Ethylene Carbonate Industry Size, Share, Demand & Growth by 2034
The global ethylene carbonate market is projected to expand at a 6.2% CAGR during the
forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent
market analysis. Ethylene carbonate sometimes known as EC is an organic compound. At
room temperature, it is a transparent crystalline solid soluble in water and is an odorless and
colorless compound. Ethylene carbonate has various applications in different end-use
industries such as automotive, and oil & gas.
As per FMI, the global ethylene carbonate market is expected to be dominated by East Asia
and the trend is predicted to continue during the forecast period. The ethylene carbonate
market in East Asia is projected to top US$ 175.0 Million by 2032.
Growing usage of lithium-ion batteries in electric vehicles will augment the growth in the
market. Ethylene carbonate is one of the most reactive solvents relevant to lithium-ion
batteries (EC). Increasing sales of electric vehicles are bolstering the demand for Li-ion
batteries, thereby favoring the growth in the ethylene carbonate market.
Ethylene carbonate is an important reactive intermediate in the production of lubricants and
greases. Lubricants are widely used in the manufacturing and transportation industries to
ensure the smooth operation of the object. Consumption of ethylene carbonate is expected to
grow across the industrial, automotive, and oil and gas sectors, where lubricants are widely
used.
Opportunities: Emergence of lithium-sulfur batteries
The energy-storing capacity of lithium-sulfur batteries is leading to their growing demand.
These batteries can store ten times more energy than lithium-ion batteries. Ethylene carbonate
is used as an electrolyte in lithium-sulfur batteries. Lithium-sulfur batteries are considered
promising next-generation batteries for electric vehicles. This is because they have a sulfur
cathode that is cheap and easily available and has a low toxic impact on the environment
compared to lithium-ion batteries. This is expected to increase the demand for ethylene
carbonate in lithium-sulfur batteries.
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Herausforderungen: Schwankende Öl- und Gaspreise
Die steigende weltweite Nachfrage nach Rohöl und die Unruhen im Nahen Osten sind die
Hauptfaktoren, die für die schwankenden Preise für Ethylencarbonat verantwortlich sind. Der
Ethylencarbonat-Markt wird auch von hohen Transportkosten beeinflusst, die durch steigende
Kraftstoffpreise und hohe Herstellungskosten aufgrund gestiegener Energiekosten verursacht
werden. Die Hersteller von Ethylencarbonat haben auf die steigenden Herstellungskosten
reagiert, indem sie dafür gesorgt haben, dass der Preisanstieg asymmetrisch verteilt wird,
wobei die Endverbraucher den größten Teil zahlen. Daher stellen die schwankenden Öl- und
Gaspreise eine Herausforderung für den Ethylencarbonat-Markt dar.
Wichtige Erkenntnisse:
• Basierend auf der Anwendung wird das Schmierstoffsegment voraussichtlich im Jahr 2022
etwa 32 % des gesamten Marktanteils halten.
• Die Umsätze im Segment Lithiumbatterieelektrolyt werden bis 2032 um durchschnittlich
6,4 % jährlich wachsen.
• In Bezug auf die Endnutzung wird die Nachfrage im Automobilsegment bis 2032 einen
Wert von 204,1 Millionen US-Dollar erreichen.
• Der indische Ethylencarbonatmarkt wird im Bewertungszeitraum voraussichtlich um
durchschnittlich 6,8 % jährlich wachsen.
• Der chinesische Ethylencarbonatmarkt wird bis 2032 einen Wert von 127,3 Millionen USDollar erreichen.
• Ostasien wird sich als attraktiver Ethylencarbonatmarkt herauskristallisieren und im
Prognosezeitraum eine zusätzliche Dollarchance von 83,5 Millionen US-Dollar schaffen.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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