세계의 에틸렌 카보네이트 시장 전망(-2030년)

Market Overview

The surge in the market is mainly driven by the escalating demand for ethylene carbonate (EC) as a pivotal raw material for producing lubricants. In addition to this, it is widely used as a solvent for various applications like adhesives and sealants, plasticizers, resins, and polymers. The market is fairly consolidated, with only a handful of major players dominating it. Key manufacturers such as Mitsubishi Chemical Holdings Corporation, OUCC, TAOGOSEI CO., LTD., Fujifilm Wako Chemical Corporation, and BASF SE are expanding their product portfolio and geographical reach to leverage the growth potential of the market.

Segment Overview

Solid ethylene carbonate was the leading product segment in the global market in 2022 owing to its wide-ranging applications in lubricants, ethylene carbonate solvents, plasticizers, and chemical intermediates. The solid form of EC finds extensive usage in industries such as medical, chemical, automotive, and industrial to cater to end-use requirements. It also serves as an ingredient in cosmetics, medications, and soldering fluxes.

Liquid ethylene carbonate, on the other hand, is predominantly utilized in lubricants and polymers. The production of high-density polymers that can endure impact and chemical degradation uses this product extensively. Depending on specific requirements, ethene oxide, diethyl carbonate, and propylene oxide can be combined with liquid EC to create particular materials. Additionally, liquid ethylene carbonate is a critical component in the production of electrolytes for lithium-ion batteries. These applications are expected to drive the demand for liquid ethylene carbonate.

Regional Analysis

The dominant position in the ethylene carbonate market was held by the Asia Pacific region in 2021, primarily due to its robust industrial base, government policies, and low labor costs that have led to significant investments by key players. Furthermore, the region's leadership in the production of lithium-ion battery electrolytes and EV lithium-ion batteries has been a significant driver of the market's growth.

Another significant market for ethylene carbonate is North America, where large corporations in the automotive and chemical sectors are present. The demand for vehicles in North America has consistently increased over the past decade, resulting in an uptick in the demand for ethylene carbonate.

Major Players

Key Players include Toagosei Co., Ltd, OUCC, Mitsubishi Chemical Corporation, ALFA AESAR, BASF SE Huntsman International LLC, Zibo Donghai Industries Co., Ltd, Merck KGaA, Shandong Senjie Cleantech Co., Ltd, New Japan Chemical Co., Ltd, PANAX ETEC, and Tokyo Chemical Industry Co., Ltd.

COVID 19 Impacts

The COVID-19 pandemic has had a significant impact on the ethylene carbonate market. The global demand for ethylene carbonate has been affected by the pandemic due to the slowdown in several industries, including automotive, construction, and electronics.

One of the major factors affecting the ethylene carbonate market during the pandemic was the disruption in the supply chain. The restrictions on transportation and the closure of manufacturing plants led to a shortage of raw materials and delayed the delivery of finished products. This led to a decline in the production of ethylene carbonate, which affected the overall demand for the product.

Additionally, the decline in the automotive industry during the pandemic had a significant impact on the demand for ethylene carbonate. Ethylene carbonate is used in the production of lithium-ion batteries, which are used in electric vehicles. The decline in the production of electric vehicles during the pandemic led to a decline in the demand for ethylene carbonate.

TABLE OF CONTENTS

TABLE OF CONTENTS

1 Market Introduction

• 2.1 Definition 20
• 2.2 Scope Of The Study 20
• 2.3 Market Structure 20

3 Market Insights

4 Research Methodology

• 4.1 Research Process 24
• 4.2 Primary Research 25
• 4.3 Secondary Research 26
• 4.4 Market Size Estimation 26
• 4.5 Forecast Model 27
• 4.6 List Of Assumptions 28

