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The lubricants segment is projected to lead ethylene carbonate market till 2022

The ethylene carbonate market has been segmented on the basis of application, end-use industry, and region. The lithium battery electrolytes segment is projected to witness a high growth due to the need for high power and energy density, which has increased the demand for reliable and safe batteries for industries, such as automotive and consumer electronics. Some major driving factors for the growth of this market include an increase in demand for Electric Vehicles (EV), stringent government mandates on fuel economy, rise in demand for smart devices and other consumer electronics, and developments to enhance Li-ion batteries.

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The lubricants segment is projected to lead ethylene carbonate market till 2022

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  1. Ethylene Carbonate Market Ethylene Carbonate Market worth 355.1 Million USD by 2022 View Full Report @ https://bit.ly/2RJ4lXn

  2. Introduction • The report "Ethylene Carbonate Market by Application (Lithium Battery Electrolytes, Lubricants, Plasticizers, Surface Coatings), End-use Industry (Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene), and Region - Global Forecast to 2022", • The global ethylene carbonate market is projected to grow from USD 264.8 Million in 2017 to USD 355.1 Million by 2022, at a CAGR of 6.0% in terms of value from 2017 to 2022. • The increase in demand for high-quality ethylene carbonate produced by various companies such as Huntsman, BASF, and Mitsubishi Chemical, is the key factor driving the ethylene carbonate market. View Full Report @ https://bit.ly/2RJ4lXn

  3. Drivers & Restrains • The growth of the ethylene carbonate market is primarily driven by the increasing demand for ethylene carbonate across various applications, such as lithium batteries electrolytes, lubricants, coatings, and plasticizers. • However, factors such as the scarcity of raw materials and regulations over the use of ethylene carbonate are restraining the growth of this market. • Regulations regarding the use of ethylene carbonate is likely to get flexible in the near future (as there are no direct substitutes available for the end-use industries) and therefore, is anticipated to have less impact on the growth of this market. View Full Report @ https://bit.ly/2RJ4lXn

  4. Industry Insights • The ethylene carbonate market has been segmented on the basis of application, end-use industry, and region. • The lithium battery electrolytes segment is projected to witness a high growth due to the need for high power and energy density, which has increased the demand for reliable and safe batteries for industries, such as automotive and consumer electronics. • However, factors such as overheating of lithium-ion batteries causing security concerns and inadequate charging infrastructure act as restraints for the growth of the lithium battery electrolytes segment. • The automotive segment is expected to lead the ethylene carbonate market during the forecast period. View Full Report @ https://bit.ly/2RJ4lXn

  5. Regional Insights • Asia Pacific, Europe, and North American regions are the major markets for ethylene carbonate. • The ethylene carbonate market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. • The increasing demand for lubricants from oil & gas, industrial, and automotive industries is driving the growth of the ethylene carbonate market in Asia Pacific. • The increase in demand is due to the growing population and economic growth in China and Taiwan. • China, Taiwan, South Korea, and Japan are the leading consumers of ethylene carbonate in Asia Pacific. View Full Report @ https://bit.ly/2RJ4lXn

  6. Key Players • The market ecosystem for ethylene carbonate starts with raw material manufacturers and suppliers. • Raw materials are procured by ethylene oxide manufacturers to produce ethylene carbonate by reacting ethylene oxide and carbon dioxide. • Ethylene carbonate is mainly used as a polar solvent to produce dimethyl carbonate through transesterification with methanol. • Some of the major companies involved in the production of ethylene carbonate are Oriental Union Chemical Corporation (Taiwan), BASF (Germany), Mitsubishi Chemical (Japan), Huntsman Corporation (US), and Toagosei (Japan). View Full Report @ https://bit.ly/2RJ4lXn

  7. About Us • MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. • Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach Markets and Markets™ for their pain points around revenues decisions. • MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. View Full Report @ https://bit.ly/2RJ4lXn

  8. How Markets & Markets is different? • Most-detailed market segmentation in the industry • In-depth analysis of patents and profiles of key market players providing a competitive landscape • Market data for segments such as technologies, services & applications across geographies • High level analysis of major market segments and identification of opportunities. View Full Report @ https://bit.ly/2RJ4lXn

  9. Contact Us: Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com View Full Report @ https://bit.ly/2RJ4lXn

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