PUBLISHER: KBV Research | PRODUCT CODE: 1374008
PUBLISHER: KBV Research | PRODUCT CODE: 1374008
North America Ethylene Carbonate Market Size, Share & Industry Trends Analysis Report By End-Use (Automotive, Oil & Gas, Industrial, Medical, and Others), By Form (Solid, and Liquid), By Application, By Country and Growth Forecast, 2023 - 2030
The North America Ethylene Carbonate Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 738.4 hundred Tonnes, showcasing a growth of 7.0% (2019-2022).
As ethylene carbonate is a strongly polar solvent that dissolves a substantial quantity of electrolytes, it is primarily employed in lithium battery electrolyte solutions. It can also dissolve polymers easily, allowing it to be used as a detergent and release agent. Its product is of high quality, with minimal impurity and moisture levels. It has an exceptional reputation for adhering to stringent quality standards. The increase in demand for ethylene carbonate can be associated with the increasing popularity of electric vehicles and the demand for energy storage systems. It is a crucial ingredient in the formulation of electrolytes for lithium-ion batteries, which are used extensively in electric vehicles, electronic devices, and renewable energy storage. Beyond batteries, the product has applications in producing plastic, coatings, glues, and pharmaceuticals. The development of these industries in emerging economies contributes to the expansion of the market.
Additionally, increasing environmental awareness and enforcing stringent regulations have prompted a shift toward more eco-friendly options. Ethylene carbonate is commonly used due to its lower toxicity and ecological impact than other solvents and additives. The primary basic materials required for the production of ethylene carbonate are ethylene oxide and carbon dioxide. Typically, ethylene oxide is derived from ethylene, which is obtained from petroleum or natural gas. Carbon dioxide can be obtained from various sources, such as industrial waste streams and atmospheric purification. The fabrication process takes place in a reactor system under strict supervision. The reactor is designed to accommodate the reaction conditions, guarantee safety, and maximize production efficiency.
According to the International Trade Administration (ITA), the Mexican government's energy development plan stated that 328,597,98 GWh of electricity were produced in Mexico in 2021, with 29.5 percent of that energy coming from clean sources like wind, solar photovoltaic, bioenergy, effective cogeneration, geothermal energy, hydroelectric, and nuclear power. The installed capacity of Mexico's clean energy plants, including hydroelectric, geothermal energy, wind, photovoltaic, and bioenergy, was 29,512 MW in 2020 and 30,812 MW by December 2021, an increase of 4.4% compared to 2020, with the majority of the growth coming from hydro, wind, and photovoltaic solar energy plants. As the need for energy storage solutions continues to rise in Mexico, the demand for technologies like lithium-ion batteries with ethylene carbonate-based electrolytes is expected to grow.
According to Statistics Canada, the oil and gas extraction industry's total cumulative revenue increased 85.7% from $93.7 billion in 2020 to $174.0 billion in 2021. As Canada's oil and gas sector expands, it can increase overall energy demand, potentially leading to a greater need for energy storage solutions that incorporate technologies like lithium-ion batteries with ethylene carbonate-based electrolytes. These factors will positively affect the market growth in this region.
The US market dominated the North America Ethylene Carbonate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $205,621.9 Thousands by 2030. The Canada market is exhibiting a CAGR of 10.6% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 9.6% during (2023 - 2030).
Based on End-Use, the market is segmented into Automotive, Oil & Gas, Industrial, Medical, and Others. Based on Form, the market is segmented into Solid, and Liquid. Based on Application, the market is segmented into Lubricants, Lithium Battery Electrolyte, Surface Coatings, Plasticizers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mitsubishi Chemical Holdings Corporation, FUJIFILM Wako Pure Chemical Corporation, Huntsman Corporation, Thermo Fisher Scientific, Inc., BASF Se, Cole-Parmer Instrument Company (Antylia Scientific), Oriental Union Chemical Corp., Asahi Kasei Corporation, Empower Materials, Inc. (Axess Corporation), and Merck KGaA.
