Ethylene Carbonate Market, By Application (Lithium Batteries, Lubricants, Medical Products, Intermediates and Agents, Other Applications (Photochromic Applications)), By End-User Industry (Automotive, Pharmaceuticals, Oil and Gas, Other End-user Industries), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023

Code : CMI5498

Pages :125

Formats :

Excel and PDF

Industry : Bulk Chemicals

Ethylene Carbonate MarketSize and Trends

The global ethylene carbonate market size was valued at USD 782.51 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 9.73% from 2022 to 2030. Due to its increasing demand, ethylene carbonate market is expected to grow at a significant rate in the coming years. The growth is mainly driven by a number of factors such as increasing application in a wide range of end-use industries. A large part of this growth is also attributed to the rising production of electronic devices. Furthermore, growing government policies on fuel efficiency have further fueled the industry growth. Besides, the increasing demand for lubricants and the growing demand for lithium battery electrolytes are some of the other factors driving market growth.

Global Ethylene Carbonate Market Trends:

Rapid Urbanization

Rapid urbanization and increasing construction activities are acting as trend for the global market. Moreover, rising pharmaceutical sector has boosted the demand for ethylene carbonate-based intermediates

Increasing Production Capacity

Growing focus on increasing production capacity of ethylene carbonate is another major trend observed in the market. For instance, in June 2021, Huntsman Corporation announced that its Performance Products division is planning to significantly increase its existing capacity for ULTRAPURE Ethylene Carbonate at its Conroe, Texas facility by mid-2023.