Today's News Releases
| Submit Press Release
| Submit Website
(IndustryNews247.Com, September 21, 2020 ) The report "Ethylene Carbonate Market by Application (Lubricants, Lithium Battery Electrolytes, Plasticizers, Surface Coatings), By End-Use Industry (Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene), and Region - Global Forecast to 2025" The global ethylene carbonate market size is expected to grow from USD 319 million in 2020 to USD 439 million by 2025, at a CAGR of 6.6%, during the forecast period. The major factors driving the ethylene carbonate industry include its increasing demand from APAC and growing consumption in various applications such as lithium battery electrolytes, lubricants, coatings, and plasticizers.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=229766138
Lubricants to dominate the global ethylene carbonate market during the forecast period
The ethylene carbonate industry has been segmented based on application into lubricants, lithium battery electrolytes, plasticizers, surface coatings, and others. The lubricant segment accounted for the larger share of the market in 2019. The growth in this segment is attributed to the increasing demand from various end-use industries such as industrial and automotive. They are used in automotive engines as cooling and cleaning agents. These factors are expected to drive the demand for ethylene carbonates during the forecast period.
Automotive end-use industry segment to dominate the global ethylene carbonate market during the forecast period
The market has been segmented based on the end-use industry into automotive, industrial, medical, oil & gas, personal care & hygiene, and others. The automotive segment accounted for the largest share of the market in 2019 and is expected to witness significant growth during the forecast period. The increase in this segment is attributed to different requirements by manufacturers, such as reduced emissions of volatile organic compounds (VOCs) and durable protective surface coating on vehicles. The motorization rate has increased over the last five years because of the rise in the disposable income of people and industrial growth across the globe. These factors are expected to drive demand during the forecast period.
Don't miss out on business opportunities in Ethylene Carbonate Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=229766138
Browse in-depth TOC on "Ethylene Carbonate Market”
104 - Market Data Tables
33 - Figures
122 - Pages
APAC is expected to have the largest market size in the global ethylene carbonate industry during the forecast period
APAC is projected to be the leading ethylene carbonate market during the forecast period. The growth in the APAC region can be attributed to the rising demand for ethylene carbonate applications from various end-use industries, including industrial, automotive, and oil & gas. The presence of a robust industrial base, favorable government policies, and low labor costs along with growing demand for ethylene carbonate in the region are factors further strengthening the ethylene carbonate industry and attracting major players to invest in the region.
Oriental Union Chemical Corporation (Taiwan), Huntsman (US), BASF (Germany), Mitsubishi Chemical (Japan), and Toagosei Co., Ltd. (Japan), among others, are the key players operating in the ethylene carbonate market.
Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=229766138
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 7500 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 markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
Industrial News TV