Ethylene Carbonate Market by Application (Lubricants, Lithium Battery Electrolyte, Plasticizers, Surface Coatings), End-Use Industry (Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene), and Region - Global Forecast to 2029
The global ethylene carbonate market will rise from USD 0.8 billion in 2024 to USD 1.5 billion by 2029, at a CAGR of 14.4% from 2024 to 2029. The growth in the industrial sector drives the ethylene carbonate industry. Industrial machinery requires lubricants for smooth functioning and reduced wear & tear. Also, many machines utilize surface coatings to reduce the risk of rusting and chemical attack. These manufacturers of lubricants and surface coatings increasingly use ethylene carbonate as a highly polar solvent. Moreover, increased demand for electric vehicles has pushed for battery electrolyte requirements, translating into growth for the ethylene carbonate market. However, factors such as the scarcity of raw materials and regulations on the use of ethylene carbonates are likely to hinder the market's growth.
“The rapid growth of the liquid form is primarily attributed to its excellent polar solvency capacity.”
The ethylene carbonate market is segmented into solid and liquid forms, with the liquid form expected to experience the fastest growth rate during the forecast period. Liquid ethylene carbonate is a highly polar solvent capable of effectively dissolving significant solutes, including electrolytes and various chemicals. As a result, it has extensive applications in industries such as lithium battery electrolytes and solvents and as a reagent in multiple processes.
“Lithium battery electrolytes accounted for the larger share of the ethylene carbonate market primarily due to the rapid growth in demand for lithium-ion batteries.”
The ethylene carbonate market is segmented based on applications such as lubricants, lithium battery electrolytes, plasticizers, surface coatings, etc. Among these applications, lithium battery electrolytes accounted for the larger share of the market in 2023. Lithium-ion batteries are extensively used in various applications such as consumer electronics, electric vehicles, and energy storage systems. Ethylene carbonate is a crucial component in the formulation of electrolytes for lithium-ion batteries due to its ability to improve the performance and stability of these batteries. As the market for lithium-ion batteries expands globally, driven by the shift towards electric mobility and renewable energy solutions, the demand for ethylene carbonate as a key electrolyte material has correspondingly increased, contributing to its significant market share.
“The increasing adoption of electric vehicles has driven the demand for ethylene carbonate within the automotive sector.”
The automotive sector thrives as manufacturers strive to reduce volatile organic compounds (VOCs) emissions, contributing to smog formation. Efforts include adopting lightweight materials like plastics, leading to increased demand for plasticizers such as ethylene carbonate. Additionally, the global adoption of electric vehicles has steadily risen over the past five years, driving sales of ethylene carbonate, particularly in applications such as lubricants and battery electrolytes within the automotive industry.
“Asia Pacific is projected to experience the highest growth rate in the forecast period.”
Asia Pacific is anticipated to achieve the highest growth rate in the forecast period, driven by countries like China, Japan, South Korea, and India, which are prominent hubs for manufacturing batteries, lubricants, paints, and coatings. The economic growth in these significant countries has spurred expansion in the industrial and automotive sectors, fostering increased demand for ethylene carbonate across diverse applications. Meanwhile, Europe is expected to hold the second-largest market size by the end of the forecast period.
Breakdown of primary interviews for the report on the ethylene carbonate market
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the ethylene carbonate marketplace.
Research Coverage:
The report defines, segments, and projects the ethylene carbonate market size-based derivative, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as new product development, agreements, acquisitions, and expansions they undertake in the market.
Reasons to Buy the Report:
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall ethylene carbonate market and the subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“The rapid growth of the liquid form is primarily attributed to its excellent polar solvency capacity.”
The ethylene carbonate market is segmented into solid and liquid forms, with the liquid form expected to experience the fastest growth rate during the forecast period. Liquid ethylene carbonate is a highly polar solvent capable of effectively dissolving significant solutes, including electrolytes and various chemicals. As a result, it has extensive applications in industries such as lithium battery electrolytes and solvents and as a reagent in multiple processes.
“Lithium battery electrolytes accounted for the larger share of the ethylene carbonate market primarily due to the rapid growth in demand for lithium-ion batteries.”
