Ethylene Carbonate Market Insights and Growth Opportunities in 2024: An Extensive Analysis - Dow Chemical Company, Eastman Chemical Company, Chemical Corporation

Global Ethylene Carbonate Market reached US$ 465.3 million in 2023 and is expected to reach US$ 1,135.7 million by 2031 growing with a CAGR of 11.8% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Ethylene Carbonate Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The Ethylene Carbonate market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

The demand for ethylene carbonate is rising due to its role in lithium-ion batteries, where it serves as a safe, efficient solvent and enhances battery performance, particularly in automotive and consumer electronics. Additionally, ethylene carbonate technology, combining ceramic compounds for thermal insulation, is applied in solar cell and battery manufacturing. It is also widely used as a solvent in industrial and pharmaceutical applications, including battery electrolytes and coatings. With advancements in production technology and growing demand across industries, the market outlook remains strong for ethylene carbonate.

Key Developments:

On 8 February 2022, Lotte Chemical, a leading global chemical company, began construction on a new manufacturing plant in Daesan, South Korea, with an estimated cost of $10.2 billion. This facility, set to be the largest in the region, is expected to boost the local economy by creating new jobs.

In July 2022, Indorama Ventures and Capchem launched a project to build a carbonate solvents plant, supplying ethylene carbonate to the North American lithium-ion battery market.

On 27 December 2022, researchers at Lawrence Berkeley National Laboratory developed an eco-friendly refrigerator using an ethylene carbonate solvent and sodium iodide salt.

Forecast Growth Projected:

The Global Ethylene Carbonate Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Ethylene Carbonate Market:

Dow Chemical Company, Eastman Chemical Company, Chemical Corporation, Shin-Etsu Chemical Co. Ltd., LyondellBasell Industries N.V., Merck Group, The Chemours Company, Perstorp AB, Huntsman Corporation, AkzoNobel NV.

Segment Covered in the Ethylene Carbonate Market:

By Form: Solid, Liquid

By Application: Coating, Plasticizers, Lubricants, Battery Electrolytes, Others

By End-User: Automotive, Oil and Gas, Pharmaceutical, Personal care and Hygiene, Industrial, Others

Regional Analysis:

The global Ethylene Carbonate Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Ethylene Carbonate Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Ethylene Carbonate Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Ethylene Carbonate manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Ethylene Carbonate in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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FAQs

How big is the Ethylene Carbonate Market?

The Ethylene Carbonate Market size was USD 465.3 million in 2023. It is expected to reach USD 1,135.7 million in 2031.

How fast is the Ethylene Carbonate Market growing?

The Ethylene Carbonate Market will exhibit a CAGR of 11.8% during the forecast period, 2024-2031.

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