Press release
Ethylene Carbonate Market its estimated size will be worth USD 1101.8 Million by 2030
The ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ size was valued at USD 483.1 Million in 2023 and the total 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 2030.๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Ethylene carbonate is a versatile solvent with a melting point of around 36ยฐC, making it an ideal candidate for various industries such as lithium-ion battery electrolytes, lubricants, plastics, resins, and surface coatings. The growing demand for electric vehicles, renewable energy storage systems, and portable electronics has spurred its use, particularly in the automotive and electronics sectors. The market is expanding as industries focus on eco-friendly alternatives and cleaner energy solutions, propelled by government regulations and technological advancements in battery technology. The key players, such as BASF SE, Huntsman International LLC, and Oriental Union Chemical Corporation (OUCC), continue to drive innovations and maintain market dominance.
๐๐ฑ๐ฉ๐๐ซ๐ข๐๐ง๐๐ ๐ญ๐ก๐ ๐๐ฎ๐๐ฅ๐ข๐ญ๐ฒ ๐ ๐ข๐ซ๐ฌ๐ญ๐ก๐๐ง๐ - ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐: https://www.maximizemarketresearch.com/request-sample/6324/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ:
The increasing adoption of lithium-ion batteries, particularly in electric vehicles and consumer electronics, is one of the major drivers for the growth of the ethylene carbonate market. The global shift toward electric vehicles has led to a surge in demand for battery electrolytes, where ethylene carbonate plays a crucial role as a solvent. Additionally, the rise in the adoption of eco-friendly energy solutions and technological advancements in the automotive and electronics sectors are further accelerating market growth. As governments implement stricter environmental regulations and support sustainable practices, the demand for ethylene carbonate is expected to rise substantially.
๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The ethylene carbonate market is seeing several key trends, such as a surge in the demand for electric vehicles, which is driving growth in the automotive and battery industries. A growing focus on renewable energy storage systems and eco-friendly applications has also contributed to the expansion of the market. Manufacturers are increasingly investing in innovative production techniques to enhance the safety, efficiency, and cost-effectiveness of ethylene carbonate. Additionally, there is a notable shift toward using ethylene carbonate in high-end applications, such as medical devices, which further demonstrates its versatility and potential for growth across various sectors.
๐๐๐ฏ๐ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ? ๐๐'๐ซ๐ ๐๐๐๐๐ฒ ๐ญ๐จ ๐๐๐ฅ๐ฉ - ๐๐ฌ๐ค ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/inquiry-before-buying/6324/
๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
The growing emphasis on sustainability and the global push for cleaner energy sources present significant opportunities for the ethylene carbonate market. Ethylene carbonate's use in lithium-ion batteries and as a solvent in renewable energy applications positions it well for continued growth. As electric vehicle adoption increases and the demand for energy-efficient technologies expands, there are ample opportunities for companies to tap into these sectors. Furthermore, expanding into emerging markets, especially in Asia-Pacific, with large-scale industrial and infrastructure developments, presents a substantial growth potential for ethylene carbonate producers.
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ?
The Asia-Pacific region holds a dominant position in the ethylene carbonate market, accounting for more than half of the global market share. Countries like China, Japan, and India are leading the demand due to their substantial automotive, electronics, and battery industries. In particular, government initiatives promoting electric vehicles have spurred demand for ethylene carbonate as a crucial component in lithium-ion battery production. The North American market is also witnessing significant growth, driven by advancements in battery technology and the rising popularity of electric vehicles. Europe is emerging as a key player, with a growing focus on sustainability, green technologies, and eco-friendly energy solutions further boosting the demand for ethylene carbonate.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐จ๐ฎ ๐๐ฎ๐ฒ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ซ๐: https://www.maximizemarketresearch.com/request-sample/6324/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ:
by Form
Solid
Liquid
by Application
Lubricants
Surface Coatings
Lithium Battery Electrolyte
Plasticizers
by End-User
Automotive
Industrial
Oil & Gas
Medical
Personal care & Hygiene
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐๐จ๐ง๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. Huntsman International LLC (Texas)
2. ALFA AESAR (U.S.)
3. Dow Chemical Company (Michigan)
4. Ashland Global Holdings Inc. (Wilmington)
5. Thermo Fisher Scientific Inc. (Waltham)
6. Empower materials (New Castle)
7. BASF SE (Germany)
8. Merck KGaA (Germany)
9. Mitsubishi Chemical Corporation (Japan)
10. Tokyo Chemical Industry Co. Ltd
11. Toagosei Co., Ltd. (Tokyo)
12. Asahi Kasei(Japan)
13. Taixing Taida Fine Chemical Co. Ltd
14. New Japan Chemical Co. Ltd (Japan)
15. Prasol chemicals (China)
16. Liaoning Ganglong Chemical Co. Ltd, (China)
17. Shandong Senjie Cleantech Co. Ltd. (China)
18. Shandong Shida Shenghua Chemical Group Co. Ltd. (Shandong, China)
19. Zibo Donghai Industries Co., Ltd. (China)
20. Oriental Union Chemical Corporation (OUCC) (Taiwan)
21. Fujifilm Wako Chemical Corporation,
22. LG Chem America Inc. (South Korea)
23. DUBI Chem
24. Shandong Lixing Advanced Material Co., Ltd.
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/global-ethylene-carbonate-market/6324/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Ethylene Carbonate Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Ethylene Carbonate Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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