Ethylene Carbonate Market revenue is expected to grow at a CAGR of 12.5% from 2024 to 2030, reaching nearly USD 1101.8 million in 2030.

Maximize Market Research, has published market intelligence and competitive landscape report on the Ethylene Carbonate Market.

Over the forecast period, Ethylene Carbonate Market is expected to grow from USD 483.1 million to USD 1101.8 million by 2030, at a CAGR of 12.5 percent.

Asia-Pacific region dominates the Ethylene Carbonate Market with the largest market share accounting for 52.04% in 2023, the region is expected to grow during the forecast period and maintain its dominance by 2030.

Europe is the fastest-growing region in the Ethylene Carbonate Market held a market share of 21.6% and is significantly growing during its forecast period.

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According to MMR, the demand for lithium-ion batteries has been significantly affected by the global increase in sales of electric vehicles, which reached 6,750 thousand units in 2021 from 3,240 thousand units in 2020.

Key Drivers

 Rising Middle Class and Aging Population
 Automotive Manufacturing Expansion
 Technological Advancements
 Industrialization in Asia-Pacific

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Market Dynamics

Increasing Demand for Lithium-Ion Batteries which is essential for electric vehicles and electronic devices. Adoption of Eco-Friendly Practices which supports cleaner energy solutions. Industrial Applications such as usage in oil & gas, automotive, industrial, and medical sectors. These are the market drivers of Ethylene Carbonate Market.

Competitive Landscape for Ethylene Carbonate Market:

In line with their sustainability objectives, BASF SE obtained €124.3 million in November 2023 from the German government and Rhineland-Palatinate to construct a 54-megawatt water electrolysis plant for the generation of CO2-free hydrogen.

Lotte Chemical announced in February 2022 that it would invest $502 million to build a plant in Daesan, South Korea, that will produce organic solvents with high purity for use in electric vehicle batteries.

Huntsman Corporation declared in June 2021 that it would be expanding its ultrapure ethylene carbonate factory in Conroe, Texas, to meet the growing demand for lithium-ion batteries in electric vehicles.

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by Form

 Solid
 Liquid

by Application

 Lubricants
 Surface Coatings
 Lithium Battery Electrolyte
 Plasticizers

by End-User

 Automotive
 Industrial
 Oil & Gas
 Medical
 Personal care & Hygiene

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-ethylene-carbonate-market/6324/

Key questions answered in the Ethylene Carbonate Market are:

1] What is the growth rate of the Ethylene Carbonate Market?
2] Which region is expected to hold the highest share in the Ethylene Carbonate Market?
3] What is the market size of the Ethylene Carbonate Market?
4] What is the forecast period for the Ethylene Carbonate Market?
5] What segments are covered in the Ethylene Carbonate Market report?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Regional analysis, Segment Analysis, Competitive landscape
• Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region

Maximize Market Research has also published reports related to Ethylene Carbonate Market are:

 Glycerol Carbonate Market was valued at the US $ 1.45 Bn. in 2023, and it is expected to reach US $ 2.39 Bn. by 2030 with a CAGR of 7.43%

https://www.maximizemarketresearch.com/market-report/global-glycerol-carbonate-market/119135/

 Dimethyl Carbonate Market was valued at US $847.20 Mn. in 2023, and it is expected to reach at a CAGR of 6.25%

https://www.maximizemarketresearch.com/market-report/global-dimethyl-carbonate-market/114977/

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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