DUBLIN--(BUSINESS WIRE)--The "Ethylene Carbonate Market by Application (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings), End-use Industry (Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The global ethylene carbonate market is projected to grow from USD 264.8 Million in 2017 to USD 355.1 Million by 2022, at a CAGR of 6% in terms of value from 2017 to 2022.
The growth of the ethylene carbonate market is primarily driven by the increasing demand for ethylene carbonate across various applications, such as lithium batteries electrolytes, lubricants, coatings, and plasticizers. However, factors such as the scarcity of raw materials and regulations over the use of ethylene carbonate are restraining the growth of this market. Regulations regarding the use of ethylene carbonate is likely to get flexible in the near future (as there are no direct substitutes available for the end-use industries) and therefore, is anticipated to have less impact on the growth of this market.
Asia Pacific, Europe, and North American regions are the major markets for ethylene carbonate. The ethylene carbonate market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. The increasing demand for lubricants from oil & gas, industrial, and automotive industries is driving the growth of the ethylene carbonate market in Asia Pacific. The increase in demand is due to the growing population and economic growth in China and Taiwan. China, Taiwan, South Korea, and Japan are the leading consumers of ethylene carbonate in Asia Pacific.
Oriental Union Chemical Corporation (Taiwan), Huntsman (US), BASF (Germany), Mitsubishi Chemical (Japan), and Toagosei Co., Ltd. (Japan) are the leading companies operating in the ethylene carbonate market. These companies are expected to account for significant shares of the ethylene carbonate market in the coming years.
- Growing Demand for Ethylene Carbonate in Lithium-Ion Electrolytes and Lubricants Applications
- Growing Automotive Industry in Asia-Pacific
- Massive Industrial Growth in Asia-Pacific and Africa
- Volatility in Raw Material Prices
- Increasing Adoption of New Technologies in Lithium-Ion Batteries
- Emergence of Bio-Based Plasticizers
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Ethylene Carbonate Market, by Application
7 Ethylene Carbonate Market, by End-Use Industry
8 Ethylene Carbonate Market, by Region
9 Competitive Landscape
10 Company Profiles
- Alchem Chemical Company
- Alfa Aesar
- Asahi Kasei
- Mitsubishi Chemical
- New Japan Chemical
- Oriental Union Chemical Corporation (OUCC)
- Panax Etec
- Shandong Senjie Chemical
- Shandong Shida Shenghua Chemical Group
- Zibo Donghai Industries
For more information about this report visit https://www.researchandmarkets.com/research/5hbwv9/global_ethylene?w=4