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US Ethylene Carbonate Market

ID: MRFR/CnM/19752-HCR
111 Pages
Chitranshi Jaiswal
October 2025

US Ethylene Carbonate Market Research Report: By Form (solid, liquid), By Application (lithium battery electrolytes, lubricants, plasticizers, surface coatings, chemical intermediates, fiber processing agents dyes, others) and By End Use Industry (automotive, oil & gas, textile, chemical, medical, personal care & hygiene, agriculture, others) - Forecast to 2035

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US Ethylene Carbonate Market Summary

As per Market Research Future analysis, the US ethylene carbonate market Size was estimated at 122.55 USD Million in 2024. The US ethylene carbonate market is projected to grow from 132.94 USD Million in 2025 to 300.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 8.4% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US ethylene carbonate market is experiencing robust growth driven by diverse applications and sustainability efforts.

  • Rising demand in battery applications is propelling the US ethylene carbonate market forward.
  • Sustainability initiatives are increasingly influencing production practices and consumer preferences.
  • The automotive sector emerges as the largest segment, while pharmaceuticals represent the fastest-growing segment.
  • Technological advancements in production and the expansion of renewable energy sources are key market drivers.

Market Size & Forecast

2024 Market Size 122.55 (USD Million)
2035 Market Size 300.0 (USD Million)
CAGR (2025 - 2035) 8.48%

Major Players

Mitsubishi Chemical Corporation (JP), BASF SE (DE), Shenzhen Capchem Technology Co Ltd (CN), Huntsman Corporation (US), Mitsui Chemicals Inc (JP), Eastman Chemical Company (US), Solvay SA (BE), LyondellBasell Industries N.V. (NL)

US Ethylene Carbonate Market Trends

The ethylene carbonate market is currently experiencing notable developments driven by various factors. The increasing demand for this compound in applications such as solvents, electrolytes, and plasticizers is evident. Ethylene carbonate is recognized for its unique properties, including high polarity and low volatility, making it suitable for diverse industrial uses. Furthermore, the growing emphasis on sustainable practices and eco-friendly materials is influencing production methods and product formulations. As industries seek to reduce their environmental footprint, the ethylene carbonate market is likely to adapt to these changing preferences, potentially leading to innovations in production processes and applications. In addition, regulatory frameworks are shaping the landscape of the ethylene carbonate market. Stricter environmental regulations may encourage manufacturers to explore greener alternatives and enhance safety measures in production. This shift could result in a more competitive market environment, where companies that prioritize sustainability may gain a significant advantage. Overall, the ethylene carbonate market appears poised for growth, driven by evolving consumer preferences, regulatory pressures, and technological advancements that may redefine its applications and production methodologies.

Rising Demand in Battery Applications

The ethylene carbonate market is witnessing an increase in demand due to its critical role in battery electrolytes, particularly in lithium-ion batteries. As the push for electric vehicles and renewable energy storage solutions intensifies, the need for efficient and stable electrolytes becomes paramount. Ethylene carbonate's properties enhance battery performance, making it a preferred choice among manufacturers.

Sustainability Initiatives

There is a growing trend towards sustainability within the ethylene carbonate market. Manufacturers are increasingly focusing on eco-friendly production methods and sourcing raw materials responsibly. This shift aligns with broader industry goals to minimize environmental impact and cater to consumer preferences for sustainable products.

Regulatory Influences

Regulatory frameworks are significantly impacting the ethylene carbonate market. Stricter environmental regulations are prompting companies to innovate and adopt safer production practices. Compliance with these regulations not only enhances product safety but also positions companies favorably in a market that increasingly values sustainability.

