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  Ethylene Carbonate Market
Posted on : Wednesday, 09 October, 2019  09:52
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URL : https://www.maximizemarketresearch.com/market-report/global-ethylene-carbonate-market/6324/

Ethylene Carbonate Market is expected to reach USD 374.15 Million by 2024 from USD 245.57 Million in 2016 at a CAGR of 6.2 %.

Ethylene carbonate is used as an electrolytic solvent for lithium-ion batteries, as a plasticizer, as an intermediate in production of polycarbonate diols, as solvent for coatings, dyes, cross-linking agent for super-absorbent polymers. Lithium- ion batteries is mainly driving the ethylene carbonate. Shortage of raw materials and regulations over the use of ethylene carbonate are restraining the growth of ethylene carbonate market.

global Ethylene Carbonate Market

Lithium battery electrolyte dominates the ethylene carbonate market. Need for high power and energy density which thereby increasing the demand for reliable and safe batteries for industries, such as automotive and consumer electronics goods. Factors such as increasing demand for electric vehicles (EVs), stringent government regulations on fuel economy, increasing demand for smart devices and other consumer electronics are also driving the growth of this segment.

Geographically, the ethylene carbonate market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is expected to grow at a high CAGR during the forecast period. High demand for lubricants from industrial, oil & gas and automotive industries is driving the growth of the ethylene carbonate market.

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