Ethylene Carbonate Market Size to Expand at a Notable High CAGR of 6.3% During 2018 – 2023: MRFR

Apr 2, 2019

Ethylene Carbonate Market Research Report — by Form (Liquid, Solid), Purity (High Purity (>99%), Medium Purity (96 to 99%)), Application (Polyethylene Terephthalate (PET) Polyester), End-Use Industry (Carpets and Rugs), Region — Global Forecast to 2023. Ethylene Carbonate Market Size to Expand at a Notable High CAGR of 6.3% During 2018 - 2023

Pune, India - April 1, 2019 /MarketersMedia/ —

Global Ethylene Carbonate Market Overview:

According to MRFR analysis, the global ethylene carbonate market was valued at USD 263.5 million in 2017 and is estimated to reach USD 368.2 million with a robust CAGR of 6.3% during the forecast period. There is a surging demand for ethylene carbonate in lithium-ion electrolytes and lubricants which is expected to drive the global market growth. Growing need for high power and energy density is likely to increase the demand for safe and reliable batteries for automotive and consumer electronics industry.

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Furthermore, rising automotive industry in Asia-Pacific is likely to favor the market growth in the coming years. Moreover, rapid industrialization in emerging economies of Asia-Pacific and the Middle East & Africa is anticipated to positively influence the market growth. Growing adoption of new advanced lithium-ion batteries is expected to offer lucrative opportunities to the market players. In addition to this, growing R&D facilities for bio-based plasticizers is further anticipated to provide ample opportunities to the manufacturers.

However, volatile raw material prices and environmental regulations owing to the product’s toxicity is expected to hamper the market growth in the coming years. In addition to this, high production costs and transport costs is further anticipated to restrain the market growth during the review period.

Overview:

Ethylene carbonate is a cyclic chemical compound which is manufactured by reaction between ethylene oxide and carbon dioxide. It is an organic compound with fruity odor and has colorless to yellowish solid color. This carbonate ester is a highly polar solvent and dissolves large amount of electrolyte, largely used in lithium-ion batteries. They possess high boiling point, high polarity, and superior solubility, which makes it an ideal solvent for coating, dyes, plasticizer, among others.

Based on form, the global ethylene carbonate market has been segmented into liquid and solid. The liquid form segment dominated the market in 2017 and is expected to register for the highest CAGR in the coming years due to the growing consumption for the product in lithium battery electrolytes, fiber processing agents; and solvents in coatings and dyes.

On the basis of purity, the global ethylene carbonate market has been categorized into high purity (>99%), medium purity (96 to 99%), and low purity (99%) segment accounted for the largest market share in 2017 and is expected to be the fastest-growing segment in the coming years. This is attributed to the growing consumption of the product in lithium batteries electrolyte, capacitor electrolytes, organic solvents, release agent, and fiber processing agents.

By application, the global ethylene carbonate market has been classified into lithium battery electrolytes, lubricants, plasticizers, surface coatings, chemical intermediate, fiber processing agents, dyes, and others. The lithium battery electrolytes segment held the largest market share in 2017 and is expected to register a robust CAGR during the forecast period. This is attributed to the rising need for high power and energy density, which, in turn, increased the demand for safe and reliable batteries for automotive and consumer electronics industries. Growing demand for the product in lithium battery electrolytes in electric vehicles is further expected to drive the market growth.

Based on end-use industry, the global ethylene carbonate market has been divided into automotive, oil & gas, medical, personal care & hygiene, chemical, textile, and others. The automotive segment is anticipated to lead the global market growth in 2017 and is projected to grow at a significant CAGR in the following years owing to the enhanced surface coatings and the growing demand for the product in lubricants. In addition to this, it is used in lithium-ion batteries in electric vehicles which further fuels the market growth.

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Market Segmentation:

The global ethylene carbonate market has been segmented based on form, purity, application, end-use industry, and region.
By form, the global ethylene carbonate market has been bifurcated into solid and liquid.

On the basis purity, the global ethylene carbonate market has been divided into high purity (>99%), medium purity (96 to 99%), and low purity (https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7335

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]

Contact Info:
Name: Akash Anand
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/ethylene-carbonate-market-7335

Source URL: https://marketersmedia.com/ethylene-carbonate-market-size-to-expand-at-a-notable-high-cagr-of-63-during-2018-2023-mrfr/497517

Source: MarketersMedia

Release ID: 497517

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