Ethylene Carbonate Market
Ethylene Carbonate Market Size, Share & Trends Analysis Report by Form (Solid and Liquid), by Application (Lubricants, Surface Coatings, Lithium Battery Electrolyte, Plasticizers, and Others), and by End-Use (Automotive, Industrial, Oil & Gas, Medical, and Others) Forecast Period (2022-2028)
Ethylene carbonate market is anticipated to grow at a significant CAGR of 6.2% during the forecast period. The growing demand for lubricants due to the rising automobile industry is fuelling the demand for ethylene carbonate across the globe. Ethylene carbonate is used as a solvent in lubricants for polymers, resins, plasticizers, and adhesives & sealants. It is also used as a raw material for the production of lubricants. Lubricants have different application in automobile such as it reduce friction, transfer heat, prevent corrosion, protect against wear and tear, remove contaminants, transmit power, and others. According to European Automobile Manufacturers’ Association (ACEA), in 2021, around 79.1 million motor vehicles were produced across the globe, an increase of 1.3% compared to 2020. Hence, due to the increasing production and demand for automobiles and other benefits are boosting the demand for ethylene carbonate during the forecast period.
Segmental Outlook
The global ethylene carbonate market is segmented based on form, application, and end-use. Based on form, the market is segmented into solid and liquid. Based on the application, the market is sub-segmented into lubricants, surface coatings, lithium battery electrolyte, plasticizers, and others. Based on end-use, the market is sub-segmented into automotive, industrial, oil & gas, medical, and others. The above mentioned segments can be customized as per the requirements. Among the form, the solid form is anticipated to hold a prominent share in the market. Owing to the rising usage in various applications such as chemical intermediates, plasticizers, solvents, and lubricants. EC in solid form is largely used in these applications to cater to the end-use industries such as automotive, medical, chemical, and industrial.
Among the application, the lubricant sub-segment is expected to hold a prominent market share over the forecast period owing to its wide application in industries including automobile, oil & gas, and others. It is majorly used in the production of multiple surface coatings as a solvent. Thus, the increasing application of surface coating products in the automobile sector for reducing the emission of VOCs is bolstering the segmental growth. Additionally, it acts as durable protection for all vehicles hence propelling its use for surface coating. It prevents corrosion from continuous exposure to the elements, salty air or indeed prolonged periods of storage before use it is necessary to protect metal surfaces with a surface protective coating. These factors are propelling the demand for ethylene carbonate globally. For instance, according to the Observatory of the Economic Complexity (OEC), in 2020, the top importers of Lubricating Products were China ($1.6 billion), Germany ($556 million), Mexico ($307 million), Russia ($282 million), and Canada ($272 million).
Regional Outlooks
The global ethylene carbonate market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these the Asia-Pacific region is anticipated to grow at a fastest CAGR over the forecast period. However, the North America is expected to hold a prominent share in the market.
Global Ethylene Carbonate Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Grow at a Fastest CAGR in the Global Ethylene Carbonate Market
The Asia-Pacific Region is expected to grow at a fastest CAGR in the global ethylene carbonate market during the forecast period. The key market players are heavily investing in the region in industries such as automotive, healthcare, chemical and others, due to the low labor costs, which in turn is boosting the regional market growth. According to the Asian Development Bank (ADB), as of 2022, the Asian Development Bank (ADB) signed a $60 million equity investment in OrbiMed Asia Partners V, LP (OAP V). Asia Partners is a private equity fund managed by OrbiMed Advisors LLC (OrbiMed). The investment aims to enhance health care facility and expansion its coverage in India and the People’s Republic of China (PRC). For instance, in November 2020, HIL (Hindustan Insecticides Ltd.) signed a memorandum of understanding with the Department of Chemicals & Petro Chemicals to achieve revenue target of $60.9 Million. Ethylene carbonate is attributed to the rising usage in various applications such as chemical intermediates, solvents, plasticizers, and lubricants. Ethylene carbonate in solid form is largely used in these applications to cater to the end-use industries such as automotive, chemical, and others.
