The global ethylene carbonate market is expected to grow from USD 1.03 billion in 2025 to USD 2.14 billion by 2032, with a CAGR of 11.0% during the forecast period. This growth is mainly driven by the increasing demand for lithium-ion batteries in electric vehicles (EVs), consumer electronics, and renewable energy storage systems, where the compound acts as a key electrolyte solvent, improving ion conductivity, stability, and battery lifespan. The shift toward clean energy and transportation, supported by strict emission regulations and government incentives for EV adoption, significantly boosts consumption. Additionally, expanding applications in lubricants, coatings, and plastics—spurred by industrial growth—contribute to market expansion. The availability of cost-effective production in Asia and ongoing advancements in battery technology further propel worldwide demand for ethylene carbonate.
“The solid segment, by form, is likely to account for the second-largest share during the forecast period”.
The solid segment is projected to hold the second largest share of the ethylene carbonate market during the forecast period. Solid ethylene carbonate is highly valued for its stability, ease of handling, and high purity, making it suitable for various industrial uses. It is widely used as an intermediate in the production of lubricants, plasticizers, surface coatings, and specialized chemical formulations. In the lithium-ion battery industry, solid ethylene carbonate is often favored in high-performance electrolyte formulations that require precise control over purity and composition. Additionally, its role as a solvent and crosslinking agent in polymer processing, adhesives, and sealants supports steady demand from manufacturing sectors. While growth in this segment may be slower than in the liquid form, due to the latter’s dominance in EV battery applications, the versatility, storage stability, and niche application suitability of the solid form ensure it maintains a significant market share throughout the forecast period.
“Lithium battery electrolytes, by application, account for the larger share of the ethylene carbonate market primarily due to growing demand for lithium-ion batteries.”
Lithium battery electrolytes dominate the ethylene carbonate market, mainly driven by the rising demand for lithium-ion batteries across various industries. Ethylene carbonate is a vital high-permittivity solvent in these batteries, allowing efficient ion movement and creating stable solid electrolyte interphases (SEI) that boost battery performance, safety, and lifespan. The fastest-growing segment is fueled by the widespread adoption of electric vehicles (EVs), supported by decarbonization efforts, strict emission standards, and government incentives. Furthermore, the booming consumer electronics sector, including smartphones, laptops, tablets, and wearables, continues to increase the need for reliable, high-energy-density batteries. In addition, the growing use of renewable energy storage systems in power grids is broadening the application of lithium-ion batteries in stationary settings. As global investments in battery manufacturing—especially in the Asia-Pacific—continue to rise, the demand for ethylene carbonate in lithium battery electrolytes is expected to stay dominant throughout the forecast period.
Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 55%, Tier 2 – 30%, and Tier 3 – 15%
• By Designation: C-level – 21%, Director Level – 23%, and Others – 56%
• By Region: North America – 45%, Europe – 27%, Asia Pacific – 15%, Middle East & Africa – 6%, and South America – 7%
Mitsubishi Chemical Group Corporation (Japan), Huntsman International LLC (US), TAOGOSEI CO., LTD. (Japan), Shinghwa Advanced Material Group Co., Ltd. (China), and BASF (Germany) are among the leading companies in the ethylene carbonate market. These companies have pursued partnerships and expansion strategies to grow their market share and increase revenue.
Research Coverage:
The report defines, segments, and forecasts the ethylene carbonate market based on form, application, end-use industry, and region. It offers detailed information about the main factors affecting the market's growth, such as drivers, restraints, opportunities, and challenges. It strategically profiles ethylene carbonate manufacturers, thoroughly analyzes their market share and core competencies, and monitors and examines competitive developments they undertake in the market, such as expansions and partnerships.
