Global Market Size of Ethylene Carbonate Market – 10 Year Market Forecast

Chemicals

Ethylene Carbonate Market Size Forecast 2022-2029

 

The global market value of ethylene carbonate is expected to reach USD 0.33 billion in 2022 and USD 0.65 billion by 2029, at a CAGR of 10%. The cumulative market size over the forecast period is calculated to be USD 4 billion. Ethylene carbonate is mainly used as a raw material in the manufacture of lubricants and also as a solvent for many adhesives, sealants, plasticizers and polymers. The APAC region is observed to be the largest market for the consumption of ethylene carbonate, followed by North America and Europe. The automotive industry accounts for the largest shares in the market.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• ?Global Market Database is a cloud based market research tool that is a key secondary research source which provides information across the ethylene carbonate market in addition to other industry verticals.
• How did the COVID-19 pandemic affect the ethylene carbonate market?

• Since the automotive industry is the largest consumer of ethylene carbonate, the pandemic negatively affected the ethylene carbonate market too.
• Which factors influence the growth of the ethylene carbonate market?

• The increased requirement of ethylene carbonate in lithium-ion battery electrolytes and lubricants influences the market growth significantly.
• What are the applications of ethylene carbonate?

• Ethylene carbonate are use in lithium battery electrolytes, lubricants, plasticizers, surface coating etc.
• Which are the three largest regional markets of ethylene carbonate?

• APAC, North America and Europe are the three largest regional markets of ethylene carbonate.

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