Ethylene Carbonate Market was valued at USD 416.01 Million in 2021, and it is expected to reach USD 1,161.95 Million by 2029, exhibiting a CAGR of 13.7 % during the forecast period (2022-2029)
Ethylene Carbonate Market Overview:
The Ethylene Carbonate market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the Ethylene Carbonate Market, as well as the causes for variances in the industry’s growth across a variety of sectors.
Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
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Segmentation:
Asia-Pacific is estimated to dominate the Ethylene Carbonate market due to its highly developed electronics industry, large production of lithium-ion batteries in China and Japan, and ongoing investments in the area to enhance lithium technology throughout the years. Furthermore, rising government limits on combustion engines in Asia have raised the market for different electric cars in China, Japan, and India, driving up demand for ethylene carbonate in a variety of applications. According to Japan’s Ministry of Economy, Trade, and Sector (METI), Japanese companies have dominated the lithium-ion battery production industry in recent years. These batteries are presently used in devices and automobiles.
Key Players:
• Thermo Fisher Scientific(US)
• Empower Materials(US)
• Huntsman International LLC(US)
• Shandong Senjie Cleantech Co.(US)
• Alfa Aesar(US)
• OUCC (Taiwan)
• Mitsubishi Chemical Holdings Corporation(Japan)
• FUJIFILM Wako Pure Chemical Corporation(Japan)
• TAOGOSEI CO. LTD.(Japan)
• New Japan Chemical Co. Ltd(Japan)
• BASF SE (Germany)
• Merck KGaA(Germany)
• Otto Chemie Pvt. Ltd.(India)
• TCI Chemicals (India) Pvt. Ltd.(India)
• RX Marine International(India)
• Vizag Chemical(India)
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Ethylene Carbonate market are as follows:
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Ethylene Carbonate market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Ethylene Carbonate Market:
End-user industries where Ethylene Carbonate are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Ethylene Carbonate manufacturers, harming the Ethylene Carbonate market’s growth in 2020. End-user business demand for Ethylene Carbonate has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
Key Questions Answered in the Ethylene Carbonate Market Report are:
- In 2021, which segment accounted for the most share of the Ethylene Carbonate market?
- What is the competitive landscape of the Ethylene Carbonate market?
- What are the key factors influencing Ethylene Carbonate market growth?
- In the Ethylene Carbonate market, which region has the most market share?
- What will be the CAGR of the Ethylene Carbonate market during the forecast period (2022-2027)?
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