Reasons to Buy the Report:
The report aims to assist market leaders and new entrants by offering the most accurate estimates of revenue figures for the ethylene carbonate market and its segments. It is also designed to help stakeholders better understand the market's competitive landscape, gain insights to strengthen their business positions, and develop effective go-to-market strategies. Additionally, it enables stakeholders to grasp the market's current trends and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights into the following points:
• Analysis of key drivers (growing demand in lithium-ion battery electrolyte and lubricant applications, massive industrial growth in Asia Pacific and Africa), restraints (volatility of raw materials prices, use of highly toxic raw materials in production of ethylene carbonate), opportunities (emergence of lithium-sulfur batteries, increasing use of bio-based plasticizers), and challenges (fluctuating oil & gas prices) influencing the growth of the ethylene carbonate market
• Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities in the ethylene carbonate market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the ethylene carbonate market across varied regions
• Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the industrial market
• Competitive Assessment: A detailed analysis of market shares, growth strategies, and product offerings of leading companies such as Mitsubishi Chemical Group Corporation (Japan), Huntsman International LLC (U.S.), TOAGOSEI CO., LTD. (Japan), Shinghwa Advanced Material Group Co., Ltd. (China), Dubi Chem (UAE), ZIBO DONGHAI INDUSTRIES CO., LTD. (China), Tokyo Chemical Industry Co., Ltd. (China), Empower Materials (U.S.), Merck KGaA (Germany), BASF (Germany), FUJIFILM Wako Pure Chemical Corporation (Japan), Vizag Chemical (India), Junsei Chemical Co., Ltd. (Japan), Shandong Lixing Advanced Material Co., Ltd. (China), Zhengzhou Meiya Chemical Products Co., Ltd. (China), Indorama Ventures Public Company Limited (Thailand), LOTTE Chemical Corporation (South Korea), Ichimaru Co., Ltd. (Japan), Asahi Kasei Corporation (Japan), Yingkou Hengyang New Energy Chemical Co., Ltd. (China), and others in the ethylene carbonate market.
圖表清單 List of Tables & Figures
TABLE 1 ETHYLENE CARBONATE MARKET: INCLUSIONS & EXCLUSIONS OF STUDY 25
TABLE 2 ETHYLENE CARBONATE MARKET SNAPSHOT, 2025 VS. 2032 38
TABLE 3 ETHYLENE CARBONATE MARKET: PORTER'S FIVE FORCES ANALYSIS 48
TABLE 4 ETHYLENE CARBONATE MARKET: ECOSYSTEM 52
TABLE 5 PRICING TREND OF ETHYLENE CARBONATE, BY REGION, 2020–2024 (USD/TON) 54
TABLE 6 PRICING TREND OF ETHYLENE CARBONATE, BY APPLICATION,
2020–2024 (USD/TON) 54
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP
THREE END-USE INDUSTRIES (%) 65
TABLE 8 KEY BUYING CRITERIA, BY TOP THREE END-USE INDUSTRIES 65
TABLE 9 ETHYLENE CARBONATE MARKET: DETAILED LIST OF CONFERENCES & EVENTS 66
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT
AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 67
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 68
TABLE 13 REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE), BY COUNTRY, 2021–2024 72
TABLE 14 UNEMPLOYMENT RATE, BY COUNTRY, 2021–2024 72
TABLE 15 INFLATION RATE (AVERAGE CONSUMER PRICES), BY COUNTRY, 2021–2024 73
TABLE 16 FOREIGN DIRECT INVESTMENT, 2023 VS. 2024 73
TABLE 17 ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 81
TABLE 18 ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (USD MILLION) 82
TABLE 19 ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 82
TABLE 20 ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 82
TABLE 21 LITHIUM BATTERY ELECTROLYTES: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (USD MILLION) 83
TABLE 22 LITHIUM BATTERY ELECTROLYTES: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (USD MILLION) 83
TABLE 23 LITHIUM BATTERY ELECTROLYTES: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON) 84
TABLE 24 LITHIUM BATTERY ELECTROLYTES: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON) 84
TABLE 25 LUBRICANTS: ETHYLENE CARBONATE MARKET, BY REGION,
2021–2024 (USD MILLION) 85
TABLE 26 LUBRICANTS: ETHYLENE CARBONATE MARKET, BY REGION,
2025–2032 (USD MILLION) 85
TABLE 27 LUBRICANTS: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON) 85
TABLE 28 LUBRICANTS: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON) 86
TABLE 29 SURFACE COATINGS: ETHYLENE CARBONATE MARKET, BY REGION,
2021–2024 (USD MILLION) 86