The ethylene carbonate market is segmented based on applications such as lubricants, lithium battery electrolytes, plasticizers, surface coatings, etc. Among these applications, lithium battery electrolytes accounted for the larger share of the market in 2023. Lithium-ion batteries are extensively used in various applications such as consumer electronics, electric vehicles, and energy storage systems. Ethylene carbonate is a crucial component in the formulation of electrolytes for lithium-ion batteries due to its ability to improve the performance and stability of these batteries. As the market for lithium-ion batteries expands globally, driven by the shift towards electric mobility and renewable energy solutions, the demand for ethylene carbonate as a key electrolyte material has correspondingly increased, contributing to its significant market share.
“The increasing adoption of electric vehicles has driven the demand for ethylene carbonate within the automotive sector.”
The automotive sector thrives as manufacturers strive to reduce volatile organic compounds (VOCs) emissions, contributing to smog formation. Efforts include adopting lightweight materials like plastics, leading to increased demand for plasticizers such as ethylene carbonate. Additionally, the global adoption of electric vehicles has steadily risen over the past five years, driving sales of ethylene carbonate, particularly in applications such as lubricants and battery electrolytes within the automotive industry.
“Asia Pacific is projected to experience the highest growth rate in the forecast period.”
Asia Pacific is anticipated to achieve the highest growth rate in the forecast period, driven by countries like China, Japan, South Korea, and India, which are prominent hubs for manufacturing batteries, lubricants, paints, and coatings. The economic growth in these significant countries has spurred expansion in the industrial and automotive sectors, fostering increased demand for ethylene carbonate across diverse applications. Meanwhile, Europe is expected to hold the second-largest market size by the end of the forecast period.
Breakdown of primary interviews for the report on the ethylene carbonate market
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the ethylene carbonate marketplace.
- By Company Type - Tier 1: 55%, Tier 2: 30%, and Tier 3: 15%
- By Designation - C Level: 21%, Directors: 23%, Others: 56%
- By Region – North America: 45%, Europe: 27%, APAC: 15%, Middle East & Africa: 6% and South America: 7%
Research Coverage:
The report defines, segments, and projects the ethylene carbonate market size-based derivative, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as new product development, agreements, acquisitions, and expansions they undertake in the market.
Reasons to Buy the Report:
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall ethylene carbonate market and the subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of critical drivers (Growing demand for ethylene carbonate in lithium battery electrolyte and lubricant applications), restraints (Volatility in raw material prices), opportunities (Emergence of lithium-sulfur batteries), and challenges (Fluctuating oil & gas prices) influencing the growth of the ethylene carbonate market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the ethylene carbonate market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the ethylene carbonate market across varied regions.
