Ethylene carbonate is a cyclic organic compound obtained by reaction between ethylene oxide and carbon dioxide in presence of a catalyst. This carbonate ester of ethylene glycol and carbonic acid is a colorless, compound which finds a variety of applications across a diverse set of industries.
It is characterized by relatively higher polarity, better solubility, higher boiling point as compared to that of some of the other conventionally used solvents, low toxicity, and is odorless. These characteristics render it an ideal solvent.
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Ethylene carbonate is used as an electrolytic solvent for lithium-ion batteries, as solvent for coatings, dyes, cross-linking agent for super-absorbent polymers, plastics production, as a plasticizer and as an intermediate in production of polycarbonate diols, among other applications. These application are further gaining traction in numerous number of end user industries such as automotive, oil & gas, medical and more.
In modern scenario numerous industries are questing their way towards alternate sources of energy. Lithium ion batteries are gaining traction in numerous number of industries such as Automotive, consumer electronics due to their positive attributes.
These batteries are more efficient than conventional lead batteries, requires less amount of charging time and, lighter than lead acid batteries and many more. With these attributes the demand for lead acid kept on increasing day by day which in turn increases the demand for electrolytes with better efficacy.
Reasons for Covering this Title
The market behavior for the ethylene carbonate is remain positive as it showed firm growth in 2017 in terms of value and the same trend is expected to be followed in the near future. The growth can be attributed by the increased consumption of ethylene carbonate in numerous end user industries.
There is a need of energy density and high power coupled with increasing demand for electrical vehicles which further increases the consumption of lithium ion batteries across the globe. Also strict government instructions for fuel economy, attraction towards smart electronics, and recent development in Lithium ion batteries creates the opportunity for ethylene carbonate.
As automotive production is kept on rising the demand is generated for effective surface coating solutions which can provide low levels of Volatile organic compound emission and durability & resistance against chemicals, water and harsh weather conditions.
Opportunity-Growing Adoption of Novel Technologies in Lithium ion Batteries
As consumer behavior is shifting towards the usage of Electric vehicle. The demand for Lithium Ion batteries are sky rocketed in last few years which in turn the demand lithium ion electrolytes. But there are some factors such as overheating, big size, and inadequate charging structure may restrain the Lithium Ion batteries market. In order to address these industry challenges lithium ion manufacturers are intensifying their R&D infrastructure and adopting new technologies which further provides inevitable opportunities for ethylene carbonate manufacturers
Regional Market Outlook
The ethylene carbonate market is segmented into the following regions — North America, Latin America, Western Europe, Eastern Europe, South East Asia-Pacific, China, Japan, India and the Middle East and Africa. With growing population and economic conditions China and India are one of the fastest growing region across the globe.
Countries in South East Asia such as Taiwan, South Korea and ASEAN also showing firm growth as increase in number of coating manufacturers. Western Europe and Japan with increased number of Electric vehicle production enables growing consumption of ethylene carbonate. Rising consumer awareness for the usage of synthetic fibers drives the demand for Ethylene carbonate in North America Region.
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Key Data Points Covered in the Report
Some of the key data points covered in our report include:
- An overview of the Cathodic Protection market, including background and evolution
- Macroeconomic factors affecting the Cathodic Protection market and its potential
- Market dynamics, such as drivers, challenges and trends
- Detailed value chain analysis of the Cathodic Protection market
- Cost structure of the products and segments covered in the global Cathodic Protection market
- In-depth pricing analysis, by key product segments, regions and by major Cathodic Protection market participants
- Analysis of supply and demand, such as top product producing and consuming geographies, product imports/exports, exchange of services and overall trade scenario in the global Cathodic Protection market
- Analysis of the global Cathodic Protection market structure, including a tier-wise categorization of key Cathodic Protection market participants
- Competitive landscape of the market, including detailed profiles of the top players in the Cathodic Protection market
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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