This report provides exclusive insights into the COVID-19 impact on the Ethylene Carbonate Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Ethylene Carbonate Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Ethylene Carbonate Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on ethylene carbonate market provides in-depth
analysis of segments and sub-segments in the global as well as regional
ethylene carbonate market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional ethylene carbonate
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global ethylene carbonate
market. According to the report, the global ethylene carbonate market is
projected to grow at a CAGR of 6.4% over the forecast period of 2019-2025.
Market Insight
Ethylene carbonate is a polar
solvent with a high boiling point, low toxicity, no odor, and high solubility
for polymers. Ethylene carbonate with PVA is used during plastic manufacturing.
The growing demand for plasticizers propels the ethylene carbonate market
growth. Companies are focusing on research and development to promote
innovations that maximize their market share in the global ethylene carbonate
market.
The growing automotive industry in
developing countries drives the growth of the ethylene carbonate market. The
surge in demand for ethylene carbonate in lithium-ion electrolytes and
lubricant applications stimulates the growth of the ethylene carbonate market.
The strict government policies about fuel economy fuel demand for lithium-ion
batteries contributing to the growth of the ethylene carbonate market. The
rising urbanization and enhancement in the standard of living promote the
growth of the ethylene carbonate market. The increasing demand for electric
vehicles boosts the adoption of lithium-ion batteries due to its lightweight
and less charging time. The rising use of lithium-ion batteries in electronic
gadgets propels the growth of the ethylene carbonate market. On the other side,
volatile raw material prices hinder the growth of the ethylene carbonate
market. Moreover, research and development and the adoption of new technologies
in lithium-ion batteries create numerous opportunities for the growth of the
ethylene carbonate market.
Based on geography, the global
ethylene carbonate market is classified into North America, Asia-Pacific,
Europe, and the Rest of the World. Asia-Pacific region is anticipated to hold a
premium share in the global ethylene carbonate market. The rising use of ethylene
carbonate in end-use industries in developing countries such as China, India
drives the growth of the ethylene carbonate market in Asia-Pacific. Europe is
expected to grow in the global ethylene carbonate market with a significant
CAGR over the forecast period. North America is showing in the global ethylene
carbonate market.
Segment Covered
The report on global ethylene
carbonate market covers segments such as application. On the basis of
application, the sub-markets include gas washing, lubricants, oil field,
synthesis of polycarbonate diol, lithium-ion batteries, photochromic, and other
applications.
Companies Profiled:
The report provides profiles of
the companies in the market such as BASF SE, Huntsman Corporation, Asahi Kasei
Corporation, Mitsubishi Chemical Corporation, Oriental Union Chemical
Corporation, New Japan Chemical Co., Ltd., Zibo Donghai Industries Co., Ltd.,
Toagosei Co., Ltd., Shandong Shida Shenghua Chemical Group Co., Ltd., Shandong
Senjie Chemical Co., Ltd., and Other companies.
Report Highlights:
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the ethylene carbonate market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.