エチレンカーボネート市場規模、セグメント分析、2032年までの世界予測

Ethylene Carbonate Market - Global Forecast To 2032

エチレンカーボネート市場 - 用途(リチウム電池用電解液、潤滑剤、表面コーティング、可塑剤)、最終用途産業(自動車、工業、石油・ガス、医療、パーソナルケア・衛生)、地域別 - 2032年までの世界予測
Ethylene Carbonate Market by Application (Lithium Battery Electrolytes, Lubricants, Surface Coatings, Plasticizers), End-use Industry (Automotive, Industrial, Oil & Gas, Medical, Personal Care & Hygiene), and Region - Global Forecast to 2032

商品番号 : SMB-20770

出版社MarketsandMarkets
出版年月2025年9月
ページ数235
図表数320
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、エチレンカーボネート市場を形態、用途、最終用途産業、地域に基づいて定義、セグメント化し、予測しています。市場の成長に影響を与える主な要因(促進要因、制約要因、機会、課題など)に関する詳細な情報を提供しています。エチレンカーボネートメーカーを戦略的にプロファイリングし、市場シェアとコアコンピタンスを徹底的に分析するとともに、事業拡大や提携といった市場における競争力強化策を監視・分析しています。

本レポートは、エチレンカーボネート市場とそのセグメントの収益に関する最も正確な推定値を提供することで、市場リーダーと新規参入企業を支援することを目的としています。また、市場関係者が市場の競争環境をより深く理解し、ビジネスポジションを強化するための洞察を得て、効果的な市場開拓戦略を策定できるよう支援します。さらに、市場の最新動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供します。

世界のエチレンカーボネート市場は、2025年の10億3,000万米ドルから2032年には21億4,000万米ドルに拡大し、予測期間中に年平均成長率(CAGR)11.0%で成長すると予測されています。この成長は主に、電気自動車(EV)、家電製品、再生可能エネルギー貯蔵システムにおけるリチウムイオン電池の需要増加に牽引されています。これらの用途では、エチレンカーボネートが主要な電解質溶媒として機能し、イオン伝導性、安定性、電池寿命を向上させます。厳格な排出規制とEV導入に対する政府の優遇措置に支えられたクリーンエネルギーと輸送手段への移行は、消費を大幅に押し上げます。さらに、産業成長を背景に、潤滑油、コーティング剤、プラスチックへの用途拡大も市場拡大に貢献しています。アジアにおける費用対効果の高い生産体制の整備と電池技術の継続的な進歩は、エチレンカーボネートの世界的な需要をさらに押し上げています。

The global ethylene carbonate market is expected to grow from USD 1.03 billion in 2025 to USD 2.14 billion by 2032, with a CAGR of 11.0% during the forecast period. This growth is mainly driven by the increasing demand for lithium-ion batteries in electric vehicles (EVs), consumer electronics, and renewable energy storage systems, where the compound acts as a key electrolyte solvent, improving ion conductivity, stability, and battery lifespan. The shift toward clean energy and transportation, supported by strict emission regulations and government incentives for EV adoption, significantly boosts consumption. Additionally, expanding applications in lubricants, coatings, and plastics—spurred by industrial growth—contribute to market expansion. The availability of cost-effective production in Asia and ongoing advancements in battery technology further propel worldwide demand for ethylene carbonate.

エチレンカーボネート市場規模、セグメント分析、2032年までの世界予測
ethylene-carbonate-market-Overview

“The solid segment, by form, is likely to account for the second-largest share during the forecast period”.

The solid segment is projected to hold the second largest share of the ethylene carbonate market during the forecast period. Solid ethylene carbonate is highly valued for its stability, ease of handling, and high purity, making it suitable for various industrial uses. It is widely used as an intermediate in the production of lubricants, plasticizers, surface coatings, and specialized chemical formulations. In the lithium-ion battery industry, solid ethylene carbonate is often favored in high-performance electrolyte formulations that require precise control over purity and composition. Additionally, its role as a solvent and crosslinking agent in polymer processing, adhesives, and sealants supports steady demand from manufacturing sectors. While growth in this segment may be slower than in the liquid form, due to the latter’s dominance in EV battery applications, the versatility, storage stability, and niche application suitability of the solid form ensure it maintains a significant market share throughout the forecast period.

エチレンカーボネート市場規模、セグメント分析、2032年までの世界予測 - 地域
ethylene-carbonate-market-Region

“Lithium battery electrolytes, by application, account for the larger share of the ethylene carbonate market primarily due to growing demand for lithium-ion batteries.”

Lithium battery electrolytes dominate the ethylene carbonate market, mainly driven by the rising demand for lithium-ion batteries across various industries. Ethylene carbonate is a vital high-permittivity solvent in these batteries, allowing efficient ion movement and creating stable solid electrolyte interphases (SEI) that boost battery performance, safety, and lifespan. The fastest-growing segment is fueled by the widespread adoption of electric vehicles (EVs), supported by decarbonization efforts, strict emission standards, and government incentives. Furthermore, the booming consumer electronics sector, including smartphones, laptops, tablets, and wearables, continues to increase the need for reliable, high-energy-density batteries. In addition, the growing use of renewable energy storage systems in power grids is broadening the application of lithium-ion batteries in stationary settings. As global investments in battery manufacturing—especially in the Asia-Pacific—continue to rise, the demand for ethylene carbonate in lithium battery electrolytes is expected to stay dominant throughout the forecast period.

Profile break-up of primary participants for the report:

  • By Company Type: Tier 1 – 55%, Tier 2 – 30%, and Tier 3 – 15%
  • By Designation: C-level – 21%, Director Level – 23%, and Others – 56%
  • By Region: North America – 45%, Europe – 27%, Asia Pacific – 15%, Middle East & Africa – 6%, and South America – 7%

Mitsubishi Chemical Group Corporation (Japan), Huntsman International LLC (US), TAOGOSEI CO., LTD. (Japan), Shinghwa Advanced Material Group Co., Ltd. (China), and BASF (Germany) are among the leading companies in the ethylene carbonate market. These companies have pursued partnerships and expansion strategies to grow their market share and increase revenue.

エチレンカーボネート市場規模、セグメント分析、2032年までの世界予測 - 対象となる企業
ethylene-carbonate-market-Ecosystem

Research Coverage:

The report defines, segments, and forecasts the ethylene carbonate market based on form, application, end-use industry, and region. It offers detailed information about the main factors affecting the market’s growth, such as drivers, restraints, opportunities, and challenges. It strategically profiles ethylene carbonate manufacturers, thoroughly analyzes their market share and core competencies, and monitors and examines competitive developments they undertake in the market, such as expansions and partnerships.

