1. What is the projected Compound Annual Growth Rate (CAGR) of the Ethylene Carbonate Market?
The projected CAGR is approximately 11.1%.
Ethylene Carbonate Market by Grade (Battery Grade, Electronic Grade, Industrial Grade), by Application (Lithium Battery Electrolyte, Polymers & Resins, Semiconductor, Lubricants, Others), by End-use (Automotive, Electronics, Industrial, Healthcare, Others), by By Geography (North America) Forecast 2025-2033
The Ethylene Carbonate Market size was valued at USD 150.5 USD Million in 2023 and is projected to reach USD 314.44 USD Million by 2032, exhibiting a CAGR of 11.1 % during the forecast period. Ethylene carbonate disparity is based on rising demand for various utilizations with the cyclic organic compound having an application as a solvent in industries. Ethylene carbonate is a current multi-solvent for polymers that is increasingly used in lithium-ion cell electrolytes, pharmaceuticals, and coating since it is a non-toxic solvent. The unusual features of this compound, characterized as high polarity and low viscosity, allow for the optimization of the superionic final product, which additionally improves battery performance and stability. Apart from ethylene carbonate which does not have any other distinct types, plastic grades can have different purity levels based on the intended applications. Major trends in the ethylene carbonate market are its fast-growing requirement led by the electric vehicle market and the widespread use of renewable energy storage devices. As the industry continues to look for more eco-friendly and effective energy storage solutions, ethylene carbonate (EC) is expected to play a more critical role within this sphere of power leading to even further development and growth within the sector.
Grade:
Application:
End-use:
This market report provides comprehensive coverage of the following aspects:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 11.1% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 11.1%.
Key companies in the market include BASF SE (Germany), Huntsman International LLC (U.S.), Indorama Ventures Public Company Limited (Thailand), Lotte Chemical (South Korea), Mitsubishi Chemical Group Corporation (Japan), Hi-Tech Spring (China), Oriental Union Chemical Corporation (OUCC) (Taiwan), Shandong Haike Chemical Group (China), Shandong Shida Shenghua Chemical Group Co. Ltd. (China), Toagosei Co., Ltd. (Japan).
The market segments include Grade, Application, End-use.
The market size is estimated to be USD 150.5 USD Million as of 2022.
Lithium Ion Battery and Supercapacitor to Act as a Growth Engine for the Market Expansion.
Trend of Vehicle Electrification to Drive Market Growth.
Environmental Concerns Associated With Conventional Production Method May Hamper the Supply Demand Equation during Mid-Term Forecast.
August 2022: Under its Vision 2030, Indorama Ventures Public Company Limited (IVL) partnered with Capchem Technology USA Inc. to establish a new lithium-ion battery solvents plant on the U.S. Gulf Coast.
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The market size is provided in terms of value, measured in USD Million and volume, measured in Kilotons.
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