Ethylene Carbonate Industry Assessment 2020-2025: Increasing Adoption of New Technologies in Lithium-Ion Batteries, Emergence of Bio-Based Plasticizers
April 14, 2020 - 5:28 AM EDT
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Ethylene Carbonate Industry Assessment 2020-2025: Increasing Adoption of New Technologies in Lithium-Ion Batteries, Emergence of Bio-Based Plasticizers
The global ethylene carbonate market is expected to grow from USD 319 million in 2020 to USD 439 million by 2025, at a CAGR of 6.6% during the forecast period.
This report covers the ethylene carbonate market based on application, end-use industry, and region. The study aims at estimating the size and future growth potential of the market across various segmentation types. It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.
The ethylene carbonate market comprises major solution providers, such as are Oriental Union Chemical Corporation (Taiwan), Huntsman (US), BASF (Germany), Mitsubishi Chemical (Japan), and Toagosei Co. Ltd. (Japan), among others.
Increasing demand from automotive, industrial, and oil & gas end-use industries to drive the overall growth of the ethylene carbonate market
The ethylene carbonate industry is driven by various factors, such as increasing demand for ethylene carbonate from various end-use industries such as industrial, oil & gas, medical, automotive, and personal care & hygiene. The growth of these industries is expected to further propel the growth of the market during the forecast period. However, factors, such as the scarcity of raw materials and regulations on the use of ethylene carbonates are likely to hinder the growth of the market.
Lubricants segment to drive the global market during the forecast period
The ethylene carbonate market has been segmented based on applications such as lubricants, lithium battery electrolytes, plasticizers, surface coatings, and others. Among these applications, lubricants accounted for the larger share of the market during the forecast period. The market growth in this segment is attributed to growing usage in automotive, industrial, and manufacturing sectors. These factors are expected to drive demand during the forecast period.
Automotive segment expected to account for the largest market share during the forecast period
The automotive segment is proliferating owing to the different requirements by manufacturers, such as reduced emissions of volatile organic compounds (VOCs) that play a role in the formation of smog and to achieve long durable protective surface coating on vehicles. Furthermore, there has been a consistent rise in the number of vehicles in use across the globe over the past decade. This is fueling the sales of ethylene carbonate, mainly in lubricants, in the automotive industry.
APAC is expected to record the highest growth rate during the forecast period
APAC is expected to have the highest growth rate during the forecast period due to significant developments in industrial, automotive, and oil & gas end-use industries, which drives the ethylene carbonate market in the region. Furthermore, the growing population and economic growth in major countries, such as China and Taiwan, and growing disposable income will also drive the market in the APAC region. On the other hand, North America is projected to have the second-largest market size during the forecast period.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Ethylene Carbonate Market 4.2 Ethylene Carbonate Market Growth, by Region 4.3 Ethylene Carbonate Market, by Country and Application 4.4 Ethylene Carbonate Market Share, by Region, 2020 4.5 Ethylene Carbonate Market, by Application
5 Market Overview 5.1 Introduction 5.1.1 Drivers 5.1.1.1 Growing Demand for Ethylene Carbonate in Lithium-Ion Electrolytes and Lubricants Applications 5.1.1.2 Growing Automotive Industry in Asia-Pacific 5.1.1.3 Massive Industrial Growth in Asia-Pacific and Africa 5.1.2 Restraints 5.1.2.1 Volatility in Raw Material Prices 5.1.3 Opportunities 5.1.3.1 Increasing Adoption of New Technologies in Lithium-Ion Batteries 5.1.3.2 Emergence of Bio-Based Plasticizers 5.2 Porter's Five Forces Analysis 5.2.1 Threat of New Entrants 5.2.2 Bargaining Power of Suppliers 5.2.3 Threat of Substitutes 5.2.4 Bargaining Power of Buyers 5.2.5 Intensity of Rivalry 5.3 Trends and Forecast of GDP 5.4 Production Statistics of the Automotive Industry 5.4.1 North America: Production Statistics of the Automotive* Industry, by Country, 2015-2016 (Unit) 5.4.2 Europe: Production Statistics of the Automotive* Industry, by Country, 2015-2016 (Unit) 5.4.3 APAC: Production Statistics of the Automotive* Industry, by Country, 2015-2016 (Unit)
7 Ethylene Carbonate Market, by End-use Industry 7.1 Introduction 7.2 Automotive Industry 7.3 Oil & Gas Industry 7.4 Personal Care & Hygiene Industry 7.5 Industrial Sector 7.6 Medical Industry 7.7 Others
8 Ethylene Carbonate Market, by Region 8.1 Introduction 8.2 North America 8.2.1 US 8.2.2 Canada 8.2.3 Mexico 8.3 Europe 8.3.1 Germany 8.3.2 Italy 8.3.3 France 8.3.4 UK 8.3.5 Turkey 8.3.6 Russia 8.3.7 Rest of Europe 8.4 Asia-Pacific 8.4.1 China 8.4.2 Japan 8.4.3 Taiwan 8.4.4 South Korea 8.4.5 Rest of Asia-Pacific 8.5 Middle East & Africa 8.5.1 UAE 8.5.2 Saudi Arabia 8.5.3 South Africa 8.5.4 Rest of the Middle East & Africa 8.6 South America 8.6.1 Brazil 8.6.2 Argentina 8.6.3 Rest of South America
9 Competitive Landscape 9.1 Market Share Analysis
10 Company Profiles 10.1 Oriental Union Chemical Corporation (OUCC) 10.2 BASF 10.3 Mitsubishi Chemical 10.4 Huntsman 10.5 Toagosei 10.6 Asahi Kasei 10.7 New Japan Chemical 10.8 Zibo Donghai Industries 10.9 Shandong Shida Shenghua Chemical Group 10.10 Shandong Senjie Chemical 10.11 Other Companies 10.11.1 Alchem Chemical Company 10.11.2 Panax Etec 10.11.3 Alfa Aesar
