Ethylene Carbonate Market Trends, Status, Sales, Value and Growth Rate Market Report Forecast 2020 to 2030

Ethylene carbonate is a colorless organic compound, slight yellowish with a definite odor. The compound possesses high polarity, higher boiling point, and better solubility as compared to other traditionally used solvents. It is widely used as an electrolyte, especially in lithium ion batteries. Lithium ion batteries are extensively used in electric vehicles, which drive the demand for ethylene carbonate. In lithium ion batteries, the compound offers advantages, such as easy maintenance, cost-effectiveness, better fuel efficiency, and reduced fuel costs. Uses of ethylene carbonate in these batteries also comply with the environmental standards and curbs carbon dioxide emission. They are also efficient enough to perform outstandingly well at high voltages. Besides use in automotive industry, the compound is also widely used in several oil and gas processes since it blends well with scale, rust, and particulates.

Sudden outbreak of COVID-19 has disrupted several business operations including production, logistics, delivery, and supply. The key manufacturers and producers that use ethylene carbonate in several applications are now rethinking upon various operational strategies to bring their business back to normal post pandemic. Wide applications of ethylene carbonate in different industries are now disturbed due to lockdown in major economies and shutdown of various industries, hampering manufacturing processes. However, post pandemic is anticipated to boost the demand for the said compound in order to cope up with the demand by end users for several applications of compound.

Some of the prominent players in the global ethylene carbonate market are: BASF SE, Huntsman International LLC, Mitsubishi Chemical Corporation, Oriental Union Chemical Corporation, TOAGOSEI CO., LTD., Asahi Kasei Corporation, New Japan Chemical Co., Ltd., ZIBO DONGHAI INDUSTRIES CO., LTD., Empower Materials, and Vizag Chemicals, among others.

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