24/7 Customer Support

Ethylene Carbonate Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Ethylene Carbonate Market: By Grade (Battery Grade and Industry Grade; By Form- Solid and Liquid; Application (Lithium Battery Electrolytes, Capacitor Electrolytes, Resist Strip Solvents, Fiber Processing Agents, Lubricants, Soil Hardening Agents, Organic Solvents, Plasticizers, Surface Coatings, Chemical Intermediates, Dyes and Others); Industry (Automotive, Healthcare & Pharmaceuticals, Chemicals, Oil & Gas, Textile, Personal Care & Hygiene, Agriculture and Others; and Region—Industry Dynamics, Market Size and Opportunity Forecast Until 2031

  • Published Date: Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0322175  | Delivery: 2 to 4 Hours
Ethylene Carbonate Market

View Full Infographic


Report AttributeDetails
Market Size Value in 2022US$ 323.2 Mn
Expected Revenue in 2031US$ 574.5 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Grade, By Form, By Application, By Industry, By Region
Key Companies                                                                            BASF SE, Huntsman International LLC, Lixing Chemical, Merck KGaA, Mitsubishi Chemical Corporation, New Japan Chemical Co., Ltd, OUCC, PANAX ETEC, Parchem Fine & Specialty Chemicals, Shandong Senjie Cleantech Co., Ltd., Sigma-Aldrich, Inc., TOAGOSEI CO., LTD., Tokyo Chemical Industry Co., Ltd, Wego Chemical Group, Zibo Donghai Industries Co., Ltd, Other Prominent Players
Customization ScopeGet your customized report as per your preference. Ask for customization


Ethylene carbonate is an organic compound with the formula (CH2O)2CO, which is primarily used as a raw material in the production of lubricants and as a solvent for many resins, polymers and plasticizers. 

The growth rate of the global ethylene carbonate market is 6.6% from 2023-2031, with an estimated value of US$ 574.5 Million by 2031.

Factors such as growing demand for ethylene carbonate in lithium-ion electrolytes and significant industrial growth in Asia Pacific drives the growth in the global ethylene carbonate market.

Grade, form, application and industry are the different segments of the global ethylene market.

Volatility in raw material prices inhibits the growth in the global ethylene carbonate market over the forecast period. 

Based on grade, the ethylene carbonate market is bifurcated into battery grade and industry grade.

Mexico is expected to project the highest CAGR in the North America ethylene carbonate market during the forecast period. 

The lubricant segment dominated the global ethylene carbonate market due to its growing usage in industrial, oil & gas and automotive end-use industry.

Asia Pacific held the major share in terms of revenue in the Global Ethylene Carbonate Market in 2022.

The superior properties of ethylene carbonate are low toxicity, non- flammability and low vapor pressure, because of these properties it eliminates the harmful deposits and minimizes the corrosion.

Automotive segment holds the highest market share in 2022 due to the rising demand for electric vehicles in the marketplace.

Some of the key players in the global ethylene market include BASF SE, Huntsman International LLC, Merck KGaA, Mitsubishi Chemical Corporation, Toagosei Co., Ltd., Lixing Chemical, Tokyo Chemical Industry Co., Ltd. and OUCC among others.