Global Ethylene Carbonate Market: Key Highlights
Global Ethylene Carbonate Market: Key Market Dynamics
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Global Ethylene Carbonate Market: Regional Overview
The Asia-Pacific is expected to dominate the global ethylene carbonate market in terms of both volume and value. Moreover, this region is expected to grow at the highest CAGR during the forecasted period. This growth can be attributed to the increasing usage in various end-use industries, such as oil & gas, automotive, industrial, and medical. Moreover, the growing population, rising disposable income, and economic growth in China, India, and Taiwan are augmenting market growth.
Global Ethylene Carbonate Market: Key Players Overview
BASF SE is one of the leading chemical company across the globe. The company operates through six business segments including Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. The Industrial Solutions segment consists of Dispersions & Pigments and Performance Chemicals divisions. In September 2019, BASF SE expanded his integrated ethylene oxide and derivatives facilities. For this expansion, BASF invested around 592 to add 400,000 metric tons per year of production capacity.
Huntsman International LLC is engaged in manufacturing the differentiated organic and inorganic chemical products. The company majorly operates through five business segments including polyurethanes, performance products, advanced materials, textile effects and pigments and additives. Huntsman International LLC’s product found a wide range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. The company has a global reach with its services in around 30 countries.
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