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Ethylene Carbonate Market by Application and Geography - Forecast and Analysis 2020-2024

Ethylene Carbonate Market by Application and Geography - Forecast and Analysis 2020-2024

Global Ethylene Carbonate Market: About this market

Technavio’s ethylene carbonate market analysis considers sales from lithium battery electrolyte, solvents, lubricants, photochromatic, and other applications. Our study also finds the sales of ethylene carbonate in APAC, Europe, MEA, North America, and South America. In 2019, the lithium battery electrolyte segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising demand for ethylene carbonate-based lithium batteries will play a significant role in the lithium battery electrolyte segment to maintain its market position. Also, our global ethylene carbonate market report looks at factors such as growing automotive production, increasing demand for plasticizers, and rising demand for lubricants. However, fluctuating crude oil prices, stringent regulations and health hazards associated with ethylene carbonate, and increasing demand for biodegradable alternatives may hamper the growth of the ethylene carbonate industry over the forecast period.

Global Ethylene Carbonate Market: Overview

Increasing demand for plasticizers

The increasing demand for plasticizers is one of the major reasons for the ethylene carbonate market growth. The demand for plasticizers is increasing significantly, especially in regions such as APAC, MEA, and South America, as they are used in large quantities to improve the properties of polymers or plastics in these economies. Plasticizers are used during the manufacture of plastics, including PVA. Ethylene carbonate is added to PVA to improve its properties such as solubility, dielectric strength, charge storage capacity, dielectric constant, and absorption efficiency. This increasing demand for plasticizers will lead to the expansion of the global ethylene carbonate market at a CAGR of almost 7% during the forecast period.

Increasing demand for electric vehicles

The demand for electric vehicles (EVs) is increasing significantly, owing to rising concerns over global warming. The increasing demand for EVs will stimulate the demand for lithium batteries. Ethylene carbonate is used as a high permittivity component of electrolytes in lithium batteries. Therefore, the rising demand for EVs will drive the growth of the ethylene carbonate market during the forecast period.

For the detailed list of factors that will drive the global ethylene carbonate market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few major players, the global ethylene carbonate market is moderately concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading ethylene carbonate manufacturers, that include BASF SE, Empower Materials Inc., FUJIFILM Holdings Corp., Huntsman International LLC, Merck KGaA, Mitsubishi Chemical Holdings Corp., New Japan Chemical Co. Ltd., Oriental Union Chemical Corp., Thermo Fisher Scientific Inc., and Toagosei Co. Ltd.

Also, the ethylene carbonate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendors: Key product offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global commodity chemicals market
      • Table Segments of global commodity chemicals market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by application
    • Table Application - Market share 2019-2024 (%)
    • Comparison by application
      • Table Comparison by application
    • Lithium battery electrolyte - Market size and forecast 2019- 2024
      • Table Lithium battery electrolyte - Market size and forecast 2019-2024 ($ millions)
      • Table Lithium battery electrolyte - Year-over-year growth 2020-2024 (%)
    • Solvents - Market size and forecast 2019-2024
      • Table Solvents - Market size and forecast 2019-2024 ($ millions)
      • Table Solvents - Year-over-year growth 2020-2024 (%)
    • Lubricants - Market size and forecast 2019-2024
      • Table Lubricants - Market size and forecast 2019-2024 ($ millions)
      • Table Lubricants - Year-over-year growth 2020-2024 (%)
    • Photochromatic - Market size and forecast 2019-2024
      • Table Photochromatic - Market size and forecast 2019-2024 ($ millions)
      • Table Photochromatic - Year-over-year growth 2020-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ millions)
      • Table Others - Year-over-year growth 2020-2024 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ millions)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ millions)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Brent crude oil price (FOB) 2016-2018 ($ per barrel)
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing demand for electric vehicles
    • Rising oil and gas extraction activities
    • Availability of raw materials
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BASF SE
      • Table BASF SE - Vendor overview
      • Table BASF SE - Business segments
      • Table BASF SE - Organizational developments
      • Table BASF SE - Geographic focus
      • Table BASF SE - Segment focus
      • Table BASF SE - Key offerings
    • Empower Materials Inc.
      • Table Empower Materials Inc. - Vendor overview
      • Table Empower Materials Inc. - Product segments
      • Table Empower Materials Inc. - Key offerings
    • FUJIFILM Holdings Corp.
      • Table FUJIFILM Holdings Corp. - Vendor overview
      • Table FUJIFILM Holdings Corp. - Business segments
      • Table FUJIFILM Holdings Corp. - Organizational developments
      • Table FUJIFILM Holdings Corp. - Geographic focus
      • Table FUJIFILM Holdings Corp. - Segment focus
      • Table FUJIFILM Holdings Corp. - Key offerings
    • Huntsman International LLC
      • Table Huntsman International LLC - Vendor overview
      • Table Huntsman International LLC - Business segments
      • Table Huntsman International LLC - Organizational developments
      • Table Huntsman International LLC - Geographic focus
      • Table Huntsman International LLC - Segment focus
      • Table Huntsman International LLC - Key offerings
    • Merck KGaA
      • Table Merck KGaA - Vendor overview
      • Table Merck KGaA - Business segments
      • Table Merck KGaA - Organizational developments
      • Table Merck KGaA - Geographic focus
      • Table Merck KGaA - Segment focus
      • Table Merck KGaA - Key offerings
    • Mitsubishi Chemical Holdings Corp.
      • Table Mitsubishi Chemical Holdings Corp. - Vendor overview
      • Table Mitsubishi Chemical Holdings Corp. - Business segments
      • Table Mitsubishi Chemical Holdings Corp. - Organizational developments
      • Table Mitsubishi Chemical Holdings Corp. - Geographic focus
      • Table Mitsubishi Chemical Holdings Corp. - Segment focus
      • Table Mitsubishi Chemical Holdings Corp. - Key offerings
    • New Japan Chemical Co. Ltd.
      • Table New Japan Chemical Co. Ltd. - Vendor overview
      • Table New Japan Chemical Co. Ltd. - Business segments
      • Table New Japan Chemical Co. Ltd. - Key offerings
    • Oriental Union Chemical Corp.
      • Table Oriental Union Chemical Corp. - Vendor overview
      • Table Oriental Union Chemical Corp. - Business segments
      • Table Oriental Union Chemical Corp. - Segment focus
      • Table Oriental Union Chemical Corp. - Key offerings
    • Thermo Fisher Scientific Inc.
      • Table Thermo Fisher Scientific Inc. - Vendor overview
      • Table Thermo Fisher Scientific Inc. - Business segments
      • Table Thermo Fisher Scientific Inc. - Organizational developments
      • Table Thermo Fisher Scientific Inc. - Geographic focus
      • Table Thermo Fisher Scientific Inc. - Segment focus
      • Table Thermo Fisher Scientific Inc. - Key offerings
    • Toagosei Co. Ltd.
      • Table Toagosei Co. Ltd. - Vendor overview
      • Table Toagosei Co. Ltd. - Business segments
      • Table Toagosei Co. Ltd. - Segment focus
      • Table Toagosei Co. Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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