Ethylene Carbonate Market Size, Share, By Form (Solid and Liquid), By Applications (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), and By Region - Trends, Analysis and Forecast till 2034

Ethylene Carbonate Market Size was valued at USD 1.05 Billion in 2024 and is expected to reach USD 3.4 Billion by 2034 growing at a CAGR of 13.8%

Ethylene carbonate, abbreviated C3H6O3, is an organic chemical. It is an odorless, colorless solid at ambient temperature with a relatively low melting point of 36-38°C. Its structure is a five-membered ring with two oxygen atoms and a carbonyl group. It is a cyclic carbonate ester derived from ethylene glycol and CO2. Because of its unique features, EC has been used in various industries. The global ethylene carbonate market has grown steadily in recent years, driven by rising demand from various end-use sectors. With increasing environmental rules worldwide, biodegradable and less harmful EC can be a viable alternative to some existing solvents. This development may thus provide more excellent prospects for EC. The market is expected to face challenges on multiple fronts, including price instability in raw materials and competition from replacement products. With the product's adaptability and ongoing research into new uses, the future of the ethylene carbonate industry seems promising.