The Global Ethylene Carbonate Market is projected to reach a value of over USD 476 million by 2027 at a CAGR of around 5.4%.
Ethylene Carbonate is a highly polar solvent having a high boiling point, low toxic, no odour, highly soluble for polymers. As it is highly polar solvent its permittivity is also high thus it is widely used in electrolyte solutions in lithium-ion batteries. It is produced by the reaction between ethylene oxide and carbon dioxide with a variety of cations and complexes acting as catalysts.
Market Driver:
The ethylene carbonate is extensive uses as an electrolyte in lithium-ion batteries. The increasing shift towards the use of electric vehicles is owing to the benefits such as cost-effectiveness, easy maintenance, reduced fuel costs, as well as fuel-efficiency. The demand is supported by the stringent regulations set by the US Environmental Protection Agency and the EU’s environmental standards to curb CO2 emission, which is expected to fuel the demand for Li-Ion batteries. Electric car deployment has been growing rapidly over the past ten years, with the global stock of electric passenger cars passing 5 million in 2018, an increase of 63% from the previous year. Around 45% of electric cars on the road in 2018 were in China – a total of 2.3 million – compared to 39% in 2017. In comparison, Europe accounted for 24% of the global fleet, and the United States 22%. Thus, the increasing shift towards the use of electric vehicles is expected to boost the demand for Li-Ion batteries which is likely to drive the global ethylene carbonate market.
Market Restraint:
Ethylene carbonate is produced by the reaction between ethylene oxide and carbon dioxide. It can also be produced from the reaction of urea and ethylene glycol using zinc oxide as a catalyst at a temperature high temperature and pressure. Volatility in the prices of these materials is a major factor likely to hamper the market growth during the assessment period. The price fluctuations are attributed to the mining and extraction of the raw materials, which are dependent on geological and geopolitical factors. Additionally, materials such as ethylene oxide, urea, and ethylene glycol are petroleum-based products, which add up the cost on account of the supply-demand gap of crude oil.
The report on the Ethylene Carbonate market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
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Base Year for Market Calculation |
2020 |
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Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) and Volume (Tons) |
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Segments Included |
Application, End-Use Industry, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Ethylene Carbonate Market, by Application
Ethylene Carbonate Market, by End-User Industry
Ethylene Carbonate Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE ETHYLENE CARBONATE MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
