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Ethylene Carbonate Market

Ethylene Carbonate Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2025-2033

Ethylene Carbonate Market by Grade (Battery Grade, Electronic Grade, Industrial Grade), by Application (Lithium Battery Electrolyte, Polymers & Resins, Semiconductor, Lubricants, Others), by End-use (Automotive, Electronics, Industrial, Healthcare, Others), by By Geography (North America) Forecast 2026-2034

Oct 17 2025

Base Year: 2025

180 Pages

Ethylene Carbonate Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2025-2033

Key Insights

The Ethylene Carbonate Market size was valued at USD 150.5 USD Million in 2023 and is projected to reach USD 314.44 USD Million by 2032, exhibiting a CAGR of 11.1 % during the forecast period. Ethylene carbonate disparity is based on rising demand for various utilizations with the cyclic organic compound having an application as a solvent in industries. Ethylene carbonate is a current multi-solvent for polymers that is increasingly used in lithium-ion cell electrolytes, pharmaceuticals, and coating since it is a non-toxic solvent. The unusual features of this compound, characterized as high polarity and low viscosity, allow for the optimization of the superionic final product, which additionally improves battery performance and stability. Apart from ethylene carbonate which does not have any other distinct types, plastic grades can have different purity levels based on the intended applications. Major trends in the ethylene carbonate market are its fast-growing requirement led by the electric vehicle market and the widespread use of renewable energy storage devices. As the industry continues to look for more eco-friendly and effective energy storage solutions, ethylene carbonate (EC) is expected to play a more critical role within this sphere of power leading to even further development and growth within the sector.

Ethylene Carbonate Trends

Increasing adoption of electric vehicles
Growing demand for portable electronics
Government initiatives promoting sustainable energy solutions

Ethylene Carbonate Market Market Size and Forecast (2024-2030) — Ethylene Carbonate Market Company Market Share

Driving Forces: What's Propelling the Ethylene Carbonate Market

Expanding production capacity of lithium-ion battery manufacturers
Technological advancements in battery technology
Favorable government policies supporting electric vehicle adoption

Challenges and Restraints in Ethylene Carbonate Market

Volatility in raw material prices: Ethylene carbonate production is intrinsically linked to the price fluctuations of its key feedstocks, namely ethylene oxide and carbon dioxide. These market dynamics directly influence the profitability and cost-effectiveness of ethylene carbonate manufacturers, creating a significant challenge for maintaining stable pricing and operational efficiency.
Environmental concerns associated with ethylene carbonate production: The manufacturing processes for ethylene carbonate can involve the emission of greenhouse gases and other environmental pollutants. Increasingly stringent environmental regulations and a growing global emphasis on sustainable practices present substantial challenges for the industry, necessitating investments in cleaner production technologies and waste management.
Intense competition from alternative battery technologies: The rapid advancements in energy storage solutions are leading to the emergence of alternative battery chemistries and architectures, such as solid-state batteries and lithium-sulfur batteries. This technological diversification poses a competitive threat to the established dominance of ethylene carbonate, which is a crucial electrolyte component in current lithium-ion batteries.

Emerging Trends in Ethylene Carbonate

Development of high-purity ethylene carbonate
Use of renewable resources for ethylene carbonate production
Collaborative research on next-generation battery technologies

Growth Catalysts in Ethylene Carbonate Industry

Expanding Electric Vehicle (EV) adoption: The global surge in the adoption of electric vehicles is a primary driver for the ethylene carbonate market. As EVs increasingly replace traditional combustion engine vehicles, the demand for lithium-ion batteries, and consequently for their key electrolyte components like ethylene carbonate, is expected to grow exponentially.
Rising demand for portable electronic devices: The ubiquitous nature of smartphones, laptops, tablets, and other portable electronic devices continues to fuel the demand for compact and efficient energy storage solutions. Ethylene carbonate plays a vital role in the electrolytes of lithium-ion batteries powering these devices, contributing to sustained market growth.
Government initiatives and favorable policies for battery manufacturing: Governments worldwide are actively promoting the development and production of batteries through various incentives, subsidies, and favorable policy frameworks. These measures aim to strengthen domestic battery manufacturing capabilities and support the transition to cleaner energy sources, thereby boosting the demand for essential battery raw materials like ethylene carbonate.
Advancements in electrolyte formulations: Ongoing research and development efforts are focused on enhancing the performance and safety of lithium-ion battery electrolytes. Ethylene carbonate, known for its high dielectric constant and ability to dissolve lithium salts, is a key ingredient being optimized and blended with other solvents to achieve improved conductivity, wider operating temperature ranges, and enhanced lifespan for batteries.
Growth in energy storage systems (ESS): Beyond electric vehicles and portable electronics, the deployment of large-scale energy storage systems for grid stabilization, renewable energy integration, and backup power is gaining momentum. These systems heavily rely on lithium-ion battery technology, further increasing the market demand for ethylene carbonate.

