Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Vinyl Ethylene Carbonate (VEC) Market by Type (Purity ≥99%, Others), By Application (Additive for Lithium-Ion Battery, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Vinyl Ethylene Carbonate (VEC) Market by Type (Purity ≥99%, Others), By Application (Additive for Lithium-Ion Battery, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 458103 4200 Chemical & Material 377 142 Pages 4.9 (44)

Market Overview:

The global vinyl ethylene carbonate (VEC) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lithium-ion batteries across the globe. Vinyl ethylene carbonate is used as an additive in lithium-ion batteries, which helps in improving performance and life cycle of these batteries. Additionally, rising demand for electric vehicles is also expected to fuel the growth of this market during the forecast period.

Global Vinyl Ethylene Carbonate (VEC) Industry Outlook

Product Definition:

vinyl ethylene carbonate (VEC) is a colorless, odorless, and slightly viscous liquid that is soluble in water and organic solvents. VEC is used as a solvent for lacquers, coatings, inks, adhesives, and other applications.

Purity ≥99%:

Purity 99% is a special grade of polyethylene which contains no impurities or other compounds. It has the highest molecular weight of any commercially available polyethylene and hence it is used in applications where high-molecular-weight polymers are required. Purity 99% PE has many industrial uses, such as packaging solutions, plastic films & sheets, fibers & composites for automotive applications and engineering plastics among others.


Others are the other raw materials used in vinyl ethylene carbonate (VEC) production. They include catalysts, additives and fillers. The others segment is expected to witness significant growth over the forecast period owing to its increasing demand for VEC production.

The VEC market has witnessed a rise in demand from various end-use industries such as paints & coatings, adhesives & sealants.

Application Insights:

The additive for lithium-ion batteries application segment led the global vinyl ethylene carbonate (VEC) market and accounted for more than 45% of the revenue share in 2017. The demand is anticipated to increase with rising demand for electric vehicles and growing concerns regarding greenhouse gas emissions.

Increasing VE usage as an additive in PVC production is expected to drive product demand over the forecast period. It acts as a catalyst, improves process efficiency and reduces operating costs when compared to other additives used in PVC manufacturing processes such as PTA, SBR or Terephthalic Acid (TPA). This factor along with others such as favorable regulations supporting green buildings construction are expected to propel product consumption over the next eight years.

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 manufacturers such as Nippon Kayaku, Inex Chemical, SINOPEC Dongying Petrochemical Corporation and others has fueled the demand for VEC in China. Growing automotive industry coupled with increasing lithium-ion battery production capacity by companies such as Panasonic, Samsung SDI Co., Ltd., LG Chem Ltd. is projected to drive product consumption further.

Europe accounted for a significant share of revenue in 2017 owing to high demand from end-use industries including construction, electronics and automobile batteries among others.

North America emerged as one of the prominent consumers due to growing lithium-ion battery manufacturing capacity by companies like Exide Technologies; Johnson Controls; Odyssey Battery LLC.; and Orica Limited among others which are based out of U.

Growth Factors:

  • Increasing demand from end-use industries such as automotive and construction sectors
  • Rising production of polyvinyl chloride (PVC) in Asia Pacific region
  • Growing application of VEC in manufacturing flexible PVC products
  • Rising investment by key players for expansion of VEC capacities
  • Technological advancements for production of high quality VEC

Scope Of The Report

Report Attributes

Report Details

Report Title

Vinyl Ethylene Carbonate (VEC) Market Research Report

By Type

Purity ≥99%, Others

By Application

Additive for Lithium-Ion Battery, Others

By Companies

Suzhou Huayi New Energy Technology Co.,Ltd, Changshu Changel Chemical Co.LTD

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Vinyl Ethylene Carbonate (VEC) Market Report Segments:

The global Vinyl Ethylene Carbonate (VEC) market is segmented on the basis of:


Purity ≥99%, Others

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.


Additive for Lithium-Ion Battery, Others

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:

  1. Suzhou Huayi New Energy Technology Co.,Ltd
  2. Changshu Changel Chemical Co.LTD

Global Vinyl Ethylene Carbonate (VEC) Market Overview

Highlights of The Vinyl Ethylene Carbonate (VEC) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Purity ≥99%
    2. Others
  1. By Application:

    1. Additive for Lithium-Ion Battery
    2. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Vinyl Ethylene Carbonate (VEC) 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
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  • Product & Brand Management
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Global Vinyl Ethylene Carbonate (VEC) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Vinyl ethylene carbonate (VEC) is a type of plastic that is made from the carbon-based compound ethylene. The plastic is heated until it becomes a liquid, and then it is poured into molds to create objects. VEC can be used to make items such as bottles, food containers, and toys.

Some of the major companies in the vinyl ethylene carbonate (vec) market are Suzhou Huayi New Energy Technology Co.,Ltd, Changshu Changel Chemical Co.LTD.

The vinyl ethylene carbonate (vec) market is expected to register a CAGR of 5.5%.

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vinyl Ethylene Carbonate (VEC) 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 Vinyl Ethylene Carbonate (VEC) Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Vinyl Ethylene Carbonate (VEC) 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 Vinyl Ethylene Carbonate (VEC) 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 Vinyl Ethylene Carbonate (VEC) Market Size & Forecast, 2020-2028       4.5.1 Vinyl Ethylene Carbonate (VEC) Market Size and Y-o-Y Growth       4.5.2 Vinyl Ethylene Carbonate (VEC) Market Absolute $ Opportunity

Chapter 5 Global  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  Market Size Forecast by Type
      5.2.1 Purity ≥99%
      5.2.2 Others
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  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  Market Size Forecast by Applications
      6.2.1 Additive for Lithium-Ion Battery
      6.2.2 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Vinyl Ethylene Carbonate (VEC) 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 Vinyl Ethylene Carbonate (VEC) 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  Analysis and Forecast
   9.1 Introduction
   9.2 North America  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  Market Size Forecast by Type
      9.6.1 Purity ≥99%
      9.6.2 Others
   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  Market Size Forecast by Applications
      9.10.1 Additive for Lithium-Ion Battery
      9.10.2 Others
   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  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  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  Market Size Forecast by Type
      10.6.1 Purity ≥99%
      10.6.2 Others
   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  Market Size Forecast by Applications
      10.10.1 Additive for Lithium-Ion Battery
      10.10.2 Others
   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  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  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  Market Size Forecast by Type
      11.6.1 Purity ≥99%
      11.6.2 Others
   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  Market Size Forecast by Applications
      11.10.1 Additive for Lithium-Ion Battery
      11.10.2 Others
   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  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  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  Market Size Forecast by Type
      12.6.1 Purity ≥99%
      12.6.2 Others
   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  Market Size Forecast by Applications
      12.10.1 Additive for Lithium-Ion Battery
      12.10.2 Others
   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)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  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)  Market Size Forecast by Type
      13.6.1 Purity ≥99%
      13.6.2 Others
   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)  Market Size Forecast by Applications
      13.10.1 Additive for Lithium-Ion Battery
      13.10.2 Others
   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 Vinyl Ethylene Carbonate (VEC) Market: Competitive Dashboard
   14.2 Global Vinyl Ethylene Carbonate (VEC) Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Suzhou Huayi New Energy Technology Co.,Ltd
      14.3.2 Changshu Changel Chemical Co.LTD

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