Reasons to Buy the Report:

The report aims to assist market leaders and new entrants by offering the most accurate estimates of revenue figures for the ethylene carbonate market and its segments. It is also designed to help stakeholders better understand the market’s competitive landscape, gain insights to strengthen their business positions, and develop effective go-to-market strategies. Additionally, it enables stakeholders to grasp the market’s current trends and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following points:

  • Analysis of key drivers (growing demand in lithium-ion battery electrolyte and lubricant applications, massive industrial growth in Asia Pacific and Africa), restraints (volatility of raw materials prices, use of highly toxic raw materials in production of ethylene carbonate), opportunities (emergence of lithium-sulfur batteries, increasing use of bio-based plasticizers), and challenges (fluctuating oil & gas prices) influencing the growth of the ethylene carbonate market
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities in the ethylene carbonate market
  • Market Development: Comprehensive information about lucrative markets – the report analyzes the ethylene carbonate market across varied regions
  • Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the industrial market
  • Competitive Assessment: A detailed analysis of market shares, growth strategies, and product offerings of leading companies such as Mitsubishi Chemical Group Corporation (Japan), Huntsman International LLC (U.S.), TOAGOSEI CO., LTD. (Japan), Shinghwa Advanced Material Group Co., Ltd. (China), Dubi Chem (UAE), ZIBO DONGHAI INDUSTRIES CO., LTD. (China), Tokyo Chemical Industry Co., Ltd. (China), Empower Materials (U.S.), Merck KGaA (Germany), BASF (Germany), FUJIFILM Wako Pure Chemical Corporation (Japan), Vizag Chemical (India), Junsei Chemical Co., Ltd. (Japan), Shandong Lixing Advanced Material Co., Ltd. (China), Zhengzhou Meiya Chemical Products Co., Ltd. (China), Indorama Ventures Public Company Limited (Thailand), LOTTE Chemical Corporation (South Korea), Ichimaru Co., Ltd. (Japan), Asahi Kasei Corporation (Japan), Yingkou Hengyang New Energy Chemical Co., Ltd. (China), and others in the ethylene carbonate market.

Table of Contents

1               INTRODUCTION              24

1.1           STUDY OBJECTIVES       24

1.2           MARKET DEFINITION   24

1.3           MARKET SCOPE                25

1.3.1        INCLUSIONS & EXCLUSIONS OF STUDY 25

1.3.2        YEARS CONSIDERED      26

1.3.3        CURRENCY CONSIDERED            26

1.3.4        UNITS CONSIDERED      26

1.4           STAKEHOLDERS               26

1.5           SUMMARY OF CHANGES               27

2               RESEARCH METHODOLOGY       28

2.1           RESEARCH DATA              28

2.1.1        SECONDARY DATA          29

2.1.1.1    Key data from secondary sources       29

2.1.2        PRIMARY DATA 30

2.1.2.1    Key data from primary sources           30

2.1.2.2    Key industry insights           30

2.1.2.3    Breakdown of primary interviews      31

2.1.2.4    List of participating companies for primary research     31

2.2           MARKET SIZE ESTIMATION         31

2.3           BASE NUMBER CALCULATION   33

2.3.1        SUPPLY-SIDE APPROACH             33

2.4           DATA TRIANGULATION                33

2.5           GROWTH RATE ASSUMPTIONS/GROWTH FORECAST                 34

2.6           ASSUMPTIONS  35

2.7           RISK ASSESSMENT           36

2.8           RESEARCH LIMITATIONS             36

3               EXECUTIVE SUMMARY  37

4               PREMIUM INSIGHTS       41

4.1           ATTRACTIVE OPPORTUNITIES IN ETHYLENE CARBONATE MARKET   41

4.2           ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION AND COUNTRY   42

4.3           ETHYLENE CARBONATE MARKET: MAJOR COUNTRIES                 42

5               MARKET OVERVIEW       43

5.1           INTRODUCTION              43

5.2           MARKET DYNAMICS       43

5.2.1        DRIVERS               44

5.2.1.1    Growing demand in lithium-ion battery electrolyte and lubricant applications           44

5.2.1.2    Massive industrial growth in Asia Pacific and Africa      44

5.2.2        RESTRAINTS      45

5.2.2.1    Volatility of raw materials prices        45

5.2.2.2    Use of highly toxic raw materials in production of ethylene carbonate                45

5.2.3        OPPORTUNITIES              46

5.2.3.1    Emergence of lithium-sulfur batteries               46

5.2.3.2    Increasing use of bio-based plasticizers            46

5.2.4        CHALLENGES    46

5.2.4.1    Fluctuating oil & gas prices 46

5.3           PORTER’S FIVE FORCES ANALYSIS            47

5.3.1        BARGAINING POWER OF SUPPLIERS       48

5.3.2        BARGAINING POWER OF BUYERS             48

5.3.3        THREAT OF SUBSTITUTES          49

5.3.4        THREAT OF NEW ENTRANTS      49

5.3.5        INTENSITY OF COMPETITIVE RIVALRY 50

5.4           VALUE CHAIN ANALYSIS               50

5.5           ECOSYSTEM ANALYSIS  52

5.6           PRICING ANALYSIS          53

5.6.1        PRICING RANGE OF KEY PLAYERS            53

5.7           PATENT ANALYSIS          54

5.7.1        METHODOLOGY              54

5.7.2        PATENT PUBLICATION TRENDS               55

5.7.3        INSIGHTS            55

5.7.4        JURISDICTION ANALYSIS              56

5.7.4.1    List of major patents            56

5.8           CASE STUDY ANALYSIS 59

5.8.1        COMPARATIVE STUDY OF ETHYLENE CARBONATE-BASED ELECTROLYTE DECOMPOSITION AT LI, CA, AND AL ANODE INTERFACES      59

5.8.1.1    Objective                59

5.8.1.2    Challenge               59

5.8.1.3    Solution statement                60

5.8.1.4    Result     60

5.8.2        TEMPERATURE-RESOLVED CRYSTAL STRUCTURE OF ETHYLENE CARBONATE               60

5.8.2.1    Objective                60

5.8.2.2    Challenge               60

5.8.2.3    Solution statement                60

5.8.2.4    Result     61

5.8.3        HYDROLYSIS OF ETHYLENE CARBONATE WITH WATER AND HYDROXIDE UNDER BATTERY OPERATING CONDITIONS                 61

