The global Ethylene Carbonate Market is projected to grow from USD 264.8 Million in 2017 to USD 355.1 Million by 2022, at a CAGR of 6.0% in terms of value from 2017 to 2022.

Browse 104 tables and 33 figures spread through 122 pages and in-depth TOC on "Ethylene Carbonate Market by Application (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings), End-Use Industry (Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene), and Region - Global Forecast to 2027".

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The lubricants segment is projected to lead the ethylene carbonate market 2018 to 2027.
In terms of value, the lubricants segment is projected to lead the ethylene carbonate market during the forecast period. The increasing demand for ethylene carbonate from various end-use industries, such as industrial and automotive is driving the lubricants segment. Lubricants are used in automotive engines for collecting, cleaning, and cooling the engine of a vehicle.

The automotive segment is expected to lead the ethylene carbonate market during the forecast period. Reduced emission of Volatile Organic Compounds (VOCs) and durable protective surface coating on vehicles make ethylene carbonate preferable to be used in the automotive industry. There has been a consistent rise in the number of vehicles in use in Asia Pacific, Europe, and North America over the past decade, which is fueling the demand for ethylene carbonate.

Asia Pacific, Europe, and North American regions are the major markets for ethylene carbonate. The ethylene carbonate market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. The increasing demand for lubricants from oil & gas, industrial, and automotive industries is driving the growth of the ethylene carbonates market in Asia Pacific. The increase in demand is due to the growing population and economic growth in China and Taiwan. China, Taiwan, South Korea, and Japan are the leading consumers of ethylene carbonate in Asia Pacific.

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Key players in the ethylene carbonate market are Oriental Union Chemical Corporation (Taiwan), Huntsman (US), BASF (Germany), Mitsubishi Chemical (Japan), and Toagosei Co., Ltd. (Japan). These players have established their brands. Ethylene carbonate produced by these companies is consumed domestically and is further supplied to various countries such as China, Japan, New Zealand, Australia, and others within Asia Pacific.

Huntsman has a vast experience in manufacturing ethylene carbonate, broad product portfolio, huge production, sales, logistics, and technical service network. The company is highly focused on R&D and has facilities in over 30 countries. It offers ethylene carbonate for various applications such as chemical intermediates, surface coatings, wood binder resins, lubricants, plasticizers, and electrolytes. The company is currently investing in advanced production technologies and carbonate derivatives to meet the demand of customers.

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