Scope of the Study
Market Segments covered in the Report:
By End-Use (Volume, Hundred Tonnes, USD Thousands, 2019-2030)
- Automotive
- Oil & Gas
- Industrial
- Medical
- Others
By Form (Volume, Hundred Tonnes, USD Thousands, 2019-2030)
- Solid
- Liquid
By Application (Volume, Hundred Tonnes, USD Thousands, 2019-2030)
- Lubricants
- Lithium Battery Electrolyte
- Surface Coatings
- Plasticizers
- Others
By Country (Volume, Hundred Tonnes, USD Thousands, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Mitsubishi Chemical Holdings Corporation
- FUJIFILM Wako Pure Chemical Corporation
- Huntsman Corporation
- Thermo Fisher Scientific, Inc.
- BASF SE
- Cole-Parmer Instrument Company(Antylia Scientific)
- Oriental Union Chemical Corp.
- Asahi Kasei Corporation
- Empower Materials, Inc. (Axess Corporation)
- Merck KGaA
Unique Offerings from KBV Research
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- Highest number of market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Ethylene Carbonate Market, by End-Use
- 1.4.2 North America Ethylene Carbonate Market, by Form
- 1.4.3 North America Ethylene Carbonate Market, by Application
- 1.4.4 North America Ethylene Carbonate Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter's Five Forces Analysis
Chapter 4. North America Ethylene Carbonate Market by End-Use
- 4.1 North America Automotive Market by Country
- 4.2 North America Oil & Gas Market by Country
- 4.3 North America Industrial Market by Country
- 4.4 North America Medical Market by Country
- 4.5 North America Others Market by Country
Chapter 5. North America Ethylene Carbonate Market by Form
- 5.1 North America Solid Market by Country
- 5.2 North America Liquid Market by Country
Chapter 6. North America Ethylene Carbonate Market by Application
- 6.1 North America Lubricants Market by Country
- 6.2 North America Lithium Battery Electrolyte Market by Country
- 6.3 North America Surface Coatings Market by Country
- 6.4 North America Plasticizers Market by Country
- 6.5 North America Others Market by Country
Chapter 7. North America Ethylene Carbonate Market by Country
- 7.1 US Ethylene Carbonate Market
- 7.1.1 US Ethylene Carbonate Market by End-Use
- 7.1.2 US Ethylene Carbonate Market by Form
- 7.1.3 US Ethylene Carbonate Market by Application
- 7.2 Canada Ethylene Carbonate Market
- 7.2.1 Canada Ethylene Carbonate Market by End-Use
- 7.2.2 Canada Ethylene Carbonate Market by Form
- 7.2.3 Canada Ethylene Carbonate Market by Application
- 7.3 Mexico Ethylene Carbonate Market
- 7.3.1 Mexico Ethylene Carbonate Market by End-Use
- 7.3.2 Mexico Ethylene Carbonate Market by Form
- 7.3.3 Mexico Ethylene Carbonate Market by Application
- 7.4 Rest of North America Ethylene Carbonate Market
- 7.4.1 Rest of North America Ethylene Carbonate Market by End-Use
- 7.4.2 Rest of North America Ethylene Carbonate Market by Form
- 7.4.3 Rest of North America Ethylene Carbonate Market by Application
Chapter 8. Company Profiles
- 8.1 Mitsubishi Chemical Holdings Corporation
- 8.1.1 Company Overview
- 8.1.2 SWOT Analysis
- 8.2 Huntsman Corporation
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segment and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 SWOT Analysis
- 8.3 Thermo Fisher Scientific, Inc.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 SWOT Analysis
- 8.4 BASF SE
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 SWOT Analysis
- 8.5 Cole-Parmer Instrument Company, LLC (Antylia Scientific) (GTCR LLC)
- 8.5.1 Company Overview
- 8.5.2 SWOT Analysis
- 8.6 Oriental Union Chemical Corp.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expenses
- 8.7 Asahi Kasei Corporation
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.8 Empower Materials, Inc. (Axess Corporation)
- 8.8.1 Company Overview
- 8.8.2 SWOT Analysis
- 8.9 FUJIFILM Wako Pure Chemical Corporation (Fujifilm Holdings Corporation)
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expenses
