Ethylene Carbonate Market Size is Estimated to be USD 3.4 Billion till 2034; Market is Improved due to Increasing Adoption of Renewable Energy Storage Solutions

Ethylene carbonate involving ethylene carbonate (EC), a chemical compound that is commonly used in various industrial applications, such as lithium-ion batteries, plasticizers, automotive, coating, and others. Lithium-ion batteries are used in energy storage systems to store energy generated from renewable sources, which increases demand for ethylene carbonate, resulting to drive target market growth.

Ethylene Carbonate Market Segmentation Analysis:

By Form	Solid and Liquid
By Application	Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, Chemical Intermediates, Fiber Processing Agents, Dyes, and Others
By End-Use Industry	Automotive, Oil & Gas, Textile, Chemical, Medical, Personal Care & Hygiene, Agriculture, and Others

Ethylene Carbonate Market??????? Report Highlights:

• In 2024, ethylene carbonate market valuation was USD 1.05 Billion.
• Ethylene carbonate market size is projected to reach USD 3.40 Billion by 2034 and expand at a CAGR of 13.8%.
• The solid segment dominates in ethylene carbonate market, based on form.
• Based on application, lithium battery electrolytes segment is projected to lead the market during the forecast period.
• On the basis of end-use industry, automotive segment is holding the largest ethylene carbonate market share.
• North America holds the largest share in ethylene carbonate market.
• Asia Pacific is anticipated to be fastest growing region in ethylene carbonate market.

Ethylene Carbonate Market Dynamics:

Growing Factor	Challenge Factor	Market Trend
Rising Collaborations and Strategic Partnerships	Regulatory and Compliance Issues	Technological Advancements in Battery Technology

Ethylene Carbonate Market Key Highlights

• In March 2024, Dow invested in ethylene derivatives capacity on the U.S. Gulf Coast, including producing carbonate solvents, essential components of the lithium-ion battery supply chain. This investment aimed to support growth of electric vehicle and energy storage market. This project captured 90% carbon dioxide which was produced during ethylene oxide manufacturing process and use it to generate carbonate solvents required for vehicle electrification.

Ethylene Carbonate Market Report Analysis:

Decarbonization: A combination of Distillation and Crystallization to Purify EC-

Achieving the electronic grade purity of EC, also called ultrahigh purity or Electrical Vehicle (EV) grade, involves a careful balance between maintaining high energy efficiency and ensures a substantial recovery yield. Thus, it is achieved through combination of distillation and fractional melt crystallization.

·Distillation:

oDistillation is a widely used separation technique that has the potential to achieve high purity levels, but there is some challenges related to energy efficiency, thermal degradation of the product and difficulty on the yield.

·Fractional Melt Crystallization:

oFractional melt crystallization is an alternative purification method that can achieve extremely high purity levels. It optimize the working range and reduces capital expenditure of the crystallization.

·Combining Distillation and Crystallization:

oBy combining distillation and crystallization, the energy expenditure is significantly reduced, which make the purification process more cost-effective and sustainable. The combined use of distillation and crystallization offers a synergistic approach to EC purification, to achieve high purity without compromising yield or energy efficiency.

Browse ∼60 market data tables and ∼35 figures through ∼140 slides and in-depth TOC on “Ethylene Carbonate Market, Size, Share, By Form (Solid and Liquid), Applications (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings, Chemical Intermediates, Fiber Processing Agents, Dyes, and Others), End-Use Industry (Automotive, Oil & Gas, Textile, Chemical, Medical, Personal Care & Hygiene, Agriculture, and Others), and Region - Trends, Analysis, and Forecast till 2034”

For more insights into the Ethylene Carbonate Market and its future trends, visit the link: https://www.prophecymarketinsights.com/market_insight/ethylene-carbonate-market-5564

Competitive Landscape of Ethylene Carbonate Market:

The key players operating in the ethylene carbonate market are Oriental Union Chemical Corporation, Huntsman Corporation, BASF SE, Mitsubishi Chemical Corporation, Toagosei Co., Ltd., Asahi Kasei, Prasol Chemicals Ltd, Shandong Shida Shenghua Chemical Group, Shandong Senjie Chemical, Dubi Chem, and Alfa Aesar.

Company Name	Oriental Union Chemical Corporation
Headquarter	Ludwigshafen, Germany
CEO	Dr. Markus Kamieth
Employee Count (2024)	111,991 Employees