New York, NY -- (SBWIRE) -- 03/05/2021 -- According to the current analysis of Reports and Data, the global Ethylene Carbonate Market was valued at USD 0.28 Billion in 2018 and is expected to reach USD 0.45 Billion by year 2026, at a CAGR of 6%. The study covers the genre of chemicals and materials with special focus on the ethylene carbonate market. Ethylene Carbonate is an organic compound that holds the capacity of dissolving large amounts of electrolytes. It is a highly polar solvent in nature. The compound is said to have a melting point at a temperature of 39.5°C and a boiling point of 248°C. The compound can be used in various industries such as, automotive, oil and gas, medical etc.

Top Players Covered in the Report Include:
Mitsubishi Chemicals,
BASF SE
Huntsman
Asahi Kasei
Toagosei Co. Ltd.
Others

The continuous research and development to expand the domains of application of ethylene carbonates has been one of the factors propelling the market and increasing its demand. The rising demand for lithium batteries electrolytes are accelerating the demand for ethylene carbonates in the market. In addition the government policies about the fuel economy is rising the demand for lithium ion batteries. This has been a key factor for the rise in the demand. The versatility of application is one of the main factors propelling the market.

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Further key findings from the report suggest
Ethylene Carbonate is a highly polar solvent featuring high boiling point (up to a temperature of 248°C), low toxicity, no odor and high solubility for polymers are the key properties that make it an ideal solvent and therefore, an attractive option to several industries.

One unique property of Ethylene Carbonate is that it is an organic, highly aprotic solvent. This feature boosts the demand for this compound in several industries as they require compounds that do not have a hydrogen atom bound to either oxygen, nitrogen or fluorine.

The versatility of application in the several industries such as automotive, personal care, oil and gas etc. has spiraled the demand for ethylene carbonate market. This is the key factor driving the demand.

Lithium battery electrolytes dominate the market as there is a rising demand for high power and energy in batteries. This rise in the demand for lithium batteries electrolytes is accelerating the demand for ethylene carbonates in the market. It continues to grow at a CAGR of 6.3%. The rising demand for lithium battery electrolytes is one of the major factors propelling the market.

The continuous research and development to expand the domains of application of ethylene carbonates has significantly propelled the market, increasing its demand.

Despite the several factors driving the market, factors such as the scarcity of raw materials as well as regulations on the use of ethylene carbonate in various industries, are some of the major restraining factors affecting the growth of this market.

Asia Pacific dominates the market due to the growth in the oil and gas and automotive industries. It holds a market share of 41.8%. An exponential rise in the population in emerging countries such as China is held responsible for this rise in the market demand. The region continues to grow at a CAGR as high as 6.3%.

Along with Asia Pacific, North America and Europe are the two markets that are the regions dominating the market due to their technological advancements. North America is expected to continue rising at a CAGR of 6.4%. Similarly, European markets are expected to grow at a CAGR of 5.7%.

Automotive industry is the largest consumer of ethylene carbonate with the intention to reduce emission from vehicles.

Oil and Gas industry is expected to register the highest growth with a CAGR of 7%.

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For the purpose of this report, Reports and Data has segmented the Ethylene Carbonate market on the basis of application, form, end use, and region:

Form (Revenue, USD Million; 2016–2026)
Solid
Liquid

Application (Revenue, USD Million; 2016–2026)
Lithium Battery Electrolytes
Solvents
Photochromatic applications
Lubricants
Plasticizers
Medical products
Others

End Use (Revenue, USD Million; 2016–2026)
Medical
Automotive
Oil and Gas
Personal Care
Others

Regional Outlook (Revenue in USD Million; 2016–2026)
North America
U.S.
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of the Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East & Africa
Latin America
Brazil

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Major Highlights of the Report:
The latest report offers a vivid depiction of the global Ethylene Carbonate business sphere, with prime focus on its fundamental operations, industrial chain analysis, current and future market trends, as well as the prominent growth opportunities.

The report includes critical information on the present and historical market scenarios. Such information is used by market analysts to forecast the likely market conditions over the next eight years (2020-2027).

The strategic marketing recommendations, vital information related to the new market entrants, and the expansion plans of various business verticals are expected to help the reader visualize the competitive edge of the market.

Furthermore, the report scrutinizes the salient factors influencing the growth of the market in the near future.

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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026

Chapter 3. Indicative Metrics
3.1. Rising need for reduction in emissions

Chapter 4. Ethylene Carbonate Segmentation & Impact Analysis
4.1. Ethylene Carbonate Segmentation Analysis
4.2. Ethylene Carbonate Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Ethylene Carbonate Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Versatility of application
4.4.1.2. No odor
4.4.1.3. Low toxicity
4.4.2. Market restraint analysis
4.4.2.1. Scarcity of raw materials
4.5. Key opportunities prioritized
4.6. Ethylene Carbonate Pricing Analysis
4.7. Industry analysis - Porter's
4.8. Ethylene Carbonate PESTEL Analysis

Chapter 5. Ethylene Carbonate Market By Form Insights & Trends

Continued…..