Thus, the demand for these lubricants is gaining traction, with an increase in demand for manufactured goods and automobiles, leading to the expansion of the ethylene carbonate market.
These lubricants enable the smooth functioning of industrial machinery and automotive engines. Ethylene carbonate acts as a reactive intermediate in the production of lubricants and greases. Among these applications, lubricants accounted for the larger share of the market in 2021. The ethylene carbonate market has been segmented based on applications such as lubricants, lithium battery electrolytes, plasticizers, surface coatings, and others. Therefore it is being largely used in applications such as lithium battery electrolytes, solvents, and reagents, among others.Įthylene carbonate based lubricants enable smooth functioning of automobiles and industrial machinery The liquid form of ethylene carbonate acts as a highly polar solvent, suitable for dissolving large amounts of solute (electrolyte and chemicals).
Among these forms, the liquid form is projected to grow at the fastest rate during the forecast period. The ethylene carbonate market has been segmented based on form as solid and liquid. However, factors, such as the scarcity of raw materials and regulations on the use of ethylene carbonates are likely to hinder the growth of the market.Įxcellent polar solvency capacity is the primary reason behind the fastest growth of liquid form Moreover, An increase in demand for electric vehicles has pushed for battery electrolyte requirements, also translating into growth for the ethylene carbonate market. These lubricants and surface coatings manufacturers are increasingly using ethylene carbonate as a highly polar solvent. Also, many machines utilize surface coatings to reduce the risk of rusting and chemical attacks. Industrial machinery requires lubricants for smooth functioning and reduced wear & tear. The ethylene carbonate industry has driven growth in the industrial sector. The global ethylene carbonate market size is expected to grow from USD 473 million in 2022 to USD 901 million by 2027, at a CAGR of 13.7%, during the forecast period. DUBLIN-( BUSINESS WIRE)-The "Global Ethylene Carbonate Market by Application (Lubricants, Lithium Battery Electrolyte, Plasticizers, Surface Coatings), End-Use Industry (Automotive, Oil & Gas, Industrial, Medical, Personal Care & Hygiene) and Region - Forecast to 2027" report has been added to 's offering.
0 kommentar(er)