TABLE 30 SURFACE COATINGS: ETHYLENE CARBONATE MARKET, BY REGION,
2025–2032 (USD MILLION) 87
TABLE 31 SURFACE COATINGS: ETHYLENE CARBONATE MARKET, BY REGION,
2021–2024 (TON) 87
TABLE 32 SURFACE COATINGS: ETHYLENE CARBONATE MARKET, BY REGION,
2025–2032 (TON) 87
TABLE 33 PLASTICIZERS: ETHYLENE CARBONATE MARKET, BY REGION,
2021–2024 (USD MILLION) 88
TABLE 34 PLASTICIZERS: ETHYLENE CARBONATE MARKET, BY REGION,
2025–2032 (USD MILLION) 88
TABLE 35 PLASTICIZERS: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON) 89
TABLE 36 PLASTICIZERS: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON) 89
TABLE 37 OTHER APPLICATIONS: ETHYLENE CARBONATE MARKET, BY REGION,
2021–2024 (USD MILLION) 90
TABLE 38 OTHER APPLICATIONS: ETHYLENE CARBONATE MARKET, BY REGION,
2025–2032 (USD MILLION) 90
TABLE 39 OTHER APPLICATIONS: ETHYLENE CARBONATE MARKET, BY REGION,
2021–2024 (TON) 90
TABLE 40 OTHER APPLICATIONS: ETHYLENE CARBONATE MARKET, BY REGION,
2025–2032 (TON) 91
TABLE 41 ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2021–2024 (TON) 93
TABLE 42 ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2025–2032 (TON) 94
TABLE 43 AUTOMOTIVE: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON) 94
TABLE 44 AUTOMOTIVE: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON) 95
TABLE 45 INDUSTRIAL: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON) 95
TABLE 46 INDUSTRIAL: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON) 96
TABLE 47 OIL & GAS: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON) 96
TABLE 48 OIL & GAS: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON) 97
TABLE 49 MEDICAL: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON) 97
TABLE 50 MEDICAL: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON) 98
TABLE 51 PERSONAL CARE & HYGIENE: ETHYLENE CARBONATE MARKET, BY REGION,
2021–2024 (TON) 98
TABLE 52 PERSONAL CARE & HYGIENE: ETHYLENE CARBONATE MARKET, BY REGION,
2025–2032 (TON) 99
TABLE 53 OTHER END-USE INDUSTRIES: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON) 99
TABLE 54 OTHER END-USE INDUSTRIES: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON) 100
TABLE 55 ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (USD MILLION) 102
TABLE 56 ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (USD MILLION) 103
TABLE 57 ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON) 103
TABLE 58 ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON) 103
TABLE 59 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 105
TABLE 60 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 105
TABLE 61 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY COUNTRY, 2021–2024 (TON) 105
TABLE 62 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY COUNTRY, 2025–2032 (TON) 106
TABLE 63 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 106
TABLE 64 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 106
TABLE 65 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (TON) 107
TABLE 66 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (TON) 107
TABLE 67 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,
2021–2024 (TON) 107
TABLE 68 ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,
2025–2032 (TON) 108
TABLE 69 CHINA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 109
TABLE 70 CHINA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 109
TABLE 71 CHINA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 109
TABLE 72 CHINA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 110
TABLE 73 JAPAN: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 111
TABLE 74 JAPAN: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 111
TABLE 75 JAPAN: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 111
TABLE 76 JAPAN: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 112
TABLE 77 SOUTH KOREA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 112
TABLE 78 SOUTH KOREA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 113
TABLE 79 SOUTH KOREA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (TON) 113
TABLE 80 SOUTH KOREA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (TON) 113
TABLE 81 TAIWAN: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 114
TABLE 82 TAIWAN: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 114
TABLE 83 TAIWAN: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 115
TABLE 84 TAIWAN: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 115
TABLE 85 REST OF ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 116
