MARKET INTRODUCTION
Ethylene carbonate is the carbonate ester of carbonic acid and ethylene glycol. At room temperatures, ethylene carbonate exists as a colorless transparent crystalline solid. While above its melting point, it exists low viscosity colorless liquid. It is a highly polar solvent which is capable of dissolving large amounts of electrolyte. Ethylene carbonate has the ability to dissolve polymers readily and is used as a release agent in the chemical industries. It is widely used in applications such as capacitor electrolytes, lithium battery electrolytes, soil hardening agents, lubricants, fiber processing agents, etc.
MARKET DYNAMICS
Ethylene carbonates are used as high permitivity components of electrolytes in lithium and lithium-ion batteries. The rising applications of ethylene carbonate in compact smartphone batteries and large-sized lithium-ion batteries used in electric automobiles have led to a sharp rise in the demand for ethylene carbonate. The growing consumption of lithium batteries owing to rising sales of electronic and electrical gadgets, power backups, UPS, smartphones, laptops, and other electronic consumer goods is likely to create lucrative business opportunities for ethylene carbonate manufacturers in the forecast period. The transition of the automotive and transportation sector towards green mobility is anticipated to have a positive impact on the lithium-ion industry and subsequently spur the growth of the ethylene carbonate market. The uses of ethylene carbonate as solvents in lubricants, as crosslinking agents in the production of polymers, and as a chemical intermediate in the synthesis of polycarbonate diols are anticipated to create significant opportunities for the ethylene carbonate manufacturers in the forecast period.
MARKET SCOPE
The "Global Ethylene Carbonate Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ethylene carbonate market with detailed market segmentation by material, type, end-user industry, and geography. The global ethylene carbonate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ethylene carbonate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ethylene carbonate market is segmented on the basis of form, application, and end-use industry. On the basis of form, the ethylene carbonate market is segmented into liquid and solid. On the basis of application, the market is bifurcated into, lubricants, plastics, lithium-ion batteries, chemical intermediate, fibers, coatings, dyes, and others. Based on end-use industry, the global ethylene carbonate market is segmented into, oil and gas, automotive, medical, personal care, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ethylene carbonate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ethylene carbonate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ethylene carbonate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ethylene carbonate market in these regions.
MARKET PLAYERS
The reports cover key developments in the ethylene carbonate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ethylene carbonate market are anticipated to lucrative growth opportunities in the future with the rising demand for ethylene carbonate in the global market. Below mentioned is the list of few companies engaged in the ethylene carbonate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ethylene carbonate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Asahi Kasei Corporation
- BASF SE
- Empower Materials Inc.
- Huntsman International LLC
- Merck KGaA,
- Mitsubishi Chemical Corporation
- New Japan Chemical Co., Ltd.
- Oriental Union Chemical Corp.
- Thermo Fisher Scientific
- TOAGOSEI CO., LTD.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.