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Ethyl Methyl Carbonate Market Size

  • Report ID: GMI5418
  • Published Date: Jan 2023
  • Report Format: PDF

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.

 

Ethyl Methyl Carbonate Market

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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.

 

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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.

Ethyl Methyl Carbonate Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 211
  • Countries covered: 18
  • Pages: 185
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