TABLE 86 REST OF ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 116
TABLE 87 REST OF ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (TON) 116
TABLE 88 REST OF ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (TON) 117
TABLE 89 NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 118
TABLE 90 NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 118
TABLE 91 NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2021–2024 (TON) 119
TABLE 92 NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2025–2032 (TON) 119
TABLE 93 NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 119
TABLE 94 NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 119
TABLE 95 NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (TON) 120
TABLE 96 NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (TON) 120
TABLE 97 NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2021–2024 (TON) 120
TABLE 98 NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2025–2032 (TON) 121
TABLE 99 US: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 121
TABLE 100 US: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 122
TABLE 101 US: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 122
TABLE 102 US: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 122
TABLE 103 CANADA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 123
TABLE 104 CANADA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 123
TABLE 105 CANADA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 124
TABLE 106 CANADA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 124
TABLE 107 MEXICO: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 125
TABLE 108 MEXICO: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 125
TABLE 109 MEXICO: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 125
TABLE 110 MEXICO: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 126
TABLE 111 EUROPE: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 127
TABLE 112 EUROPE: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 127
TABLE 113 EUROPE: ETHYLENE CARBONATE MARKET, BY COUNTRY, 2021–2024 (TON) 127
TABLE 114 EUROPE: ETHYLENE CARBONATE MARKET, BY COUNTRY, 2025–2032 (TON) 128
TABLE 115 EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 128
TABLE 116 EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 128
TABLE 117 EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 129
TABLE 118 EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 129
TABLE 119 EUROPE: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,
2021–2024 (TON) 129
TABLE 120 EUROPE: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,
2025–2032 (TON) 130
TABLE 121 GERMANY: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 130
TABLE 122 GERMANY: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 131
TABLE 123 GERMANY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 131
TABLE 124 GERMANY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 131
TABLE 125 UK: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 132
TABLE 126 UK: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 132
TABLE 127 UK: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 133
TABLE 128 UK: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 133
TABLE 129 FRANCE: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 134
TABLE 130 FRANCE: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 134
TABLE 131 FRANCE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 134
TABLE 132 FRANCE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 135
TABLE 133 ITALY: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 135
TABLE 134 ITALY: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 136
TABLE 135 ITALY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 136
TABLE 136 ITALY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 136
TABLE 137 TURKEY: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 137
TABLE 138 TURKEY: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 137
TABLE 139 TURKEY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 137
TABLE 140 TURKEY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 138
TABLE 141 RUSSIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 138
TABLE 142 RUSSIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 138
TABLE 143 RUSSIA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 139
TABLE 144 RUSSIA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 139
