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.
Free Valuable Insights: The Ethylene Carbonate Market is Predict to reach $970.4 Million by 2030, at a CAGR of 8.6%
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)
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
Key Market Players
List of Companies Profiled in the Report:
- 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
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
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Ethylene Carbonate Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting ethylene carbonate market
FIG 4 Porter’s Five Forces Analysis - ethylene carbonate market
FIG 5 North America Ethylene Carbonate Market share by End-Use, 2022
FIG 6 North America Ethylene Carbonate Market share by End-Use, 2030
FIG 7 North America Ethylene Carbonate Market by End-Use, 2019 - 2030, USD Thousands
FIG 8 North America Ethylene Carbonate Market share by Form, 2022
FIG 9 North America Ethylene Carbonate Market share by Form, 2030
FIG 10 North America Ethylene Carbonate Market by Form, 2019 - 2030, USD Thousands
FIG 11 North America Ethylene Carbonate Market share by Application, 2022
FIG 12 North America Ethylene Carbonate Market share by Application, 2030
FIG 13 North America Ethylene Carbonate Market by Application, 2019 - 2030, USD Thousands
FIG 14 North America Ethylene Carbonate Market share by Country, 2022
FIG 15 North America Ethylene Carbonate Market share by Country, 2030
FIG 16 North America Ethylene Carbonate Market by Country, 2019 - 2030, USD Thousands
FIG 17 SWOT Analysis: Mitsubishi Chemical Holdings Corporation
FIG 18 SWOT Analysis: Huntsman Corporation
FIG 19 SWOT Analysis: Thermo Fisher Scientific, Inc.
FIG 20 SWOT Analysis: BASF SE
FIG 21 SWOT Analysis: Cole-Parmer Instrument Company, LLC
FIG 22 SWOT Analysis: Empower Materials, Inc.
FIG 23 SWOT Analysis: Fujifilm Wako Pure Chemical Corporation
FIG 24 SWOT Analysis: Merck KGaA