Ethylene Carbonate Market – Global Forecast to 2029
The global ethylene carbonate market will rise from USD 0.8 billion in 2024 to USD 1.5 billion by 2029, at a CAGR of 14.4% from 2024 to 2029. The growth in the industrial sector drives the ethylene carbonate industry.
世界のエチレンカーボネート市場は、2024 年の 8 億米ドルから 2029 年までに 15 億米ドルに増加し、2024 年から 2029 年までの CAGR は 14.4% になると予想されます。産業部門の成長がエチレンカーボネート産業を牽引しています。
Industrial machinery requires lubricants for smooth functioning and reduced wear & tear. Also, many machines utilize surface coatings to reduce the risk of rusting and chemical attack. These manufacturers of lubricants and surface coatings increasingly use ethylene carbonate as a highly polar solvent. Moreover, increased demand for electric vehicles has pushed for battery electrolyte requirements, translating into growth for the ethylene carbonate market. However, factors such as the scarcity of raw materials and regulations on the use of ethylene carbonates are likely to hinder the market’s growth.
The report provides insights on the following pointers:
- Analysis of critical drivers (Growing demand for ethylene carbonate in lithium battery electrolyte and lubricant applications), restraints (Volatility in raw material prices), opportunities (Emergence of lithium-sulfur batteries), and challenges (Fluctuating oil & gas prices) influencing the growth of the ethylene carbonate market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the ethylene carbonate market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the ethylene carbonate market across varied regions.
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the ethylene carbonate market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Oriental Union Chemical Corporation (Taiwan), Huntsman (US), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Mitsubishi Chemical (Japan), and Toagosei Co., Ltd. (Japan) are the leading ethylene carbonate players, globally. Asahi Kasei (Japan), New Japan Chemical Co. Ltd (Japan), Zibo Donghai Industries Co. Ltd. (China), and Shandong Senjie Cleantech Co. Ltd (China), among others, in the ethylene carbonate market.