TABLE 145 REST OF EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 139
TABLE 146 REST OF EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 140
TABLE 147 REST OF EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (TON) 140
TABLE 148 REST OF EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (TON) 140
TABLE 149 MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 141
TABLE 150 MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 141
TABLE 151 MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2021–2024 (TON) 142
TABLE 152 MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2025–2032 (TON) 142
TABLE 153 MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 142
TABLE 154 MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 143
TABLE 155 MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (TON) 143
TABLE 156 MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (TON) 143
TABLE 157 MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2021–2024 (TON) 144
TABLE 158 MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2025–2032 (TON) 144
TABLE 159 UAE: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 145
TABLE 160 UAE: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 145
TABLE 161 UAE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 145
TABLE 162 UAE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 146
TABLE 163 SAUDI ARABIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 146
TABLE 164 SAUDI ARABIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 147
TABLE 165 SAUDI ARABIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (TON) 147
TABLE 166 SAUDI ARABIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (TON) 147
TABLE 167 REST OF GCC COUNTRIES: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 148
TABLE 168 REST OF GCC COUNTRIES: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (USD MILLION) 148
TABLE 169 REST OF GCC COUNTRIES: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 148
TABLE 170 REST OF GCC COUNTRIES: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 149
TABLE 171 SOUTH AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 149
TABLE 172 SOUTH AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 150
TABLE 173 SOUTH AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (TON) 150
TABLE 174 SOUTH AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (TON) 150
TABLE 175 REST OF MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET,
BY APPLICATION, 2021–2024 (USD MILLION) 151
TABLE 176 REST OF MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET,
BY APPLICATION, 2025–2032 (USD MILLION) 151
TABLE 177 REST OF MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET,
BY APPLICATION, 2021–2024 (TON) 151
TABLE 178 REST OF MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET,
BY APPLICATION, 2025–2032 (TON) 152
TABLE 179 SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 152
TABLE 180 SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 152
TABLE 181 SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2021–2024 (TON) 153
TABLE 182 SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,
2025–2032 (TON) 153
TABLE 183 SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 153
TABLE 184 SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 153
TABLE 185 SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (TON) 154
TABLE 186 SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (TON) 154
TABLE 187 SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,
2021–2024 (TON) 154
TABLE 188 SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,
2025–2032 (TON) 155
TABLE 189 BRAZIL: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 155
TABLE 190 BRAZIL: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 156
TABLE 191 BRAZIL: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 156
TABLE 192 BRAZIL: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 156
TABLE 193 ARGENTINA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 157
TABLE 194 ARGENTINA: ETHYLENE CARBONATE MARKET, BY APPLICATION,
2025–2032 (USD MILLION) 157
TABLE 195 ARGENTINA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 158
TABLE 196 ARGENTINA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 158
TABLE 197 REST OF SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 158
TABLE 198 REST OF SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (USD MILLION) 159
TABLE 199 REST OF SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON) 159