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the ethylene carbonate market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Oriental Union Chemical Corporation (Taiwan), Huntsman (US), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Mitsubishi Chemical (Japan), and Toagosei Co., Ltd. (Japan) are the leading ethylene carbonate players, globally. Asahi Kasei (Japan), New Japan Chemical Co. Ltd (Japan), Zibo Donghai Industries Co. Ltd. (China), and Shandong Senjie Cleantech Co. Ltd (China), among others, in the ethylene carbonate market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS OF STUDY
1.3 MARKET SCOPE
1.3.1 ETHYLENE CARBONATE MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key insights
2.1.2.3 List of participating companies for primary research
2.1.2.4 Breakdown of primary interviews
2.2 BASE NUMBER CALCULATION
2.2.1 SUPPLY-SIDE APPROACH
2.2.2 DEMAND-SIDE APPROACH–1
2.2.3 DEMAND-SIDE APPROACH–2
2.3 MARKET SIZE ESTIMATION
2.3.1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4 DATA TRIANGULATION
2.5 ASSUMPTIONS
2.6 LIMITATIONS & RISK ASSESSMENT
2.7 IMPACT OF RECESSION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN ETHYLENE CARBONATE MARKET
4.2 ETHYLENE CARBONATE MARKET, BY FORM, 2024 VS. 2029 (TON)
4.3 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION AND COUNTRY (2023)
4.4 ETHYLENE CARBONATE MARKET: MAJOR COUNTRIES
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing demand in lithium-ion battery electrolyte and
lubricant applications
5.2.1.2 Massive industrial growth in Asia Pacific and Africa
5.2.2 RESTRAINTS
5.2.2.1 Volatility in raw material prices
5.2.2.2 Use of highly toxic raw materials in production of ethylene carbonate
5.2.3 OPPORTUNITIES
5.2.3.1 Emergence of lithium-sulfur batteries
5.2.3.2 Increasing use of bio-based plasticizers
5.2.4 CHALLENGES
5.2.4.1 Fluctuating oil & gas prices
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF SUPPLIERS
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 SUPPLY CHAIN ANALYSIS
5.5 CASE STUDY ANALYSIS
5.6 PRICING ANALYSIS
5.6.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
5.7 TRADE ANALYSIS
5.7.1 IMPORT SCENARIO
5.7.2 EXPORT SCENARIO
5.8 PRODUCTION COST ANALYSIS
5.9 REGULATORY LANDSCAPE
5.9.1 INTRODUCTION
5.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.11 INVESTMENT AND FUNDING SCENARIO
5.12 ECOSYSTEM/MARKET MAP OF ETHYLENE CARBONATE
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.13.2 BUYING CRITERIA
5.14 PATENT ANALYSIS
5.14.1 MAJOR PATENTS
5.15 TECHNOLOGY ANALYSIS
5.15.1 KEY TECHNOLOGIES
5.15.1.1 Epoxidation of ethylene
5.15.1.2 Direct synthesis via urea alcoholysis
5.15.1.3 Electrochemical reduction
5.15.2 COMPLEMENTARY TECHNOLOGIES
5.15.2.1 Catalyst regeneration techniques
5.15.2.2 Heat recovery systems
5.15.2.3 Process simulation software
5.15.3 ADJACENT TECHNOLOGIES
5.15.3.1 Carbon capture and utilization
5.15.3.2 Biomass to chemicals
5.15.3.3 Advanced catalysis
5.16 KEY CONFERENCES AND EVENTS IN 2024–2025
6 ETHYLENE CARBONATE MARKET, BY FORM
6.1 INTRODUCTION
6.2 SOLID
6.2.1 USAGE IN MULTIPLE APPLICATIONS TO DRIVE MARKET
6.3 LIQUID
6.3.1 GROWING USE IN LITHIUM-ION BATTERY ELECTROLYTES TO PROPEL MARKET
7 ETHYLENE CARBONATE MARKET, BY APPLICATION
7.1 INTRODUCTION
7.2 LITHIUM BATTERY ELECTROLYTES
7.2.1 INCREASING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET
7.3 LUBRICANTS
7.3.1 INCREASED USE IN VARIOUS INDUSTRIES TO SUPPORT ADOPTION
7.4 SURFACE COATINGS
7.4.1 INCREASING USE OF SURFACE COATINGS IN END-USE INDUSTRIES
TO DRIVE MARKET
7.5 PLASTICIZERS
7.5.1 INCREASED DEMAND FOR POLYVINYL CARBONATE MANUFACTURING
TO SUPPORT MARKET GROWTH
7.6 OTHER APPLICATIONS
