ETHYLENE CARBONATE MARKET

INTRODUCTION

The chemical compound ethylene carbonate has the molecular formula C3H4O3. It is a cyclic carbonate ester made from carbonic acid and ethylene glycol. It is frequently used as a solvent in many different applications, notably as an electrolyte component in lithium-ion batteries.

Ethylene carbonate is a colorless, odorless liquid. It is helpful in many industrial processes and chemical reactions because of its good solvating capabilities and relatively high dielectric constant.

Additionally, ethylene carbonate is useful in some chemical reactions and as an electrolyte additive in batteries due to its capacity to form stable complexes with alkali metal ions.

ETHYLENE CARBONATE MARKET SIZE AND FORECAST

The ethylene carbonate accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

ETHYLENE CARBONATE MARKETRECENT PRODUCT DEVELOPMENT AND INNOVATION

USA The Woodlands, Texas In order to explore the possibility of constructing and running a top-tier lithium-ion battery solvents plant at one of IVL's petrochemical facilities along the U.S. Gulf Coast, Capchem Technology USA Inc.

(Capchem USA) and Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, have entered into a non-binding agreement.The planned facility will supply North America's lithium-ion battery market, which is benefiting from rapid advancements in electric vehicle (EV) technology.

Ethylene carbonate and its chemical offshoots, which are crucial elements of the electrolytes solutions used in lithium-ion batteries, will be produced at the proposed site.

The proposal to build and run the facility will be investigated by IVL's Integrated Oxides and Derivatives (IOD) division and Capchem USA, a division of Shenzhen Capchem Technology Co., Ltd. A market leader in lithium-ion battery chemicals is Capchem.

The North American lithium-ion battery market, which now relies on imports from Asia amid the possibility of faster expansion in the EV industry, would greatly benefit from the construction of a new plant.

By becoming a competitive new competitor in the lithium-ion battery market, IVL will have more prospects in lucrative end-market applications as IOD continues to shift towards downstream speciality products.

By investing in nearby companies that provide High Value Add (HVA) goods that contribute to a more sustainable environment, IVL is enhancing its worldwide integrated petrochemicals model as part of its Vision.

ETHYLENE CARBONATE MARKETRECENT DEVELOPMENT

As the name implies, FORU Chemtech creates chemistry that is continuously devoted to developing environmentally friendly products and green chemical processes.

With a total annual capacity of up to 40000MT, FORU Chemtech's second facility for carbonate solvents is now operational. Propylene carbonate, ethylene carbonate, ethyl carbonate, dimethyl carbonate, and diethyl carbonate can all be supplied by it and offer clients in the lithium battery business greater service.

In order to produce high-purity ethylene carbonate (EC) and high-purity dimethyl carbonate (DMC) utilizing CO2 as one of the primary feedstocks, Asahi Kasei has completed its first license agreement for a technology package.

As components of the electrolyte solution of lithium-ion batteries (LIBs), which are utilized in smartphones and electric cars, high-purity EC and DMC are becoming more and more in demand on a global scale.

It is anticipated that demand for LIBs would increase in tandem with rising sales of electric vehicles. From an environmental standpoint, the main LIB components should be environmentally beneficial themselves.

Asahi Kasei developed technology to produce high-purity EC and DMC to be utilized as solvent for LIB electrolyte after commercializing a process to make polycarbonate (PC) utilizing CO2 as feedstock and EC and DMC as intermediates. This technology package's first license agreement is as follows.

According to a statement made by Huntsman Corporation, its Performance Products division intends to greatly expand its Conroe, Texas facility's current capacity producing ULTRAPURE Ethylene Carbonate.

Due to the development of EVs and the localization of lithium-ion battery production, Huntsman has observed significant increase in ULTRAPURE Ethylene Carbonate in recent years. Huntsman has added a number of new, high-purity grades of ethylene carbonate for use in EV battery applications in order to fulfill this rising demand.

KPX Huntsman Polyurethanes Automotive Co. is a joint venture between Korean polyurethanes producer KPX Chemical and The Woodlands-based chemical manufacturer Huntsman Corporation.

The joint venture will operate a specialist polyurethanes manufacturing facility at KPX Chemical's plant in Ulsan, South Korea, from where it would produce and supply polyurethane to Korean automakers.

THIS ETHYLENE CARBONATE MARKETREPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many ethylene carbonate are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global ethylene carbonate and key vendor selection criteria
3. Where is the ethylene carbonate manufactured? What is the average margin per unit?
4. Market share of Global ethylene carbonate market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global ethylene carbonate in-house
6. key predictions for next 5 years in Global ethylene carbonate market
7. Average B-2-B ethylene carbonate market price in all segments
8. Latest trends in ethylene carbonate market, by every market segment
9. The market size (both volume and value) of the ethylene carbonate market in 2024-2030 and every year in between?
10. Production breakup of ethylene carbonate market, by suppliers and their OEM relationship