Over the last few years, the chemical manufacturing industries have experienced tremendous growth due to their expanding use in the automotive and oil and gas industries. In addition, the vehicle industry has experienced rapid expansion, which has considerably boosted the market. In 2018, 95,634,593 automobiles were produced, according to the International Organization of Motor Vehicle Manufacturers (OICA). According to the Huntsman Corporation, approximately 75% of the electrolyte by volume is solvents, mainly ethylene carbonate, which is in higher demand globally. Due to this, the sector will experience a certain influx of demand, increasing revenues over the forecast period.
Frequently Asked Questions
The market is segmented based on Segmentation, By Form (Liquid Ethylene Carbonate, Solid Ethylene Carbonate), Applications (Surface Coatings, Plasticizers, Lubricants, Lithium Battery Electrolytes, Others), End Use (Automotive Industry, Oil and Gas Industry, Personal Care and Hygiene Industry, Industrial Sector, Medical Industry, Others) – Industry Trends and Forecast to 2032
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The Global Ethylene Carbonate Market size was valued at USD 614.56 USD Million in 2024.
The Global Ethylene Carbonate Market is projected to grow at a CAGR of 13.8% during the forecast period of 2025 to 2032.
The market report covers data from the 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.