5.8.3.1    Objective                61

5.8.3.2    Challenge               61

5.8.3.3    Solution statement                61

5.8.3.4    Result     61

5.9           INVESTMENT & FUNDING SCENARIO     62

5.10         TRADE ANALYSIS             62

5.10.1      IMPORT SCENARIO (HS CODE 290121)    62

5.10.2      EXPORT SCENARIO (HS CODE 290121)    63

5.11         KEY STAKEHOLDERS AND BUYING CRITERIA     64

5.11.1      KEY STAKEHOLDERS IN BUYING PROCESS           64

5.11.2      BUYING CRITERIA           65

5.12         KEY CONFERENCES & EVENTS IN 2025–2026          66

5.13         REGULATORY LANDSCAPE         66

5.13.1      INTRODUCTION              66

5.13.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND

OTHER ORGANIZATIONS             66

5.14         TECHNOLOGY ANALYSIS             69

5.14.1      KEY TECHNOLIGIES       69

5.14.1.1  Epoxidation of ethylene       69

5.14.1.2  Direct synthesis via urea alcoholysis 69

5.14.1.3  Electrochemical reduction  69

5.14.2      ADJACENT TECHNOLIGIES         69

5.14.2.1  Carbon capture and utilization           69

5.14.2.2  Biomass to chemicals           70

5.14.2.3  Advanced catalysis                70

5.14.3      COMPLEMENTARY TECHNOLIGIES         70

5.14.3.1  Catalyst regeneration techniques       70

5.14.3.2  Heat recovery systems         70

5.14.3.3  Process simulation software                70

5.15         TRENDS/DISRUPTIONS IMPACTING BUSINESS 71

5.16         MACROECONOMIC OUTLOOK  71

5.16.1      GDP       72

5.17         IMPACT OF ARTIFICIAL INTELLIGENCE (AI) ON ETHYLENE CARBONATE MARKET            73

5.18         IMPACT OF 2025 US TARIFF – ETHYLENE CARBONATE MARKET               74

5.18.1      KEY TARIFF RATES          74

5.18.2      PRICE IMPACT ANALYSIS             74

5.18.3      IMPACT ON COUNTRY/REGION                74

5.18.3.1  US           74

5.18.3.2  Europe   75

5.18.3.3  Asia Pacific            75

5.18.4      IMPACT ON END-USE INDUSTRIES          75

5.18.4.1  Automotive            75

5.18.4.2  Industrial                75

5.18.4.3  Oil & gas                75

5.18.4.4  Medical  76

5.18.4.5  Personal care & hygiene      76

5.18.4.6  Other end-use industries    76

6               ETHYLENE CARBONATE MARKET, BY FORM       77

6.1           INTRODUCTION              77

6.2           SOLID   77

6.2.1        USE IN MULTIPLE APPLICATIONS TO DRIVE MARKET                 77

6.3           LIQUID 77

6.3.1        GROWING USE IN LITHIUM-ION BATTERY ELECTROLYTES TO PROPEL MARKET    77

7               ETHYLENE CARBONATE MARKET, BY GRADE    78

7.1           INTRODUCTION              78

7.2           BATTERY GRADE             78

7.2.1        GROWTH OF EV INDUSTRY TO DRIVE MARKET 78

7.3           ELECTRONIC GRADE     78

7.3.1        INCREASING ADOPTION OF RECHARGEABLE BATTERIES IN PORTABLE ELECTRONICS TO PROPEL MARKET                 78

7.4           INDUSTRIAL GRADE       79

7.4.1        INCREASING DEMAND FOR LUBRICANTS AND CHEMICAL INTERMEDIATES

IN MANUFACTURING INDUSTRY TO DRIVE MARKET      79

8               ETHYLENE CARBONATE MARKET, BY APPLICATION                 80

8.1           INTRODUCTION              81

8.2           LITHIUM BATTERY ELECTROLYTES        83

8.2.1        INCREASING DEMAND FOR ELECTRIC VEHICLE BATTERIES TO DRIVE MARKET 83

8.3           LUBRICANTS     84

8.3.1        INCREASED USE IN VARIOUS INDUSTRIES TO SUPPORT ADOPTION         84

8.4           SURFACE COATINGS      86

8.4.1        INCREASING USE IN END-USE INDUSTRIES TO DRIVE MARKET               86

8.5           PLASTICIZERS   88

8.5.1        INCREASED PRODUCTION OF POLYVINYL CARBONATE AND FLEXIBLE

VINYL PRODUCTS TO SUPPORT MARKET GROWTH        88

8.6           OTHER APPLICATIONS 89

9               ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY           92

9.1           INTRODUCTION              93

9.2           AUTOMOTIVE   94

9.2.1        RISING ADOPTION OF ELECTRIC VEHICLES AND SURGING DEMAND FOR LITHIUM-ION BATTERIES TO DRIVE MARKET               94

