NEW YORK, Dec. 6, 2021 /PRNewswire/ -- The "Ethylene Carbonate Market by Application (lubricants, lithium battery electrolytes, solvents, photochromatic, and others) and Geography (APAC, North America, Europe, MEA, and South America) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
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:
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.
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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.
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Some Companies Mentioned
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Ethylene Carbonate Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of almost 6.56%
Market growth 2021-2025
USD 105.97 million
YoY growth (%)
APAC, North America, Europe, MEA, and South America
Performing market contribution
APAC at 42%
Key consumer countries
China, US, Germany, Japan, and Canada
Leading companies, competitive strategies, consumer engagement scope
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.
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.
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Key Topics Covered:
Five Forces Analysis
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