Global Ethylene Carbonate Market Revenue, Opportunity, Segment and Key Trends 2019-2025
Ethylene Carbonate Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of ethylene carbonate market by application (gas washing, lubricants, oil field, synthesis of polycarbonate diol, lithium-ion batteries, photochromic, and other applications) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the ethylene carbonate market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global ethylene carbonate market are 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. The global ethylene carbonate market is projected to grow at a CAGR of 6.4% over the forecast period of 2019-2025.
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Growing Automotive Industry in Developing Countries Drives the Growth of the 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.
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Asia-Pacific Region is Anticipated to Hold a Premium Share in the Global 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.
Ethylene Carbonate Market: Segmentation
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.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the ethylene carbonate.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.