9.3           INDUSTRIAL      95

9.3.1        RAPID INFRASTRUCTURE DEVELOPMENT TO DRIVE DEMAND             95

9.4           OIL & GAS            96

9.4.1        INCREASING INVESTMENTS IN CHEMICAL & PETROCHEMICAL PROJECTS

TO SUPPORT MARKET GROWTH              96

9.5           MEDICAL             97

9.5.1        INCREASED USAGE IN MEDICAL DIAGNOSIS AS NANOPARTICLES

TO PROPEL MARKET      97

9.6           PERSONAL CARE & HYGIENE      98

9.6.1        INCREASING PER CAPITA SPENDING TO DRIVE GROWTH             98

9.7           OTHER END-USE INDUSTRIES   99

10            ETHYLENE CARBONATE MARKET, BY REGION  101

10.1         INTRODUCTION              102

10.2         ASIA PACIFIC     104

10.2.1      CHINA  108

10.2.1.1  High demand for electric vehicles to drive market          108

10.2.2      JAPAN   110

10.2.2.1  Rising demand for lithium-ion batteries to propel market                 110

10.2.3      SOUTH KOREA  112

10.2.3.1  Rising demand from automotive industry to drive market                 112

10.2.4      TAIWAN               114

10.2.4.1  Increasing exports of ethylene carbonate to support market growth    114

10.2.5      REST OF ASIA PACIFIC   115

10.3         NORTH AMERICA             117

10.3.1      US           121

10.3.1.1  Increasing production of battery electrolytes to drive market                 121

10.3.2      CANADA               123

10.3.2.1  Increasing use of ethylene carbonate in diversified applications

to propel market   123

10.3.3      MEXICO                124

10.3.3.1  Growing number of automobile manufacturing facilities to

aid market growth                 124

10.4         EUROPE               126

10.4.1      GERMANY           130

10.4.1.1  Robust automotive industry to boost market   130

10.4.2      UK          132

10.4.2.1  Growing demand for lithium battery electrolytes and lubricants

to drive market      132

10.4.3      FRANCE                133

10.4.3.1  Rising demand from chemical industry to boost market                 133

10.4.4      ITALY    135

10.4.4.1  Increased investments in chemical industry to support market growth    135

10.4.5      TURKEY                137

10.4.5.1  Growth in automotive industry to drive market               137

10.4.6      RUSSIA 138

10.4.6.1  Growth in oil & gas and automotive industries to propel market                 138

10.4.7      REST OF EUROPE             139

10.5         MIDDLE EAST & AFRICA                141

10.5.1      GCC COUNTRIES              144

10.5.1.1  UAE        145

10.5.1.1.1                Increasing applications in automotive industry to

aid market growth                 145

10.5.1.2  Saudi Arabia          146

10.5.1.2.1                Rising chemical exports to drive market           146

10.5.1.3  Rest of GCC Countries        148

10.5.2      SOUTH AFRICA 149

10.5.2.1  Increasing demand from medical industry to drive demand                 149

10.5.3      REST OF MIDDLE EAST & AFRICA             151

10.6         SOUTH AMERICA             152

10.6.1      BRAZIL 155

10.6.1.1  Rise in automobile manufacturing to favor market growth                 155

10.6.2      ARGENTINA       157

10.6.2.1  Expanding end-use industries to boost demand for

ethylene carbonate                157

10.6.3      REST OF SOUTH AMERICA           158

11            COMPETITIVE LANDSCAPE         160

11.1         INTRODUCTION              160

11.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            160

11.3         REVENUE ANALYSIS       162

11.4         MARKET SHARE ANALYSIS           162

11.5         BRAND/PRODUCT COMPARISON             165

11.6         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 167

11.6.1      STARS   167

11.6.2      EMERGING LEADERS     167

11.6.3      PERVASIVE PLAYERS      167

11.6.4      PARTICIPANTS 167

11.6.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         169

11.6.5.1  Company footprint               169

11.6.5.2  Region footprint   170

11.6.5.3  Form footprint      171

11.6.5.4  Application footprint            172

11.6.5.5  End-use industry footprint 173

11.6.5.6  Grade footprint     174

11.7         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        175

11.7.1      PROGRESSIVE COMPANIES         175

11.7.2      RESPONSIVE COMPANIES            175

11.7.3      DYNAMIC COMPANIES  175

11.7.4      STARTING BLOCKS         175

11.7.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 177

11.7.5.1  Detailed list of key startups/SMEs    177

11.7.5.2  Competitive benchmarking of key startups/SMEs          177

11.8         COMPETITIVE SCENARIO             178

11.8.1      DEALS  178

11.8.2      EXPANSIONS     179

11.9         COMPANY VALUATION AND FINANCIAL METRICS                 180

12            COMPANY PROFILES      183

12.1         KEY PLAYERS     183

12.1.1      ORIENTAL UNION CHEMICAL CORPORATION   183

12.1.1.1  Business overview 183

12.1.1.2  Products/Solutions/Services offered 184

12.1.1.3  MnM view              184

12.1.1.3.1                Key strengths        184

12.1.1.3.2                Strategic choices   185

12.1.1.3.3                Weaknesses and competitive threats 185

12.1.2      MITSUBISHI CHEMICAL GROUP CORPORATION                 186

12.1.2.1  Business overview 186

12.1.2.2  Products/Solutions/Services offered 187

12.1.2.3  Recent developments           187

12.1.2.3.1                Deals      187

12.1.2.4  MnM view              188

12.1.2.4.1                Key strengths        188

12.1.2.4.2                Strategic choices   188

12.1.2.4.3                Weaknesses and competitive threats 188

12.1.3      HUNTSMAN INTERNATIONAL LLC           189

12.1.3.1  Business overview 189

12.1.3.2  Products/Solutions/Services offered 190

12.1.3.3  Recent developments           191

12.1.3.3.1                Expansions             191

12.1.3.4  MnM view              192

12.1.3.4.1                Key strengths        192

12.1.3.4.2                Strategic choices   192

12.1.3.4.3                Weaknesses and competitive threats 192

12.1.4      TOAGOSEI CO., LTD.      193

12.1.4.1  Business overview 193

12.1.4.2  Products/Solutions/Services offered 194

12.1.4.3  MnM view              194

12.1.4.3.1                Key strengths        194

12.1.4.3.2                Strategic choices   194

12.1.4.3.3                Weaknesses and competitive threats 195

12.1.5      SHINGHWA ADVANCED MATERIAL GROUP CO., LTD.                 196

12.1.5.1  Business overview 196

12.1.5.2  Products/Solutions/Services offered 197

12.1.5.3  MnM view              197

12.1.5.3.1                Key strengths        197

12.1.5.3.2                Strategic choices   197

12.1.5.3.3                Weaknesses and competitive threats 198

12.1.6      DUBI CHEM        199

12.1.6.1  Business overview 199

12.1.6.2  Products/Solutions/Services offered 199

12.1.7      ZIBO DONGHAI INDUSTRIES CO., LTD. 200

12.1.7.1  Business overview 200

12.1.7.2  Products/Solutions/Services offered 200

12.1.8      MERCK KGAA    201

12.1.8.1  Business overview 201

12.1.8.2  Products/Solutions/Services offered 202

12.1.9      INDORAMA VENTURES PUBLIC COMPANY LIMITED                 203

12.1.9.1  Business overview 203

12.1.9.2  Products/Solutions/Services offered 204

12.1.9.3  Recent developments           205

12.1.10   LOTTE CHEMICAL CORPORATION          206

12.1.10.1                 Business overview 206

12.1.10.2                 Products/Solutions/Services offered 207

12.1.10.3                 Recent developments           208

12.1.10.3.1             Expansions             208

12.1.11   ASAHI KASEI CORPORATION      209

12.1.11.1                 Business overview 209

12.1.11.2                 Products/Solutions/Services offered 210

12.1.12   EMPOWER MATERIALS 211

12.1.12.1                 Business overview 211

12.1.12.2                 Products/Solutions/Services offered 211

