Global Industrial Grade Propylene Carbonate Market 2025-2032

Automotive Adhesives & Sealants Market Overview

The Industrial Grade Propylene Carbonate Market refers to the commercial ecosystem involving the production, distribution, and application of propylene carbonate (PC) in industrial processes.

Propylene carbonate is a high-purity solvent known for its excellent solvency, low toxicity, and biodegradable properties, making it highly desirable in various industries. It is primarily used as an electrolyte solvent in lithium-ion and sodiumion batteries, but its applications extend to coatings, adhesives, and other industrial solvents. The market is segmented based on purity levels (≥99%, ≥99.5%, and others) and applications (Dimethyl Carbonate, Industrial Solvent, and others). Leading manufacturers such as BASF and Huntsman dominate the sector, with significant production bases in China and North America.

Market Value & Growth Projections

Market Value & Growth

Projections:

• Market Value in 2024 : USD 87 million

• Projected Value by 2031: USD 386 million • CAGR 20.4% (2024–2031)

Key Market Drivers:

EV and renewable energy growth

Need for advanced battery technologies

Market Segmentation

By Type

By Region

Dimethyl Carbonate

Industrial Solvent

North America:

Regional Market Analysis

North America is a mature market for industrial-grade propylene carbonate, largely driven by the increasing demand for high-performance battery electrolytes and industrial solvents. The United States and Canada are the primary consumers, with industries such as automotive and electronics propelling market growth. Stringent environmental regulations in the region also foster the adoption of low-toxicity alternatives like propylene carbonate.

Europ:

Europe holds a significant share in the propylene carbonate market, with Germany, France, and the U.K. leading regional demand. The growth is primarily attributed to the region's strong emphasis on renewable energy solutions, particularly lithium-ion and sodium-ion batteries. Additionally, the European Union’s strict regulatory framework on volatile organic compounds (VOCs) encourages the use of eco-friendly solvents like propylene carbonate.