TABLE 200 REST OF SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON) 159
TABLE 201 ETHYLENE CARBONATE MARKET: OVERVIEW OF STRATEGIES ADOPTED
BY KEY PLAYERS, 2020–2025 160
TABLE 202 ETHYLENE CARBONATE MARKET: DEGREE OF COMPETITION, 2024 163
TABLE 203 ETHYLENE CARBONATE MARKET: REGION FOOTPRINT 170
TABLE 204 ETHYLENE CARBONATE MARKET: FORM FOOTPRINT 171
TABLE 205 ETHYLENE CARBONATE MARKET: APPLICATION FOOTPRINT 172
TABLE 206 ETHYLENE CARBONATE MARKET: END-USE INDUSTRY FOOTPRINT 173
TABLE 207 ETHYLENE CARBONATE MARKET: GRADE FOOTPRINT 174
TABLE 208 ETHYLENE CARBONATE MARKET: DETAILED LIST OF KEY STARTUPS/SMES 177
TABLE 209 ETHYLENE CARBONATE MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES (1/2) 177
TABLE 210 ETHYLENE CARBONATE MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES (2/2) 178
TABLE 211 ETHYLENE CARBONATE MARKET: DEALS, JANUARY 2020–AUGUST 2025 178
TABLE 212 ETHYLENE CARBONATE MARKET: EXPANSIONS, JANUARY 2020–AUGUST 2025 179
TABLE 213 ORIENTAL UNION CHEMICAL CORPORATION: COMPANY OVERVIEW 183
TABLE 214 ORIENTAL UNION CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 184
TABLE 215 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY OVERVIEW 186
TABLE 216 MITSUBISHI CHEMICAL GROUP CORPORATION: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 187
TABLE 217 MITSUBISHI CHEMICAL GROUP CORPORATION: DEALS 187
TABLE 218 HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW 189
TABLE 219 HUNTSMAN INTERNATIONAL LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
TABLE 220 HUNTSMAN INTERNATIONAL LLC: EXPANSIONS 191
TABLE 221 TOAGOSEI CO., LTD.: COMPANY OVERVIEW 193
TABLE 222 TOAGOSEI CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 194
TABLE 223 SHINGHWA ADVANCED MATERIAL GROUP CO., LTD.: COMPANY OVERVIEW 196
TABLE 224 SHINGHWA ADVANCED MATERIAL GROUP CO., LTD.: PRODUCTS/
SOLUTIONS/SERVICES OFFERED 197
TABLE 225 DUBI CHEM: COMPANY OVERVIEW 199
TABLE 226 DUBI CHEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 199
TABLE 227 ZIBO DONGHAI INDUSTRIES CO., LTD.: COMPANY OVERVIEW 200
TABLE 228 ZIBO DONGHAI INDUSTRIES CO., LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 200
TABLE 229 MERCK KGAA: COMPANY OVERVIEW 201
TABLE 230 MERCK KGAA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 202
TABLE 231 INDORAMA VENTURES PUBLIC COMPANY LIMITED: COMPANY OVERVIEW 203
TABLE 232 INDORAMA VENTURES PUBLIC COMPANY LIMITED: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 204
TABLE 233 INDORAMA VENTURES PUBLIC COMPANY LIMITED: DEALS 205
TABLE 234 LOTTE CHEMICAL CORPORATION: COMPANY OVERVIEW 206
TABLE 235 LOTTE CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207
TABLE 236 LOTTE CHEMICAL CORPORATION: DEALS 208
TABLE 237 LOTTE CHEMICAL CORPORATION: EXPANSIONS 208
TABLE 238 ASAHI KASEI CORPORATION: COMPANY OVERVIEW 209
TABLE 239 ASAHI KASEI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 210
TABLE 240 EMPOWER MATERIALS: COMPANY OVERVIEW 211
TABLE 241 EMPOWER MATERIALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 211
TABLE 242 VIZAG CHEMICAL: COMPANY OVERVIEW 212
TABLE 243 VIZAG CHEMICAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212
TABLE 244 JUNSEI CHEMICAL CO., LTD.: COMPANY OVERVIEW 213
TABLE 245 JUNSEI CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 213
TABLE 246 SHANDONG LIXING ADVANCED MATERIAL CO., LTD.: COMPANY OVERVIEW 214
TABLE 247 SHANDONG LIXING ADVANCED MATERIAL CO., LTD.: PRODUCTS/
SOLUTIONS/SERVICES OFFERED 214
TABLE 248 ZHENGZHOU MEIYA CHEMICAL PRODUCTS CO., LTD.: COMPANY OVERVIEW 215
TABLE 249 ZHENGZHOU MEIYA CHEMICAL PRODUCTS CO., LTD: PRODUCTS/
SOLUTIONS/SERVICES OFFERED 215
TABLE 250 YINGKOU HENGYANG NEW ENERGY CHEMICAL CO., LTD.: COMPANY OVERVIEW 216
TABLE 251 YINGKOU HENGYANG NEW ENERGY CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 252 OCEANCHEM GROUP LIMITED: COMPANY OVERVIEW 217
TABLE 253 TOKYO CHEMICAL INDUSTRY CO., LTD.: COMPANY OVERVIEW 218
TABLE 254 RX MARINE INTERNATIONAL: COMPANY OVERVIEW 219
TABLE 255 DONGYING HI-TECH SPRING CHEMICAL INDUSTRY CO., LTD.: COMPANY OVERVIEW 220
TABLE 256 HEFEI TNJ CHEMICAL INDUSTRY CO., LTD.: COMPANY OVERVIEW 221
TABLE 257 INDUSTRIAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2018–2022 (KILOTON) 224
TABLE 258 INDUSTRIAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2023–2028 (KILOTON) 224
TABLE 259 INDUSTRIAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2018–2022 (USD MILLION) 224
TABLE 260 INDUSTRIAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2023–2028 (USD MILLION) 225