12.1.13   VIZAG CHEMICAL            212

12.1.13.1                 Business overview 212

12.1.13.2                 Products/Solutions/Services offered 212

12.1.14   JUNSEI CHEMICAL CO., LTD.      213

12.1.14.1                 Business overview 213

12.1.14.2                 Products/Solutions/Services offered 213

12.1.15   SHANDONG LIXING ADVANCED MATERIAL CO., LTD.                 214

12.1.15.1                 Business overview 214

12.1.15.2                 Products/Solutions/Services offered 214

12.1.16   ZHENGZHOU MEIYA CHEMICAL PRODUCTS CO., LTD.                 215

12.1.16.1                 Business overview 215

12.1.16.2                 Products/Solutions/Services offered 215

12.1.17   YINGKOU HENGYANG NEW ENERGY CHEMICAL CO., LTD.      216

12.1.17.1                 Business overview 216

12.1.17.2                 Products/Solutions/Services offered 216

12.2         OTHER PLAYERS              217

12.2.1      OCEANCHEM GROUP LIMITED 217

12.2.2      TOKYO CHEMICAL INDUSTRY CO., LTD.               218

12.2.3      RX MARINE INTERNATIONAL     219

12.2.4    DONGYING HI-TECH SPRING CHEMICAL INDUSTRY CO., LTD.      220

12.2.5      HEFEI TNJ CHEMICAL INDUSTRY CO., LTD.         221

13            ADJACENT AND RELATED MARKETS      222

13.1         INTRODUCTION              222

13.2         LIMITATIONS    222

13.3         INTERCONNECTED MARKETS   222

13.3.1      DIMETHYL CARBONATE MARKET            222

13.3.1.1  Market definition 222

13.3.1.2  Market overview   222

13.3.1.3  Dimethyl carbonate market, by grade                223

13.3.1.3.1                Industrial grade (>99.0% weight)     223

13.3.1.3.1.1            Expanding electronics and automotive industries

to drive market      223

13.3.1.3.2                Pharmaceutical grade (>99.5% weight)           225

13.3.1.3.2.1            Presence of large number of leading players to support market growth       225

13.3.1.3.3                Battery grade (>99.9% weight)         227

13.3.1.3.3.1            Growing demand for electric vehicles to drive market                 227

14            APPENDIX           229

14.1         DISCUSSION GUIDE        229

14.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                231

14.3         CUSTOMIZATION OPTIONS        233

14.4         RELATED REPORTS         233

14.5         AUTHOR DETAILS           234

LIST OF TABLES

TABLE 1                ETHYLENE CARBONATE MARKET: INCLUSIONS & EXCLUSIONS OF STUDY            25

TABLE 2                ETHYLENE CARBONATE MARKET SNAPSHOT, 2025 VS. 2032       38

TABLE 3                ETHYLENE CARBONATE MARKET: PORTER’S FIVE FORCES ANALYSIS 48

TABLE 4                ETHYLENE CARBONATE MARKET: ECOSYSTEM                 52

TABLE 5                PRICING TREND OF ETHYLENE CARBONATE, BY REGION, 2020–2024 (USD/TON) 54

TABLE 6                PRICING TREND OF ETHYLENE CARBONATE, BY APPLICATION,

2020–2024 (USD/TON)    54

TABLE 7                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP

THREE END-USE INDUSTRIES (%)            65

TABLE 8                KEY BUYING CRITERIA, BY TOP THREE END-USE INDUSTRIES       65

TABLE 9                ETHYLENE CARBONATE MARKET: DETAILED LIST OF CONFERENCES & EVENTS           66

TABLE 10              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT

AGENCIES, AND OTHER ORGANIZATIONS           67

TABLE 11              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  67

TABLE 12              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  68

TABLE 13              REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE), BY COUNTRY, 2021–2024          72

TABLE 14              UNEMPLOYMENT RATE, BY COUNTRY, 2021–2024        72

TABLE 15              INFLATION RATE (AVERAGE CONSUMER PRICES), BY COUNTRY, 2021–2024              73

TABLE 16              FOREIGN DIRECT INVESTMENT, 2023 VS. 2024                 73

TABLE 17              ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              81

TABLE 18              ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (USD MILLION)              82

TABLE 19              ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                82

TABLE 20              ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                82

TABLE 21              LITHIUM BATTERY ELECTROLYTES: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (USD MILLION)                 83

TABLE 22              LITHIUM BATTERY ELECTROLYTES: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (USD MILLION)                 83

TABLE 23              LITHIUM BATTERY ELECTROLYTES: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON)       84

TABLE 24              LITHIUM BATTERY ELECTROLYTES: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON)       84

TABLE 25             LUBRICANTS: ETHYLENE CARBONATE MARKET, BY REGION,

2021–2024 (USD MILLION)            85

TABLE 26             LUBRICANTS: ETHYLENE CARBONATE MARKET, BY REGION,

2025–2032 (USD MILLION)            85

TABLE 27             LUBRICANTS: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON)      85

TABLE 28             LUBRICANTS: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON)      86

TABLE 29              SURFACE COATINGS: ETHYLENE CARBONATE MARKET, BY REGION,

2021–2024 (USD MILLION)            86

TABLE 30              SURFACE COATINGS: ETHYLENE CARBONATE MARKET, BY REGION,

2025–2032 (USD MILLION)            87

TABLE 31              SURFACE COATINGS: ETHYLENE CARBONATE MARKET, BY REGION,

2021–2024 (TON)               87

TABLE 32              SURFACE COATINGS: ETHYLENE CARBONATE MARKET, BY REGION,

2025–2032 (TON)               87

TABLE 33              PLASTICIZERS: ETHYLENE CARBONATE MARKET, BY REGION,

2021–2024 (USD MILLION)            88

TABLE 34              PLASTICIZERS: ETHYLENE CARBONATE MARKET, BY REGION,

2025–2032 (USD MILLION)            88

TABLE 35              PLASTICIZERS: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON)  89

TABLE 36              PLASTICIZERS: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON)  89

TABLE 37              OTHER APPLICATIONS: ETHYLENE CARBONATE MARKET, BY REGION,

2021–2024 (USD MILLION)            90

TABLE 38              OTHER APPLICATIONS: ETHYLENE CARBONATE MARKET, BY REGION,

2025–2032 (USD MILLION)            90

TABLE 39              OTHER APPLICATIONS: ETHYLENE CARBONATE MARKET, BY REGION,

2021–2024 (TON)               90

TABLE 40              OTHER APPLICATIONS: ETHYLENE CARBONATE MARKET, BY REGION,

2025–2032 (TON)               91

TABLE 41              ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2021–2024 (TON)       93

TABLE 42              ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2025–2032 (TON)       94

TABLE 43              AUTOMOTIVE: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON)  94

TABLE 44              AUTOMOTIVE: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON)  95

TABLE 45              INDUSTRIAL: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON)      95

TABLE 46              INDUSTRIAL: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON)      96

TABLE 47              OIL & GAS: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON)      96

TABLE 48              OIL & GAS: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON)      97

TABLE 49              MEDICAL: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON)             97

TABLE 50              MEDICAL: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON)             98

TABLE 51              PERSONAL CARE & HYGIENE: ETHYLENE CARBONATE MARKET, BY REGION,

2021–2024 (TON)               98

TABLE 52              PERSONAL CARE & HYGIENE: ETHYLENE CARBONATE MARKET, BY REGION,

2025–2032 (TON)               99

TABLE 53              OTHER END-USE INDUSTRIES: ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON)       99

