Industry Background:
Ethylene carbonate is a chemical substance that is widely used in lubricants, lithium batteries, surface coatings, plasticizers, etc. It has a transparent crystalline solid appearance and is odorless, and is also highly soluble in water. Ethylene carbonate goes through reduction or oxidation reactions on the surface of positive and negative electrodes. It is used in the synthesis of aliphatic polyurethanes, and also as a reactant in the preparation of dimethyl carbonate.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Huntsman Corporation (United States), Mitsubishi Chemical (Japan), Panax Etec Co. Ltd. (South Korea), Lotte Chemical Corporation (South Korea), Oriental Union Chemical Corp(China), The Merck Group (Germany), Toagosei Co., Ltd (Japan) and Tokyo Chemical Industry (Japan) |
This growth is primarily driven by Growing Demand for the Lubricants in the Automotive Industry and Increasing Production of Battery Production of Various Industries.
Globally, a noticeable market trend is evident Increasing Consumption of Ethylene Carbonate in Surface Coatings
Major Vendors, such as BASF SE (Germany), Huntsman Corporation (United States), Mitsubishi Chemical (Japan), Panax Etec Co. Ltd. (South Korea), Lotte Chemical Corporation (South Korea), Oriental Union Chemical Corp(China), The Merck Group (Germany), Toagosei Co., Ltd (Japan) and Tokyo Chemical Industry (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Manufacturers can focus on stringent quality control measures, advanced purification processes, and ensuring compliance with industry standards to provide a superior product to customers as well as players exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In April 2017, Mitsubishi Chemical Holdings merged its three group companies of Mitsubishi Chemical Corporation, Mitsubishi Plastics, and Mitsubishi Rayon into one to strengthen the sharing of resources and business capabilities in the Asian, European, and American markets.
Regulatory Insights:
"Cyclic carbonate-based electrolytes are widely used in lithium-ion batteries, such as ethylene carbonate (EC), and they go through reduction or oxidation reactions on the surface of negative or positive electrodes, to form the well-known electrode-electrolyte interface film (EEI). The EEI is permeable to lithium-ions in the electrolyte but not conducive to the electrons on the electrode, and its formation can impede the continuation of the reduction and oxidation of the electrolyte, and the irreversible consumption of lithium-ions during cycling."
Influencing Trend:
Increasing Consumption of Ethylene Carbonate in Surface Coatings and Introduction of Usage of Ethylene Carbonate in Sustainable Manufacturing Technologies
Market Growth Drivers:
Growing Demand for the Lubricants in the Automotive Industry and Increasing Production of Battery Production of Various Industries
Challenges:
Adverse Environmental Impacts of Ethylene Carbonate
Restraints:
Availability of Substitutes and Alternative Products of Ethylene Carbonate
Opportunities:
Continuous Research and Development in the Ethylene Carbonate and Rising Applications of Ethylene Carbonate in Various Industries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Ethylene Carbonate Market
- Analysis about New Entrants in Ethylene Carbonate Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Ethylene Carbonate Study Sheds Light on
The Ethylene Carbonate Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ethylene Carbonate industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ethylene Carbonate industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.