Global Liquid Ethylene Carbonate Market, By Applications (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, Chemical Intermediates, Fiber Processing Agents, Dyes, Others), End-Use Industry (Automotive, Oil and Gas, Textile, Chemical, Medical, Personal Care and Hygiene, Agriculture, Others) – Industry Trends and Forecast to 2029.
Global Liquid Ethylene Carbonate Market Analysis and Size
Protective rules have been established by the EU's environmental standards and the US Environmental Protection Agency to regulate CO2 emissions in the environment, hence increasing the need for ethylene carbonate manufacturing. The introduction of ethylene carbonate goods is a fantastic way for the industry's major companies to expand their business. The vehicle business has grown as a result of rapid urbanization and rising living standards. Because ethylene carbonate is used as a solvent in lubricants, growth in the vehicle sector has resulted in a higher need for lubricants, which has boosted the demand for ethylene carbonate.
- Data Bridge Market Research analyses that the liquid ethylene carbonate market was valued at USD 828 million in 2021 and is expected to reach USD 1,090.32 million by 2029, registering a CAGR of 3.50% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Global Liquid Ethylene Carbonate Market Definition
Ethylene carbonate is a fairly yellowish solid with a distinct odour that does not have a colour in nature. It is a solvent with a higher polarity, a higher boiling point, high polymer solubility, and no odour. Ethylene carbonate is becoming more popular in recent years due to its low toxicity in nature. The ethylene carbonate market is in great demand because of the high electrolyte output in lithium-ion batteries made using ethylene carbonate. Electric vehicles are also popular these days because they are simple to maintain, cost-effective, fuel efficient, and have lower fuel expenses.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 - 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Applications (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, Chemical Intermediates, Fiber Processing Agents, Dyes, Others), End-Use Industry (Automotive, Oil and Gas, Textile, Chemical, Medical, Personal Care and Hygiene, Agriculture, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Oriental Union Chemical Corporation (Taiwan), Huntsman International LLC. (US), BASF SE (Germany), Mitsubishi Chemical Corporation (Japan), Toagosei Co., Ltd. (Japan), Asahi Kasei Corporation (Japan), New Japan Chemical Co. Ltd (Japan), Shandong Shida Shenghua Chemical Group (China), ZIBO DONGHAI INDUSTRIES CO.,LTD. (China), Shandong Senjie Cleantech Co., Ltd. (China), Otto Chemie Pvt Ltd (India), Tokyo Chemical Industry Co. Ltd (Japan), Panax Etec (South Korea), RX MARINE INTERNATIONAL (India), Vizag Chemical (India), Empower Materials (US), Liaoning Oxiranchem Inc. (China) Zhengzhou Meiya Chemical Products Co., Ltd. (China), Shandong Lixing Chemicals Co. Ltd. (China), Parsol Chemicals Pvt. Ltd. (India), Fujifilm Wako Pure Chemical Corporation (Japan), Taixing Taida Fine Chemical Co. Ltd (China), Alfa Aesar (Germany)
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Market Opportunities
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Liquid Ethylene Carbonate Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rise in the demand in lithium battery electrolyte and lubricant applications
The increasing demand for lithium battery electrolyte and lubricant applications is propelling the market. The increased usage of lithium-ion batteries in electric vehicles has resulted in an increase in the demand for ethylene carbonate in battery electrolytes. The transportation and manufacturing industries both utilize lubricants extensively. They gather, clean, and cool the engine in automobiles.
Furthermore, rising urbanization and increasing disposable income will drive the market's growth. Also, increasing demand of the product for applications in lithium-ion electrolytes will cushion the growth rate of liquid ethylene carbonate market. Another significant factor influencing the market's growth rate is the expansion of automotive sector.
Opportunities
- Emergence of lithium sulphur batteries
The introduction of lithium sulphur batteries will offer lucrative opportunities for the market's growth rate during the forecast period. Lithium-sulfur batteries are becoming more popular due to their high energy storage capacity. Compared to lithium-ion batteries, these batteries can store ten times more energy. In lithium-sulfur batteries, ethylene carbonate serves as the electrolyte. For electric vehicles, lithium-sulfur batteries are seen as a possible next-generation battery.
Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market's growth rate.
Restraints/ Challenges Global Liquid Ethylene Carbonate Market
- Fluctuation in oil and gas prices
Lithium-sulfur batteries are becoming more popular due to their high energy storage capacity. Compared to lithium-ion batteries, these batteries can store ten times more energy. In lithium-sulfur batteries, ethylene carbonate serves as the electrolyte. For electric vehicles, lithium-sulfur batteries are seen as a possible next-generation battery.
On the other hand, the variability in raw materials prices will impede the market's growth rate. Along with this, strict regulations will further limit the growth rate of market. The negative impact of COVID-19 outbreak on supply chain will act as market restraint and further challenge the market growth rate.
This liquid ethylene carbonate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the liquid ethylene carbonate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Liquid Ethylene Carbonate Market
All worldwide markets, including this one, have been affected by the global lockdown. The pandemic has harmed several solvent manufacturing companies because of the new social distance norms and non-operational chemical plants. In the current situation, some COVID-19 laws have been relaxed, and the market is establishing itself as a global enterprise. Plasticizer, lubricant, and Li-ion battery demand is gradually increasing, and by 2024, it will have met its target. Because the ethylene carbonate market has been shut down for several months, the primary drivers will need to employ a variety of measures to boost their productivity and sales. The market for ethylene carbonate is developing as public demand for more products rises.
Global Liquid Ethylene Carbonate Market Scope
The liquid ethylene carbonate market is segmented on the basis of application and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Applications
- Lithium Battery Electrolytes
- Lubricants
- Plasticizers
- Surface Coatings
- Chemical Intermediates
- Fiber Processing Agents
- Dyes
- Others
The liquid ethylene carbonate market is also segmented on the basis of application into chemical, building, painting and other.
End-Use Industry
- Automotive
- Oil and Gas
- Textile
- Chemical
- Medical
- Personal Care and Hygiene
- Agriculture
- Others
On the basis of end-use industry, the liquid ethylene carbonate market is segmented into automotive, oil and gas, textile, chemical, medical, personal care and hygiene, agriculture, and others.
Liquid Ethylene Carbonate Market Regional Analysis/Insights
The liquid ethylene carbonate market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the liquid ethylene carbonate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the liquid ethylene carbonate market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing urbanization and surging number of construction activities in this region.
Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period of 2022 to 2029 due to increasing demand for ethylene carbonate and high production capacities of leading players in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Liquid Ethylene Carbonate Market Share Analysis
The liquid ethylene carbonate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to liquid ethylene carbonate market.
Some of the major players operating in the liquid ethylene carbonate market are:
- Oriental Union Chemical Corporation (Taiwan)
- Huntsman International LLC. (US)
- BASF SE (Germany)
- Mitsubishi Chemical Corporation (Japan)
- Toagosei Co., Ltd. (Japan)
- Asahi Kasei Corporation (Japan)
- New Japan Chemical Co. Ltd (Japan)
- Shandong Shida Shenghua Chemical Group (China)
- ZIBO DONGHAI INDUSTRIES CO.,LTD. (China)
- Shandong Senjie Cleantech Co., Ltd. (China)
- Otto Chemie Pvt Ltd (India)
- Tokyo Chemical Industry Co. Ltd (Japan)
- Panax Etec (South Korea)
- RX MARINE INTERNATIONAL (India)
- Vizag Chemical (India)
- Empower Materials (US)
- Liaoning Oxiranchem Inc. (China)
- Zhengzhou Meiya Chemical Products Co., Ltd. (China)
- Shandong Lixing Chemicals Co. Ltd. (China)
- Parsol Chemicals Pvt. Ltd. (India)
- Fujifilm Wako Pure Chemical Corporation (Japan)
- Taixing Taida Fine Chemical Co. Ltd (China)
- Alfa Aesar (Germany)
Research Methodology : Global Liquid Ethylene Carbonate Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts
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