Market Segmentation: Ethylene Carbonate Analysis

Grade:

Battery Grade
Electronic Grade
Industrial Grade

Application:

Lithium Battery Electrolyte
Polymers & Resins
Semiconductor
Lubricants
Others

End-use:

Automotive
Electronics
Industrial
Healthcare
Others

Leading Players in the Ethylene Carbonate Market

BASF SE (Germany)
Huntsman International LLC (U.S.)
Indorama Ventures Public Company Limited (Thailand)
Lotte Chemical (South Korea)
Mitsubishi Chemical Group Corporation (Japan)
Hi-Tech Spring (China)
Oriental Union Chemical Corporation (OUCC) (Taiwan)
Shanddong Haike Chemical Group (China)
Toagosei Co., Ltd. (Japan)

Significant developments in Ethylene Carbonate Sector

August 2022: Indorama Ventures Public Company Limited (IVL) partnered with Capchem Technology USA Inc. to establish a new lithium-ion battery solvents plant on the U.S. Gulf Coast.
January 2022: Shida Shenghua established a new production facility with an annual production capacity of 120 kilotons.

Comprehensive Coverage Ethylene Carbonate Market Report

This market report provides comprehensive coverage of the following aspects:

Market Dynamics
Market Segmentation
Competitive Landscape
Key Developments
Future Outlook

Regional Insight

Asia Pacific: The region holds a dominant share in the ethylene carbonate market due to the presence of major battery manufacturers and the rapid adoption of electric vehicles.
North America: The region has a growing demand for ethylene carbonate driven by the expansion of the automotive industry and the popularity of electric cars.
Europe: Europe is witnessing steady growth in the ethylene carbonate market as a result of government incentives for electric vehicles and renewable energy.
Middle East and Africa: Emerging markets in this region are showing promising growth potential for ethylene carbonate as countries invest in renewable energy and electric transportation.
South America: The region has a modest share in the ethylene carbonate market but is expected to experience growth as the demand for electric vehicles rises.

Ethylene Carbonate Market Market Share by Region - Global Geographic Distribution — Ethylene Carbonate Market Regional Market Share

Consumer Side Analysis

Consumer preferences and buying patterns
Demographic analysis
Regional consumption trends

Demand Side Analysis

Industry demand drivers and restraints
End-use industry analysis
Seasonality and cyclical factors

Import And Export Analysis

Global import and export trends
Key import and export countries
Trade barriers and regulations

Pricing Strategies

Pricing analysis
Cost structure analysis
Competitive pricing strategies

Segmentation

Market segmentation by grade (Battery Grade), (Electronic Grade) application, end-use, and region

Geographic Coverage of Ethylene Carbonate Market

Higher Coverage

Lower Coverage

No Coverage

Ethylene Carbonate Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 11.1% from 2020-2034
Segmentation	By Grade Battery Grade Electronic Grade Industrial Grade By Application Lithium Battery Electrolyte Polymers & Resins Semiconductor Lubricants Others By End-use Automotive Electronics Industrial Healthcare Others By Geography By Geography North America

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. Lithium Ion Battery and Supercapacitor to Act as a Growth Engine for the Market Expansion
- - 3.3. Market Restrains
  - - 3.3.1. Environmental Concerns Associated With Conventional Production Method May Hamper the Supply Demand Equation during Mid-Term Forecast
- - 3.4. Market Trends
  - - 3.4.1. Trend of Vehicle Electrification to Drive Market Growth
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Global Ethylene Carbonate Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Grade
  - 5.1.1. Battery Grade
  - 5.1.2. Electronic Grade
  - 5.1.3. Industrial Grade
- 5.2. Market Analysis, Insights and Forecast - by Application
  - 5.2.1. Lithium Battery Electrolyte
  - 5.2.2. Polymers & Resins
  - 5.2.3. Semiconductor
  - 5.2.4. Lubricants
  - 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast - by End-use
  - 5.3.1. Automotive
  - 5.3.2. Electronics
  - 5.3.3. Industrial
  - 5.3.4. Healthcare
  - 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast - by Region
  - 5.4.1. By Geography
6. Competitive Analysis
- 6.1. Global Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 BASF SE (Germany)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Huntsman International LLC (U.S.)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 Indorama Ventures Public Company Limited (Thailand)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Lotte Chemical (South Korea)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 Mitsubishi Chemical Group Corporation (Japan)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Hi-Tech Spring (China)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Oriental Union Chemical Corporation (OUCC) (Taiwan)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 Shandong Haike Chemical Group (China)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 Shandong Shida Shenghua Chemical Group Co. Ltd. (China)
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 Toagosei Co. Ltd. (Japan)
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)

