Summary
Table of Content
Ethyl Methyl Carbonate Market
Get a free sample of this report
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Request Sectional Data
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Ethyl Methyl Carbonate Market Size
Ethyl Methyl Carbonate Market size valued at USD 1 billion in 2022 and is anticipated to record 17.5% CAGR from 2023 to 2032. Growing demand for lithium batteries will accelerate the business growth.
To get key market trends
The proliferating adoption of lithium-ion batteries following the economic downturn and the rising demand for EVs worldwide, which has stimulated the usage of lithium batteries on a large scale is expected to contribute the industry growth. Additionally, ethyl methyl carbonate is exempted from regulations imposed on volatile organic compounds in the U.S., which is promoting North America market revenue. Ethyl methyl carbonate market participants are making strategic investments in R&D and battery cell manufacturers are increasing their production capacity to improve their market standing and achieve economies of scale.
Ethyl Methyl Carbonate Market Report Attributes
| Key Takeaway | Details |
|---|---|
| Market Size & Growth | |
| Base Year | 2022 |
| Market Size in 2022 | USD 1 Billion |
| Forecast Period 2023 to 2032 CAGR | 17.5% |
| Market Size in 2032 | USD 6 Billion |
| Key Market Trends | |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Production complexities to limit market progression
The production of an azeotropic system through transesterification between ethanol and high-purity dimethyl carbonate (DMC) makes energy consumption and separation more challenging, which is hindering market expansion. However, several companies are taking initiative to develop new manufacturing processes, which is likely to positively influence business growth.
Ethyl Methyl Carbonate Market Analysis
Learn more about the key segments shaping this market
By application, the ethyl methyl carbonate market from the chemical solvent segment is projected to grow at around 17% growth rate through 2032 attributed to the high demand for paints & coatings from the automotive, shipbuilding, and aerospace & defense industries. Moreover, manufacturers are focusing on enhancing their products and services to gain a competitive edge in the sector, which is slated to support segment growth.
Impact of COVID-19 pandemic
Due to the onset of the COVID-19 pandemic, the global supply chain experienced disruptions resulting from the stringent lockdown regulations imposed by governments worldwide. This had a negative impact on the market revenue as the product's usage is heavily dependent on the growth of numerous industries. Nevertheless, the sector is gradually recovering as a result of the declining infection rates and the resumption of industrial production. Notably, the pandemic also saw an increase in environmental consciousness, which has bolstered consumer inclination toward electric vehicles, thereby supporting business expansion.
Rising inclination towards EVs to fuel Europe industry share
Europe ethyl methyl carbonate market is predicted to reach USD 2 billion by 2032, owing to the surging adoption of electric vehicles and the presence of major automotive manufacturers across the region. As per the International Council on Clean Transport, in 2021, 2.3 million EVs were sold in Europe. Furthermore, multiple applications of ethyl methyl carbonate in the pharmaceutical intermediates sectors, as well as major advancements in the industrial solvent sector, contribute to regional demand.
Ethyl Methyl Carbonate Market Share
- Tangshan Solvents Trading Co., Ltd.
- TCI America, Inc.
- Mitsui Fine Chemicals
- Mitsui Fine Chemicals
- Shandong Lixing Chemicals Co., Ltd.
- Merck
- Liaoning Huifu Chemical Co., Ltd.
- Vizag Chemical
- Wego Chemical Group
are Some of the major enterprises operating in the ethyl methyl carbonate market. These organizations are usually engaged in strategies, such as partnerships, acquisitions, and service portfolio expansions, to generate their market share.
The market research report on ethyl methyl carbonate includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2018 to 2032 for the following segments:
Market, By Application
- Li-ion Battery Electrolyte
- Chemical Solvent
- Pharmaceutical Intermediates
- Agrochemicals
- Others
Market, By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- GCC
Frequently Asked Question(FAQ) :
Who are the major companies operating in the ethyl methyl carbonate industry?
Tangshan Solvents Trading Co., Ltd., TCI America, Inc., Mitsui Fine Chemicals, Mitsui Fine Chemicals, Shandong Lixing Chemicals Co., Ltd., Merck, Liaoning Huifu Chemical Co., Ltd., Vizag Chemical, and Wego Chemical Group, among others, are some key enterprises operating in the global market.
What is the Europe ethyl methyl carbonate market size?
Europe market is set to reach USD 2 billion by 2032 owing to the growing inclination towards electric vehicles and the presence of major automotive manufacturers across the region.
Why is the market share growing from chemical solvent applications?
The chemical solvent segment is projected to observe nearly 17% growth rate through 2032, attributed to the high demand for paints & coatings from the construction, automotive, shipbuilding, and aerospace industries.
How big is the ethyl methyl carbonate market?
The market size of ethyl methyl carbonate exceeded USD 1 billion in 2022 and is forecast to grow at over 17.5% CAGR from 2023 to 2032 driven by the rising demand for lithium batteries.