8 ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY
8.1 INTRODUCTION
8.2 AUTOMOTIVE
8.2.1 GROWING DEMAND FOR LITHIUM-ION BATTERIES IN ELECTRIC VEHICLES
TO DRIVE MARKET
8.3 INDUSTRIAL
8.3.1 DEMAND FOR ETHYLENE CARBONATE AS LUBRICANT STABILIZER
TO BE STEADY
8.4 OIL & GAS
8.4.1 INCREASING INVESTMENTS IN CHEMICAL & PETROCHEMICAL PROJECTS
TO SUPPORT MARKET GROWTH
8.5 MEDICAL
8.5.1 INCREASED USAGE IN MEDICAL DIAGNOSIS AS NANOPARTICLES
TO PROPEL MARKET
8.6 PERSONAL CARE & HYGIENE
8.6.1 INCREASING PER CAPITA SPENDING TO DRIVE GROWTH
8.7 OTHER END-USE INDUSTRIES
9 ETHYLENE CARBONATE MARKET, BY REGION
9.1 INTRODUCTION
9.2 ASIA PACIFIC
9.2.1 RECESSION IMPACT
9.2.2 CHINA
9.2.2.1 High demand for electric vehicles to drive market
9.2.3 JAPAN
9.2.3.1 Rising demand for lithium-ion batteries to propel market
9.2.4 SOUTH KOREA
9.2.4.1 Rising demand from automotive industry to drive market
9.2.5 TAIWAN
9.2.5.1 Increasing exports of ethylene carbonate to support market growth
9.2.6 REST OF ASIA PACIFIC
9.3 EUROPE
9.3.1 RECESSION IMPACT
9.3.2 GERMANY
9.3.2.1 Robust automotive industry to boost market
9.3.3 UK
9.3.3.1 Growing demand for lithium battery electrolytes and lubricants
to drive market
9.3.4 FRANCE
9.3.4.1 Rising demand from chemical industry to boost market
9.3.5 ITALY
9.3.5.1 Increased investments in chemical industry to support market growth
9.3.6 TURKEY
9.3.6.1 Growth in automotive industry to drive market
9.3.7 RUSSIA
9.3.7.1 Growth in oil & gas and automotive industries to propel market
9.3.8 REST OF EUROPE
9.4 NORTH AMERICA
9.4.1 RECESSION IMPACT
9.4.2 US
9.4.2.1 Increasing production of battery electrolytes to drive market
9.4.3 CANADA
9.4.3.1 Increasing use of ethylene carbonate in diversified applications
to propel market
9.4.4 MEXICO
9.4.4.1 Growing number of automobile manufacturing facilities
to aid market growth
9.5 MIDDLE EAST & AFRICA
9.5.1 RECESSION IMPACT
9.5.2 GCC COUNTRIES
9.5.2.1 UAE
9.5.2.1.1 Increasing applications in automotive industry
to aid market growth
9.5.2.2 Saudi Arabia
9.5.2.2.1 Rising chemical exports to drive market
9.5.2.3 Rest of GCC countries
9.5.3 SOUTH AFRICA
9.5.3.1 Increasing demand from medical industry to drive demand
9.5.4 REST OF MIDDLE EAST & AFRICA
9.6 SOUTH AMERICA
9.6.1 RECESSION IMPACT
9.6.2 BRAZIL
9.6.2.1 Rise in automobile manufacturing to favor market growth
9.6.3 ARGENTINA
9.6.3.1 Manufacturing sector contributes significantly to GDP
9.6.4 REST OF SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 STRATEGIES ADOPTED BY KEY PLAYERS
10.2.1 OVERVIEW OF STRATEGIES ADOPTED BY ETHYLENE CARBONATE MANUFACTURERS
10.3 REVENUE ANALYSIS
10.4 MARKET SHARE ANALYSIS
10.4.1 RANKING OF KEY PLAYERS
10.5 BRAND/PRODUCT COMPARISON ANALYSIS
10.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
10.6.1 STARS
10.6.2 EMERGING LEADERS
10.6.3 PERVASIVE PLAYERS
10.6.4 PARTICIPANTS
10.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
10.6.5.1 Company footprint
10.6.5.2 Application footprint
10.6.5.3 Form footprint
10.6.5.4 End-use industry footprint
10.6.5.5 Region footprint
10.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
10.7.1 PROGRESSIVE COMPANIES
10.7.2 RESPONSIVE COMPANIES
10.7.3 DYNAMIC COMPANIES
10.7.4 STARTING BLOCKS
10.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
10.8 VALUATION AND FINANCIAL METRICS OF ETHYLENE CARBONATE MANUFACTURERS
10.9 COMPETITIVE SCENARIO
10.9.1 DEALS
10.9.2 EXPANSIONS
10.9.3 OTHER DEVELOPMENTS
11 COMPANY PROFILES
(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Deals, Key strengths, Strategic choices, Weaknesses and competitive threats) *