Market Segment Insights

By Form: Liquid (Largest) vs. Solid (Fastest-Growing)

In the US ethylene carbonate market, the liquid form holds the largest share, driven by its widespread use in various applications such as solvents and electrolyte solutions. Solid forms, while smaller in market share, are rapidly gaining traction due to their advantages in specific industrial applications. This dynamic distribution underscores the distinct preferences among end-users looking for specific solution characteristics. Growth trends indicate that the solid form is emerging as a significant player in the market, largely fueled by innovations in processing and production technologies. The continuous demand for more sustainable and efficient solutions is pushing manufacturers to adapt and invest in solid forms, which are regarded as effective alternatives in specialized applications. This shift hints at a future where solid forms may potentially close the gap with their liquid counterparts.

Form: Liquid (Dominant) vs. Solid (Emerging)

Liquid ethylene carbonate is currently the dominant segment in the market, celebrated for its versatility and efficiency in various applications, including battery electrolyte solutions and solvent formulations. Its properties make it a preferred choice among consumers and industries, leading to its substantial market presence. Meanwhile, solid ethylene carbonate, although considered emerging, is gaining popularity owing to its unique benefits, such as easier handling and transport, and is expected to see significant growth. As industries increasingly seek innovative and efficient materials, the solid form's attributes position it favorably for future expansion, potentially transforming market dynamics.

By Application: Lithium Battery Electrolytes (Largest) vs. Plasticizers (Fastest-Growing)

The application segment of the US ethylene carbonate market is characterized by varied uses, with lithium battery electrolytes holding the largest share due to their critical role in energy storage solutions. Following closely are lubricants and plasticizers, each contributing significantly to the overall market distribution. Surface coatings and chemical intermediates also claim notable shares, while fiber processing agents and dyes occupy smaller niches within the market. Growth trends within the application segment are influenced primarily by advancements in battery technology and the rising demand for electric vehicles. The increasing focus on sustainability and eco-friendly alternatives is driving growth in emerging applications such as plasticizers. Moreover, innovations in lubricants and surface coatings are expected to further enhance market dynamics, positioning these segments for robust growth in the coming years.

Lithium Battery Electrolytes (Dominant) vs. Plasticizers (Emerging)

Lithium battery electrolytes serve as the cornerstone of the US ethylene carbonate market, driven by the surge in electric vehicle production and energy storage requirements. Their superior conductivity and stability make them essential for high-performance batteries. In contrast, plasticizers represent an emerging segment, gaining traction due to the growing demand for flexible plastic materials in various industries. As manufacturers seek to improve product performance and sustainability, the adoption of eco-friendly plasticizers is on the rise. Both segments are integral to the market, but lithium battery electrolytes currently dominate, while plasticizers are fast gaining momentum as a vital alternative.

By End Use Industry: Automotive (Largest) vs. Medical (Fastest-Growing)

In the US ethylene carbonate market, the automotive sector holds the largest market share, driven by increasing demand for lightweight materials and efficient battery solutions in electric vehicles. This sector is followed closely by the medical sector, which has been rapidly gaining traction due to the rising need for advanced healthcare products and biocompatible materials. The textile and chemical industries also contribute significantly, showcasing a diverse market distribution among various end uses. Growth trends indicate a robust expansion in the medical and personal care & hygiene sectors, fueled by innovations in material technology and increased consumer health awareness. The agricultural and oil & gas industries are also experiencing gradual growth, supported by evolving regulatory frameworks and emphasis on sustainability. Furthermore, the versatility of ethylene carbonate across multiple applications solidifies its role as a vital component in these industries.

Personal Care & Hygiene (Dominant) vs. Agriculture (Emerging)

In the US ethylene carbonate market, the personal care & hygiene sector is recognized as a dominant player, leveraging ethylene carbonate's excellent solvency properties and compatibility in various formulations like cosmetics, shampoos, and skin care products. On the other hand, the agricultural sector is characterized as an emerging segment, where ethylene carbonate is increasingly used in agrochemical formulations, providing advantages such as increased efficacy and reduced environmental impact. The growing need for sustainable practices and organic products further propels this sector's demand. As consumer preferences shift towards greener solutions, ethylene carbonate's adaptability positions it favorably in both established and nascent markets.

