Ethylene Carbonate Market Size, Share, Growth Analysis, By Form (Solid, Liquid), By Application, By End Use, By Region - Industry Forecast 2025-2032


Report ID: SQMIG15E2491 | Region: Global | Published Date: December, 2024
Pages: 184 |Tables: 120 |Figures: 77

Ethylene Carbonate Market Insights

Ethylene Carbonate Market size was valued at USD 0 Million in 2023 and is poised to grow from USD 0 Million in 2024 to USD 0 Million by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).

The global ethylene carbonate market is experiencing significant growth due to its versatile applications and increasing demand from various industries. Ethylene carbonate is a chemical compound primarily used as a solvent and electrolyte in industries such as automotive, electronics, pharmaceuticals, and personal care. The purpose of the market is to provide a reliable and efficient chemical compound that can be used in a wide range of applications. Ethylene carbonate offers excellent solubility, stability, and conductivity properties, making it a preferred choice in industries where these characteristics are essential. The driving factors for the market growth is the increasing demand for lithium-ion batteries. Ethylene carbonate is a crucial component in the electrolyte formulation of these batteries, which are extensively used in electric vehicles and portable electronic devices. The market includes the development of alternative and more sustainable materials that can replace ethylene carbonate in certain applications. The search for greener and more environmentally friendly solvents and electrolytes may pose challenges to the growth of the ethylene carbonate market. The global ethylene carbonate market plays a vital role in providing a versatile chemical compound for various industries. The market's purpose is to fulfill the demand for a reliable solvent and electrolyte with specific properties. While driving factors such as the demand for lithium-ion batteries propel market growth, restraining factors like raw material price fluctuations and environmental concerns pose challenges.

Market snapshot - 2025-2032

Global Market Size

USD 521.03 billion

Largest Segment

Solid

Fastest Growth

Solid

Growth Rate

6.8% CAGR

Global Ethylene Carbonate Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Ethylene Carbonate Market Segmental Analysis

Global Ethylene Carbonate Market is segmented by Form, by Application, by End User and by Region. Based on Form, the market is segmented into Solid, Liquid. Based on Application, the market is segmented into Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, Others (capacitor electrolytes, resist strip solvents, fiber processing agents, soil hardening agents, organic solvents, and pharmaceuticals). Based on End User, the market is segmented into Automotive, Industrial, Medical, Oil & Gas, Personal Care & Hygiene, Others (electronics, textiles, and energy) Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Global Ethylene Carbonate Market Analysis By Form

In 2022, the solid form of ethylene carbonate dominated the global market with a revenue share of over 50.0%. This dominance can be attributed to its extensive usage in various applications, including chemical intermediates, solvents, plasticizers, and lubricants. Industries such as automotive, medical, chemical, and industrial rely on solid ethylene carbonate for their specific needs. For instance, it serves as an additive in the manufacturing of cosmetics, pharmaceuticals, and soldering fluxes. In the oil and gas industry, solid ethylene carbonate acts as a solvent, helping to reduce viscosity during high-temperature or extreme-pressure drilling operations where other fluids may not be as effective.

Liquid ethylene carbonate finds its applications in lubricants and polymers. It plays a crucial role in the production of high-density plastics that are resistant to impact and chemical deterioration. By mixing liquid ethylene carbonate with materials like diethyl carbonate, ethene oxide, and propylene oxide, special materials can be created based on specific requirements. Additionally, the manufacturing process of lithium-ion batteries relies on liquid ethylene carbonate for the production of the battery electrolyte. These diverse applications contribute to the growing demand for ethylene carbonate in its liquid form.

Global Ethylene Carbonate Market Analysis By Application

In 2022, the lubricants segment emerged as the dominant force in the global ethylene carbonate market, capturing a revenue share of over 30.0%. This dominance can be attributed to the widespread usage of ethylene carbonate-based lubricants in various end-use industries, including automobile, industrial, and oil & gas. These lubricants play a vital role in ensuring the smooth functioning, cooling, and cleaning of engines, making them indispensable in these industries.

The increasing demand for ethylene carbonate can be attributed to its significant usage in the production of lithium-ion battery electrolytes. These electrolytes are essential components in the manufacturing of rechargeable batteries, especially for electric vehicles (EVs). Ethylene carbonate finds extensive application in the manufacturing process of these electrolytes due to its highly polar nature, which contributes to their efficient performance. According to Huntsman Corporation, a leading chemical company, solvents, mainly ethylene carbonate, make up approximately 75% of the electrolyte volume.

Global Ethylene Carbonate Market Size By Form (%)

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Ethylene Carbonate Market Regional Insights

In 2022, Asia Pacific emerged as the dominant region in the global ethylene carbonate market, capturing a revenue share of over 35.0%. This regional dominance can be attributed to several factors, including a strong industrial base, favorable government policies, and the availability of low labor costs. These factors attract major players in the ethylene carbonate market to invest in the region and establish their operations. Additionally, Asia Pacific leads in the production of lithium-ion battery electrolytes, as well as the manufacturing of electric vehicle (EV) lithium-ion batteries. The increasing demand for EVs and the growing focus on renewable energy sources in the region further drive the demand for ethylene carbonate.

