According to the current analysis of Reports and Data, the global U.S. Ethylene Carbonate market was valued at USD 0.28 Billion in 2020 and is expected to reach USD 493.2 Million by year 2028, at a CAGR of 6%. The study covers the genre of chemicals and materials with special focus on the U.S. Ethylene Carbonate market. U.S. Ethylene Carbonate is an organic compound that holds the capacity of dissolving large amounts of electrolytes. It is a highly polar solvent in nature. The compound is said to have a melting point at a temperature of 39.5°C and a boiling point of 248°C. The compound can be used in various industries such as, automotive, oil and gas, medical etc. The continuous research and development to expand the domains of application of U.S. Ethylene Carbonates has been one of the factors propelling the market and increasing its demand. The rising demand for lithium batteries electrolytes are accelerating the demand for U.S. Ethylene Carbonates in the market. In addition the government policies about the fuel economy is rising the demand for lithium ion batteries. This has been a key factor for the rise in the demand. The versatility of application is one of the main factors propelling the market.
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Top Leading Players in The Global U.S. Ethylene Carbonate Market Are:
Mitsubishi Chemicals, BASF SE, Huntsman, Asahi Kasei and Toagosei Co. Ltd.
Segments covered in the report:
Form (Revenue, USD Million; 2020–2028)
- Solid
- Liquid
Application (Revenue, USD Million; 2020–2028)
- Lithium Battery Electrolytes
- Solvents
- Photochromatic applications
- Lubricants
- Plasticizers
- Medical products
- Others
End Use (Revenue, USD Million; 2020–2028)
- Medical
- Automotive
- Oil and Gas
- Personal Care
- Others
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U.S. Ethylene Carbonate Market Upcoming Growth:
The U.S. Ethylene Carbonate market is expected to witness significant growth in the coming years due to several factors, including:
- Growing demand from the battery industry: U.S. Ethylene Carbonate is used as a solvent and electrolyte in lithium-ion batteries. The increasing demand for lithium-ion batteries for electric vehicles, renewable energy storage, and consumer electronics is expected to drive the growth of the U.S. Ethylene Carbonate market in the battery industry.
- Rising demand from the pharmaceutical industry: U.S. Ethylene Carbonate is used as a solvent and excipient in the pharmaceutical industry. The increasing demand for pharmaceuticals and the growing trend towards the development of new drug delivery systems are expected to drive the growth of the U.S. Ethylene Carbonate market in this industry.
- Increasing demand from the polymer industry: U.S. Ethylene Carbonate is used as a plasticizer and solvent in the polymer industry. The increasing demand for polymers and plastics for various applications is expected to drive the growth of the U.S. Ethylene Carbonate market in this industry.
- Growing popularity of bio-based products: U.S. Ethylene Carbonate can be produced from renewable sources and is considered to be a bio-based product. The growing popularity of bio-based products is expected to drive the growth of the U.S. Ethylene Carbonate market as consumers become more environmentally conscious.
- Growing demand from the paint and coatings industry: U.S. Ethylene Carbonate is used as a solvent and additive in the paint and coatings industry. The increasing demand for paints and coatings for various applications such as automotive, construction, and industrial coatings is expected to drive the growth of the U.S. Ethylene Carbonate market in this industry.
Overall, the U.S. Ethylene Carbonate market is expected to witness significant growth in the coming years due to its diverse range of applications across various industries and increasing demand from end-use sectors.
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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