TABLE 54              OTHER END-USE INDUSTRIES: ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON)       100

TABLE 55              ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (USD MILLION)            102

TABLE 56              ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (USD MILLION)            103

TABLE 57              ETHYLENE CARBONATE MARKET, BY REGION, 2021–2024 (TON)               103

TABLE 58              ETHYLENE CARBONATE MARKET, BY REGION, 2025–2032 (TON)               103

TABLE 59             ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            105

TABLE 60             ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            105

TABLE 61             ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY COUNTRY, 2021–2024 (TON) 105

TABLE 62             ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY COUNTRY, 2025–2032 (TON) 106

TABLE 63             ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            106

TABLE 64             ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            106

TABLE 65             ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (TON)               107

TABLE 66             ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (TON)               107

TABLE 67             ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,

2021–2024 (TON)               107

TABLE 68             ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,

2025–2032 (TON)               108

TABLE 69              CHINA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            109

TABLE 70              CHINA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            109

TABLE 71              CHINA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                109

TABLE 72              CHINA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                110

TABLE 73              JAPAN: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            111

TABLE 74              JAPAN: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            111

TABLE 75              JAPAN: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                111

TABLE 76              JAPAN: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                112

TABLE 77              SOUTH KOREA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            112

TABLE 78              SOUTH KOREA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            113

TABLE 79              SOUTH KOREA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (TON)               113

TABLE 80              SOUTH KOREA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (TON)               113

TABLE 81              TAIWAN: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            114

TABLE 82              TAIWAN: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            114

TABLE 83              TAIWAN: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                115

TABLE 84              TAIWAN: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                115

TABLE 85              REST OF ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            116

TABLE 86              REST OF ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            116

TABLE 87              REST OF ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (TON)               116

TABLE 88              REST OF ASIA PACIFIC: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (TON)               117

TABLE 89              NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            118

TABLE 90              NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            118

TABLE 91              NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2021–2024 (TON)               119

TABLE 92              NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2025–2032 (TON)               119

TABLE 93              NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            119

TABLE 94              NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            119

TABLE 95              NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (TON)               120

TABLE 96              NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (TON)               120

TABLE 97              NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2021–2024 (TON)         120

TABLE 98              NORTH AMERICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2025–2032 (TON)         121

TABLE 99              US: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            121

TABLE 100            US: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            122

TABLE 101            US: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                122

TABLE 102            US: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                122

TABLE 103            CANADA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            123

TABLE 104            CANADA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            123

TABLE 105            CANADA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                124

TABLE 106            CANADA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                124

TABLE 107            MEXICO: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            125

TABLE 108            MEXICO: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            125

TABLE 109            MEXICO: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                125

TABLE 110            MEXICO: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                126

TABLE 111            EUROPE: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            127

TABLE 112            EUROPE: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            127

TABLE 113            EUROPE: ETHYLENE CARBONATE MARKET, BY COUNTRY, 2021–2024 (TON)        127

TABLE 114            EUROPE: ETHYLENE CARBONATE MARKET, BY COUNTRY, 2025–2032 (TON)        128

TABLE 115            EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            128

TABLE 116            EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            128

TABLE 117            EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                129

TABLE 118            EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                129

TABLE 119            EUROPE: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,

2021–2024 (TON)               129

TABLE 120            EUROPE: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,

2025–2032 (TON)               130

TABLE 121            GERMANY: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            130

TABLE 122            GERMANY: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            131

TABLE 123            GERMANY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)          131

TABLE 124            GERMANY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)          131

TABLE 125            UK: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            132

TABLE 126            UK: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            132

TABLE 127            UK: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                133

TABLE 128            UK: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                133

TABLE 129            FRANCE: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            134

TABLE 130            FRANCE: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            134

TABLE 131            FRANCE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                134

TABLE 132            FRANCE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                135

TABLE 133            ITALY: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            135

TABLE 134            ITALY: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            136

TABLE 135            ITALY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                136

TABLE 136            ITALY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                136

TABLE 137            TURKEY: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            137

TABLE 138            TURKEY: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            137

TABLE 139            TURKEY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                137

TABLE 140            TURKEY: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                138

TABLE 141            RUSSIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            138

TABLE 142            RUSSIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            138

TABLE 143            RUSSIA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                139

TABLE 144            RUSSIA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                139

TABLE 145            REST OF EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            139

TABLE 146            REST OF EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            140

TABLE 147            REST OF EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (TON)               140

TABLE 148            REST OF EUROPE: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (TON)               140

TABLE 149            MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            141

TABLE 150            MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            141

TABLE 151            MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2021–2024 (TON)               142

TABLE 152            MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2025–2032 (TON)               142

TABLE 153            MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            142

TABLE 154            MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            143

TABLE 155            MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (TON)               143

TABLE 156            MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (TON)               143

TABLE 157            MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2021–2024 (TON)                 144

TABLE 158            MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY, 2025–2032 (TON)                 144

TABLE 159            UAE: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            145

TABLE 160            UAE: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            145

TABLE 161            UAE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                145

TABLE 162            UAE: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                146

TABLE 163            SAUDI ARABIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            146

TABLE 164            SAUDI ARABIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            147

TABLE 165            SAUDI ARABIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (TON)               147

TABLE 166            SAUDI ARABIA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (TON)               147

TABLE 167            REST OF GCC COUNTRIES: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            148

TABLE 168            REST OF GCC COUNTRIES: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (USD MILLION)            148

TABLE 169            REST OF GCC COUNTRIES: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                 148

TABLE 170            REST OF GCC COUNTRIES: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                 149

TABLE 171            SOUTH AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            149

TABLE 172            SOUTH AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            150

TABLE 173            SOUTH AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (TON)               150

TABLE 174            SOUTH AFRICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (TON)               150

TABLE 175            REST OF MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       151

TABLE 176            REST OF MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET,

BY APPLICATION, 2025–2032 (USD MILLION)       151

TABLE 177            REST OF MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET,

BY APPLICATION, 2021–2024 (TON)          151

TABLE 178            REST OF MIDDLE EAST & AFRICA: ETHYLENE CARBONATE MARKET,

BY APPLICATION, 2025–2032 (TON)          152

TABLE 179            SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            152

TABLE 180            SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            152

TABLE 181            SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2021–2024 (TON)               153

TABLE 182            SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY COUNTRY,

2025–2032 (TON)               153

TABLE 183            SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            153

TABLE 184            SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            153

TABLE 185            SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (TON)               154

TABLE 186            SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (TON)               154