11.1 INTRODUCTION
11.2 KEY PLAYERS
11.2.1 ORIENTAL UNION CHEMICAL CORPORATION
11.2.2 MITSUBISHI CHEMICAL GROUP CORPORATION
11.2.3 HUNTSMAN INTERNATIONAL LLC
11.2.4 TOAGOSEI CO., LTD.
11.2.5 SHIDA SHENGHUA NEW MATERIALS GROUP CO., LTD.
11.2.6 SHANDONG SENJIE CLEANTECH CO., LTD.
11.2.7 DUBI CHEM MARINE INTERNATIONAL
11.2.8 ZIBO DONGHAI INDUSTRIES CO., LTD.
11.2.9 TOKYO CHEMICAL INDUSTRY CO., LTD.
11.2.10 TAIXING TAIDA FINE CHEMICAL CO., LTD.
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Deals, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
11.3 OTHER PLAYERS
11.3.1 EMPOWER MATERIALS
11.3.2 ZHENGZHOU MEIYA CHEMICAL PRODUCTS CO., LTD.
11.3.3 OTTO CHEMIE PVT. LTD.
11.3.4 VIZAG CHEMICAL INTERNATIONAL
11.3.5 FUJIFILM WAKO PURE CHEMICAL CORPORATION
11.3.6 RX MARINE INTERNATIONAL
11.3.7 ANTARES CHEM PRIVATE LIMITED
11.3.8 SHANDONG LIXING CHEMICAL CO., LTD.
11.3.9 DONGYING HI-TECH SPRING CHEMICAL INDUSTRY CO., LTD.
11.3.10 HEFEI TNJ CHEMICAL INDUSTRY CO., LTD.
12 ADJACENT AND INTERCONNECTED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 INTERCONNECTED MARKETS
12.3.1 DIMETHYL CARBONATE MARKET
12.3.1.1 Market definition
12.3.1.2 Market overview
12.3.2 DIMETHYL CARBONATE MARKET, BY GRADE
12.3.2.1 Industrial grade (>99.0% weight)
12.3.2.1.1 Expanding electronics and automotive industries
to drive market
12.3.2.2 Pharmaceutical grade (>99.5% weight)
12.3.2.2.1 Presence of large number of leading players
to support market growth
12.3.2.3 Battery grade (>99.9% weight)
12.3.2.3.1 Growing demand for electric vehicles to drive market
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS OF STUDY
1.3 MARKET SCOPE
1.3.1 ETHYLENE CARBONATE MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key insights
2.1.2.3 List of participating companies for primary research
2.1.2.4 Breakdown of primary interviews
2.2 BASE NUMBER CALCULATION
2.2.1 SUPPLY-SIDE APPROACH
2.2.2 DEMAND-SIDE APPROACH–1
2.2.3 DEMAND-SIDE APPROACH–2
2.3 MARKET SIZE ESTIMATION
2.3.1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4 DATA TRIANGULATION
2.5 ASSUMPTIONS
2.6 LIMITATIONS & RISK ASSESSMENT
2.7 IMPACT OF RECESSION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN ETHYLENE CARBONATE MARKET
4.2 ETHYLENE CARBONATE MARKET, BY FORM, 2024 VS. 2029 (TON)
4.3 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION AND COUNTRY (2023)
4.4 ETHYLENE CARBONATE MARKET: MAJOR COUNTRIES
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing demand in lithium-ion battery electrolyte and
lubricant applications
5.2.1.2 Massive industrial growth in Asia Pacific and Africa
5.2.2 RESTRAINTS
5.2.2.1 Volatility in raw material prices
5.2.2.2 Use of highly toxic raw materials in production of ethylene carbonate
5.2.3 OPPORTUNITIES
5.2.3.1 Emergence of lithium-sulfur batteries
5.2.3.2 Increasing use of bio-based plasticizers
5.2.4 CHALLENGES
5.2.4.1 Fluctuating oil & gas prices
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF SUPPLIERS
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 SUPPLY CHAIN ANALYSIS
5.5 CASE STUDY ANALYSIS
5.6 PRICING ANALYSIS
5.6.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
5.7 TRADE ANALYSIS
5.7.1 IMPORT SCENARIO
5.7.2 EXPORT SCENARIO
5.8 PRODUCTION COST ANALYSIS
5.9 REGULATORY LANDSCAPE
5.9.1 INTRODUCTION
