Market Overview:
The global battery grade ethylene carbonate (EC) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lithium-ion batteries across the globe. In addition, the growing demand for EC in other applications such as intermediates and agents is also contributing to the growth of this market. Based on type, regular grade EC accounted for a majority share of the global battery grade EC market in 2017. However, high purity grade EC is expected to grow at a higher CAGR during the forecast period owing to its superior properties compared with regular grade EC. Based on application, lithium battery electrolytes accounted for a major share of the global battery grade EC market in 2017.
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Product Definition:
Battery grade ethylene carbonate is a high-purity, organic solvent used in the production of lithium ion batteries. It is a colorless, odorless liquid that is completely water soluble and non-toxic. Battery grade ethylene carbonate helps to improve the performance and life of lithium ion batteries by dissolving lithium salts and preventing them from aggregating into clumps.
Regular Grade:
Regular grade ethylene carbonate (EC) is a transparent, odorless liquid that is primarily used in the production of batteries. It has high purity and low impurity levels which makes it suitable for use in various applications such as plastics, rubber, paints & coatings and printing ink among others. The growth factor for EC market size spans across major application areas including automotive & transportation; consumer goods; electronics; construction chemicals and industrial products among others.
High Purity Grade:
High purity grade of ethylene carbonate (EC) is used in the production of battery grade EC. Battery grade EC has a high demand in various end-use industries such as electrical & electronics, automotive and construction owing to its properties such as low viscosity, high density and excellent thermal stability.
Increasing demand for electric vehicles along with growing concerns regarding global warming due to usage of fossil fuels has resulted in increased use of battery grade ethylene carbonate (EC).
Application Insights:
The lithium battery electrolyte is the most dominant application segment and accounted for over 45% of the total revenue share in 2017. The growth can be attributed to increasing demand from various end-use industries including consumer electronics, automotive, energy storage systems and medical devices. Furthermore, growing concerns regarding environmental pollution due to rising manufacturing activities of conventional products are expected to drive EC consumption for battery grade lithium over the forecast period.
EC is an important raw material used as a feedstock for producing several intermediates and agents that are further utilized in numerous end-use industries such as pharmaceuticals, paints & coatings and plastics among others. However, owing to its scarcity in nature compared with its derivatives such as carbonate or oxalate; EC has been largely replaced by other grades of ethylene carbonate which have greater availability on a global scale coupled with lesser purity requirements which makes it more economical overall.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key battery manufacturers such as Panasonic, Sony Corporation, Samsung SDI Co., Ltd., LG Chem, and Fujitsu Limited in countries such as Japan and China are anticipated to drive regional growth. In addition, increasing demand for electric vehicles across Asia Pacific is also likely to boost EC consumption in this region.
The lithium-ion battery segment is projected to witness significant growth owing to rising demand from portable electronics products along with growing sales of EVs across various countries including China, India, South Korea among others are expected fuel market growth over the next eight years.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This would lead to an increase in the demand for battery grade ethylene carbonate, as it is used in the manufacturing of lithium-ion batteries.
- Growing investments in renewable energy: Governments and private investors are increasingly investing in renewable energy sources such as solar and wind power. This would lead to an increase in the production of battery grade ethylene carbonate, as it is used in the manufacturing of lithium-ion batteries for storage applications.