TABLE 187            SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,

2021–2024 (TON)               154

TABLE 188            SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY END-USE INDUSTRY,

2025–2032 (TON)               155

TABLE 189            BRAZIL: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            155

TABLE 190            BRAZIL: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            156

TABLE 191            BRAZIL: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                156

TABLE 192            BRAZIL: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                156

TABLE 193            ARGENTINA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            157

TABLE 194            ARGENTINA: ETHYLENE CARBONATE MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            157

TABLE 195            ARGENTINA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)          158

TABLE 196            ARGENTINA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)          158

TABLE 197            REST OF SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            158

TABLE 198            REST OF SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (USD MILLION)            159

TABLE 199            REST OF SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2021–2024 (TON)                 159

TABLE 200            REST OF SOUTH AMERICA: ETHYLENE CARBONATE MARKET, BY APPLICATION, 2025–2032 (TON)                 159

TABLE 201            ETHYLENE CARBONATE MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2020–2025          160

TABLE 202            ETHYLENE CARBONATE MARKET: DEGREE OF COMPETITION, 2024       163

TABLE 203            ETHYLENE CARBONATE MARKET: REGION FOOTPRINT       170

TABLE 204            ETHYLENE CARBONATE MARKET: FORM FOOTPRINT       171

TABLE 205            ETHYLENE CARBONATE MARKET: APPLICATION FOOTPRINT         172

TABLE 206            ETHYLENE CARBONATE MARKET: END-USE INDUSTRY FOOTPRINT 173

TABLE 207            ETHYLENE CARBONATE MARKET: GRADE FOOTPRINT       174

TABLE 208            ETHYLENE CARBONATE MARKET: DETAILED LIST OF KEY STARTUPS/SMES   177

TABLE 209            ETHYLENE CARBONATE MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES (1/2)   177

TABLE 210            ETHYLENE CARBONATE MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES (2/2)   178

TABLE 211            ETHYLENE CARBONATE MARKET: DEALS, JANUARY 2020–AUGUST 2025       178

TABLE 212          ETHYLENE CARBONATE MARKET: EXPANSIONS, JANUARY 2020–AUGUST 2025       179

TABLE 213            ORIENTAL UNION CHEMICAL CORPORATION: COMPANY OVERVIEW   183

TABLE 214            ORIENTAL UNION CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        184

TABLE 215            MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY OVERVIEW 186

TABLE 216            MITSUBISHI CHEMICAL GROUP CORPORATION: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        187

TABLE 217            MITSUBISHI CHEMICAL GROUP CORPORATION: DEALS 187

TABLE 218            HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW          189

TABLE 219            HUNTSMAN INTERNATIONAL LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    190

TABLE 220            HUNTSMAN INTERNATIONAL LLC: EXPANSIONS     191

TABLE 221            TOAGOSEI CO., LTD.: COMPANY OVERVIEW                 193

TABLE 222            TOAGOSEI CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    194

TABLE 223            SHINGHWA ADVANCED MATERIAL GROUP CO., LTD.: COMPANY OVERVIEW       196

TABLE 224            SHINGHWA ADVANCED MATERIAL GROUP CO., LTD.: PRODUCTS/

SOLUTIONS/SERVICES OFFERED              197

TABLE 225            DUBI CHEM: COMPANY OVERVIEW         199

TABLE 226            DUBI CHEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED    199

TABLE 227            ZIBO DONGHAI INDUSTRIES CO., LTD.: COMPANY OVERVIEW   200

TABLE 228            ZIBO DONGHAI INDUSTRIES CO., LTD.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        200

TABLE 229            MERCK KGAA: COMPANY OVERVIEW     201

TABLE 230            MERCK KGAA: PRODUCTS/SOLUTIONS/SERVICES OFFERED    202

TABLE 231            INDORAMA VENTURES PUBLIC COMPANY LIMITED: COMPANY OVERVIEW               203

TABLE 232            INDORAMA VENTURES PUBLIC COMPANY LIMITED: PRODUCTS/SOLUTIONS/ SERVICES OFFERED                 204

TABLE 233            INDORAMA VENTURES PUBLIC COMPANY LIMITED: DEALS               205

TABLE 234            LOTTE CHEMICAL CORPORATION: COMPANY OVERVIEW          206

TABLE 235            LOTTE CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    207

TABLE 236            LOTTE CHEMICAL CORPORATION: DEALS                 208

TABLE 237            LOTTE CHEMICAL CORPORATION: EXPANSIONS     208

TABLE 238            ASAHI KASEI CORPORATION: COMPANY OVERVIEW          209

TABLE 239            ASAHI KASEI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    210

TABLE 240            EMPOWER MATERIALS: COMPANY OVERVIEW                 211

TABLE 241            EMPOWER MATERIALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    211

TABLE 242            VIZAG CHEMICAL: COMPANY OVERVIEW                 212

TABLE 243            VIZAG CHEMICAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    212

TABLE 244            JUNSEI CHEMICAL CO., LTD.: COMPANY OVERVIEW          213

TABLE 245            JUNSEI CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    213

TABLE 246            SHANDONG LIXING ADVANCED MATERIAL CO., LTD.: COMPANY OVERVIEW       214

TABLE 247            SHANDONG LIXING ADVANCED MATERIAL CO., LTD.: PRODUCTS/

SOLUTIONS/SERVICES OFFERED              214

TABLE 248          ZHENGZHOU MEIYA CHEMICAL PRODUCTS CO., LTD.: COMPANY OVERVIEW       215

TABLE 249          ZHENGZHOU MEIYA CHEMICAL PRODUCTS CO., LTD: PRODUCTS/

SOLUTIONS/SERVICES OFFERED              215

TABLE 250            YINGKOU HENGYANG NEW ENERGY CHEMICAL CO., LTD.: COMPANY OVERVIEW              216

TABLE 251            YINGKOU HENGYANG NEW ENERGY CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 216

TABLE 252            OCEANCHEM GROUP LIMITED: COMPANY OVERVIEW          217

TABLE 253            TOKYO CHEMICAL INDUSTRY CO., LTD.: COMPANY OVERVIEW   218

TABLE 254            RX MARINE INTERNATIONAL: COMPANY OVERVIEW          219

TABLE 255            DONGYING HI-TECH SPRING CHEMICAL INDUSTRY CO., LTD.: COMPANY OVERVIEW       220

TABLE 256            HEFEI TNJ CHEMICAL INDUSTRY CO., LTD.: COMPANY OVERVIEW   221

TABLE 257            INDUSTRIAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2018–2022 (KILOTON)     224

TABLE 258            INDUSTRIAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2023–2028 (KILOTON)     224

