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
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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
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Details
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Market size Volume in 2022
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460 thousand tonnes
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Market size Volume in 2032
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865 thousand tonnes
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Growth Rate
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CAGR of 6.5% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2032
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Report coverage
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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.
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Segments covered
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By End-Use: (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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