Global Propylene Carbonate (PC) Market Growth 2026-2032
Description
The global Propylene Carbonate (PC) market size is predicted to grow from US$ 1355 million in 2025 to US$ 2741 million in 2032; it is expected to grow at a CAGR of 11.4% from 2026 to 2032.
Propylene carbonate, a colorless to yellowish liquid with fruity odor, is a kind of VOC-exempt clear polar solvent having high boiling and flash points, a low order of toxicity and a mild ether-like odor. It is stable under most conditions and is not hydroscopic or corrosive. PC is particularly well suited for applications requiring a water white product or high purity.In 2025, global Propylene Carbonate production reached approximately 1833 K MT.
Propylene carbonate (PC) demand is increasingly driven by lithium-ion batteries, where it’s used as a high-polarity solvent component in electrolyte systems (particularly in certain formulations and in legacy/consumer cells, and in some specialty electrolyte blends). The biggest macro driver here is the continued build-out of EVs, energy storage systems, and battery supply chains, which raises demand not only for volume but for battery-grade purity (tight moisture control, low metal ions, consistent impurity profile). PC also benefits from its performance properties—high dielectric constant, good solvating power for lithium salts, and a high boiling point—making it valuable in electrolyte design and in other high-performance solvent applications where stability and low volatility are important.
Outside batteries, PC demand is pulled by its role as a polar aprotic, low-volatility solvent in coatings, inks, adhesives, cleaners/strippers, and specialty formulations where users want strong solvency with a more favorable handling/VOC profile versus some traditional solvents. It’s also used in electronics and chemical processing (as a solvent for resins and as a medium for reactions/extractions), and in gas treatment applications where PC is used in certain physical absorption processes for acid gas removal (site-specific but important where installed). A further driver is the “CO₂ utilization” narrative: industrially, PC is commonly produced from propylene oxide + CO₂, so it can be positioned as a route that incorporates CO₂ feedstock, which can support adoption where customers are actively tracking carbon footprint and prefer solvents that help meet ESG or regulatory goals—though economics and qualification still dominate buying decisions.
propylene carbonate typically behaves like a specialty/commodity hybrid. For industrial/technical grades, gross margins are often mid-teens to mid-20s (%), heavily influenced by propylene oxide costs, energy, and plant utilization. Battery-grade PC can support higher gross margins (often ~25–40%+) when supply is tight and producers have strong purification capability, quality systems, and long-term contracts.
LP Information, Inc. (LPI) ' newest research report, the “Propylene Carbonate (PC) Industry Forecast” looks at past sales and reviews total world Propylene Carbonate (PC) sales in 2025, providing a comprehensive analysis by region and market sector of projected Propylene Carbonate (PC) sales for 2026 through 2032. With Propylene Carbonate (PC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Propylene Carbonate (PC) industry.
This Insight Report provides a comprehensive analysis of the global Propylene Carbonate (PC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Propylene Carbonate (PC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Propylene Carbonate (PC) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Propylene Carbonate (PC) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Propylene Carbonate (PC).
This report presents a comprehensive overview, market shares, and growth opportunities of Propylene Carbonate (PC) market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Lithium Battery Grade
Industrial Grade
Segmentation by Feature:
Transesterification Method
Direct Method
Segmentation by Channel:
Direct Selling
Distribution
Segmentation by Application:
Dimethyl Carbonate
Lithium Battery
Industrial Solvent
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
BASF
Huntsman
Lyondellbasell
Shida Shenghua Chemical
Daze Group
Shandong Depu Chemical
Hi-tech Spring Chemical
Linyi Evergreen Chemical
Shandong Feiyang Chemical
Lixing Chemical
Kong-lung
Key Questions Addressed in this Report
What is the 10-year outlook for the global Propylene Carbonate (PC) market?
What factors are driving Propylene Carbonate (PC) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Propylene Carbonate (PC) market opportunities vary by end market size?
How does Propylene Carbonate (PC) break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Propylene carbonate, a colorless to yellowish liquid with fruity odor, is a kind of VOC-exempt clear polar solvent having high boiling and flash points, a low order of toxicity and a mild ether-like odor. It is stable under most conditions and is not hydroscopic or corrosive. PC is particularly well suited for applications requiring a water white product or high purity.In 2025, global Propylene Carbonate production reached approximately 1833 K MT.
Propylene carbonate (PC) demand is increasingly driven by lithium-ion batteries, where it’s used as a high-polarity solvent component in electrolyte systems (particularly in certain formulations and in legacy/consumer cells, and in some specialty electrolyte blends). The biggest macro driver here is the continued build-out of EVs, energy storage systems, and battery supply chains, which raises demand not only for volume but for battery-grade purity (tight moisture control, low metal ions, consistent impurity profile). PC also benefits from its performance properties—high dielectric constant, good solvating power for lithium salts, and a high boiling point—making it valuable in electrolyte design and in other high-performance solvent applications where stability and low volatility are important.
Outside batteries, PC demand is pulled by its role as a polar aprotic, low-volatility solvent in coatings, inks, adhesives, cleaners/strippers, and specialty formulations where users want strong solvency with a more favorable handling/VOC profile versus some traditional solvents. It’s also used in electronics and chemical processing (as a solvent for resins and as a medium for reactions/extractions), and in gas treatment applications where PC is used in certain physical absorption processes for acid gas removal (site-specific but important where installed). A further driver is the “CO₂ utilization” narrative: industrially, PC is commonly produced from propylene oxide + CO₂, so it can be positioned as a route that incorporates CO₂ feedstock, which can support adoption where customers are actively tracking carbon footprint and prefer solvents that help meet ESG or regulatory goals—though economics and qualification still dominate buying decisions.
propylene carbonate typically behaves like a specialty/commodity hybrid. For industrial/technical grades, gross margins are often mid-teens to mid-20s (%), heavily influenced by propylene oxide costs, energy, and plant utilization. Battery-grade PC can support higher gross margins (often ~25–40%+) when supply is tight and producers have strong purification capability, quality systems, and long-term contracts.
LP Information, Inc. (LPI) ' newest research report, the “Propylene Carbonate (PC) Industry Forecast” looks at past sales and reviews total world Propylene Carbonate (PC) sales in 2025, providing a comprehensive analysis by region and market sector of projected Propylene Carbonate (PC) sales for 2026 through 2032. With Propylene Carbonate (PC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Propylene Carbonate (PC) industry.
This Insight Report provides a comprehensive analysis of the global Propylene Carbonate (PC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Propylene Carbonate (PC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Propylene Carbonate (PC) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Propylene Carbonate (PC) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Propylene Carbonate (PC).
This report presents a comprehensive overview, market shares, and growth opportunities of Propylene Carbonate (PC) market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Lithium Battery Grade
Industrial Grade
Segmentation by Feature:
Transesterification Method
Direct Method
Segmentation by Channel:
Direct Selling
Distribution
Segmentation by Application:
Dimethyl Carbonate
Lithium Battery
Industrial Solvent
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
BASF
Huntsman
Lyondellbasell
Shida Shenghua Chemical
Daze Group
Shandong Depu Chemical
Hi-tech Spring Chemical
Linyi Evergreen Chemical
Shandong Feiyang Chemical
Lixing Chemical
Kong-lung
Key Questions Addressed in this Report
What is the 10-year outlook for the global Propylene Carbonate (PC) market?
What factors are driving Propylene Carbonate (PC) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Propylene Carbonate (PC) market opportunities vary by end market size?
How does Propylene Carbonate (PC) break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
114 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Propylene Carbonate (PC) by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Propylene Carbonate (PC) by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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