LONDON, March 8, 2018 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/5353240
The global ethylene carbonate market is projected to grow from USD 264.8 million in 2017 to USD 355.1 million by 2022, at a CAGR of 6.0% in terms of value from 2017 to 2022. The growth of automotive, electronics, medical, and energy industries is driving the ethylene market. However, volatility in prices of raw materials poses a risk for ethylene carbonate manufacturers as it is expected to bring down their profit margins
The lubricants segment is expected to lead the ethylene carbonate market during the forecast period.
The lubricants segment of the ethylene carbonate market is expected to lead the ethylene carbonate market during the forecast period. Ethylene carbonate is used as a lubricant stabilizer in the automotive industry. Consumer awareness about the advantages of the synthetic lubricants over the conventional lubricants in developed countries of North America and Western Europe is also driving the lubricants segment
The automotive segment is expected to lead the ethylene carbonate market during the forecast period.
The automotive segment is expected to lead the ethylene carbonate market during the forecast period. Ethylene carbonate is used as a coating agent in the automotive industry. Ethylene carbonate based products, such as lithium ion electrolyte is used in electric vehicles to transport the positive lithium ion between cathode and anode which helps in storing the power for the longer duration of time.
The ethylene carbonate market in Asia Pacific is projected to grow at the highest CAGR during the forecast period.
In terms of volume, the ethylene carbonate market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. Asia Pacific is the largest market for ethylene carbonate, globally. Countries such as China, Japan, South Korea, and Taiwan in Asia Pacific, are global hubs for automobile manufacturing, which use ethylene carbonate in various applications such as surface coatings and lithium-ion batteries.
Extensive primary interviews were conducted in the process of determining and verifying the sizes of various segments and subsegments of the ethylene carbonate market obtained through secondary research. The breakdown of primaries is provided as follows:
• By Company Type: Tier 1 - 72%, Tier 2 - 25%, and Tier 3 - 3%
• By Designation: C level - 24% and Manager Level - 76%
• By Region: North America - 20%, Europe - 50%, Asia Pacific - 25%, and Rest of the World - 5%
Key players profiled in the report include Oriental Union Chemical Corporation (Taiwan), BASF (Germany), Mitsubishi Chemical (Japan), Huntsman Corporation (US), and Toagosei (Japan).
This report covers the ethylene carbonate market, both in terms of value and volume and forecasts the market size till 2022. The report includes the market segmentation on the basis of application, end-use industry, and region. It also provides detailed information about the key market players and competitive strategies adopted by them to strengthen their position in the ethylene carbonate market.
Key Benefits of Buying this Report:
This research report is focused on various levels of analysis—industry trends, market share analysis of key players, supply chain analysis, and company profiles. These insights together comprise and discuss the overall view on the competitive landscape, emerging and high-growth segments of the ethylene carbonate market, high-growth regions, and drivers, restraints, and opportunities influencing the growth of the ethylene carbonate market.
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