According to a new report, published by KBV research, The Global Ethylene Carbonate Market size is expected to reach $970.4 million by 2030, rising at a market growth of 8.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,188.3 hundred Tonnes, experiencing a growth of 7.4% (2019-2022).
The Oil & Gas segment is showcasing a CAGR of 8.3% during (2023 - 2030). Ethylene carbonate can be used as a solvent in gas-sweetening processes to remove hydrogen sulfide (H2S) and carbon dioxide (CO2) from natural gas and refinery streams. It forms a reversible reaction with H2S and CO2, which can be later regenerated, making it useful for sour gas treatment. This is attributed to its increasing utilization as a solvent in various extraction processes within the oil and gas industry. It can effectively dissolve certain substances, such as aromatic hydrocarbons, and separate them from the desired products.
The Solid segment is leading the Global Ethylene Carbonate Market by Form in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $508,588.9 Thousands by 2030. This is attributed to its longer shelf life and ability to withstand higher temperatures without undergoing chemical changes. Solid ethylene carbonate finds extensive usage in various end-use industries, including automotive, chemical, medical, and industrial sectors. It is an additive in producing cosmetics, pharmaceuticals, and soldering fluxes. In the oil and gas industry, it acts as a solvent to decrease viscosity during high-temperature or high-pressure drilling operations, especially when other fluids are insufficiently effective due to their low density.
The Lithium Battery Electrolyte segment has shown the high growth rate of 8.4% during (2023 - 2030). The product is widely used in lithium battery electrolytes, particularly lithium-ion batteries. It serves as a key component in formulating the electrolyte solution, facilitating ions' movement between the battery's positive and negative electrodes. In a lithium-ion battery, the electrolyte facilitates the movement of lithium ions between the positive (cathode) and negative (anode) electrodes during the charging and discharging processes. Ethylene carbonate is a critical solvent in formulating the battery's electrolyte. Ethylene carbonate is a vital component in the electrolytes of lithium-ion batteries, helping to improve their energy density, safety, and performance.
The Asia Pacific region dominated the Global Ethylene Carbonate Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $379.7 million by 2030. The North America market is anticipated to grow at a CAGR of 8.1% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 8.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/ethylene-carbonate-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Mitsubishi Chemical Holdings Corporation, FUJIFILM Wako Pure Chemical Corporation, Huntsman Corporation, Thermo Fisher Scientific, Inc., BASF Se, Cole-Parmer Instrument Company (Antylia Scientific), Oriental Union Chemical Corp., Asahi Kasei Corporation, Empower Materials, Inc. (Axess Corporation), and Merck KGaA.
By End-Use (Volume, Hundred Tonnes, USD Thousands, 2019-2030)
By Form (Volume, Hundred Tonnes, USD Thousands, 2019-2030)
By Application (Volume, Hundred Tonnes, USD Thousands, 2019-2030)
By Geography (Volume, Hundred Tonnes, USD Thousands, 2019-2030)
Companies Profiled
Unique Offerings 
