H1 2023: Ethylene Carbonate (EC)’s largest consumer was Asia Pacific region in H1 2023 on the basis of region. The market prices for ethylene carbonate in the Chinese domestic region showed a mixed pricing pattern in the first half of 2023. The region's cost support for the feedstock, ethylene oxide, stayed lower till March. Prices rose in the first month due to both a sufficient supply of the commodity in the area and rising demand from the downstream battery manufacturing business. Following the decline in EV sales in the area, the downstream market participants were very cautious when making new electrolyte acquisitions in February 2023. March saw a further decrease in pricing as a result of rising product inventories and decreased demand. The downstream consumers were hesitant to make fresh purchases in March 2023. The period of April- June had a bearish trend in ethylene carbonate prices in Asia. The drop in demand from the EV sector in the international market was the primary cause of the price fall in the Chinese market. Mid- May 2023 saw an improvement in domestic demand for EVs, which in turn caused prices to stabilize. June saw stability in prices in China. By the end of June 2023, inventory stockpiles were sufficient and operational capacity of EC had improved in China.
The global Ethylene Carbonate (EC) market stood at approximately 460 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 6.5% during the forecast period until 2032.
The interaction between carbon dioxide and ethylene oxide produces up ethylene carbonate, and at high temperatures and pressures, the reaction is catalyzed by the quantity of complexes and cations present. In addition, it finds utility in polymers and chemical synthesis as a plasticizer and a precursor to vinylene carbonate. Since ethylene carbonate is a highly polar solvent that dissolves a wide variety of electrolytes and is utilized in the electrolyte solutions of lithium batteries, it is utilized as a raw material for the production of lubricants. It is used in many different industries, including as the oil and gas, automotive, industrial, medical, personal care, and hygiene sectors. To improve the performance and characteristics of lubricant formulations, ethylene carbonate is added as an additive or co-solvent. It also lessens wear and friction between moving parts by enhancing the lubricant's lubricity and film-forming properties. By creating a protective film on the metal surfaces, ethylene carbonate reduces the possibility of surface damage and component failure as well as metal-to-metal contact. Applications for ethylene carbonate are found in the pharmaceutical sector. It can be a part of controlled-release systems and utilized as a solvent or co-solvent in medication formulations. It is also used in the manufacturing of adhesives and coatings. It can improve the coatings' and adhesives' adherence, durability, and film-forming capabilities.
The growing popularity of electric vehicles and the increasing need for energy storage devices are the main causes of the increase in the market for ethylene carbonate. It is essential to the creation of electrolytes for lithium-ion batteries, which are widely utilized in renewable energy storage, electric cars, and portable devices. Because lithium-sulphur batteries offer a significant increase in energy storage capacity over lithium-ion batteries, their energy storage capability is driving the EC market demand. In comparison to lithium-ion batteries, they are regarded as next-generation electric vehicle batteries. Their easily obtainable sulphur cathode and little hazardous impact on the environment have increased demand for ethylene carbonate in lithium-sulphur batteries. An essential reactive a intermediate in the creation of greases and lubricants is ethylene carbonate. Sales in this market are anticipated to be fueled by rising consumption in the oil & gas, automotive, and industrial sectors—all of which use lubricants extensively. The global Ethylene Carbonate (EC) market is anticipated to touch roughly 865 thousand tonnes by 2032.
Asia-Pacific region leads the global Ethylene Carbonate (EC) market. Furthermore, this area leads the world in the production of battery electrolytes for lithium-ion electric vehicle batteries. The market in this region has been driven by increased utilization in a number of end-use industries, including oil and gas, automotive, industrial, and medical. Also, the ethylene carbonate market in this region is rising quickly due to China's expanding economy and expanding population.The government's tightening of environmental regulations has put more strain on this area, which has increased the demand for and manufacture of electric vehicles.
Based on the end-user industry, the global Ethylene Carbonate (EC) market is divided into Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, and Others. Although, into Lithium Battery Electrolytes is the major segment and held about 65% of the global Ethylene Carbonate (EC) market in 2022. EC is also utilized as a part of drilling fluids. It can aid in lowering the mud's viscosity and increasing its lubricity, which will increase drilling efficiency and lessen friction between the drill bit and wellbore.
Major players in the Global Ethylene Carbonate (EC) market are Aesar, Asahi Kasei, BASF, Empower Materials, Fujifilm Wako Pure Chemical Corporation, Huntsman, Liaoning Oxiranchem Inc., Linde Oriental Union Chemical Corporation, Mitsubishi Chemical, New Japan Chemical Co., Otto Chemie Pvt Ltd, Parsol Chemicals Pvt. Ltd, Shandong Senjie Cleantech Co. Ltd, Taixing Taida Fine Chemical Co. Ltd, Toagosei Co., Ltd., Tokyo Chemical Industry Co. Ltd, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Ethylene Carbonate (EC) which covers production, demand and supply of Ethylene Carbonate (EC) market in the globe.
• To analyse and forecast the market size of Ethylene Carbonate (EC)
• To classify and forecast Global Ethylene Carbonate (EC) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ethylene Carbonate (EC) market in the globe.
To extract data for Global Ethylene Carbonate (EC) market, primary research surveys were conducted with Ethylene Carbonate (EC) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Ethylene Carbonate (EC) market over the coming years.
ChemAnalyst calculated Ethylene Carbonate (EC) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Ethylene Carbonate (EC). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ethylene Carbonate (EC) manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethylene Carbonate (EC) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethylene Carbonate (EC) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Ethylene Carbonate (EC) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
460 thousand tonnes
Market size Volume in 2032
865 thousand tonnes
Growth Rate
CAGR of 6.5% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, , Manufacturing Process.
Segments covered
By End-Use: (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Ethylene Carbonate (EC) market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Ethylene Carbonate (EC).
3. Capacity By Location
To better understand the regional supply of Ethylene Carbonate (EC) by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Ethylene Carbonate (EC) by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, and Others) are creating a market and the forecast for the growth of the Ethylene Carbonate (EC) market.
7. Demand by Region
Analyzing the change in demand of Ethylene Carbonate (EC) in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Ethylene Carbonate (EC). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Ethylene Carbonate (EC).
10. Company Share
Figure out what proportion of the market share of Ethylene Carbonate (EC) is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Ethylene Carbonate (EC).
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Ethylene Carbonate (EC) in terms of volume in 2022?
Ans:
The global market size of Ethylene Carbonate (EC) has reached approximately 460 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Ethylene Carbonate (EC)?
Ans:
Asia Pacific region is the leading consumer of Ethylene Carbonate (EC) globally.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.