Global Ethylene Carbonate Market, By Application (Lithium Battery Electrolytes, Lubricants, Plastici

Published Date: | Report Code : CH1958357

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The Ethylene Carbonate Market is expected to promise high growth owing to Increasing demand of lithium-ion batteries in the recent years. Increasing demand from Applications including Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings is expected to drive the growth of ethylene carbonate market. This market has witnessed number of key developments by major companies including Asahi Kasei, Empower Materials, TCI Chemicals, BASF SE, Merck, Thermo Fisher Scientific with focus on organic as well as inorganic growth strategies.  Developing regions including Asia Pacific and Middle East have been among the high potential markets with high growth in some of the key economies.

Ethylene carbonate is an organic compound with formula (CH2O)2CO which is made by reaction of ethylene oxide and carbon dioxide in the presence of a catalyst.. it is an organic compound, and is colorless to yellowish solid.

Segment Analysis:

On the basis of End-User, it is segmented into Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings. Lithium batteries mostly make use of ethylene carbonate. the rising demand for lithium batteries is fuelling the growth of the ethylene carbonate market. There has been a significant rise in the demand for lubricants, owing to the growth of the automotive sector.

By end-user, it is divided into Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene. Ethylene carbonate is most widely used in automotive sectors as lubricants. These lubricants are usually used for collecting, cleaning, and cooling the engine of a vehicle. The rising demand for automotive and the disposable income of people has propelled the growth of this segment.

Key Factors Impacting Market Growth:

  • Increasing demand for lubricants

  • It has better properties like solubility, polarity, and higher boiling point when compared to other conventional solvents

  • Increasing demand of lithium-ion batteries

Regional Analysis:

On the basis of the region, the ethylene carbonate market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in the ethylene carbonate market during the forecast period. This demand is with regard to the growth of major end-use industries such as Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for ethylene carbonate market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the ethylene carbonate market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Asahi Kasei, Empower Materials, TCI Chemicals, BASF SE, Merck KGaA, Thermo Fisher Scientific, Huntsman Corporation, Oriental Union Chemical Corporation, Mitsubishi Chemicals, Toagosei Co., Ltd., and New Japan Chemical Co., Ltd.

Market Segmentation:

By Application:

  • Lithium Battery Electrolytes

  • Lubricants

  • Plasticizers

  • Surface Coatings

By End-User:

  • Automotive

  • Oil & Gas

  • Industrial

  • Medical

  • Personal Care & Hygiene

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Application

    • By End-User

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Application

    • By End-User

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Application

    • By End-User

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Application

    • By End-User

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Application

    • By End-User

  • Rest of the World

    • By Region (South America, Africa)

    • By Application

    • By End-User

Reasons to Buy This Report:

  • Market size estimation of the global ethylene carbonate market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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