North America is also a significant market for ethylene carbonate, primarily due to the presence of large corporations in the automotive and chemical sectors. The consistent rise in vehicle usage in North America over the past decade has contributed to the growing demand for ethylene carbonate in the region. Furthermore, the high demand for EV vehicles in the U.S. market during the first quarter of 2022 is expected to have a positive impact on the global ethylene carbonate market.

Global Ethylene Carbonate Market Size By Geography
  • Largest
  • Fastest

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Ethylene Carbonate Market Dynamics

Global Ethylene Carbonate Market Drivers

Increasing Demand from Automotive Sector

  • The automotive industry continues to be a major driver for the ethylene carbonate market. Ethylene carbonate finds extensive use in lubricants, solvents, and as an additive in the production of plastics used in automobiles. The growth of the automotive sector, especially in emerging economies, has boosted the demand for ethylene carbonate in 2022.

Growing Focus on Energy Storage Solutions

  • The global push towards renewable energy sources and the need for efficient energy storage solutions have led to the increased adoption of lithium-ion batteries. Ethylene carbonate plays a crucial role in enhancing the performance and stability of these batteries, driving the demand for ethylene carbonate as a key component.

Global Ethylene Carbonate Market Restraints

Volatile Raw Material Prices

  • The ethylene carbonate market can be influenced by the volatility of raw material prices, especially ethylene oxide. Fluctuations in the prices of raw materials can impact the overall production costs and profitability of ethylene carbonate manufacturers, posing a challenge to the market growth.

Stringent Regulatory Frameworks

  • The chemical industry, including the ethylene carbonate market, is subject to various regulations and compliance requirements concerning safety, environmental impact, and product quality. Adhering to these stringent regulatory frameworks can pose challenges for market players, particularly in terms of compliance costs and product development.

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Ethylene Carbonate Market Competitive Landscape

The global ethylene carbonate market is highly competitive, with the presence of several prominent players operating worldwide. These companies engage in strategies such as mergers and acquisitions, partnerships, collaborations, and product launches to strengthen their market position and expand their product portfolios. The global ethylene carbonate market is characterized by intense competition among several key players. These companies strive to maintain their market position by focusing on product innovation, strategic partnerships, and expansion into new geographic regions.

Top Player’s Company Profiles in Global Ethylene Carbonate Market

 
  • Huntsman Corporation  
  • BASF SE  
  • Mitsubishi Chemical Corporation  
  • Merck KGaA  
  • Shandong Shida Shenghua Chemical Group Co., Ltd.  
  • Thermo Fisher Scientific Inc.  
  • Oriental Union Chemical Corporation  
  • New Japan Chemical Co., Ltd.  
  • Zhangjiagang Guotai-Huarong Chemical New Material Co., Ltd.  
  • Daicel Corporation  
  • LyondellBasell Industries Holdings B.V.  
  • China National Bluestar (Group) Co., Ltd.  
  • Panax Etec  
  • Dongying City Longxing Chemical Co., Ltd.  
  • Tokyo Chemical Industry Co., Ltd.  
  • Nippon Shokubai Co., Ltd.  
  • Kishida Chemical Co., Ltd.  
  • Jiangsu Zhongneng Chemical Technology Co., Ltd.  
  • KPX Green Chemical Co., Ltd.  
  • Guangzhou Tianma Group Tianma Chemical Co., Ltd.

Global Ethylene Carbonate Market Recent Developments

  • In March 2022, Merck KGaA announced the launch of a new grade of ethylene carbonate, known as "Luminata EC-HV," which is specifically designed for high-voltage lithium-ion batteries. The product offers improved performance and safety characteristics, catering to the increasing demand for advanced battery technologies in electric vehicles and energy storage systems.
  • In January 2022, BASF SE announced the expansion of its production capacity for ethylene carbonate at its Ludwigshafen site in Germany. The expansion aims to meet the growing demand for high-quality ethylene carbonate in various industries, including electronics, automotive, and energy storage.
  • In August 2021, Huntsman Corporation announced the acquisition of Gabriel Performance Products, a leading specialty chemical company. This strategic acquisition aims to strengthen Huntsman's product portfolio and expand its presence in the specialty chemicals market, including ethylene carbonate and other related products.

Ethylene Carbonate Key Market Trends

  • Research and Development Initiatives: The ethylene carbonate market is witnessing ongoing research and development activities to enhance its properties, expand its application scope, and explore potential sustainable alternatives. Innovations in the field of green chemistry and advancements in lithium-ion battery technology are driving these trends.
  • Strategic Collaborations and Partnerships: Key players in the ethylene carbonate market are increasingly engaging in strategic collaborations, partnerships, and joint ventures to strengthen their market presence, expand their product portfolios, and cater to a wider customer base. These collaborations aim to leverage the combined expertise and resources to drive market growth.

