Latest Trends In Global Ethylene Carbonate Market

Ethylene carbonate is a chemical compound with the molecular formula C3H4O3. It is a clear, colorless slightly yellowish liquid with a sweet odor. Ethylene carbonate is classified as an organic compound and is a member of the class of compounds known as carbonates.

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Ethylene carbonate's primary significance is in the field of energy storage, particularly in lithium-ion battery technology, where it contributes to the overall performance and safety of these batteries.

Its ability to dissolve lithium salts and serve as an effective electrolyte solvent is crucial for the functioning of rechargeable batteries in various electronic devices, electric vehicles, and renewable energy systems.

GLOBAL ETHYLENE CARBONATE MARKET SIZE AND FORECAST

The Global Ethylene Carbonate Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has entered into a non-binding agreement with Capchem Technology USA Inc. to study the opportunity to build and operate a world-class lithium-ion battery solvents plant at one of IVL's petrochemical facilities in the U.S. Gulf Coast.

The proposed plant will supply the lithium-ion batteries industry in North America, which is boosted by significant growth in the development of electric vehicles (EV).


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The proposed facility will produce ethylene carbonate and its chemical derivatives, which are essential components of the electrolyte solutions used in lithium-ion batteries. IVL's Integrated Oxides and Derivatives (IOD) segment and Capchem USA, a Shenzhen Capchem Technology Co., Ltd. subsidiary, will study the proposal to develop and operate the plant.

Capchem is a global leading company in lithium-ion battery chemicals. A new plant would significantly benefit the North American lithium-ion battery market, which currently depends on imports from Asia amid potential for accelerated growth in the EV industry.

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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

How many Ethylene carbonates are manufactured per annum globally? Who are the sub-component suppliers in different regions?
Cost breakup of a Global Ethylene Carbonate and key vendor selection criteria
Where is the Ethylene Carbonate manufactured? What is the average margin per unit?
Market share of Global Ethylene Carbonate market manufacturers and their upcoming products
Cost advantage for OEMs who manufacture Global Ethylene Carbonate in-house
5 key predictions for the next 5 years in the Global Ethylene Carbonate market
Average B-2-B Ethylene Carbonate price in all segments
Latest trends in Ethylene Carbonate market, by every market segment
The market size (both volume and value) of the Ethylene Carbonate market in 2023-2030 and every year in between?
Production breakup of the Ethylene Carbonate market, by suppliers and their OEM relationship

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This release was published on openPR.