{"id":146771,"date":"2024-06-28T07:29:00","date_gmt":"2024-06-28T05:29:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=146771"},"modified":"2024-06-24T12:44:48","modified_gmt":"2024-06-24T10:44:48","slug":"fresh-study-reveals-the-ethylene-carbonate-market-worth-901-million-by-2027","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/fresh-study-reveals-the-ethylene-carbonate-market-worth-901-million-by-2027\/","title":{"rendered":"Fresh Study Reveals the Ethylene Carbonate Market worth $901 million by 2027"},"content":{"rendered":"\n\n\n

MarketsandMarkets projects that the global ethylene carbonate market size will grow from USD 473 million in 2022 to USD 901 million by 2027, at a CAGR of 13.7%, during the forecast period. The growth of the market can be attributed to the increasing consumption of ethylene carbonate in manufacture of electrolytes for lithium batteries. The shift in consumer preference toward high-quality yet sustainable products have resulted in an increase in sales of electric vehicles. This factor has mirrored into the growth of the market. However, the volatility in raw material prices acts as a restraint in the growth of the ethylene carbonate market.<\/p>\n\n\n

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Ethylene carbonate is used as an highly polar solvent in various applications, including lithium-ion batteries, lubricants, coatings, and plasticizers. The addition of ethylene carbonate considerably improves the amorphicity of the medium, which favors high conductivity and helps easy thermal stability and ion motion of the high energy lithium-ion battery.<\/p>\n\n\n\n

Ethylene carbonate is also used used as a precursor to vinylene carbonate; and a plasticizer for organic synthesis.<\/p>\n\n\n\n

In July 2021, Asahi Kasei licensed its technology package for manufacturing of upto 38 KTA of high-purity ethylene carbonate and 70KTA of dimethyl carbonate using CO2 as a feedstock to Lotte Chemical. This process features the use of CO2 as a feedstock similar to that in the polycarbonate manufacture processs.<\/p>\n\n\n\n

CO2 accounts for approximately 50% of the feedstock and the process will account for consumption of 50 KT of CO2 emissions annually.<\/p>\n\n\n\n

Based on form, the ethylene carbonate market<\/a> is segmented into solid and liquid. The liquid segment is projected to grow at the highest growth rate owing to increasing demand for ethylene carbonate as a lithium battery electrolyte due to the increase in demand for electric vehicles.<\/p>\n\n\n\n

Based on end-use industry, the ethylene carbonate market is segmented into automotive, oil & gas, industrial, medical, personal & hygiene, and others. The automotive segment is projected to grow at the highest growth rate owing to the rising demand for a sustainable energy source for electric vehicles along with lightweight plastic materials with improved durability.<\/p>\n\n\n\n

Download PDF Brochure<\/a>: By application, the ethylene carbonate market is segmented into lubricants, lithium battery electrolytes, plasticizers, surface coating, and others. The lithium battery electrolyte segment is expected to grow at a significant rate during the forecast period, due to the increasing use of ethylene carbonate in battery electrolytes for lithium-ion batteries and the dynamic shift of the automotive industry toward the use of sustainable and clean fuels.<\/p>\n\n\n\n

APAC is the largest and fastest-growing market for ethylene carbonate. The growth in the region can be attributed to the increasing consumption of ethylene carbonate.<\/p>\n\n\n\n

The growing demand for lithium battery electrolytes, plasticizers, and surface coating-based products from China, South Korea, Taiwan, and Japan is a key driver of the market in the region. The rapidly growing demand for ethylene carbonate in applications, competitive manufacturing costs, and high economic growth rates are the favorable forces driving the market of ethylene carbonate in this region.   <\/p>\n\n\n\n

Request Sample Report<\/a>: Many major players are expanding into the emerging economies of Asia Pacific, such as China and South Korea, to explore the untapped markets of the region. Moreover, the low cost of setting up and operating of manufacturing facilities is driving the growth of the ethylene carbonate market in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"

MarketsandMarkets projects that the global ethylene carbonate market size will grow from USD 473 million in 2022 to USD 901 million by 2027, at a CAGR of 13.7%, during the forecast period. The growth of the market can be attributed to the increasing consumption of ethylene carbonate in manufacture of electrolytes for lithium batteries. The […]<\/p>\n","protected":false},"author":59,"featured_media":146803,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"The growth of the market can be attributed to the increasing consumption of ethylene carbonate in manufacture of electrolytes for lithium batteries","footnotes":""},"categories":[5572,5571],"tags":[14796,10744,10416,5627,15806,12518,18516,12390,5528,10743],"supplier":[4356,6608,5166],"class_list":["post-146771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bio-based","category-co2-based","tag-batteries","tag-carboncapture","tag-circulareconomy","tag-energy","tag-ethylene","tag-feedstocks","tag-plasticizer","tag-solvents","tag-sustainability","tag-useco2","supplier-asahi-kasei-corp","supplier-lotte-chemical-uk-ltd","supplier-marketsandmarkets"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/146771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=146771"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/146771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media\/146803"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=146771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=146771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=146771"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=146771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}