Bismarck News Updates

Ethylene Carbonate Market worth $389 million by 2026, at a CAGR of 6.1%

 Breaking News
  • No posts were found

Ethylene Carbonate Market worth $389 million by 2026, at a CAGR of 6.1%

May 28
18:14 2021
Ethylene Carbonate Market worth $389 million by 2026, at a CAGR of 6.1%

Browse 125 market data Tables and 41 Figures spread through 166 Pages and in-depth TOC on “Ethylene Carbonate Market”
Ethylene Carbonate Market by Application(Lubricants, Lithium Battery Electrolytes, Plasticizers, Surface Coatings), End-Use Industry (Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene), and Region

The global ethylene carbonate market size is expected to grow from USD 290 million in 2021 to USD 389 million by 2026, at a CAGR of 6.1%, during the forecast period. The major factors driving the ethylene carbonate industry include its increasing demand from APAC and growing consumption in various applications such as lithium battery electrolytes, lubricants, coatings, and plasticizers.

Download PDF Brohcure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=229766138

Solid form ethylene carbonate to dominate the global ethylene carbonate market 

The ethylene carbonate industry has been segmented based on form into solid and liquid. The solid segment accounted for the larger share of the market in 2020. The growth in this segment is attributed to the increasing demand from various applications lubricants, plastisizers, solvents, chemical intermediates, among others. Ethylene carbonate in solid form is extensively used in these applications to cater end use industries sucha as automotive, medical, chemical, industrial, among others. These factors are expected to drive the demand for ethylene carbonates during the forecast period.

Lubricants to dominate the global ethylene carbonate market 

The ethylene carbonate industry has been segmented based on application into lubricants, lithium battery electrolytes, plasticizers, surface coatings, and others. The lubricant segment accounted for the larger share of the market in 2020. The growth in this segment is attributed to the increasing demand from various end-use industries such as industrial and automotive. They are used in automotive engines as cooling and cleaning agents. These factors are expected to drive the demand for ethylene carbonates during the forecast period.

Automotive end-use industry segment to dominate the global ethylene carbonate market 

The market has been segmented based on the end-use industry into automotive, industrial, medical, oil & gas, personal care & hygiene, and others. The automotive segment accounted for the largest share of the market in 2020 and is expected to witness significant growth during the forecast period. The increase in this segment is attributed to different requirements by manufacturers, such as reduced emissions of volatile organic compounds (VOCs) and durable protective surface coating on vehicles. The motorization rate has increased over the last five years because of the rise in the disposable income of people and industrial growth across the globe. These factors are expected to drive demand during the forecast period.

APAC is expected to have the largest market size in the global ethylene carbonate industry during the forecast period

APAC is projected to be the leading ethylene carbonate market during the forecast period. The growth in the APAC region can be attributed to the rising demand for ethylene carbonate applications from various end-use industries, including industrial, automotive, and oil & gas. The presence of a robust industrial base, favorable government policies, and low labor costs along with growing demand for ethylene carbonate in the region are factors further strengthening the ethylene carbonate industry and attracting major players to invest in the region.
 
Oriental Union Chemical Corporation (Taiwan), Huntsman (US), BASF (Germany), Mitsubishi Chemical (Japan), and Toagosei Co., Ltd. (Japan), among others, are the key players operating in the ethylene carbonate market.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=229766138

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/ethylene-carbonate-market-229766138.html

Categories