Global Ethylene Carbonate (EC) (CAS 96-49-1) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ethylene Carbonate (EC) (CAS 96-49-1) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ethylene carbonate (sometimes abbreviated EC) is the organic compound with the formula (CH2O)2CO. It is classified as the cyclic carbonate ester of ethylene glycol and carbonic acid. At room temperature (25 °C) ethylene carbonate is a transparent crystalline solid, practically odorless and colorless, and somewhat soluble in water. In the liquid state (m.p. 34-37 °C) it is a colorless odorless liquid.

Ethylene carbonate (EC) is an organic solvent with excellent performance that can dissolve a variety of polymers. It can also be used as an organic intermediate, which can replace ethylene oxide for dioxylation reaction, and is the main raw material for the production of dimethyl carbonate by transesterification. It can also be used as a raw material for synthesizing furazolidone, water glass slurry, fiber finishing agent, etc. In addition, it is also used in lithium battery electrolyte. Ethylene carbonate can also be used as an active intermediate in the production of lubricating oil and grease. It is a good solvent for polyacrylonitrile and polyvinyl chloride. It can be used as a spinning fluid in textiles. It can also be directly used as a solvent for removing acid gases and an additive for concrete. In medicine, it can be used as pharmaceutical components and raw materials. It can also be used as a plastic foaming agent and a stabilizer for synthetic lubricants. In the battery industry, it can be used as an excellent solvent for lithium battery electrolyte.

Market Overview:

The latest research study on the global Ethylene Carbonate (EC) (CAS 96-49-1) market finds that the global Ethylene Carbonate (EC) (CAS 96-49-1) market reached a value of USD 422.84 million in 2022. It’s expected that the market will achieve USD 617.99 million by 2028, exhibiting a CAGR of 6.53% during the forecast period.

The demand for lithium battery electrolyte and lubricant applications in the downstream market continues to grow.

The growing demand for ethylene carbonate for lithium-ion battery electrolytes is due to the widespread use of lithium-ion batteries in electric vehicles. At present, the transportation system relies heavily on oil as a fuel, and nearly 70% of oil is used for transportation vehicles. This dependence has caused environmentalists and economists to worry more and more. The increasing awareness of environmental issues has prompted people to adopt electric vehicles. The widespread use of electric vehicles in countries such as the United States, France, China, Japan, Germany, and the United Kingdom inevitably leads to an increase in the adoption rate of lithium-ion batteries, which in turn increases the demand for ethylene carbonate. Lubricants are widely used in transportation and manufacturing industries. They are used in car engines to collect, clean, and cool the engine. They help reduce engine wear caused by friction of metal parts. Ethylene carbonate is used as a reaction intermediate in the production of lubricating oil and grease. The growing demand for these downstream market applications drives the development of the Ethylene Carbonate (EC, CAS 96-49-1) industry.

The segmented applications in the downstream market have increased.

The main potential market for ethylene carbonate is expected to be the lithium battery industry. Judging from the development of the ethylene carbonate industry in the past few years, its market for electrolyte applications in the lithium battery industry is growing. And from this point of view, its market still has great potential. In addition, ethylene carbonate also has great potential in the pharmaceutical industry. The research of ethylene carbonate polymer in the medical industry has been carried out in many research groups and pharmaceutical companies, and it has been found that it has certain advantages in drug delivery. This is also one of the driving forces driving the development of the Ethylene Carbonate (EC, CAS 96-49-1) industry.

Region Overview:

In 2022, the share of the Ethylene Carbonate (EC) (CAS 96-49-1) market in Asia Pacific stood at 57.26%.

Company Overview:

Oriental Union Chemical Corporation is one of the major players operating in the Ethylene Carbonate (EC) (CAS 96-49-1) market, holding a share of 19.11% in 2023.

Oriental Union Chemical Corporation (OUCC) mainly produces ethylene oxide, ethylene glycol and other related chemical products. Among the large Asian manufacturers, OUCC has two manufacturing bases, the Linyuan plant in Kaohsiung, Taiwan and the Yangzhou plant in Jiangsu, China. OUCC insists on providing customers with high-quality products and solutions.

Shandong Shida Shenghua Chemical Group Co., Ltd. insists on carrying out scientific research, production, sales and service in the fields of green new energy and new materials, and is committed to providing a greener and environmentally friendly living environment for mankind. The company is affiliated to Qingdao Shidashenghua Investment Co., Ltd., Qingdao Shidashenghua International Trade Co., Ltd., Dongying Shidashenghua New Material Co., Ltd. and many other companies. The main products include dimethyl carbonate, propylene carbonate, ethylene carbonate, ethyl methyl carbonate and other carbonate products, lithium hexafluorophosphate, special electrolyte additives and MTBE products. With unique technology and quality advantages, the company has become a high-quality solvent raw material supplier for many domestic and foreign lithium-ion battery electrolyte manufacturers, and has contributed wisdom and strength to promote the development of the new energy industry. As a high-quality gasoline additive, MTBE produced by the company can well meet the demand for clean energy in the future.

Segmentation Overview:

Among different product types, Industrial Grade EC segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, Lithium Battery segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Ethylene Carbonate (EC) (CAS 96-49-1) market covered in Chapter 3:

Oriental Union Chemical Corporation
Toagosei Co., Ltd.
Shandong Senjie Cleantech Co., Ltd.
Haike Chemical Group
Mitsubishi Chemical Corporation
Liaoning Oxiranchem, Inc.
BASF SE
FUJIAN ZHONGKE HONGYE CHEMICAL
Huntsman Corporation
Liao Ning Kong Lung Chemical Industry Ltd.
Yingkou Hengyang New Energy Chemical
Linyi Lixing Chemicals Co., Ltd.
Shandong Shida Shenghua Chemical Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Ethylene Carbonate (EC) (CAS 96-49-1) market from 2018 to 2029 is primarily split into:

Battery Grade EC
Industrial Grade EC

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ethylene Carbonate (EC) (CAS 96-49-1) market from 2018 to 2029 covers:

Chemical Intermediates
Lithium Battery
Lubricants
Polymer Synthesis
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)