Product Code: GVR-4-68039-973-6
Ethylene Carbonate Market Growth & Trends:
The ethylene carbonate market size is estimated to reach USD 887.06 million by 2030, expanding at a CAGR of 6.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the rising demand for electrolytes in lithium-ion batteries using ethylene carbonate as a major ingredient for production as a solvent.
The utilization of ethylene carbonate in lithium-ion batteries is experiencing an increase in demand due to its extensive use in electric vehicles. The growing awareness of environmental concerns has led to the adoption of electric vehicles. The widespread usage of electric vehicles in countries such as the U.S., France, China, Japan, Germany, and the UK has resulted in the use of Li-ion batteries, thereby boosting the demand for ethylene carbonate.
The product is also used as a solvent in the production of plastics, coatings, and adhesives. It can also serve as an intermediate in the synthesis of various organic compounds, including pharmaceuticals, polymers, and specialty chemicals.Additionally, it is used as an additive or co-solvent in lubricant formulations to enhance their performance and properties.
Asia Pacific dominated the market with a revenue share of more than 36% in 2022. Several countries in Asia Pacific, such as China, Japan, and South Korea are at the forefront of electric vehicle production and deployment. These countries have witnessed a surge in the manufacturing and consumption of lithium-ion batteries, which are essential components of electric vehicles.
Ethylene Carbonate Market Report Highlights:
- Solid was the dominating form in 2024 accounting for a revenue share of over 52.2%, as it is less prone to degradation compared to its liquid form. Also, it is less prone to spillage, leakage, or evaporation, reducing the risk of accidents or losses during storage and transportation
- The lubricants segment led the ethylene carbonate market with the largest revenue share in 2024. This is attributed to the extensive usage of lubricants in multiple industries, including industrial, automotive, oil & gas, and others.
- The automotive sector dominated the ethylene carbonate market with the largest revenue share in 2024.
- The Asia Pacific ethylene carbonate market dominated the global market, accounting for the largest revenue share of 37.2% in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Ethylene Carbonate Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Ethylene Carbonate Market: Form Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Ethylene Carbonate Market: Form Movement Analysis & Market Share, 2024 & 2030
- 4.3. Solid
- 4.3.1. Solid Ethylene Carbonate Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons, USD Million)
- 4.4. Liquid
- 4.4.1. Liquid Ethylene Carbonate Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons, USD Million)
Chapter 5. Ethylene Carbonate Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Ethylene Carbonate Market: Application Movement Analysis & Market Share, 2024 & 2030
- 5.3. Lubricants
- 5.3.1. Ethylene Carbonate Market Revenue Estimates and Forecasts, in Lubricants, 2018 - 2030 (Kilotons, USD Million)
- 5.4. Surface Coatings
- 5.4.1. Ethylene Carbonate Market Revenue Estimates and Forecasts, in Surface Coatings, 2018 - 2030 (Kilotons, USD Million)
- 5.5. Lithium Battery Electrolyte
- 5.5.1. Ethylene Carbonate Market Revenue Estimates and Forecasts, in Lithium Battery Electrolyte, 2018 - 2030 (Kilotons, USD Million)
- 5.6. Plasticizers
- 5.6.1. Ethylene Carbonate Market Revenue Estimates and Forecasts, in Plasticizers, 2018 - 2030 (Kilotons, USD Million)
- 5.7. Others
- 5.7.1. Ethylene Carbonate Market Revenue Estimates and Forecasts, in Others, 2018 - 2030 (Kilotons, USD Million)
Chapter 6. Ethylene Carbonate Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Ethylene Carbonate Market: End Use Movement Analysis & Market Share, 2024 & 2030
- 6.3. Automotive
- 6.3.1. Ethylene Carbonate Market Revenue Estimates and Forecasts, in Automotive, 2018 - 2030 (Kilotons, USD Million)
- 6.4. Industrial
- 6.4.1. Ethylene Carbonate Market Revenue Estimates and Forecasts, in Industrial, 2018 - 2030 (Kilotons, USD Million)
- 6.5. Oil & Gas
- 6.5.1. Ethylene Carbonate Market Revenue Estimates and Forecasts, in Oil & Gas, 2018 - 2030 (Kilotons, USD Million)
- 6.6. Medical
- 6.6.1. Ethylene Carbonate Market Revenue Estimates and Forecasts, in Medical, 2018 - 2030 (Kilotons, USD Million)
- 6.7. Others
- 6.7.1. Stationary Ethylene Carbonate Market Revenue Estimates and Forecasts, in Others, 2018 - 2030 (Kilotons, USD Million)
Chapter 7. Ethylene Carbonate Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 7.2. North America
- 7.2.1. North America Market Estimates & Forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key country dynamics
- 7.2.2.2. U.S. ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Canada ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key country dynamics
- 7.2.4.2. Mexico ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.3. Europe
- 7.3.1. Europe Market Estimates & Forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.3.2. Germany
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Germany ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.3.3. UK
- 7.3.3.1. Key country dynamics
- 7.3.3.2. UK ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.3.4. France
- 7.3.4.1. Key country dynamics
- 7.3.4.2. France ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Italy ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Spain ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Market Estimates & Forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.4.2. China
- 7.4.2.1. Key country dynamics
- 7.4.2.2. China ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.4.3. India
- 7.4.3.1. Key country dynamics
- 7.4.3.2. India ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.4.4. Japan
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Japan ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Key country dynamics
- 7.4.5.2. South Korea ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Market Estimates & Forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Brazil ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.5.3. Argentina
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Argentina ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa Market Estimates & Forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Key country dynamics
- 7.6.2.2. South Africa ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Key country dynamics
- 7.6.3.2. Saudi Arabia ethylene carbonate market estimates & forecast, 2018 - 2030 (Kilotons, USD Million)
Chapter 8. Ethylene Carbonate Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map
- 8.4. Position Analysis, 2024
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Product Launches
- 8.5.5. Research And Development
- 8.6. Company Profiles
- 8.6.1. Mitsubishi Chemical Group Corporation.
- 8.6.1.1. Participant's overview
- 8.6.1.2. Financial performance
- 8.6.1.3. Product benchmarking
- 8.6.1.4. Recent developments
- 8.6.2. Oriental Union Chemical Corporation (OUCC)
- 8.6.2.1. Participant's overview
- 8.6.2.2. Financial performance
- 8.6.2.3. Product benchmarking
- 8.6.2.4. Recent developments
- 8.6.3. FUJIFILM Wako Pure Chemical Corporation
- 8.6.3.1. Participant's overview
- 8.6.3.2. Financial performance
- 8.6.3.3. Product benchmarking
- 8.6.3.4. Recent developments
- 8.6.4. TOAGOSEI CO.,LTD.
- 8.6.4.1. Participant's overview
- 8.6.4.2. Financial performance
- 8.6.4.3. Product benchmarking
- 8.6.4.4. Recent developments
- 8.6.5. Huntsman International LLC.
- 8.6.5.1. Participant's overview
- 8.6.5.2. Financial performance
- 8.6.5.3. Product benchmarking
- 8.6.5.4. Recent developments
- 8.6.6. Empower Materials
- 8.6.6.1. Participant's overview
- 8.6.6.2. Financial performance
- 8.6.6.3. Product benchmarking
- 8.6.6.4. Recent developments