Industrial, Manufacturing & Heavy Industry Market News

Ethylene carbonate market worth 355.1 million USD by 2022

Industrial Market Research

The global ethylene carbonate market is projected to grow from USD 264.8 Million in 2017 to USD 355.1 Million by 2022, at a CAGR of 6.0% in terms of value from 2017 to 2022.

- Advertising -

The report "Ethylene Carbonate Market by Application (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings), End-use Industry (Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene), and Region - Global Forecast to 2022",

The increase in demand for high-quality ethylene carbonate produced by various companies such as Huntsman, BASF, and Mitsubishi Chemical, is the key factor driving the ethylene carbonate market.

Access report at www.marketsandmarkets.com/Market-R…et-229766138.html

 

The lubricants segment is projected to lead the ethylene carbonate market 2017 to 2022.

- Advertising -

In terms of value, the lubricants segment is projected to lead the ethylene carbonate market during the forecast period. The increasing demand for ethylene carbonate from various end-use industries, such as industrial and automotive is driving the lubricants segment.

Lubricants are used in automotive engines for collecting, cleaning, and cooling the engine of a vehicle.

Access report at: www.marketsandmarkets.com/pdfdownload.asp?id=229766138

Among applications, the automotive segment is projected to grow at the highest CAGR during the forecast period.

The automotive segment of the ethylene carbonate is projected to grow at the highest CAGR during the forecast period, in terms of value. Increasing demand for ethylene carbonate in the automotive industry is driving the growth of this segment.

Reduced emissions of Volatile Organic Compounds (VOCs) and durable protective surface coating on vehicles makes ethylene carbonate preferable in the automotive industry. There has been a consistent rise in the number of vehicles in use in Asia Pacific, Europe, and North America over the past decade, which is fueling the demand for ethylene carbonate.

Asia Pacific is projected to lead the global methacrylate monomers market during the forecast period.

Asia Pacific is projected to be the largest market for ethylene carbonate during the forecast period. Asia Pacific has emerged as the leading customer of ethylene carbonate, owing to the increasing demand from various applications in the region, increasing disposable income, and easy access to raw materials due to efficient distribution channels.

The growth of the ethylene carbonate market in the Asia Pacific region is mainly driven by China, which is experiencing substantial growth fueled by rising investments to establish manufacturing facilities for ethylene carbonate in the country. The growth of oil & gas, industrial, and automotive industries is also driving the market for ethylene carbonate in this region.

Access Sample Report: www.marketsandmarkets.com/requests….asp?id=229766138

Key players profiled in the report are Oriental Union Chemical Corporation (Taiwan), Huntsman (US), BASF (Germany), Mitsubishi Chemical (Japan), and Toagosei Co., Ltd. (Japan).

News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
This email address is being protected from spambots. You need JavaScript enabled to view it.