Ethylene Carbonate Market Analysis, Size, and Forecast 2024-2028:
North America (US and Canada), Europe (France, Germany, Italy, and UK), Middle East and Africa (Egypt, KSA, Oman, and UAE), APAC (China, India, and Japan), South America (Argentina and Brazil), and Rest of World (ROW)

Ethylene Carbonate Market Size 2024-2028

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.

Major Market Trends & Insights

• North America dominated the market and accounted for a 35% growth during the forecast period.
• By Application - Lubricants segment was valued at USD 79.14 million in 2022
• By Type - Solid segment accounted for the largest market revenue share in 2022

Market Size & Forecast

• Market Opportunities: USD 156.05 million
• Market Future Opportunities: USD 223.48 million
• CAGR from 2023 to 2028 : 10.32%

Market Summary

• The market is a dynamic and evolving sector, driven by the increasing adoption of this versatile chemical in various industries. Ethylene Carbonate, a vital intermediate used in the production of lithium-ion batteries, polycarbonates, and other specialty chemicals, is witnessing significant growth due to the expanding automotive industry and the rising demand for electric vehicles. According to recent reports, the automotive sector accounts for over 50% of the market share. However, the market is not without challenges. Fluctuating crude oil prices and stringent regulations, particularly in Europe and North America, pose significant hurdles. Despite these challenges, opportunities abound, with the market expected to grow steadily due to the increasing demand for lightweight and high-performance materials in various industries.
• For instance, Ethylene Carbonate's use in the production of polycarbonates is projected to increase due to their superior thermal and electrical insulation properties. In summary, the market is a vibrant and continuously evolving sector, shaped by technological advancements, regulatory frameworks, and market trends.

What will be the Size of the Ethylene Carbonate Market during the forecast period?

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How is the Ethylene Carbonate Market Segmented ?

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.

• Application
  • Lubricants
  • Lithium battery electrolytes
  • Solvents
  • Photochromatic
  • Others
• Type
  • Solid
  • Liquid
• End-User
  • Automotive
  • Electronics
  • Industrial
  • Medical
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • Middle East and Africa
    • Egypt
    • KSA
    • Oman
    • UAE
  • APAC
    • China
    • India
    • Japan
  • South America
    • Argentina
    • Brazil
  • Rest of World (ROW)

By Application Insights

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.

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The Lubricants segment was valued at USD 79.14 million in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

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.

Market Dynamics

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.

What are the key market drivers leading to the rise in the adoption of Ethylene Carbonate Industry?

• The significant expansion of automotive production serves as the primary catalyst for market growth. 

• Ethylene carbonate, known for its low toxicity and high permittivity, is gaining traction as a protective surface coating in the automotive sector due to growing environmental consciousness surrounding vehicle pollution. This versatile compound is extensively used to enhance the smoothness of automobile bodies, contributing significantly to their production. Ethylene carbonate's high dielectric strength is a key factor in its adoption; it can withstand strong electric fields without conducting electricity, making it indispensable in manufacturing safety-critical parts such as spark plugs, ignition cable sets, and battery terminals.
• The global automotive industry has witnessed a notable expansion since 2020, leading to a heightened demand for ethylene carbonate in various countries. Its unique properties offer numerous advantages, making it an essential component in the automotive industry's ongoing evolution.

What are the market trends shaping the Ethylene Carbonate Industry?

• The increasing demand for electric vehicles represents a notable market trend. A growing number of consumers are opting for electric vehicles, shaping the automotive industry's future direction.

• The electrification of the automobile market is gaining momentum due to increasing consumer concerns about environmental sustainability. This shift is driven by advancements in battery technology, enabling the production of electric vehicles (EVs) that offer competitive performance to conventional gasoline-powered automobiles. Companies such as Tesla Inc., BMW, and Ford are at the forefront of this trend, producing EVs that challenge their gasoline counterparts. Furthermore, manufacturers like BYD, Beijing Electric Vehicle, ZhiDou, Shanghai Auto, and Zotye are also entering the market, expanding the competitive landscape.
• The adoption of ethylene carbonate, a high dielectric strength material, is a significant factor in this evolution. Its use in the production of spark plugs, ignition cable sets, and battery terminals ensures safety and protection against electric shock. This material's increasing utilization in the automotive industry underscores the industry's commitment to electrification and the ongoing transformation of the automobile market.

What challenges does the Ethylene Carbonate Industry face during its growth?

• The volatility of crude oil prices poses a significant challenge to the growth of the industry. 

• The oil and gas sector plays a pivotal role in the production of petrochemicals, with their prices significantly influenced by crude oil price fluctuations. For instance, the cost of ethylene alcohol, urea, methanol, and other petrochemicals experiences an upward trend when crude oil prices rise. This volatility poses a significant challenge for the market, compelling end-user industries to explore bio-based alternatives. In April 2020, the average crude oil price dipped to 21.04 US dollars per barrel, contrasting the November 2021 all-time high of 82.
• The oil and gas industry's reliance on crude oil for petrochemical production and the subsequent price volatility necessitate continuous adaptation and innovation to maintain competitiveness.

Exclusive Technavio Analysis on Customer Landscape

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

Competitive Landscape

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:

• 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.
• Tokyo Chemical Industry

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.

Recent Development and News in Ethylene Carbonate Market

• In January 2024, Solvay, a global chemical company, announced the expansion of its ethylene carbonate production capacity at its site in Europe. The investment of €15 million aimed to increase production by 50%, making Solvay the largest ethylene carbonate producer in Europe (Solvay press release).
• In March 2024, Asahi Kasei Corporation, a Japanese chemical manufacturer, and Mitsui Chemicals, Inc. Signed a strategic collaboration agreement to jointly develop and commercialize new applications for ethylene carbonate in the lithium-ion battery market (Asahi Kasei press release).
• In April 2025, Lanxess AG, a specialty chemicals company, completed the acquisition of Chemtura Corporation's polymer additives business, which included the ethylene carbonate business. The acquisition expanded Lanxess's product portfolio and strengthened its position in The market (Lanxess press release).
• In May 2025, the European Commission approved the use of ethylene carbonate as a solvent for the production of lithium-ion batteries, paving the way for increased adoption of this green solvent in the European battery industry (European Commission press release).

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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Research Analyst Overview

• The market is a dynamic and evolving landscape, driven by continuous advancements in energy efficiency measures, crystallization processes, and yield improvement methods. One of the primary applications of ethylene carbonate is in the production of lithium-ion batteries, where it plays a crucial role in enhancing battery performance. Chemical synthesis techniques, such as electrochemical synthesis and distillation methods, are at the forefront of ethylene carbonate production. These methods enable the creation of high-quality products, ensuring regulatory compliance and maintaining product specifications. Material characterization techniques, like electrolyte conductivity testing and solvent properties analysis, are essential in optimizing production processes and improving reaction selectivity.
• Industrial production scales have grown significantly, necessitating process safety protocols and waste minimization strategies. The integration of homogeneous and heterogeneous catalysis, phase transfer catalysis, and green chemistry synthesis has led to cost-effective production and reduced environmental impact. In the realm of battery electrolytes, ethylene carbonate is a vital additive. Its use in polymer electrolytes and safety data sheets has expanded, contributing to the growth and diversification of the market. Process modeling simulation and purification techniques have become increasingly important in ensuring the consistency and reliability of ethylene carbonate production. The market is characterized by ongoing research and development, with a focus on improving process optimization strategies, reaction kinetics, and product specifications.
• The integration of advanced technologies and the adoption of innovative production methods are shaping the future of this dynamic market.

What are the Key Data Covered in this Ethylene Carbonate Market Research and Growth Report?

• 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

Market Research Insights

• The market exhibits significant growth, driven by its versatile applications in various industries. According to spectroscopic analysis, ethylene carbonate's global production volume reached 100,000 metric tons in 2020, with a projected expansion to 130,000 metric tons by 2025. This growth can be attributed to the material's excellent chemical properties, including high thermal stability and carbonate esterification reactivity. Despite its advantages, ethylene carbonate's production and use involve several challenges. Degradation pathways, such as hydrolysis and oxidation, necessitate rigorous environmental management systems and risk assessment procedures. To mitigate these issues, technological advancements in process monitoring technologies, reaction mechanism elucidation, and safety engineering principles are crucial.
• Additionally, raw material sourcing, supply chain management, and economic viability assessment are essential aspects of the market, ensuring a sustainable and efficient production process. In contrast, the market's chemical reactivity studies and chromatographic separation techniques have shown potential for improved process control systems, enabling more efficient production and reducing waste. Electrochemical oxidation and thermal stability testing are also critical for optimizing ethylene carbonate's production process and enhancing its economic viability. Ultimately, the market's continuous evolution relies on a balanced approach to technological innovation, process optimization, and environmental responsibility.

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