- 8.9.5 SWOT Analysis
- 8.10. Merck KGaA
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expense
- 8.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Ethylene Carbonate Market, 2019 - 2022, USD Thousands
- TABLE 2 North America Ethylene Carbonate Market, 2023 - 2030, USD Thousands
- TABLE 3 North America Ethylene Carbonate Market, 2019 - 2022, Hundred Tonnes
- TABLE 4 North America Ethylene Carbonate Market, 2023 - 2030, Hundred Tonnes
- TABLE 5 North America Ethylene Carbonate Market by End-Use, 2019 - 2022, USD Thousands
- TABLE 6 North America Ethylene Carbonate Market by End-Use, 2023 - 2030, USD Thousands
- TABLE 7 North America Ethylene Carbonate Market by End-Use, 2019 - 2022, Hundred Tonnes
- TABLE 8 North America Ethylene Carbonate Market by End-Use, 2023 - 2030, Hundred Tonnes
- TABLE 9 North America Automotive Market by Country, 2019 - 2022, USD Thousands
- TABLE 10 North America Automotive Market by Country, 2023 - 2030, USD Thousands
- TABLE 11 North America Automotive Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 12 North America Automotive Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 13 North America Oil & Gas Market by Country, 2019 - 2022, USD Thousands
- TABLE 14 North America Oil & Gas Market by Country, 2023 - 2030, USD Thousands
- TABLE 15 North America Oil & Gas Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 16 North America Oil & Gas Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 17 North America Industrial Market by Country, 2019 - 2022, USD Thousands
- TABLE 18 North America Industrial Market by Country, 2023 - 2030, USD Thousands
- TABLE 19 North America Industrial Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 20 North America Industrial Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 21 North America Medical Market by Country, 2019 - 2022, USD Thousands
- TABLE 22 North America Medical Market by Country, 2023 - 2030, USD Thousands
- TABLE 23 North America Medical Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 24 North America Medical Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 25 North America Others Market by Country, 2019 - 2022, USD Thousands
- TABLE 26 North America Others Market by Country, 2023 - 2030, USD Thousands
- TABLE 27 North America Others Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 28 North America Others Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 29 North America Ethylene Carbonate Market by Form, 2019 - 2022, USD Thousands
- TABLE 30 North America Ethylene Carbonate Market by Form, 2023 - 2030, USD Thousands
- TABLE 31 North America Ethylene Carbonate Market by Form, 2019 - 2022, Hundred Tonnes
- TABLE 32 North America Ethylene Carbonate Market by Form, 2023 - 2030, Hundred Tonnes
- TABLE 33 North America Solid Market by Country, 2019 - 2022, USD Thousands
- TABLE 34 North America Solid Market by Country, 2023 - 2030, USD Thousands
- TABLE 35 North America Solid Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 36 North America Solid Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 37 North America Liquid Market by Country, 2019 - 2022, USD Thousands
- TABLE 38 North America Liquid Market by Country, 2023 - 2030, USD Thousands
- TABLE 39 North America Liquid Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 40 North America Liquid Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 41 North America Ethylene Carbonate Market by Application, 2019 - 2022, USD Thousands
- TABLE 42 North America Ethylene Carbonate Market by Application, 2023 - 2030, USD Thousands
- TABLE 43 North America Ethylene Carbonate Market by Application, 2019 - 2022, Hundred Tonnes
- TABLE 44 North America Ethylene Carbonate Market by Application, 2023 - 2030, Hundred Tonnes
- TABLE 45 North America Lubricants Market by Country, 2019 - 2022, USD Thousands
- TABLE 46 North America Lubricants Market by Country, 2023 - 2030, USD Thousands
