세계의 탄산 에틸렌 시장 및 예측 분석(2018-2034년)

Ethylene Carbonate

Ethylene carbonate is an organic compound known for its excellent dielectric strength, high polarity, and ability to dissolve a wide range of materials, making it an important solvent and intermediate. In recent years, the compound has gained significant attention due to its growing use in lithium-ion batteries, especially as the world transitions toward electric mobility and renewable energy storage solutions. Ethylene carbonate is also used as a solvent in lubricants and paints, as well as in the production of chemical intermediates. Its versatility and performance efficiency have made it an essential material across several high-growth sectors globally.

Demand, by Application

The demand for ethylene carbonate is largely driven by its applications in lithium batteries, which form the fastest growing and the largest segment. In lithium-ion batteries, ethylene carbonate serves as an electrolyte solvent that improves ion conductivity, enhances stability, and extends battery life. As the adoption of electric vehicles (EVs), energy storage systems, and consumer electronics continues to accelerate, the requirement for high-performance electrolyte materials has surged, placing ethylene carbonate at the center of this technological shift.

Ethylene carbonate is used as a component in synthetic lubricants due to its ability to improve viscosity, thermal stability, and lubricity. This makes it valuable for use in automotive, industrial machinery, and aerospace applications. The paints and coatings industry also utilizes ethylene carbonate as a solvent and viscosity regulator, enabling better dispersion of pigments and smoother finishes. In chemical intermediates, it serves as a building block for producing other compounds such as dimethyl carbonate and ethylene glycol, which have diverse uses in plastics, solvents, and specialty chemicals. The others category includes its application in cosmetics, detergents, and personal care products, where ethylene carbonate acts as a solvent and stabilizing agent. The compound's adaptability across different product categories ensures consistent and diversified demand.

Regional Ethylene Carbonate Demand Analysis

Asia Pacific dominates the global ethylene carbonate market, accounting for the largest share of both production and consumption. Countries like China, Japan, and South Korea are major centers for lithium-ion battery manufacturing, driven by the rapid expansion of the electric vehicle and electronics sectors. China, in particular, stands as the global leader in battery production, with increasing investments in EV infrastructure and renewable energy storage systems. This directly translates into higher demand for ethylene carbonate as a key electrolyte component. India is also emerging as a significant market, with growing investments in energy storage, lubricants, and industrial coatings.

North America holds a substantial share, primarily due to advancements in electric mobility, clean energy initiatives, and strong industrial demand. The United States, home to major EV manufacturers and technology innovators, is seeing rising consumption of ethylene carbonate for lithium-ion battery applications. The presence of a well-developed lubricant and coatings industry also supports steady regional demand. Europe follows closely, driven by stringent environmental regulations and a strong push toward green energy and decarbonization. Countries such as Germany, France, and the Netherlands are at the forefront of EV adoption and renewable energy deployment, thereby stimulating demand for ethylene carbonate.

Key Manufacturers

BASF, Huntsman Corporation, Mitsubishi Chemical Group Corporation, Vizag Chemicals, Empower Chemicals, Toagosei Co. Ltd., Oriental Union Chemical Corporation are the global ethylene carbonate manufacturers.

Market Driver: Rising demand for Li-ion batteries

The most significant driver of the global ethylene carbonate market is the growing demand for lithium-ion batteries, particularly in electric vehicles and renewable energy storage. As governments and consumers worldwide push for cleaner transportation and lower carbon emissions, the electric vehicle market has expanded rapidly. Ethylene carbonate is a critical component in battery electrolytes that enhances stability and performance, making it indispensable in the battery supply chain. The increasing number of batteries gigafactories being set up across Asia, Europe, and North America further amplifies the demand for this compound.

In addition to battery applications, the rising industrialization and modernization of manufacturing sectors are boosting demand for lubricants, paints, and coatings, where ethylene carbonate enhances product quality and efficiency. The shift toward environmentally friendly formulations also plays a key role, as ethylene carbonate is considered a more sustainable solvent alternative compared to traditional hydrocarbon-based options. The ongoing innovation in chemical intermediates and green chemistry is expanding the compound's applications, particularly in developing bio-based and recyclable materials. Together, these factors position ethylene carbonate as a key enabler of future-oriented industries focused on energy efficiency and sustainability.

Market Restraint: High Costs

One of the main restraints is the high cost of production and raw material dependency. The manufacturing of ethylene carbonate relies heavily on ethylene oxide and carbon dioxide, and fluctuations in their availability and prices can directly impact production costs. Additionally, the process involves complex chemical synthesis, requiring stringent handling and safety measures, which increase operational expenses.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Applications
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance and COVID-19 Impact

• Automotive
• Industrial
• Others

5. Introduction to Ethylene Carbonate and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Ethylene Carbonate Demand Analysis, By Applications (Volume, Value) (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018-2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Ethylene Carbonate Market, By Applications
• Lithium Batteries
• Lubricants
• Paints & Coatings
• Chemical Intermediates
• Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
• Demand
• Demand Growth Rate (%)
• Ethylene Carbonate Market, By Applications

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by applications have been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

• Ethylene Carbonate Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Recent Developments
  • Companies Covered -
• BASF
• Huntsman Corporation
• Mitsubishi Chemical Group Corporation
• Vizag Chemicals
• Empower Chemicals
• Toagosei Co. Ltd.
• Oriental Union Chemical Corporation
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

• Demand - Regions
• Demand - Countries