5.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.11 INVESTMENT AND FUNDING SCENARIO
5.12 ECOSYSTEM/MARKET MAP OF ETHYLENE CARBONATE
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.13.2 BUYING CRITERIA
5.14 PATENT ANALYSIS
5.14.1 MAJOR PATENTS
5.15 TECHNOLOGY ANALYSIS
5.15.1 KEY TECHNOLOGIES
5.15.1.1 Epoxidation of ethylene
5.15.1.2 Direct synthesis via urea alcoholysis
5.15.1.3 Electrochemical reduction
5.15.2 COMPLEMENTARY TECHNOLOGIES
5.15.2.1 Catalyst regeneration techniques
5.15.2.2 Heat recovery systems
5.15.2.3 Process simulation software
5.15.3 ADJACENT TECHNOLOGIES
5.15.3.1 Carbon capture and utilization
5.15.3.2 Biomass to chemicals
5.15.3.3 Advanced catalysis
5.16 KEY CONFERENCES AND EVENTS IN 2024–2025
6 ETHYLENE CARBONATE MARKET, BY FORM
6.1 INTRODUCTION
6.2 SOLID
6.2.1 USAGE IN MULTIPLE APPLICATIONS TO DRIVE MARKET
6.3 LIQUID
6.3.1 GROWING USE IN LITHIUM-ION BATTERY ELECTROLYTES TO PROPEL MARKET
7 ETHYLENE CARBONATE MARKET, BY APPLICATION
7.1 INTRODUCTION
7.2 LITHIUM BATTERY ELECTROLYTES
7.2.1 INCREASING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET
7.3 LUBRICANTS
7.3.1 INCREASED USE IN VARIOUS INDUSTRIES TO SUPPORT ADOPTION
7.4 SURFACE COATINGS
7.4.1 INCREASING USE OF SURFACE COATINGS IN END-USE INDUSTRIES
TO DRIVE MARKET
7.5 PLASTICIZERS
7.5.1 INCREASED DEMAND FOR POLYVINYL CARBONATE MANUFACTURING
TO SUPPORT MARKET GROWTH
7.6 OTHER APPLICATIONS
8 ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY
8.1 INTRODUCTION
8.2 AUTOMOTIVE
8.2.1 GROWING DEMAND FOR LITHIUM-ION BATTERIES IN ELECTRIC VEHICLES
TO DRIVE MARKET
8.3 INDUSTRIAL
8.3.1 DEMAND FOR ETHYLENE CARBONATE AS LUBRICANT STABILIZER
TO BE STEADY
8.4 OIL & GAS
8.4.1 INCREASING INVESTMENTS IN CHEMICAL & PETROCHEMICAL PROJECTS
TO SUPPORT MARKET GROWTH
8.5 MEDICAL
8.5.1 INCREASED USAGE IN MEDICAL DIAGNOSIS AS NANOPARTICLES
TO PROPEL MARKET
8.6 PERSONAL CARE & HYGIENE
8.6.1 INCREASING PER CAPITA SPENDING TO DRIVE GROWTH
8.7 OTHER END-USE INDUSTRIES
9 ETHYLENE CARBONATE MARKET, BY REGION
9.1 INTRODUCTION
9.2 ASIA PACIFIC
9.2.1 RECESSION IMPACT
9.2.2 CHINA
9.2.2.1 High demand for electric vehicles to drive market
9.2.3 JAPAN
9.2.3.1 Rising demand for lithium-ion batteries to propel market
9.2.4 SOUTH KOREA
9.2.4.1 Rising demand from automotive industry to drive market
9.2.5 TAIWAN
9.2.5.1 Increasing exports of ethylene carbonate to support market growth
9.2.6 REST OF ASIA PACIFIC
9.3 EUROPE
9.3.1 RECESSION IMPACT
9.3.2 GERMANY
9.3.2.1 Robust automotive industry to boost market
9.3.3 UK
9.3.3.1 Growing demand for lithium battery electrolytes and lubricants
to drive market
9.3.4 FRANCE
9.3.4.1 Rising demand from chemical industry to boost market
9.3.5 ITALY
9.3.5.1 Increased investments in chemical industry to support market growth
9.3.6 TURKEY
9.3.6.1 Growth in automotive industry to drive market
9.3.7 RUSSIA
9.3.7.1 Growth in oil & gas and automotive industries to propel market
9.3.8 REST OF EUROPE
9.4 NORTH AMERICA
9.4.1 RECESSION IMPACT
9.4.2 US
9.4.2.1 Increasing production of battery electrolytes to drive market
9.4.3 CANADA
9.4.3.1 Increasing use of ethylene carbonate in diversified applications
to propel market
9.4.4 MEXICO
9.4.4.1 Growing number of automobile manufacturing facilities
to aid market growth
9.5 MIDDLE EAST & AFRICA
9.5.1 RECESSION IMPACT
9.5.2 GCC COUNTRIES