TABLE 259            INDUSTRIAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2018–2022 (USD MILLION)            224

TABLE 260            INDUSTRIAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2023–2028 (USD MILLION)            225

TABLE 261            PHARMACEUTICAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2018–2022 (KILOTON)     225

TABLE 262            PHARMACEUTICAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2023–2028 (KILOTON)     226

TABLE 263            PHARMACEUTICAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2018–2022 (USD MILLION)            226

TABLE 264            PHARMACEUTICAL GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2023–2028 (USD MILLION)            226

TABLE 265            BATTERY GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2018–2022 (KILOTON)     227

TABLE 266            BATTERY GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2023–2028 (KILOTON)     227

TABLE 267            BATTERY GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2018–2022 (USD MILLION)            228

TABLE 268            BATTERY GRADE: DIMETHYL CARBONATE MARKET, BY REGION,

2023–2028 (USD MILLION)            228

LIST OF FIGURES

FIGURE 1              ETHYLENE CARBONATE MARKET SEGMENTATION              25

FIGURE 2              ETHYLENE CARBONATE MARKET: RESEARCH DESIGN                28

FIGURE 3              BOTTOM-UP APPROACH              32

FIGURE 4              TOP-DOWN APPROACH                32

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)      33

FIGURE 6              ETHYLENE CARBONATE MARKET: DATA TRIANGULATION             34

FIGURE 7              FACTOR ANALYSIS          35

FIGURE 8              AUTOMOTIVE SEGMENT DOMINATED MARKET IN 2024  38

FIGURE 9              LITHIUM BATTERY ELECTROLYTES SEGMENT TO DOMINATE MARKET

DURING FORECAST PERIOD       39

FIGURE 10            ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF ETHYLENE

CARBONATE MARKET IN 2024    40

FIGURE 11            GROWING USE OF ETHYLENE CARBONATE AS BATTERY ELECTROLYTES

AND LUBRICANTS TO DRIVE MARKET   41

FIGURE 12            LUBRICANTS ACCOUNTED FOR LARGEST SHARE OF ASIA PACIFIC MARKET IN 2024              42

FIGURE 13            CHINA TO REGISTER HIGHEST GROWTH BETWEEN 2025 AND 2032               42

FIGURE 14            ETHYLENE CARBONATE MARKET: DRIVERS, RESTRAINTS,

OPPORTUNITIES, AND CHALLENGES     43

FIGURE 15            Y-O-Y INCREASE OF BATTERY ELECTRIC VEHICLES (BEV) AND

PLUG-IN HYBRIDS (PHEV)           44

FIGURE 16            FLUCTUATION IN PRICES OF CRUDE OIL, 2015–2024        47

FIGURE 17            ETHYLENE CARBONATE MARKET: PORTER’S FIVE FORCES ANALYSIS 47

FIGURE 18            ETHYLENE CARBONATE MARKET: VALUE CHAIN ANALYSIS              51

FIGURE 19            ETHYLENE CARBONATE MARKET: ECOSYSTEM                 52

FIGURE 20            PRICING RANGE OF ETHYLENE CARBONATE, BY KEY PLAYER, 2024 (USD/TON)   53

FIGURE 21            PRICING TREND OF ETHYLENE CARBONATE, BY REGION, 2020–2024 (USD/TON) 53

FIGURE 22            ETHYLENE CARBONATE MARKET: PATENT ANALYSIS, 2014–2024       55

FIGURE 23            US ACCOUNTED FOR HIGHEST NUMBER OF PATENTS             56

FIGURE 24            IMPORT DATA FOR HS CODE 290121-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2020–2024 (USD THOUSAND)                63

FIGURE 25            EXPORT DATA FOR HS CODE 290121-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2020–2024 (USD THOUSAND)                64

FIGURE 26            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE

END-USE INDUSTRIES   64

FIGURE 27            KEY BUYING CRITERIA, BY END-USE INDUSTRY                 65

FIGURE 28            ETHYLENE CARBONATE MARKET: TRENDS/DISRUPTIONS IMPACTING BUSINESS 71

FIGURE 29            LITHIUM BATTERY ELECTROLYTES SEGMENT TO REGISTER HIGHEST GROWTH DURING STUDY PERIOD                 81

FIGURE 30            AUTOMOTIVE INDUSTRY SEGMENT TO DOMINATE MARKET IN 2025       93

FIGURE 31            ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD         102

FIGURE 32            ASIA PACIFIC: ETHYLENE CARBONATE MARKET SNAPSHOT          104

FIGURE 33            NORTH AMERICA: ETHYLENE CARBONATE MARKET SNAPSHOT       118

FIGURE 34            EUROPE: ETHYLENE CARBONATE MARKET SNAPSHOT          126

FIGURE 35            ETHYLENE CARBONATE MARKET: REVENUE ANALYSIS OF

KEY PLAYERS, 2020–2024 (USD BILLION)                162

FIGURE 36            ETHYLENE CARBONATE MARKET SHARE ANALYSIS, 2024  163

FIGURE 37            ETHYLENE CARBONATE MARKET: BRAND/PRODUCT COMPARISON             165

FIGURE 38            ETHYLENE CARBONATE MARKET: COMPANY EVALUATION

MATRIX (KEY PLAYERS), 2024     168

FIGURE 39            ETHYLENE CARBONATE MARKET: COMPANY FOOTPRINT       169

FIGURE 40            ETHYLENE CARBONATE MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 176

FIGURE 41            ETHYLENE CARBONATE MARKET: EV/EBITDA                 181

FIGURE 42            ETHYLENE CARBONATE MARKET: EV/REVENUE                 181

FIGURE 43            ETHYLENE CARBONATE MARKET: YEAR-TO-DATE (YTD) PRICE TOTAL RETURN

AND FIVE-YEAR STOCK BETA OF KEY MANUFACTURERS                 182

FIGURE 44            ORIENTAL UNION CHEMICAL CORPORATION: COMPANY SNAPSHOT   184

FIGURE 45            MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY SNAPSHOT 186

FIGURE 46            HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT          190

FIGURE 47            TOAGOSEI CO., LTD.: COMPANY SNAPSHOT                 193

FIGURE 48            SHINGHWA ADVANCED MATERIAL GROUP CO., LTD.: COMPANY SNAPSHOT       196

FIGURE 49            MERCK KGAA: COMPANY SNAPSHOT     202

FIGURE 50            INDORAMA VENTURES PUBLIC COMPANY LIMITED: COMPANY SNAPSHOT               204

FIGURE 51            LOTTE CHEMICAL CORPORATION: COMPANY SNAPSHOT          207

FIGURE 52            ASAHI KASEI CORPORATION: COMPANY SNAPSHOT          210