5 Market Dynamics

5 Market Dynamics 29

• 5.1 Introduction 29
• 5.2 Drivers 30
  • 5.2.1 Use Of Ethylene Carbonate As An Electrolyte In Lithium-Ion Batteries 30
  • 5.2.2 Growing Adoption Of Ethylene Carbonate In The Gas Separation Process In The Oil & Gas Industry 31
  • 5.2.3 Increasing Demand For Ethylene Carbonate In The Production Of Vinylene Carbonate And Surface Coatings 33
• 5.3 Restraints 34
  • 5.3.1 Volatile Raw Material Prices 34
• 5.4 Opportunity 35
  • 5.4.1 Introduction Of Lithium-Sulfur Batteries 35
• 5.5 Trend 36
  • 5.5.1 Growing Adoption Of Ethylene Carbonate-Modified Dispersants As Additives In Engine Oil 36
• 5.6 Challenge 36
  • 5.6.1 Extensive Research On New Battery Technologies 36

6 Market Factor Analysis

• 6.1 Supply Chain Analysis 38
  • 6.1.1 Raw Materials 38
  • 6.1.2 Ethylene Carbonate Producers 39
  • 6.1.3 Distribution Channel 39
  • 6.1.4 End-Use Industries 39
• 6.2 Porter's Five Forces Analysis 40
  • 6.2.1 Threat Of New Entrants 40
  • 6.2.2 Threat Of Rivalry 40
  • 6.2.3 Threat Of Substitutes 41
  • 6.2.4 Bargaining Power Of Suppliers 41
  • 6.2.5 Bargaining Power Of Buyers 41
• 6.3 Pricing Analysis (2016-2018) 41

7 Global Ethylene Carbonate Market, By Form

• 7.1 Introduction 43
• 7.2 Solid 44
• 7.3 Liquid 45

8 Global Ethylene Carbonate Market, By Application

• 8.1 Introduction 47
• 8.2 Lithium Battery Electrolytes 49
• 8.3 Lubricants 50
• 8.4 Plasticizers 51
• 8.5 Surface Coatings 52
• 8.6 Chemical Intermediates 53
• 8.7 Fiber Processing Agents 54
• 8.8 Dyes 55
• 8.9 Others 56

9 Global Ethylene Carbonate Market, By End-Use Industry

• 9.1 Introduction 58
• 9.2 Automotive 60
• 9.3 Oil & Gas 61
• 9.4 Textile 63
• 9.5 Chemical 64
• 9.6 Medical 65
• 9.7 Personal Care & Hygiene 66
• 9.8 Agriculture 67
• 9.9 Others 68

10 Global Ethylene Carbonate Market, By Region

• 10.1 Introduction 69
• 10.2 North America 74
  • 10.2.1 US 77
  • 10.2.2 Canada 80
• 10.3 Europe 83
  • 10.3.1 Germany 87
  • 10.3.2 France 89
  • 10.3.3 UK 92
  • 10.3.4 Italy 95
  • 10.3.5 Russia 98
  • 10.3.6 Spain 100
  • 10.3.7 The Netherlands 103
  • 10.3.8 Belgium 106
  • 10.3.9 Poland 109
  • 10.3.10 Rest Of Europe 111
• 10.4 Asia-Pacific 115
  • 10.4.1 China 118
  • 10.4.2 Japan 121
  • 10.4.3 India 124
  • 10.4.4 South Korea 127
  • 10.4.5 Australia And New Zealand 129
  • 10.4.6 Malaysia 132
  • 10.4.7 Indonesia 135
  • 10.4.8 Rest Of Asia-Pacific 138
• 10.5 Latin America 141
  • 10.5.1 Mexico 144
  • 10.5.2 Brazil 147
  • 10.5.3 Argentina 150
  • 10.5.4 Rest Of Latin America 152
• 10.6 Middle East & Africa 156
  • 10.6.1 Turkey 159
  • 10.6.2 UAE 162
  • 10.6.3 Saudi Arabia 165
  • 10.6.4 Israel 168
  • 10.6.5 Egypt 170
  • 10.6.6 Rest Of MIDDLE EAST & AFRICA 173

