Propylene Carbonate Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Electrolytic Solvent, Cosmetics & Personal Care, Plastics & Polymers, Reagents, Fuel Additives, Others), By Region and Competition, 2020-2030F

May 2025 | 185 pages | ID: PB6A90F278A8EN
TechSci Research

Abstracts

Market Overview

The Global Propylene Carbonate Market was valued at USD 419.80 million in 2024 and is projected t%li%reach USD 515.79 million by 2030, growing at a CAGR of 2.48% during the forecast period. Propylene carbonate is a biodegradable, non-toxic solvent widely adopted across industries including lithium-ion batteries, personal care, pharmaceuticals, and paints and coatings. Its favorable safety profile and environmental compatibility have positioned it as a preferred alternative t%li%traditional solvents. Endorsements from regulatory agencies such as the U.S. Environmental Protection Agency (EPA) further support its adoption in sustainable product formulations.

Despite these advantages, the market faces limitations such as raw material cost volatility and competition from alternative solvents. Additionally, environmental compliance requirements may lead t%li%increased production and operational expenditures. However, ongoing technological advancements, greater ecological awareness, and the expanding role of propylene carbonate in emerging sectors are expected t%li%sustain market momentum in the coming years.

Key Market Drivers

Growth in Cosmetic Industry

The expanding global cosmetic industry is a major factor contributing t%li%the demand for propylene carbonate. As beauty and personal care products continue t%li%evolve with an emphasis on wellness and self-care, manufacturers are turning t%li%high-performance ingredients like propylene carbonate. This solvent is widely used in skincare, haircare, and makeup formulations due t%li%its excellent solvency, low toxicity, and capacity t%li%enhance product stability and texture.

With the cosmetics market projected t%li%approach USD 140 billion by 2030, there is a notable shift toward clean, sustainable ingredients. Propylene carbonate fits this demand due t%li%its eco-friendly profile and skin compatibility. Clinical studies show that even at concentrations up t%li%20%, it is generally non-sensitizing and only moderately irritating. As consumer preference leans toward non-toxic and biodegradable components, the adoption of propylene carbonate in cosmetics is expected t%li%rise steadily.

Key Market Challenges

Raw Material Price Volatility

A key challenge facing the propylene carbonate market is the instability of raw material prices, particularly propylene, which is derived from petroleum. Variations in global crude oil prices—driven by geopolitical tensions, supply-demand imbalances, and economic fluctuations—can significantly impact the production cost of propylene carbonate.

This unpredictability complicates budgeting, pricing strategies, and long-term planning for manufacturers. It als%li%places pressure on profit margins and can lead t%li%price hikes for end consumers. As a result, price-sensitive sectors may seek alternative solvents or reduce usage, affecting overall market demand.

Key Market Trends

Surge in Lithium-Ion Battery Demand

The increasing global focus on electric vehicles and renewable energy is fueling demand for lithium-ion batteries, in which propylene carbonate plays a critical role as an electrolyte solvent. Government policies promoting zero-emission vehicles—such as mandates in Canada and the UK targeting 60–80% zero-emission light-duty vehicle sales by 2030—are accelerating EV adoption.

Propylene carbonate enhances battery stability and efficiency, making it a valuable material in energy storage technologies. As production scales t%li%meet global EV and energy storage demand, the use of propylene carbonate in battery applications is expected t%li%grow, reinforcing its long-term market potential.

Key Market Players

• Balaji Amines Limited
• Unilong Industry Co., Ltd
• Jinan Finer Chemical Co., Ltd
• Qingda%li%Aspirit Chemical Co., Ltd
• Chemichase Chemical Co., Ltd
• Shandong Longze Chemical Co., Ltd
• Lihua Yiweiyuan Chemical Co., Ltd
• TIANJIN ZHONGXIN CHEMTECH CO., LTD. (ZX CHEMTECH)
• Shandong Shida Shenghua Chemical Group
• Shandong Depu Chemical Industry Science and Technology Co., Ltd

Report Scope

In this report, the Global Propylene Carbonate Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:

• Propylene Carbonate Market, By Sales Channel:
• Direct
• Indirect
• Propylene Carbonate Market, By End Use:
• Electrolytic Solvent
• Cosmetics & Personal Care
• Plastics & Polymers
• Reagents
• Fuel Additives
• Others
• Propylene Carbonate Market, By Region:
• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Propylene Carbonate Market.

Available Customizations

Global Propylene Carbonate Market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up t%li%five).