- TABLE 47 North America Lubricants Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 48 North America Lubricants Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 49 North America Lithium Battery Electrolyte Market by Country, 2019 - 2022, USD Thousands
- TABLE 50 North America Lithium Battery Electrolyte Market by Country, 2023 - 2030, USD Thousands
- TABLE 51 North America Lithium Battery Electrolyte Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 52 North America Lithium Battery Electrolyte Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 53 North America Surface Coatings Market by Country, 2019 - 2022, USD Thousands
- TABLE 54 North America Surface Coatings Market by Country, 2023 - 2030, USD Thousands
- TABLE 55 North America Surface Coatings Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 56 North America Surface Coatings Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 57 North America Plasticizers Market by Country, 2019 - 2022, USD Thousands
- TABLE 58 North America Plasticizers Market by Country, 2023 - 2030, USD Thousands
- TABLE 59 North America Plasticizers Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 60 North America Plasticizers Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 61 North America Others Market by Country, 2019 - 2022, USD Thousands
- TABLE 62 North America Others Market by Country, 2023 - 2030, USD Thousands
- TABLE 63 North America Others Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 64 North America Others Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 65 North America Ethylene Carbonate Market by Country, 2019 - 2022, USD Thousands
- TABLE 66 North America Ethylene Carbonate Market by Country, 2023 - 2030, USD Thousands
- TABLE 67 North America Ethylene Carbonate Market by Country, 2019 - 2022, Hundred Tonnes
- TABLE 68 North America Ethylene Carbonate Market by Country, 2023 - 2030, Hundred Tonnes
- TABLE 69 US Ethylene Carbonate Market, 2019 - 2022, USD Thousands
- TABLE 70 US Ethylene Carbonate Market, 2023 - 2030, USD Thousands
- TABLE 71 US Ethylene Carbonate Market, 2019 - 2022, Hundred Tonnes
- TABLE 72 US Ethylene Carbonate Market, 2023 - 2030, Hundred Tonnes
- TABLE 73 US Ethylene Carbonate Market by End-Use, 2019 - 2022, USD Thousands
- TABLE 74 US Ethylene Carbonate Market by End-Use, 2023 - 2030, USD Thousands
- TABLE 75 US Ethylene Carbonate Market by End-Use, 2019 - 2022, Hundred Tonnes
- TABLE 76 US Ethylene Carbonate Market by End-Use, 2023 - 2030, Hundred Tonnes
- TABLE 77 US Ethylene Carbonate Market by Form, 2019 - 2022, USD Thousands
- TABLE 78 US Ethylene Carbonate Market by Form, 2023 - 2030, USD Thousands
- TABLE 79 US Ethylene Carbonate Market by Form, 2019 - 2022, Hundred Tonnes
- TABLE 80 US Ethylene Carbonate Market by Form, 2023 - 2030, Hundred Tonnes
- TABLE 81 US Ethylene Carbonate Market by Application, 2019 - 2022, USD Thousands
- TABLE 82 US Ethylene Carbonate Market by Application, 2023 - 2030, USD Thousands
- TABLE 83 US Ethylene Carbonate Market by Application, 2019 - 2022, Hundred Tonnes
- TABLE 84 US Ethylene Carbonate Market by Application, 2023 - 2030, Hundred Tonnes
- TABLE 85 Canada Ethylene Carbonate Market, 2019 - 2022, USD Thousands
- TABLE 86 Canada Ethylene Carbonate Market, 2023 - 2030, USD Thousands
- TABLE 87 Canada Ethylene Carbonate Market, 2019 - 2022, Hundred Tonnes
- TABLE 88 Canada Ethylene Carbonate Market, 2023 - 2030, Hundred Tonnes
- TABLE 89 Canada Ethylene Carbonate Market by End-Use, 2019 - 2022, USD Thousands
- TABLE 90 Canada Ethylene Carbonate Market by End-Use, 2023 - 2030, USD Thousands
- TABLE 91 Canada Ethylene Carbonate Market by End-Use, 2019 - 2022, Hundred Tonnes
- TABLE 92 Canada Ethylene Carbonate Market by End-Use, 2023 - 2030, Hundred Tonnes
- TABLE 93 Canada Ethylene Carbonate Market by Form, 2019 - 2022, USD Thousands
- TABLE 94 Canada Ethylene Carbonate Market by Form, 2023 - 2030, USD Thousands