- Rising demand from China: China is currently the largest market for electric vehicles and renewable energy sources. The country’s aggressive stance on promoting these technologies will result in a high growth rate for both markets, which will subsequently drive up demand for battery grade ethylene carbonate products globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Grade Ethylene Carbonate (EC) Market Research Report
By Type
Regular Grade, High Purity Grade
By Application
Lithium Battery Electrolytes, Intermediates and Agents, Other
By Companies
BASF, Mitsubishi, New Japan Chemical, TOAGOSEI, Huntsman, OUCC, Lixing Chemical, Zhongke Hongye, Haike, Shandong Shida Shenghua, BASF, Hengyang New Energy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Battery Grade Ethylene Carbonate (EC) Market Report Segments:
The global Battery Grade Ethylene Carbonate (EC) market is segmented on the basis of:
Types
Regular Grade, High Purity Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Lithium Battery Electrolytes, Intermediates and Agents, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Mitsubishi
- New Japan Chemical
- TOAGOSEI
- Huntsman
- OUCC
- Lixing Chemical
- Zhongke Hongye
- Haike
- Shandong Shida Shenghua
- BASF
- Hengyang New Energy
 Market Overview.svg)
Highlights of The Battery Grade Ethylene Carbonate (EC) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Regular Grade
- High Purity Grade
- By Application:
- Lithium Battery Electrolytes
- Intermediates and Agents
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Battery Grade Ethylene Carbonate (EC) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Battery grade ethylene carbonate is a type of white powder that is used in the production of batteries. It is a by-product of the manufacturing process for other chemicals, such as ethylene oxide and propylene oxide.
Some of the major players in the battery grade ethylene carbonate (ec) market are BASF, Mitsubishi, New Japan Chemical, TOAGOSEI, Huntsman, OUCC, Lixing Chemical, Zhongke Hongye, Haike, Shandong Shida Shenghua, BASF, Hengyang New Energy.
The battery grade ethylene carbonate (ec) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Grade Ethylene Carbonate (EC) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery Grade Ethylene Carbonate (EC) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Grade Ethylene Carbonate (EC) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery Grade Ethylene Carbonate (EC) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery Grade Ethylene Carbonate (EC) Market Size & Forecast, 2018-2028
4.5.1 Battery Grade Ethylene Carbonate (EC) Market Size and Y-o-Y Growth
4.5.2 Battery Grade Ethylene Carbonate (EC) Market Absolute $ Opportunity
Chapter 5 Global Battery Grade Ethylene Carbonate (EC) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Type
5.2.1 Regular Grade
5.2.2 High Purity Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Battery Grade Ethylene Carbonate (EC) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Applications
6.2.1 Lithium Battery Electrolytes
6.2.2 Intermediates and Agents
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Grade Ethylene Carbonate (EC) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Battery Grade Ethylene Carbonate (EC) Analysis and Forecast
9.1 Introduction
9.2 North America Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Type
9.6.1 Regular Grade
9.6.2 High Purity Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Applications
9.10.1 Lithium Battery Electrolytes
9.10.2 Intermediates and Agents
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Battery Grade Ethylene Carbonate (EC) Analysis and Forecast
10.1 Introduction
10.2 Europe Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Type
10.6.1 Regular Grade
10.6.2 High Purity Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Applications
10.10.1 Lithium Battery Electrolytes
10.10.2 Intermediates and Agents
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Battery Grade Ethylene Carbonate (EC) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Type
11.6.1 Regular Grade
11.6.2 High Purity Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Applications
11.10.1 Lithium Battery Electrolytes
11.10.2 Intermediates and Agents
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Battery Grade Ethylene Carbonate (EC) Analysis and Forecast
12.1 Introduction
12.2 Latin America Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Type
12.6.1 Regular Grade
12.6.2 High Purity Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Applications
12.10.1 Lithium Battery Electrolytes
12.10.2 Intermediates and Agents
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Battery Grade Ethylene Carbonate (EC) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Type
13.6.1 Regular Grade
13.6.2 High Purity Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Battery Grade Ethylene Carbonate (EC) Market Size Forecast by Applications
13.10.1 Lithium Battery Electrolytes
13.10.2 Intermediates and Agents
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery Grade Ethylene Carbonate (EC) Market: Competitive Dashboard
14.2 Global Battery Grade Ethylene Carbonate (EC) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Mitsubishi
14.3.3 New Japan Chemical
14.3.4 TOAGOSEI
14.3.5 Huntsman
14.3.6 OUCC
14.3.7 Lixing Chemical
14.3.8 Zhongke Hongye
14.3.9 Haike
14.3.10 Shandong Shida Shenghua
14.3.11 BASF
14.3.12 Hengyang New Energy