11 Competitive Landscape

• 11.1 Introduction 177
• 11.2 Market Strategy Analysis 177

12 Company Profiles

• 12.1 BASF SE_x000B_ 178
  • 12.1.1 Company Overview 178
  • 12.1.2 Financial Overview 178
  • 12.1.3 Products Offered 179
  • 12.1.4 Key Developments 179
  • 12.1.5 SWOT Analysis 179
  • 12.1.6 Key Strategies 179
• 12.2 Huntsman International LLC_x000B_ 180
  • 12.2.1 Company Overview 180
  • 12.2.2 Financial Overview 180
  • 12.2.3 Products Offered 180
  • 12.2.4 Key Developments 181
  • 12.2.5 SWOT Analysis 181
  • 12.2.6 Key Strategies 181
• 12.3 Mitsubishi Chemical Corporation_x000B_ 182
  • 12.3.1 Company Overview 182
  • 12.3.2 Financial Overview 182
  • 12.3.3 Products Offered 183
  • 12.3.4 Key Developments 183
  • 12.3.5 SWOT Analysis 183
  • 12.3.6 Key Strategies 183
• 12.4 OUCC_x000B_ 184
  • 12.4.1 Company Overview 184
  • 12.4.2 Financial Overview 184
  • 12.4.3 Products Offered 185
  • 12.4.4 Key Developments 185
  • 12.4.5 SWOT Analysis 185
  • 12.4.6 Key Strategies 185
• 12.5 Merck KGaA_x000B_ 186
  • 12.5.1 Company Overview 186
  • 12.5.2 Financial Overview 186
  • 12.5.3 Products Offered 187
  • 12.5.4 Key Developments 187
  • 12.5.5 SWOT Analysis 187
  • 12.5.6 Key Strategies 187
• 12.6 New Japan Chemical Co., Ltd_x000B_ 188
  • 12.6.1 Company Overview 188
  • 12.6.2 Financial Overview 188
  • 12.6.3 Products Offered 189
  • 12.6.4 Key Developments 189
  • 12.6.5 SWOT Analysis 189
  • 12.6.6 Key Strategies 189
• 12.7 TOAGOSEI CO., LTD._x000B_ 190
  • 12.7.1 Company Overview 190
  • 12.7.2 Financial Overview 190
  • 12.7.3 Products Offered 190
  • 12.7.4 Key Developments 191
  • 12.7.5 SWOT Analysis 191
  • 12.7.6 Key Strategies 191
• 12.8 Shandong Senjie Cleantech Co., Ltd. _x000B_ 192
  • 12.8.1 Company Overview 192
  • 12.8.2 Financial Overview 192
  • 12.8.3 Products Offered 192
  • 12.8.4 Key Developments 192
  • 12.8.5 SWOT Analysis 192
  • 12.8.6 Key Strategies 192
• 12.9 PANAX ETEC_x000B__x000B_ 193
  • 12.9.1 Company Overview 193
  • 12.9.2 Financial Overview 193
  • 12.9.3 Products Offered 193
  • 12.9.4 Key Developments 193
  • 12.9.5 SWOT Analysis 193
  • 12.9.6 Key Strategies 193
• 12.10 Zibo Donghai Industries Co., Ltd 194
  • 12.10.1 Company Overview 194
  • 12.10.2 Financial Overview 194
  • 12.10.3 Products Offered 194
  • 12.10.4 Key Developments 194
  • 12.10.5 SWOT Analysis 194
  • 12.10.6 Key Strategies 194
• 12.11 Tokyo Chemical Industry Co., Ltd _x000B__x000B_ 195
  • 12.11.1 Company Overview 195
  • 12.11.2 Financial Overview 195
  • 12.11.3 Products Offered 195
  • 12.11.4 Key Developments 195
  • 12.11.5 SWOT Analysis 195
  • 12.11.6 Key Strategies 195

13 Conclusion

• 13.1 Key Findings 196
• 13.2 Industry Trends 196