BATTERY GRADE
ETHYLENE CARBONATE MARKET OVERVIEW
Battery Grade Ethylene Carbonate (EC) is a high-purity solvent crucial for lithium-ion battery electrolytes, offering excellent dielectric properties and thermal stability. Its primary application lies in enhancing the performance and longevity of lithium-ion batteries used in electric vehicles (EVs), energy storage systems, and portable electronics.
MARKET SIZE AND GROWTH
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GLOBAL MARKET
VALUE (2025): USD 1.13 BILLION.
PROJECTED MARKET
VALUE (2030): USD 1.78 BILLION.
COMPOUND ANNUAL GROWTH RATE (CAGR): 9.58% DURING THE FORECAST PERIOD.
MARKET SEGMENTATION
By Type
Solid Form: Dominates the market due to its stability and ease of handling in battery manufacturing processes.
Liquid Form: Gaining traction for specific applications requiring liquid electrolytes.
By Application
Lithium Battery Electrolytes: The largest segment, driven by the expanding EV and portable electronics markets.
Lubricants: Utilized as a high-performance lubricant additive in various industrial applications.
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
MIDDLE EAST & AFRICA
witness gradual growth, mainly in industrial applications
SOUTH AMERICA
shows emerging demand, particularly in Brazil
NORTH AMERICA
sees significant growth driven by EV production and government incentives
EUROPE
experiences steady expansion with a focus on sustainable energy solutions
ASIA-PACIFIC
leads the market due to strong EV adoption and manufacturing hubs in China and Japan
KEY PLAYERS
Toagosei
Mitsubishi
