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Ethylene Carbonate Market Share

  • Report ID: GMI8348
  • Published Date: Feb 2024
  • Report Format: PDF

Ethylene Carbonate Market Share

The competitive landscape of the ethylene carbonate industry is characterized by the presence of key players vying for market share and strategic positioning. Companies such as BASF SE, Huntsman International LLC, and Merck KGaA stand out as major global players, leveraging their extensive research and development capabilities, technological expertise, and diversified product portfolios. These industry giants are actively involved in catering to the increasing demand for Ethylene Carbonate, particularly in applications like lithium-ion batteries, where the compound plays a critical role.

Additionally, Mitsubishi Chemical Corporation and Toagosei Co., Ltd. contribute significantly to the competitive dynamics. Their global presence and comprehensive product offerings bolster their influence in the market. Empower Materials, with its focus on advanced materials, contributes to the competitive landscape by offering specialized solutions, particularly in the development of high-quality electrolytes for lithium-ion batteries.

Regional players such as Shandong Lixing Advanced Materials Co., Ltd., Shandong Senjie Cleantech Co., Ltd., and Oriental Union Chemical Corporation, represent the growing influence of the Asia-Pacific region in the ethylene carbonate industry. These companies play a crucial role in catering to the surging demand in the region, driven by factors like industrialization, advancements in technology, and a focus on clean energy solutions.

Ethylene Carbonate Market Companies

Major players operating in the ethylene carbonate industry include:

  • Alfa Aesar
  • Dubi Chem
  • Empower Materials
  • Huntsman International LLC
  • Merck KGaA
  • Mitsubishi Chemical Corporation
  • Oriental Union Chemical Corporation
  • Shandong Lixing Advanced Materials Co., Ltd.
  • Shandong Senjie Cleantech Co., Ltd.
  • TCI America
  • Toagosei Co., Ltd.
Authors: Kunal Ahuja, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global industry size for ethylene carbonate was USD 540 million in 2023 and is anticipated to witness over 13.8% CAGR between 2024 and 2032, due to the rising need for high-quality solvent and electrolytes in the production of lithium-ion batteries.

Ethylene carbonate industry from the liquid form segment reached a revenue of USD 536.38 million in 2023, attributed to the extensive application, especially in the production of lithium-ion batteries.

The lithium battery electrolytes application segment accounted for over 34% of the ethylene carbonate market share in 2023 and is projected to grow through 2032, driven by the rapid growth of the EV sector and increased adoption of energy storage solutions

Asia Pacific market size was USD 183.9 million in 2023, led by the rapid industrialization, burgeoning population, and increasing economic activities in the region

Ethylene Carbonate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 300
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