- TABLE 95 Canada Ethylene Carbonate Market by Form, 2019 - 2022, Hundred Tonnes
- TABLE 96 Canada Ethylene Carbonate Market by Form, 2023 - 2030, Hundred Tonnes
- TABLE 97 Canada Ethylene Carbonate Market by Application, 2019 - 2022, USD Thousands
- TABLE 98 Canada Ethylene Carbonate Market by Application, 2023 - 2030, USD Thousands
- TABLE 99 Canada Ethylene Carbonate Market by Application, 2019 - 2022, Hundred Tonnes
- TABLE 100 Canada Ethylene Carbonate Market by Application, 2023 - 2030, Hundred Tonnes
- TABLE 101 Mexico Ethylene Carbonate Market, 2019 - 2022, USD Thousands
- TABLE 102 Mexico Ethylene Carbonate Market, 2023 - 2030, USD Thousands
- TABLE 103 Mexico Ethylene Carbonate Market, 2019 - 2022, Hundred Tonnes
- TABLE 104 Mexico Ethylene Carbonate Market, 2023 - 2030, Hundred Tonnes
- TABLE 105 Mexico Ethylene Carbonate Market by End-Use, 2019 - 2022, USD Thousands
- TABLE 106 Mexico Ethylene Carbonate Market by End-Use, 2023 - 2030, USD Thousands
- TABLE 107 Mexico Ethylene Carbonate Market by End-Use, 2019 - 2022, Hundred Tonnes
- TABLE 108 Mexico Ethylene Carbonate Market by End-Use, 2023 - 2030, Hundred Tonnes
- TABLE 109 Mexico Ethylene Carbonate Market by Form, 2019 - 2022, USD Thousands
- TABLE 110 Mexico Ethylene Carbonate Market by Form, 2023 - 2030, USD Thousands
- TABLE 111 Mexico Ethylene Carbonate Market by Form, 2019 - 2022, Hundred Tonnes
- TABLE 112 Mexico Ethylene Carbonate Market by Form, 2023 - 2030, Hundred Tonnes
- TABLE 113 Mexico Ethylene Carbonate Market by Application, 2019 - 2022, USD Thousands
- TABLE 114 Mexico Ethylene Carbonate Market by Application, 2023 - 2030, USD Thousands
- TABLE 115 Mexico Ethylene Carbonate Market by Application, 2019 - 2022, Hundred Tonnes
- TABLE 116 Mexico Ethylene Carbonate Market by Application, 2023 - 2030, Hundred Tonnes
- TABLE 117 Rest of North America Ethylene Carbonate Market, 2019 - 2022, USD Thousands
- TABLE 118 Rest of North America Ethylene Carbonate Market, 2023 - 2030, USD Thousands
- TABLE 119 Rest of North America Ethylene Carbonate Market, 2019 - 2022, Hundred Tonnes
- TABLE 120 Rest of North America Ethylene Carbonate Market, 2023 - 2030, Hundred Tonnes
- TABLE 121 Rest of North America Ethylene Carbonate Market by End-Use, 2019 - 2022, USD Thousands
- TABLE 122 Rest of North America Ethylene Carbonate Market by End-Use, 2023 - 2030, USD Thousands
- TABLE 123 Rest of North America Ethylene Carbonate Market by End-Use, 2019 - 2022, Hundred Tonnes
- TABLE 124 Rest of North America Ethylene Carbonate Market by End-Use, 2023 - 2030, Hundred Tonnes
- TABLE 125 Rest of North America Ethylene Carbonate Market by Form, 2019 - 2022, USD Thousands
- TABLE 126 Rest of North America Ethylene Carbonate Market by Form, 2023 - 2030, USD Thousands
- TABLE 127 Rest of North America Ethylene Carbonate Market by Form, 2019 - 2022, Hundred Tonnes
- TABLE 128 Rest of North America Ethylene Carbonate Market by Form, 2023 - 2030, Hundred Tonnes
- TABLE 129 Rest of North America Ethylene Carbonate Market by Application, 2019 - 2022, USD Thousands
- TABLE 130 Rest of North America Ethylene Carbonate Market by Application, 2023 - 2030, USD Thousands
- TABLE 131 Rest of North America Ethylene Carbonate Market by Application, 2019 - 2022, Hundred Tonnes
- TABLE 132 Rest of North America Ethylene Carbonate Market by Application, 2023 - 2030, Hundred Tonnes
- TABLE 133 Key Information - MITSUBISHI CHEMICAL HOLDINGS CORPORATION
- TABLE 134 Key Information - Huntsman Corporation
- TABLE 135 Key Information - Thermo Fisher Scientific, Inc.
- TABLE 136 Key Information - BASF SE
- TABLE 137 Key Information - Cole-Parmer Instrument Company, LLC
- TABLE 138 Key Information - Oriental Union Chemical Corp.
- TABLE 139 Key Information - Asahi Kasei Corporation
- TABLE 140 Key Information - Empower Materials, Inc.
- TABLE 141 Key Information - FUJIFILM Wako Pure Chemical Corporation
- TABLE 142 Key Information - Merck KGaA