Contents

1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
  1.2.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. IMPACT OF COVID-19 ON GLOBAL PROPYLENE CARBONATE MARKET

5. GLOBAL PROPYLENE CARBONATE MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Sales Channel (Direct, Indirect)
  5.2.2. By End Use (Electrolytic Solvent, Cosmetics & Personal Care, Plastics & Polymers, Reagents, Fuel Additives, Others)
  5.2.3. By Region
  5.2.4. By Company (2024)
5.3. Market Map

6. NORTH AMERICA PROPYLENE CARBONATE MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Sales Channel
  6.2.2. By End Use
  6.2.3. By Country
6.3. North America: Country Analysis
  6.3.1. United States Propylene Carbonate Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Sales Channel
      6.3.1.2.2. By End Use
  6.3.2. Mexico Propylene Carbonate Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Sales Channel
      6.3.2.2.2. By End Use
  6.3.3. Canada Propylene Carbonate Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Sales Channel
      6.3.3.2.2. By End Use

7. EUROPE PROPYLENE CARBONATE MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Sales Channel
  7.2.2. By End Use
  7.2.3. By Country
7.3. Europe: Country Analysis
  7.3.1. France Propylene Carbonate Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Sales Channel
      7.3.1.2.2. By End Use
  7.3.2. Germany Propylene Carbonate Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Sales Channel
      7.3.2.2.2. By End Use
  7.3.3. United Kingdom Propylene Carbonate Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Sales Channel
      7.3.3.2.2. By End Use
  7.3.4. Italy Propylene Carbonate Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Sales Channel
      7.3.4.2.2. By End Use
  7.3.5. Spain Propylene Carbonate Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Sales Channel
      7.3.5.2.2. By End Use

8. ASIA PACIFIC PROPYLENE CARBONATE MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Sales Channel
  8.2.2. By End Use
  8.2.3. By Country
8.3. Asia Pacific: Country Analysis
  8.3.1. China Propylene Carbonate Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Sales Channel
      8.3.1.2.2. By End Use
  8.3.2. India Propylene Carbonate Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Sales Channel
      8.3.2.2.2. By End Use
  8.3.3. South Korea Propylene Carbonate Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Sales Channel
      8.3.3.2.2. By End Use
  8.3.4. Japan Propylene Carbonate Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Sales Channel
      8.3.4.2.2. By End Use
  8.3.5. Australia Propylene Carbonate Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Sales Channel
      8.3.5.2.2. By End Use

9. SOUTH AMERICA PROPYLENE CARBONATE MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Sales Channel
  9.2.2. By End Use
  9.2.3. By Country
9.3. South America: Country Analysis
  9.3.1. Brazil Propylene Carbonate Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Sales Channel
      9.3.1.2.2. By End Use
  9.3.2. Argentina Propylene Carbonate Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Sales Channel
      9.3.2.2.2. By End Use
  9.3.3. Colombia Propylene Carbonate Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Sales Channel
      9.3.3.2.2. By End Use

10. MIDDLE EAST AND AFRICA PROPYLENE CARBONATE MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Sales Channel
  10.2.2. By End Use
  10.2.3. By Country
10.3. MEA: Country Analysis
  10.3.1. South Africa Propylene Carbonate Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Sales Channel
      10.3.1.2.2. By End Use
  10.3.2. Saudi Arabia Propylene Carbonate Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Sales Channel
      10.3.2.2.2. By End Use
  10.3.3. UAE Propylene Carbonate Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Sales Channel
      10.3.3.2.2. By End Use

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS & DEVELOPMENTS

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. GLOBAL PROPYLENE CARBONATE MARKET: SWOT ANALYSIS

14. PORTERS FIVE FORCES ANALYSIS

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. COMPETITIVE LANDSCAPE

15.1. Balaji Amines Limited
  15.1.1. Business Overview
  15.1.2. Company Snapshot
  15.1.3. Products & Services
  15.1.4. Financials (As Reported)
  15.1.5. Recent Developments
  15.1.6. Key Personnel Details
  15.1.7. SWOT Analysis
15.2. Unilong Industry Co., Ltd
15.3. Jinan finer chemical Co., Ltd
15.4. Qingdao Aspirit Chemical Co., Ltd
15.5. Chemichase Chemical Co.,Ltd
15.6. Shandong Longze Chemical Co.,Ltd
15.7. Lihua Yiweiyuan Chemical Co., Ltd.
15.8. TIANJIN ZHONGXIN CHEMTECH CO.,LTD.(ZX CHEMTECH)
15.9. Shandong Shida Shenghua Chemical Group
15.10. Shandong Depu Chemical Industry Science and Technology Co.,Ltd

16. STRATEGIC RECOMMENDATIONS

17. ABOUT US & DISCLAIMER