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.
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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:
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
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:
Types
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.
Applications
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:
- Suzhou Huayi New Energy Technology Co.,Ltd
- Changshu Changel Chemical Co.LTD
 Market Overview.svg)
Highlights of The Vinyl Ethylene Carbonate (VEC) 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:
- Purity ≥99%
- Others
- By Application:
- Additive for Lithium-Ion Battery
- Others
- 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 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
- 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?
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