Ethylene Carbonate Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global ethylene carbonate market analysis, ethylene carbonate finds applications as a solvent, electrolyte, and additive in the production of lithium-ion batteries, lubricants, and plastics. The market also faces certain restraints and challenges. The availability of alternative chemicals and the fluctuating prices of raw materials used in the production of ethylene carbonate can pose challenges to market growth. environmental concerns and regulations related to the use of certain chemicals may impact market dynamics. The global ethylene carbonate market is driven by the growing demand for lithium-ion batteries, lubricants, and plastics. While facing challenges related to alternative chemicals and environmental concerns, the market holds opportunities for innovation and sustainable solutions. The market's future growth is closely tied to the advancements in battery technologies, automotive industry trends, and the adoption of renewable energy sources.

Report Metric Details
Market size value in 2023 USD 0 Million
Market size value in 2032 USD 0 Million
Growth Rate 6.8%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Million
Segments covered
  • Form
    • Solid, Liquid
  • Application
    • Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, Others (Capacitor Electrolytes, Resist Strip Solvents, Fiber Processing Agents, Soil Hardening Agents, Organic Solvents, Pharmaceuticals)
  • End-use
    • Automotive, Industrial, Medical, Oil & Gas, Personal Care & Hygiene, Others (Electronics, Textiles, Energy)
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Huntsman Corporation  
  • BASF SE  
  • Mitsubishi Chemical Corporation  
  • Merck KGaA  
  • Shandong Shida Shenghua Chemical Group Co., Ltd.  
  • Thermo Fisher Scientific Inc.  
  • Oriental Union Chemical Corporation  
  • New Japan Chemical Co., Ltd.  
  • Zhangjiagang Guotai-Huarong Chemical New Material Co., Ltd.  
  • Daicel Corporation  
  • LyondellBasell Industries Holdings B.V.  
  • China National Bluestar (Group) Co., Ltd.  
  • Panax Etec  
  • Dongying City Longxing Chemical Co., Ltd.  
  • Tokyo Chemical Industry Co., Ltd.  
  • Nippon Shokubai Co., Ltd.  
  • Kishida Chemical Co., Ltd.  
  • Jiangsu Zhongneng Chemical Technology Co., Ltd.  
  • KPX Green Chemical Co., Ltd.  
  • Guangzhou Tianma Group Tianma Chemical Co., Ltd.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Ethylene Carbonate Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Ethylene Carbonate Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Ethylene Carbonate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ethylene Carbonate Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ethylene Carbonate Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Ethylene Carbonate Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Ethylene Carbonate Market size was valued at USD 0 Million in 2023 and is poised to grow from USD 0 Million in 2024 to USD 0 Million by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).

The global ethylene carbonate market is highly competitive, with the presence of several prominent players operating worldwide. These companies engage in strategies such as mergers and acquisitions, partnerships, collaborations, and product launches to strengthen their market position and expand their product portfolios. The global ethylene carbonate market is characterized by intense competition among several key players. These companies strive to maintain their market position by focusing on product innovation, strategic partnerships, and expansion into new geographic regions. 'Huntsman Corporation  ', 'BASF SE  ', 'Mitsubishi Chemical Corporation  ', 'Merck KGaA  ', 'Shandong Shida Shenghua Chemical Group Co., Ltd.  ', 'Thermo Fisher Scientific Inc.  ', 'Oriental Union Chemical Corporation  ', 'New Japan Chemical Co., Ltd.  ', 'Zhangjiagang Guotai-Huarong Chemical New Material Co., Ltd.  ', 'Daicel Corporation  ', 'LyondellBasell Industries Holdings B.V.  ', 'China National Bluestar (Group) Co., Ltd.  ', 'Panax Etec  ', 'Dongying City Longxing Chemical Co., Ltd.  ', 'Tokyo Chemical Industry Co., Ltd.  ', 'Nippon Shokubai Co., Ltd.  ', 'Kishida Chemical Co., Ltd.  ', 'Jiangsu Zhongneng Chemical Technology Co., Ltd.  ', 'KPX Green Chemical Co., Ltd.  ', 'Guangzhou Tianma Group Tianma Chemical Co., Ltd.'

The automotive industry continues to be a major driver for the ethylene carbonate market. Ethylene carbonate finds extensive use in lubricants, solvents, and as an additive in the production of plastics used in automobiles. The growth of the automotive sector, especially in emerging economies, has boosted the demand for ethylene carbonate in 2022.

Research and Development Initiatives: The ethylene carbonate market is witnessing ongoing research and development activities to enhance its properties, expand its application scope, and explore potential sustainable alternatives. Innovations in the field of green chemistry and advancements in lithium-ion battery technology are driving these trends.

In 2022, Asia Pacific emerged as the dominant region in the global ethylene carbonate market, capturing a revenue share of over 35.0%. This regional dominance can be attributed to several factors, including a strong industrial base, favorable government policies, and the availability of low labor costs. These factors attract major players in the ethylene carbonate market to invest in the region and establish their operations. Additionally, Asia Pacific leads in the production of lithium-ion battery electrolytes, as well as the manufacturing of electric vehicle (EV) lithium-ion batteries. The increasing demand for EVs and the growing focus on renewable energy sources in the region further drive the demand for ethylene carbonate.

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