The ethylene carbonate market share growth by the lubricants segment will be significant for revenue generation. In the automotive industry, ethylene carbonate-based lubricants are used in automotive components such as engines and reciprocating parts to reduce friction and improve their durability. The increasing demand for automotive components across the globe will drive the demand for ethylene carbonate-based lubricants during the forecast period.
The potential growth difference for the ethylene carbonate market between 2020 and 2025 is USD 105.97 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver
- Market Challenges
The ethylene carbonate market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The growing automotive production and increasing demand for plasticizers are some of the key market drivers. However, factors such as fluctuating crude oil prices will challenge market growth.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our Free Sample Report right now!
The ethylene carbonate market report is segmented by Application (lubricants, lithium battery electrolytes, solvents, photochromatic, and others) and Geography (APAC, North America, Europe, MEA, and South America). APAC will be the leading region with 42% of the market's growth during the forecast period. The increasing production of polymers will facilitate the ethylene carbonate market growth in APAC.
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned
- BASF SE
- Empower Materials Inc.
- FUJIFILM Holdings Corp.
- Huntsman Corp.
- Merck KGaA
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Nano Calcium Carbonate Market -The nano calcium carbonate market size has the potential to grow by USD 1.57 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period. Download a sample report now!
Precipitated Calcium Carbonate Market -The precipitated calcium carbonate (PCC) market has the potential to grow by 5357.10 thousand tons during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 4.75%. Download a sample report now!
Ethylene Carbonate Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 6.56% |
Market growth 2021-2025 |
USD 105.97 million |
Market structure |
Fragmented |
YoY growth (%) |
5.50 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 42% |
Key consumer countries |
China, US, Germany, Japan, and Canada |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
BASF SE, Empower Materials Inc., FUJIFILM Holdings Corp., Huntsman Corp., Merck KGaA, Mitsubishi Chemical Holdings Corp., New Japan Chemical Co. Ltd., Thermo Fisher Scientific Inc., Toagosei Co. Ltd., and Tokyo Chemical Industry Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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SOURCE Technavio
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