Ethylene Carbonate Market Size & Share Report, 2022-2029

 

Ethylene Carbonate Market

Ethylene Carbonate Market touched USD 480 million in 2021 and is projected to reach USD 788 million in 2029 growing at a CAGR of 6.4% during the forecast period 2022-2029.

The factors driving the growth of Ethylene Carbonate Market includes growing demand for lithium-ion batteries and increasing application of Ethylene Carbonate in oil and gas, consumer electronics and automotive industry and rising sales of Electric Vehicles around the world. Moreover, the growing use of Ethylene Carbonate as a solvent in resins, adhesives & sealants, and increasing environment concerns about global warming and depletion of fossil fuels around the world, are pushing the demand for Ethylene Carbonate solutions. In addition, rapid urbanization, rising disposable incomes and increasing economic activities in the emerging economies such as China, Brazil, and South Korea, are expected to boost the market growth in the approaching year.

However, the growth of Ethylene Carbonate Market is hindered due to fluctuations in the prices of raw materials.

 The prominent players operating in the market are New Japan Chemical Co., Ltd., Asahi Kasei Corporation, BASF SE, TOAGOSEI CO., LTD., Huntsman International LLC, Donghai Industries, Alchem Chemical Company, Alfa Aesar, OUCC and Mitsubishi Chemical Corporation among others.

Application – Segment Analysis

Based on the application, the lubricants segment is estimated to expand at a remarkable CAGR over the forecast period due to increasing application of Ethylene Carbonate in oil and gas and automotive sector.

End-Use Industry – Segment Analysis

According to Ethylene Carbonate Market Analysis, the automotive segment is projected to grow at a promising CAGR during the forecast period attributed to growing sales of lithium-ion batteries around the world.

Regional: Segment Analysis

Based on the region, the Asia-Pacific region is projected to grow at a faster CAGR during the forecast period. The increasing application of Ethylene Carbonate in automotive and healthcare industry, reduced labor cost and Government policies for pushing the manufacturing of electric vehicles, are propelling the market growth in the Asia-Pacific region. The Production Linked Incentive scheme implemented by Government of India aims at increasing the production of Advanced Chemistry Cell (ACC), which will boost the demand for electric vehicles.

Market Segmentation

Global Ethylene Carbonate Market by Application

  • Surface Coatings
  • Plasticizers
  • Lubricants
  • Lithium Battery Electrolytes
  • Others

Global Ethylene Carbonate Market by End-Use Industry

  • Automotive
  • Oil & Gas
  • Personal Care & Hygiene
  • Healthcare
  • Others

Global Ethylene Carbonate Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Location: United States

Comments

Post a Comment

Popular posts from this blog

Restaurant Point Of Sale Terminal Market Share Report & Forecast 2029

Image
  The Restaurant Point-of-Sale Terminal Market is estimated to witness a growth of CAGR 8.5% during the forecast period, 2022-2029. The factors driving growth of the Restaurant Point-of-Sale Terminal Market includes increasing deployment of point-of-sale systems at restaurants, breweries, and nightclubs, rise in the volume of contactless payment transactions, growing popularity of online food delivery applications such as Swiggy, Zomato and Uber Eats and improvements in the living standards. Moreover, technological advancements in point-of-sale systems, Point of Sale Terminals offer online orders, e-wallets, table reservations and loyalty programs, rising focus by restaurants on streamlining operations, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, strategic collaborations between enterprises and growing
Read more

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more