List of Figures

Figure 1: Global Ethylene Carbonate Market Revenue Breakdown (USD Million, %) by Region 2025 & 2033
Figure 2: Global Ethylene Carbonate Market Volume Breakdown (Kilotons, %) by Region 2025 & 2033
Figure 3: By Geography Ethylene Carbonate Market Revenue (USD Million), by Grade 2025 & 2033
Figure 4: By Geography Ethylene Carbonate Market Volume (Kilotons), by Grade 2025 & 2033
Figure 5: By Geography Ethylene Carbonate Market Revenue Share (%), by Grade 2025 & 2033
Figure 6: By Geography Ethylene Carbonate Market Volume Share (%), by Grade 2025 & 2033
Figure 7: By Geography Ethylene Carbonate Market Revenue (USD Million), by Application 2025 & 2033
Figure 8: By Geography Ethylene Carbonate Market Volume (Kilotons), by Application 2025 & 2033
Figure 9: By Geography Ethylene Carbonate Market Revenue Share (%), by Application 2025 & 2033
Figure 10: By Geography Ethylene Carbonate Market Volume Share (%), by Application 2025 & 2033
Figure 11: By Geography Ethylene Carbonate Market Revenue (USD Million), by End-use 2025 & 2033
Figure 12: By Geography Ethylene Carbonate Market Volume (Kilotons), by End-use 2025 & 2033
Figure 13: By Geography Ethylene Carbonate Market Revenue Share (%), by End-use 2025 & 2033
Figure 14: By Geography Ethylene Carbonate Market Volume Share (%), by End-use 2025 & 2033
Figure 15: By Geography Ethylene Carbonate Market Revenue (USD Million), by Country 2025 & 2033
Figure 16: By Geography Ethylene Carbonate Market Volume (Kilotons), by Country 2025 & 2033
Figure 17: By Geography Ethylene Carbonate Market Revenue Share (%), by Country 2025 & 2033
Figure 18: By Geography Ethylene Carbonate Market Volume Share (%), by Country 2025 & 2033

List of Tables

Table 1: Global Ethylene Carbonate Market Revenue USD Million Forecast, by Grade 2020 & 2033
Table 2: Global Ethylene Carbonate Market Volume Kilotons Forecast, by Grade 2020 & 2033
Table 3: Global Ethylene Carbonate Market Revenue USD Million Forecast, by Application 2020 & 2033
Table 4: Global Ethylene Carbonate Market Volume Kilotons Forecast, by Application 2020 & 2033
Table 5: Global Ethylene Carbonate Market Revenue USD Million Forecast, by End-use 2020 & 2033
Table 6: Global Ethylene Carbonate Market Volume Kilotons Forecast, by End-use 2020 & 2033
Table 7: Global Ethylene Carbonate Market Revenue USD Million Forecast, by Region 2020 & 2033
Table 8: Global Ethylene Carbonate Market Volume Kilotons Forecast, by Region 2020 & 2033
Table 9: Global Ethylene Carbonate Market Revenue USD Million Forecast, by Grade 2020 & 2033
Table 10: Global Ethylene Carbonate Market Volume Kilotons Forecast, by Grade 2020 & 2033
Table 11: Global Ethylene Carbonate Market Revenue USD Million Forecast, by Application 2020 & 2033
Table 12: Global Ethylene Carbonate Market Volume Kilotons Forecast, by Application 2020 & 2033
Table 13: Global Ethylene Carbonate Market Revenue USD Million Forecast, by End-use 2020 & 2033
Table 14: Global Ethylene Carbonate Market Volume Kilotons Forecast, by End-use 2020 & 2033
Table 15: Global Ethylene Carbonate Market Revenue USD Million Forecast, by Country 2020 & 2033
Table 16: Global Ethylene Carbonate Market Volume Kilotons Forecast, by Country 2020 & 2033
Table 17: North America Ethylene Carbonate Market Revenue (USD Million) Forecast, by Application 2020 & 2033
Table 18: North America Ethylene Carbonate Market Volume (Kilotons) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Ethylene Carbonate Market?

The projected CAGR is approximately 11.1%.

2. Which companies are prominent players in the Ethylene Carbonate Market?

Key companies in the market include BASF SE (Germany), Huntsman International LLC (U.S.), Indorama Ventures Public Company Limited (Thailand), Lotte Chemical (South Korea), Mitsubishi Chemical Group Corporation (Japan), Hi-Tech Spring (China), Oriental Union Chemical Corporation (OUCC) (Taiwan), Shandong Haike Chemical Group (China), Shandong Shida Shenghua Chemical Group Co. Ltd. (China), Toagosei Co., Ltd. (Japan).

3. What are the main segments of the Ethylene Carbonate Market?

The market segments include Grade, Application, End-use.

4. Can you provide details about the market size?

The market size is estimated to be USD 150.5 USD Million as of 2022.

5. What are some drivers contributing to market growth?

Lithium Ion Battery and Supercapacitor to Act as a Growth Engine for the Market Expansion.

6. What are the notable trends driving market growth?

Trend of Vehicle Electrification to Drive Market Growth.

7. Are there any restraints impacting market growth?

Environmental Concerns Associated With Conventional Production Method May Hamper the Supply Demand Equation during Mid-Term Forecast.

8. Can you provide examples of recent developments in the market?

August 2022: Under its Vision 2030, Indorama Ventures Public Company Limited (IVL) partnered with Capchem Technology USA Inc. to establish a new lithium-ion battery solvents plant on the U.S. Gulf Coast.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Million and volume, measured in Kilotons.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Ethylene Carbonate Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Ethylene Carbonate Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Ethylene Carbonate Market?

To stay informed about further developments, trends, and reports in the Ethylene Carbonate Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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