Market Players Outlook
The major companies serving the global ethylene carbonate market include BASF SE, Fujifilm Wako Pure Chemical Corp., Merck Group, Mitsubishi Chemical Group Corp., Toagosei Co., Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2019, Mitsubishi Chemical Corp. acquired the thermoplastic polyurethane elastomer (TPU) business of the US based AdvanSource Biomaterials Corp. Through this acquisition, the company expanded its elastomer solution portfolios to TPU technologies. In addition, this acquisition had accelerated the market development of existing business in the US medical devices market.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ethylene carbonate market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. BASF SE
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Fujifilm Wako Pure Chemical Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Merck Group
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Mitsubishi Chemical Group Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Toagosei Co., Ltd.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Ethylene Carbonate Market by Form
4.1.1. Solid
4.1.2. Liquid
4.2. 2Global Ethylene Carbonate Market by Application
4.2.1. Lubricants
4.2.2. Surface Coatings
4.2.3. Lithium Battery Electrolyte
4.2.4. Plasticizers
4.2.5. Others
4.3. 5Global Ethylene Carbonate Market by End-Use
4.3.1. Automotive
4.3.2. Industrial
4.3.3. Oil & Gas
4.3.4. Medical
4.3.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Empower Materials, Inc.
6.2. Huntsman International LLC
6.3. Liaoning Oxiranchem Inc.
6.4. Lixing Chemical
6.5. New Japan Chemical Co. Ltd.
6.6. Oriental Union Chemical Corp.
6.7. Otto Chemie Pvt. Ltd.
6.8. Panax Etec
6.9. RX Marine International
6.10. Shandong Senjie Cleaning Technology Co., Ltd.
6.11. Taixing Taida Fine Chemical Co. Ltd.
6.12. TCI Chemicals (India) Pvt. Ltd.
6.13. Thermo Fisher Scientific India Private Ltd.
6.14. Vizag Chemical International
6.15. Zibo Donghai Industries co. Ltd.
1. GLOBAL ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
2. GLOBAL SOLID ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL LIQUID ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
5. GLOBAL ETHYLENE CARBONATE FOR LUBRICANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ETHYLENE CARBONATE FOR SURFACE COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL ETHYLENE CARBONATE FOR LITHIUM BATTERY ELECTROLYTE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL ETHYLENE CARBONATE FOR PLASTICIZERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL ETHYLENE CARBONATE FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
11. GLOBAL ETHYLENE CARBONATE FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL ETHYLENE CARBONATE FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL ETHYLENE CARBONATE FOR OIL & GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL ETHYLENE CARBONATE FOR MEDICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL ETHYLENE CARBONATE FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. NORTH AMERICAN ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
19. NORTH AMERICAN ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. NORTH AMERICAN ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
21. EUROPEAN ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
23. EUROPEAN ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. EUROPEAN ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
31. REST OF THE WORLD ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
32. REST OF THE WORLD ETHYLENE CARBONATE MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
1. GLOBAL ETHYLENE CARBONATE MARKET SHARE BY FORM, 2021 VS 2028 (%)
2. GLOBAL SOLID ETHYLENE CARBONATE MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL LIQUID ETHYLENE CARBONATE MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL ETHYLENE CARBONATE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
5. GLOBAL ETHYLENE CARBONATE FOR LUBRICANTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL ETHYLENE CARBONATE FOR SURFACE COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL ETHYLENE CARBONATE FOR LITHIUM BATTERY MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL ETHYLENE CARBONATE FOR PLASTICIZERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL ETHYLENE CARBONATE FOR OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL ETHYLENE CARBONATE MARKET SHARE BY END-USE, 2021 VS 2028 (%)
11. GLOBAL ETHYLENE CARBONATE FOR AUTOMOTIVE MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL ETHYLENE CARBONATE FOR INDUSTRIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL ETHYLENE CARBONATE FOR OIL& GAS MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL ETHYLENE CARBONATE FOR MEDICAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL ETHYLENE CARBONATE FOR OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL ETHYLENE CARBONATE MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. US ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
19. UK ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD ETHYLENE CARBONATE MARKET SIZE, 2021-2028 ($ MILLION)
