countries in Asia Pacific, such as China, Japan, and South Korea are at the forefront of electric vehicle production and deployment. These countries have witnessed a surge in the manufacturing and consumption of lithium-ion batteries, which are essential components of electric vehicles.

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The insight report aims to discover new opportunities by examining major market trends, drivers, and influencing factors that affect the global Ethylene Carbonate outlook. It divides the forecast into categories such as type, application, geography, and market size. The study provides a highly detailed assessment of the current situation and future trajectory of the global Ethylene Carbonate Market by using hundreds of bottom-up qualitative and quantitative market inputs in a transparent approach.

Major Market Players Profiled in the Report include:
• BASF
• Shandong Shida Shenghua Chemical Group
• Toagosei
• Mitsubishi Chemical
• Zibo Donghai Industries
• Huntsman
• Alchem Chemical Company
• New Japan Chemical
• Asahi Kasei
• Shandong Senjie Chemical
• Panax Etec
• Alfa Aesar

Global Ethylene Carbonate Market Segmentation:
The global market is segmented on the basis of type, application and region. Growth between market segments can help the user/investor analyze niche market growth points, go-to market strategies, and differentiate between core application areas and target markets.
Ethylene Carbonate Form Outlook

• Solid
• Liquid

Ethylene Carbonate Application Outlook

• Lubricants
• Surface Coatings
• Lithium Battery Electrolyte
• Plasticizers
• Others

Ethylene Carbonate End-use Outlook

• Automotive
• Industrial
• Oil & Gas
• Medical
• Others

The Ethylene Carbonate Market research report provides a detailed analysis of the factors fueling market expansion, as well as the challenges that could hinder industry growth during the forecast period. The report also contains growth rate, market share, and valuation estimates for each region, segment, and company.
The World Ethylene Carbonate Market Research Report is an in-depth analysis of the global industry with a focus on the current situation of the global Ethylene Carbonate Market. The research provides important data on the worldwide Ethylene Carbonate Market's manufacturers market state and is a great resource for businesses and people interested in the sector.

The Global Ethylene Carbonate Market Industry Report Covers The Following Data Points:
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟏: This section covers the global Market overview, including the basic market introduction, market analysis by its applications, type, and regions. The major regions of the global Market industry include North America, Europe, Asia-Pacific, and the Middle-East and Africa. Ethylene Carbonate Market industry statistics and outlook are presented in this section. Market dynamics states the opportunities, key driving forces, market risk are studied.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟐: This section covers Market manufacturers profile based on their business overview, product type, and application. Also, the sales volume, market product price, gross margin analysis, and share of each player is profiled in this report.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟑 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟒: These sections present the market competition based on sales, profits, and market division of each manufacturer. It also covers the industry scenario based on regional conditions.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟓 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟔: These sections provide forecast information related to Ethylene Carbonate Market for each region. The sales channels include direct and indirect Marketing, traders, distributors, and development trends are presented in this report.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟕 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟖: In these sections, Industry key research conclusions and outcome, analysis methodology, and data sources are covered.
What makes the information worth buying?
• A comprehensive and in-depth overview of the global Ethylene Carbonate industry in exchange, use, and geographical area sectors is provided.
• This research looks at the industry rewards and constraints that influence industry growth.
• Developing business strategies and aspects to aid in an emerging market.
• Examining free markets and developing appropriate strategies.

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The final report will add the analysis of the Impact of Covid-19 in this report Ethylene Carbonate Market.
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Ethylene Carbonate Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Ethylene Carbonate Market is analyzed and depicted in the report.

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