9.5.2.1 UAE
9.5.2.1.1 Increasing applications in automotive industry
to aid market growth
9.5.2.2 Saudi Arabia
9.5.2.2.1 Rising chemical exports to drive market
9.5.2.3 Rest of GCC countries
9.5.3 SOUTH AFRICA
9.5.3.1 Increasing demand from medical industry to drive demand
9.5.4 REST OF MIDDLE EAST & AFRICA
9.6 SOUTH AMERICA
9.6.1 RECESSION IMPACT
9.6.2 BRAZIL
9.6.2.1 Rise in automobile manufacturing to favor market growth
9.6.3 ARGENTINA
9.6.3.1 Manufacturing sector contributes significantly to GDP
9.6.4 REST OF SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 STRATEGIES ADOPTED BY KEY PLAYERS
10.2.1 OVERVIEW OF STRATEGIES ADOPTED BY ETHYLENE CARBONATE MANUFACTURERS
10.3 REVENUE ANALYSIS
10.4 MARKET SHARE ANALYSIS
10.4.1 RANKING OF KEY PLAYERS
10.5 BRAND/PRODUCT COMPARISON ANALYSIS
10.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
10.6.1 STARS
10.6.2 EMERGING LEADERS
10.6.3 PERVASIVE PLAYERS
10.6.4 PARTICIPANTS
10.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
10.6.5.1 Company footprint
10.6.5.2 Application footprint
10.6.5.3 Form footprint
10.6.5.4 End-use industry footprint
10.6.5.5 Region footprint
10.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
10.7.1 PROGRESSIVE COMPANIES
10.7.2 RESPONSIVE COMPANIES
10.7.3 DYNAMIC COMPANIES
10.7.4 STARTING BLOCKS
10.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
10.8 VALUATION AND FINANCIAL METRICS OF ETHYLENE CARBONATE MANUFACTURERS
10.9 COMPETITIVE SCENARIO
10.9.1 DEALS
10.9.2 EXPANSIONS
10.9.3 OTHER DEVELOPMENTS
11 COMPANY PROFILES
(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Deals, Key strengths, Strategic choices, Weaknesses and competitive threats) *
11.1 INTRODUCTION
11.2 KEY PLAYERS
11.2.1 ORIENTAL UNION CHEMICAL CORPORATION
11.2.2 MITSUBISHI CHEMICAL GROUP CORPORATION
11.2.3 HUNTSMAN INTERNATIONAL LLC
11.2.4 TOAGOSEI CO., LTD.
11.2.5 SHIDA SHENGHUA NEW MATERIALS GROUP CO., LTD.
11.2.6 SHANDONG SENJIE CLEANTECH CO., LTD.
11.2.7 DUBI CHEM MARINE INTERNATIONAL
11.2.8 ZIBO DONGHAI INDUSTRIES CO., LTD.
11.2.9 TOKYO CHEMICAL INDUSTRY CO., LTD.
11.2.10 TAIXING TAIDA FINE CHEMICAL CO., LTD.
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Deals, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
11.3 OTHER PLAYERS
11.3.1 EMPOWER MATERIALS
11.3.2 ZHENGZHOU MEIYA CHEMICAL PRODUCTS CO., LTD.
11.3.3 OTTO CHEMIE PVT. LTD.
11.3.4 VIZAG CHEMICAL INTERNATIONAL
11.3.5 FUJIFILM WAKO PURE CHEMICAL CORPORATION
11.3.6 RX MARINE INTERNATIONAL
11.3.7 ANTARES CHEM PRIVATE LIMITED
11.3.8 SHANDONG LIXING CHEMICAL CO., LTD.
11.3.9 DONGYING HI-TECH SPRING CHEMICAL INDUSTRY CO., LTD.
11.3.10 HEFEI TNJ CHEMICAL INDUSTRY CO., LTD.
12 ADJACENT AND INTERCONNECTED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 INTERCONNECTED MARKETS
12.3.1 DIMETHYL CARBONATE MARKET
12.3.1.1 Market definition
12.3.1.2 Market overview
12.3.2 DIMETHYL CARBONATE MARKET, BY GRADE
12.3.2.1 Industrial grade (>99.0% weight)
12.3.2.1.1 Expanding electronics and automotive industries
to drive market
12.3.2.2 Pharmaceutical grade (>99.5% weight)
12.3.2.2.1 Presence of large number of leading players
to support market growth
12.3.2.3 Battery grade (>99.9% weight)
12.3.2.3.1 Growing demand for electric vehicles to drive market
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
