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Electronic Grade Ethylene Carbonate Market Share Driven by Growth in Lithium Battery and Capacitor Applications | Valuates Reports
Electronic Grade Ethylene Carbonate - Market SizeThe global market for Electronic Grade Ethylene Carbonate was estimated to be worth US$ 154 million in 2023 and is forecast to a readjusted size of US$ 243.9 million by 2030 with a CAGR of 6.2% during the forecast period 2024-2030.
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The Electronic Grade Ethylene Carbonate Market is experiencing robust market growth, fueled by the increasing demand for high-performance lithium-ion batteries and advanced electronic components. Market trends indicate that the expanding adoption of electric vehicles, portable electronics, and energy storage systems is significantly boosting the overall market size for high-purity ethylene carbonate used in electrolytes.
By type, the market is segmented into 0.999, 0.995, and others. The 0.999 segment holds the largest market share due to its superior purity and performance in critical battery and capacitor applications. The 0.995 segment is witnessing rapid growth, supported by its cost-effectiveness and increasing adoption in standard energy storage and electronic systems. The "others" category contributes to market diversity by serving specialized industrial applications.
By application, the lithium battery electrolytes segment dominates the market share, driven by the surge in EV production, energy storage solutions, and consumer electronics. The capacitor electrolytes segment is also expected to see significant market growth, benefiting from the rising need for high-stability electronic components in industrial and consumer applications. Other niche applications further contribute to the expanding market landscape.
Looking ahead, the Electronic Grade Ethylene Carbonate market forecast highlights strong opportunities due to ongoing innovations in battery technologies, rising global EV adoption, and increased investment in high-capacity energy storage systems. The market is expected to continue its growth trajectory, with high-purity ethylene carbonate maintaining a critical role in the advancement of next-generation electronics and energy storage solutions.
Segment by Type:
• 0.999
• 0.995
• Others
Segment by Application
• Lithium Battery Electrolytes
• Capacitor Electrolytes
• Others
By Company
Mitsubishi Chemical, Toagosei, Solvay, Huntsman, Fujifilm, Taida Chemical, Lixing Chemical
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