TABLE 261 PHARMACEUTICAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2018–2022 (KILOTON) 225
TABLE 262 PHARMACEUTICAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2023–2028 (KILOTON) 226
TABLE 263 PHARMACEUTICAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2018–2022 (USD MILLION) 226
TABLE 264 PHARMACEUTICAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2023–2028 (USD MILLION) 226
TABLE 265 BATTERY GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2018–2022 (KILOTON) 227
TABLE 266 BATTERY GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2023–2028 (KILOTON) 227
TABLE 267 BATTERY GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2018–2022 (USD MILLION) 228
TABLE 268 BATTERY GRADE: DIMETHYL CARBONATE MARKET, BY REGION,
2023–2028 (USD MILLION) 228
FIGURE 1 ETHYLENE CARBONATE MARKET SEGMENTATION 25
FIGURE 2 ETHYLENE CARBONATE MARKET: RESEARCH DESIGN 28
FIGURE 3 BOTTOM-UP APPROACH 32
FIGURE 4 TOP-DOWN APPROACH 32
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) 33
FIGURE 6 ETHYLENE CARBONATE MARKET: DATA TRIANGULATION 34
FIGURE 7 FACTOR ANALYSIS 35
FIGURE 8 AUTOMOTIVE SEGMENT DOMINATED MARKET IN 2024 38
FIGURE 9 LITHIUM BATTERY ELECTROLYTES SEGMENT TO DOMINATE MARKET
DURING FORECAST PERIOD 39
FIGURE 10 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF ETHYLENE
CARBONATE MARKET IN 2024 40
FIGURE 11 GROWING USE OF ETHYLENE CARBONATE AS BATTERY ELECTROLYTES
AND LUBRICANTS TO DRIVE MARKET 41
FIGURE 12 LUBRICANTS ACCOUNTED FOR LARGEST SHARE OF ASIA PACIFIC MARKET IN 2024 42
FIGURE 13 CHINA TO REGISTER HIGHEST GROWTH BETWEEN 2025 AND 2032 42
FIGURE 14 ETHYLENE CARBONATE MARKET: DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES 43
FIGURE 15 Y-O-Y INCREASE OF BATTERY ELECTRIC VEHICLES (BEV) AND
PLUG-IN HYBRIDS (PHEV) 44
FIGURE 16 FLUCTUATION IN PRICES OF CRUDE OIL, 2015–2024 47
FIGURE 17 ETHYLENE CARBONATE MARKET: PORTER'S FIVE FORCES ANALYSIS 47
FIGURE 18 ETHYLENE CARBONATE MARKET: VALUE CHAIN ANALYSIS 51
FIGURE 19 ETHYLENE CARBONATE MARKET: ECOSYSTEM 52
FIGURE 20 PRICING RANGE OF ETHYLENE CARBONATE, BY KEY PLAYER, 2024 (USD/TON) 53
FIGURE 21 PRICING TREND OF ETHYLENE CARBONATE, BY REGION, 2020–2024 (USD/TON) 53
FIGURE 22 ETHYLENE CARBONATE MARKET: PATENT ANALYSIS, 2014–2024 55
FIGURE 23 US ACCOUNTED FOR HIGHEST NUMBER OF PATENTS 56
FIGURE 24 IMPORT DATA FOR HS CODE 290121-COMPLIANT PRODUCTS,
BY KEY COUNTRY, 2020–2024 (USD THOUSAND) 63
FIGURE 25 EXPORT DATA FOR HS CODE 290121-COMPLIANT PRODUCTS,
BY KEY COUNTRY, 2020–2024 (USD THOUSAND) 64
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE
END-USE INDUSTRIES 64
FIGURE 27 KEY BUYING CRITERIA, BY END-USE INDUSTRY 65
FIGURE 28 ETHYLENE CARBONATE MARKET: TRENDS/DISRUPTIONS IMPACTING BUSINESS 71
FIGURE 29 LITHIUM BATTERY ELECTROLYTES SEGMENT TO REGISTER HIGHEST GROWTH DURING STUDY PERIOD 81
FIGURE 30 AUTOMOTIVE INDUSTRY SEGMENT TO DOMINATE MARKET IN 2025 93
FIGURE 31 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD 102
FIGURE 32 ASIA PACIFIC: ETHYLENE CARBONATE MARKET SNAPSHOT 104
FIGURE 33 NORTH AMERICA: ETHYLENE CARBONATE MARKET SNAPSHOT 118
FIGURE 34 EUROPE: ETHYLENE CARBONATE MARKET SNAPSHOT 126
FIGURE 35 ETHYLENE CARBONATE MARKET: REVENUE ANALYSIS OF
KEY PLAYERS, 2020–2024 (USD BILLION) 162
FIGURE 36 ETHYLENE CARBONATE MARKET SHARE ANALYSIS, 2024 163
FIGURE 37 ETHYLENE CARBONATE MARKET: BRAND/PRODUCT COMPARISON 165
FIGURE 38 ETHYLENE CARBONATE MARKET: COMPANY EVALUATION
MATRIX (KEY PLAYERS), 2024 168
FIGURE 39 ETHYLENE CARBONATE MARKET: COMPANY FOOTPRINT 169
FIGURE 40 ETHYLENE CARBONATE MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 176
FIGURE 41 ETHYLENE CARBONATE MARKET: EV/EBITDA 181
FIGURE 42 ETHYLENE CARBONATE MARKET: EV/REVENUE 181
FIGURE 43 ETHYLENE CARBONATE MARKET: YEAR-TO-DATE (YTD) PRICE TOTAL RETURN
AND FIVE-YEAR STOCK BETA OF KEY MANUFACTURERS 182
FIGURE 44 ORIENTAL UNION CHEMICAL CORPORATION: COMPANY SNAPSHOT 184
FIGURE 45 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY SNAPSHOT 186
FIGURE 46 HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT 190
FIGURE 47 TOAGOSEI CO., LTD.: COMPANY SNAPSHOT 193
FIGURE 48 SHINGHWA ADVANCED MATERIAL GROUP CO., LTD.: COMPANY SNAPSHOT 196
FIGURE 49 MERCK KGAA: COMPANY SNAPSHOT 202
FIGURE 50 INDORAMA VENTURES PUBLIC COMPANY LIMITED: COMPANY SNAPSHOT 204
FIGURE 51 LOTTE CHEMICAL CORPORATION: COMPANY SNAPSHOT 207
FIGURE 52 ASAHI KASEI CORPORATION: COMPANY SNAPSHOT 210