Global Ethylene Carbonate Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 614.56 Million |
 Market Size (Forecast Year) |
USD 1,728.63 Million |
 CAGR |
% |
| Major Markets Players |
Global Ethylene Carbonate Market Segmentation, By Form (Liquid Ethylene Carbonate, Solid Ethylene Carbonate), Applications (Surface Coatings, Plasticizers, Lubricants, Lithium Battery Electrolytes, Others), End Use (Automotive Industry, Oil and Gas Industry, Personal Care and Hygiene Industry, Industrial Sector, Medical Industry, Others) – Industry Trends and Forecast to 2032
Ethylene Carbonate Market Analysis
Over the last few years, the chemical manufacturing industries have experienced tremendous growth due to their expanding use in the automotive and oil and gas industries. In addition, the vehicle industry has experienced rapid expansion, which has considerably boosted the market. In 2018, 95,634,593 automobiles were produced, according to the International Organization of Motor Vehicle Manufacturers (OICA). According to the Huntsman Corporation, approximately 75% of the electrolyte by volume is solvents, mainly ethylene carbonate, which is in higher demand globally. Due to this, the sector will experience a certain influx of demand, increasing revenues over the forecast period.
Ethylene Carbonate Market Size
Global Ethylene Carbonate Market size was valued at USD 614.56 million in 2024 and is projected to reach USD 1728.63 million by 2032, with a CAGR of 13.80% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
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Attributes |
Ethylene Carbonate Key Market Insights |
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Segmentation |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Key Market Players |
BASF SE (Germany), Mitsubishi Chemical Corporation. (Japan), Huntsman International LLC. (U.S.), TOAGOSEI CO., LTD. (Japan), New Japan Chemical Co., Ltd. (Japan), Shandong Senjie Cleantech Co., Ltd. (China), Alchem Manufacturing (U.S.), Alfa Aesar (U.S.), Thermo Fisher Scientific. (U.S.), Merck KGaA (Germany), TCI Chemicals (India) Pvt. Ltd (Japan), Lixing Chemical (China), Tracxn Technologies Limited. (South Korea), RX MARINE INTERNATIONAL (India) |
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Market Opportunities |
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Ethylene Carbonate Market Definition
Ethylene carbonate is a high-power solvent that dissolves large amount of electrolyte and is mainly used in the lithium batteries electrolyte solution. The major applications of the ethylene carbonate are they can be used as lithium battery electrolytes, capacitor electrolytes and others in various industrial sectors.
Ethylene Carbonate Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Numerous Benefits Of ethylene carbonate
The numerous benefits and applications of ethylene carbonate are the primary factors driving the growth of the market over the forecasted period. The rising use of ethylene carbonate in the automotive sector due to the increased demands of the lubricants because of the property of ethylene carbonate being a great solvent, is boosting the growth of the market over the forecasted period. Additionally, increasing demands of electric vehicles will propel the market's growth. The enhanced properties such as reduced weight and other properties will also boost the growth of the market. Moreover, it doesn't contain any VOCs and meets with AMAA 2065 regulations, it is regarded as being ecologically friendly. These beneficial features are estimated to carve a way for market growth.
- Rising urbanization and industrialization
The expansion of end use industries coupled with the increase in urbanization and population will further propel the growth rate of market. Additionally, the rapid urbanization and industrialization in emerging countries, such as India, China, and Southeast Asia, will drive market value growth.
Opportunities
- Rising demands for eco-friendly solutions
The favorable initiatives by government associated with environmental regulations to increase demand for eco-friendly solutions, will further create significant growth opportunities for the market. The European Commission and other federal government agencies create new laws and regulations, such as the Eco-product Certification Scheme (ECS). These regulations guarantee low or no harmful emissions and a green and sustainable environment. The key industrial market players are actively working on the new products and technological advance through research and development activities which is the major factor creating growth opportunities for the market.
Restraints/Challenges
- Stringent Approval Process
The coatings manufacturers must enhance their manufacturing and production processes per the regulatory policies imposed by various governments. These stringent policies further result in more time for approval, which will create hindrances for the growth of the ethylene carbonate market.
- Fluctuations in Raw Material Prices
The inconsistent raw material prices have a direct negative impact on the overall market’s growth. As a result, these fluctuations will pose as a major challenge the ethylene carbonate market growth rate.
This ethylene carbonate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ethylene carbonate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Ethylene Carbonate Market Scope
The ethylene carbonate market is segmented on the basis of form, applications and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
- Liquid Ethylene Carbonate
- Solid Ethylene Carbonate
Applications
- Surface Coatings
- Plasticizers
- Lubricants
- Lithium Battery Electrolytes
- Others
End Use
- Automotive Industry
- Oil and Gas Industry
- Personal Care and Hygiene Industry
- Industrial Sector
- Medical Industry
- Others
Ethylene Carbonate Market Regional Analysis
The ethylene carbonate market is analyzed and market size insights and trends are provided by form, applications and end use as referenced above.
The countries covered in the ethylene carbonate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance due to the rising construction activities along with the rapid urbanization and growing demands of the ethylene carbonate within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2025-2032, due to the rapid economic development along with the increasing production capacities of the leading market players within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Ethylene Carbonate Market Share
The ethylene carbonate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ethylene carbonate market.
Ethylene Carbonate Market Leaders Operating in the Market Are:
- BASF SE (Germany)
- Mitsubishi Chemical Corporation. (Japan)
- Huntsman International LLC. (U.S.)
- TOAGOSEI CO., LTD. (Japan)
- New Japan Chemical Co., Ltd. (Japan)
- Shandong Senjie Cleantech Co., Ltd. (China)
- Alchem Manufacturing (U.S.)
- Alfa Aesar (U.S.)
- Thermo Fisher Scientific. (U.S.)
- Merck KGaA (Germany)
- TCI Chemicals (India) Pvt. Ltd (Japan)
- Lixing Chemical (China)
- Tracxn Technologies Limited. (South Korea)
- RX MARINE INTERNATIONAL (India)
Latest Developments in Ethylene Carbonate Market
- In 2021, Huntsman Corporation, the woodlands chemical-maker and a polyurethanes producer in Korea, KPX Chemical, announced a joint venture named KPX Huntsman Polyurethanes Automotive Co. This joint venture will produce and offer polyurethane to Korean automakers from a specialty polyurethane production family in Ulsan, South Korea.
- In 2021, a major chemical-based company in South Korea, Lotte Chemical announced manufacturing materials used in electric vehicle batteries via the manufacturing electrolyte organic solvent by high-purity ethylene oxide facilities and expanded the manufacturing units.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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