Ethylene Carbonate Market Regional Growth Share, Top Key Vendors Future Developments, Upcoming Challenges

Ethylene Carbonate Market was valued at USD 473.00 Million in 2022, and it is expected to reach USD 1,161.95 Million by 2029, exhibiting a CAGR of 13.7 % during the forecast period (2023-2029)

Ethylene Carbonate Market Overview:

For the global industry's Ethylene Carbonate market analysis, a research team did thorough primary and secondary research. Secondary research was carried out to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.

Ethylene Carbonate Market Scope:

Several methods for determining market value and market growth rate have been developed. Maximize research crew gathered market information and data from a variety of sources to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic data.

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Ethylene Carbonate Market Segmentation:

by Form

Based on shape, solid form held a revenue share of more than 50.0% in 2021, dominating the worldwide ethylene carbonate market. This is a result of their expanded use in several applications, including lubricants, solvents, plasticizers, and chemical intermediates. In these applications, end-use industries including the automotive, medical, chemical, and industrial serve as the main markets for EC in solid form. Ethylene carbonate in solid form is used to make soldering flux, cosmetics, and pharmaceuticals. In the oil and gas industry, it is also used as a solvent to help reduce viscosity during drilling operations under high temperatures or extremely high pressures where other fluids are too thin to function effectively.

by Application

Due to its widespread application across several end-use industries, including the automotive, industrial, and oil gas sectors, the lubricants segment led the worldwide ethylene carbonate market in 2021 with a revenue share of over 30.0%. Additionally, it is anticipated that demand for ethylene carbonate will rise as these lubricants are used more frequently in the automotive industry and engine production for collecting, cooling, and cleaning engines. Electrolytes for lithium-ion batteries are essential ingredients in the production of rechargeable batteries for electric vehicles (EV). Ethylene carbonate is frequently used in the creation of such electrolytes due to its high polarity.

by End-Use

With a revenue share of about 41.0% in 2022, the automotive sector dominated the ethylene carbonate market by end-use. This is brought on by the high dielectric strength of ethylene carbonate and its growing usage in the automotive industry to provide safety and protection against electric shock in the production of components like spark plugs, ignition cable sets, and battery terminals. The oil and gas market will rank as the second-largest end-use sector in 2022. It is a result of the operations for gas washing and oil field separation using ethylene carbonate.

 

Ethylene Carbonate Market Key Players: The key players are

1. Thermo Fisher Scientific (US)
2. Empower Materials (US)
3. Huntsman International LLC (US)
4. Alfa Aesar (US)
5. Chevron Phillips Chemical (US)
6. BASF SE (Germany)
7. The Merck Group (Germany)
8. Mitsubishi Chemical Holdings Corporation (Japan)
9. FUJIFILM Wako Pure Chemical Corporation (Japan)
10.Toagosei Co., Ltd. (Japan)
11.New Japan Chemical Co. Ltd (Japan)
12.Tokyo Chemical Industry Co. Ltd (Japan)
13.Otto Chemie Pvt. Ltd. (India)
14.RX Marine International (India)
15.Vizag Chemical (India)
16.Antares Chem Private Limited (India)
17.Parsol Chemicals Pvt. Ltd. (India)
18.Shandong Lixing Chemical Co.,Ltd (China)
19.Taixing Taida Fine Chemical Co. Ltd (China)
20.Zibo Donghai Industries Co. Ltd. (China)

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Ethylene Carbonate Market Regional Analysis:

A country-level study of the Ethylene Carbonate Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Ethylene Carbonate Market study.

COVID-19 Impact Analysis on Ethylene Carbonate Market:

The study investigates macroeconomic data, market trends, underlying variables, and market attractiveness by segment. COVID-19 (Corona Virus) has an influence on the product industry chain, encompassing upstream and downstream markets, regions, and nations, as well as the future growth of the industry.

 

Key Questions Answered in the Ethylene Carbonate Market Report are:

  • Which are the major players in the Ethylene Carbonate market?
  • What key trends are likely to emerge in the Ethylene Carbonate market in the coming years?
  • What will be the Ethylene Carbonate market size by 2027?
  • Which company held the largest share in the Ethylene Carbonate market?

 

  1. Ethylene Carbonate Market: Research Methodology

The investigation of various industry-affecting factors, including historical data, the market environment, technological innovation, upcoming technologies, government policy, the competitive environment and technical advancement in related industries, as well as current market trends, risks, opportunities, barriers, and challenges, is a part of the research process. The data for the report were gathered using primary and secondary approaches. About 25% of data sources are secondary sources, including annual reports, press releases, industry organisations, non-profit organisations, governmental organisations, and customs data.

 

  1. Ethylene Carbonate Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to Ethylene Carbonate Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders
  • Recommendations for New Market Entry

 

  1. Ethylene Carbonate Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • MA by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • PESTLE
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact

 

  1. Ethylene Carbonate Market Segmentation
  • Ethylene Carbonate Market, by Form (2023-2029)
  • Ethylene Carbonate Market, by Application (2023-2029)
  • Ethylene Carbonate Market, by Grade (2023-2029)
  • Ethylene Carbonate Market, by End-Use (2023-2029)

 

  1. Regional Ethylene Carbonate Market(2023-2029)
  • Regional Ethylene Carbonate  Market, by Form (2023-2029)
  • Regional Ethylene Carbonate  Market, by Application (2023-2029)
  • Regional Ethylene Carbonate  Market, by Grade (2023-2029)
  • Regional Ethylene Carbonate  Market, by End-Use (2023-2029)
  • Regional Ethylene Carbonate  Market, by Country (2023-2029)

 

  1. Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy
  • Recent Developments

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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