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The ethylene carbonate market size is valued to increase USD 223.48 million, at a CAGR of 10.32% from 2023 to 2028. Growing automotive production will drive the ethylene carbonate market.
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The ethylene carbonate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The lubricants segment is estimated to witness significant growth during the forecast period.
Ethylene carbonate plays a pivotal role in various industries, particularly in enhancing the efficiency of energy consumption through its application in energy efficiency measures. In the realm of crystallization processes, ethylene carbonate is instrumental in yield improvement methods and material characterization techniques. The electrochemical synthesis of ethylene carbonate is a critical aspect of lithium-ion battery performance, ensuring quality control procedures are met. Moreover, ethylene carbonate is a vital component in the production of propylene carbonate, which finds extensive applications in solvent purification methods and reactor design considerations. Process safety protocols and chemical reaction kinetics are essential aspects of ethylene carbonate synthesis, with electrolyte conductivity testing and waste minimization strategies ensuring cost-effective production.
Industrial production scales for ethylene carbonate continue to expand, driven by the growing demand for battery electrolyte additives and polymer electrolyte applications. Homogeneous and heterogeneous catalytic processes, as well as process optimization strategies, are employed to improve reaction selectivity and environmental impact assessments. Regulatory compliance and cyclic carbonate production are also crucial factors shaping the market. According to recent industry reports, the market accounted for approximately 20% of the total carbonate market share in 2023. Furthermore, industry experts anticipate a 25% increase in ethylene carbonate demand within the next five years, primarily driven by the expanding automotive and renewable energy sectors. These trends underscore the dynamic and evolving nature of the market, making it an essential topic for businesses to stay informed about.
The Lubricants segment was valued at USD 79.14 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America experiences significant growth due to its extensive applications in the automotive industry and the expanding oil and gas sector. The United States, as the largest crude oil producer in North America, produced 11.911 million barrels per day in 2022 and 9.52 million barrels per day in 2021, according to the Energy Information Administration (EIA). This increasing crude oil production fuels the demand for ethylene carbonate as a crucial intermediate in various chemical processes. Moreover, the automotive industry's continued expansion in North America is another driving factor, as ethylene carbonate is a vital component in battery electrolytes and other automotive applications.
The market's growth is expected to remain robust during the forecast period, with the rising volume of automobile production and increasing crude oil extraction contributing significantly.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global ethylene carbonate market is evolving as a critical component within advanced energy storage, chemical manufacturing, and sustainable process development. Increasing demand is driven by its role in ethylene carbonate applications lithium batteries, where its high dielectric constant and stable solvent behavior significantly enhance performance metrics and cycle life. Continuous advancements in polymer electrolyte membranes ethylene carbonate are also strengthening its adoption in next-generation battery technologies. Alongside these applications, ethylene carbonate solvent properties characterization supports research into optimizing compatibility with diverse electrolytes, including propylene carbonate electrolyte formulation.
On the production side, electrochemical synthesis ethylene carbonate and green synthesis methods ethylene carbonate are receiving heightened attention, supported by catalytic conversion to ethylene carbonate and kinetic study ethylene carbonate synthesis aimed at achieving higher efficiency and selectivity. Process optimization for ethylene carbonate synthesis, combined with reactor design for ethylene carbonate production, is central to scaling manufacturing while ensuring compliance with safety protocols for ethylene carbonate handling and environmental impact of ethylene carbonate synthesis.
Data comparisons indicate that high purity ethylene carbonate production through advanced ethylene carbonate purification by distillation reduces impurity levels, leading to measurable improvements in downstream battery efficiency. At the same time, economic analysis ethylene carbonate production highlights cost reductions achieved through improved quality control in ethylene carbonate manufacturing and life cycle assessment ethylene carbonate, which demonstrates measurable sustainability benefits.
The ongoing integration of reaction mechanism ethylene carbonate synthesis insights with industrial optimization is creating new opportunities, while ethylene carbonate applications in other fields such as coatings and lubricants expand its relevance beyond energy storage. This dynamic balance between performance-driven adoption and sustainable production methods defines the forward trajectory of the market.
The ethylene carbonate market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the ethylene carbonate market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Ethylene Carbonate Industry
Companies are implementing various strategies, such as strategic alliances, ethylene carbonate market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Asahi Kasei - Ethylene carbonate, a versatile chemical compound, serves multiple functions in various industries. As a solvent, it is utilized in the production of polymers and resins. In plasticization, it enhances the flexibility of plastics. Additionally, it functions as an intermediate in pharmaceutical manufacturing.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Ethylene Carbonate Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
170 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.32% |
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Market growth 2024-2028 |
USD 223.48 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
9.96 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Ethylene Carbonate Market between 2024 and 2028?
USD 223.48 million, at a CAGR of 10.32%
What segmentation does the market report cover?
The report is segmented by Application (Lubricants, Lithium battery electrolytes, Solvents, Photochromatic, and Others), Type (Solid and Liquid), Geography (North America, Europe, APAC, South America, and Middle East and Africa), and End-User (Automotive, Electronics, Industrial, and Medical)
Which regions are analyzed in the report?
North America, Europe, APAC, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Growing automotive production, Fluctuating crude oil prices
Who are the major players in the Ethylene Carbonate Market?
Asahi Kasei, BASF SE, Dongguan Kaixin Battery Material, Empower Materials, FUJIFILM Wako Pure Chemical, Huntsman Corporation, Jiangsu Huasheng Chemical, Liaoning Oxiranchem, Merck KGaA, Mitsubishi Chemical, New Japan Chemical, Oriental Union Chemical, OUCC, Shandong Senjie Chemical, Shandong Shida Shenghua, Shanghai Chemical International, Taiwan Hopax Chemicals, Toagosei Co., and Tokyo Chemical Industry
We can help! Our analysts can customize this ethylene carbonate market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Market Segmentation by End-User
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
13 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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