ETHYLENE CARBONATE MARKET ANALYSIS

Regional Analysis

Global Ethylene Carbonate Market: Regional Insights

Regionally, Asia-Pacific is expected to dominate the global ethylene carbonate market. Countries such as China, Taiwan, and Japan are major consumers of ethylene carbonate. Increasing industrialization and the rising middle class have resulted in the rapid expansion of the manufacturing sector in the countries. This has prompted the demand for ethylene carbonate in a wide range of applications.        

Europe is expected to witness fastest growth over the forecast period owing to the strong presence of automotive sector. According to Germany's Association of International Motor Vehicle Manufacturers, there were more than 90,000 newly registered electric vehicles in the first half of 2020, an increase of about 90%, including more than 43,000 battery-electric drive cars (an increase of 40%) and some 47,000 plug-in hybrids (a 190% increase).

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa