Ethylene Carbonate Market | Covid-19 Impact Analysis

Ethylene Carbonate Market Insights

Ethylene Carbonate Market is likely to witness an impressive CAGR of 6.5% during the forecast period. The major factors such as increase in demand for lithium ion battery and lubricants in the automobile and electronics industries, rapid urbanization and increase in the standard of living, growing automobile sector are the major factors expected to raise the demand for lubricants, in which ethylene carbonate is used as a solvent. In addition, the growing demand for electric vehicles is likely to fuel the growth of the ethylene carbonate market during the forecast period.

Market Share Analysis

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Ethylene Carbonate Market Share: By Application Type

Based on the application type, the market is segmented as lithium battery electrolytes, lubricants, and plasticizers. Lithium ion battery is expected to witness significant growth rate in the market and it is widely used in electronic gadgets such as tablets, mobile phones, and medical equipment. A large quantity of electrolytes is dissolved in ethylene carbonate, which is mainly used in lithium ion batteries’ electrolyte solution, fueling the market growth during the forecast period.

Ethylene Carbonate Market Share: By Region

In terms of regions, North America is estimated to witness significant growth over the forecast period with the U.S. and Canada being the major countries with lucrative growth opportunities in the region’s market. The preference of consumers shifting towards synthetic lubricants can be attributed to the excellent features of ethylene carbonate such as wear & tear protection, heavy load holding & low friction, and thermal stability, which is likely to boost the growth of the industry in the regional market. On the other hand, the European ethylene carbonate market is expected to register significant growth rate with Germany, the UK, and France being the leading countries accounting for an increase in product demand. Increasing sales of electric car is further expected to drive the growth of the regional market during the forecast period.

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Some of the key players in the ethylene carbonate market are-

• Alchem Chemical Company
• Alfa Aesar
• Asahi Kasei
• BASF SE
• Huntsman
• Mitsubishi Chemical
• New Japan Chemical
• Oriental Union Chemical Corporation
• Toagosei Co., Ltd.
• Zibo Donghai Industries.

Market Scope & Segmentation

Ethylene Carbonate being an organic compound is classified as carbonate ester of carbonic acid and ethylene glycol. It is a transparent crystalline solid, which is practically odorless and colorless, and to some extent soluble in water at room temperature.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The ethylene carbonate market is segmented into the following categories. 

Ethylene Carbonate Market Size, Share, & Forecast, by Application Type:

• Lithium Battery Electrolytes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Lubricants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Plasticizers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Ethylene Carbonate Market Size, Share, & Forecast, by End-Use Type:

• Automotive Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Oil & Gas Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Industrial Sector (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Ethylene Carbonate Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by end-use type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].