Get more detailed insights about US Ethylene Carbonate Market

Key Players and Competitive Insights

The ethylene carbonate market exhibits a dynamic competitive landscape characterized by innovation and strategic positioning among key players. Major companies such as Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), and Huntsman Corporation (US) are actively shaping the market through various strategies. Mitsubishi Chemical Corporation (Japan) focuses on expanding its product portfolio and enhancing production capabilities, while BASF SE (Germany) emphasizes sustainability and digital transformation in its operations. Huntsman Corporation (US) is leveraging partnerships to enhance its market reach and operational efficiency. Collectively, these strategies contribute to a competitive environment that is increasingly driven by technological advancements and sustainability initiatives.

In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance responsiveness to market demands. The market structure appears moderately fragmented, with several players vying for market share. However, the influence of key players is substantial, as their strategic initiatives often set industry standards and drive innovation across the sector.

In October 2025, BASF SE (Germany) announced a significant investment in a new production facility aimed at increasing its ethylene carbonate output. This move is strategically important as it aligns with the growing demand for sustainable solvents and electrolytes in battery applications, particularly in the electric vehicle sector. By enhancing production capacity, BASF SE positions itself to capture a larger share of the market while reinforcing its commitment to sustainability.

In September 2025, Huntsman Corporation (US) entered into a strategic partnership with a leading battery manufacturer to develop advanced electrolyte solutions utilizing ethylene carbonate. This collaboration is indicative of Huntsman's focus on innovation and its intent to leverage emerging trends in the battery market. The partnership not only enhances Huntsman's product offerings but also strengthens its position in a rapidly evolving industry.

In August 2025, Eastman Chemical Company (US) launched a new line of bio-based ethylene carbonate products, reflecting its commitment to sustainability and innovation. This initiative is particularly relevant as consumers and industries increasingly prioritize environmentally friendly solutions. By diversifying its product range, Eastman Chemical Company aims to meet the growing demand for sustainable materials, thereby enhancing its competitive edge.

As of November 2025, current trends in the ethylene carbonate market are heavily influenced by digitalization, sustainability, and the integration of artificial intelligence in production processes. Strategic alliances are becoming increasingly vital, as companies seek to enhance their technological capabilities and market reach. The competitive landscape is shifting from traditional price-based competition to a focus on innovation, technology, and supply chain reliability. This evolution suggests that companies that prioritize these aspects will likely emerge as leaders in the market.

Key Companies in the US Ethylene Carbonate Market market include

Industry Developments

In recent months, the US Ethylene Carbonate Market has witnessed significant developments. Companies such as BASF and Evonik Industries have been actively expanding their production capabilities to meet the increasing demand for batteries and specialty chemicals, particularly in the electric vehicle sector. In July 2023, LyondellBasell announced plans to enhance their ethylene carbonate production through advanced manufacturing technologies, aligning with sustainability goals set forth by industry regulations. There have been reports regarding the growth in market valuation for Kraton Corporation and SABIC, attributed to their strategic partnerships focused on innovation and eco-friendly solutions.

Additionally, in August 2023, Eastman Chemical Company completed a merger with a key player in the chemical sector to fortify its market position and broaden its product offerings. Over the past couple of years, Shijiazhuang Hongsheng Chemical made headlines in October 2022 by securing government contracts that boosted its operational scale in the US. These ongoing developments reflect a dynamic market landscape heavily influenced by technological advancements and rising environmental standards. As companies continue to navigate these trends, the US Ethylene Carbonate Market is set to evolve rapidly, driven by both consumer demand and regulatory frameworks.

Future Outlook

US Ethylene Carbonate Market Future Outlook

The ethylene carbonate market is projected to grow at 8.48% CAGR from 2024 to 2035, driven by increasing demand in battery applications and solvent industries.

New opportunities lie in:

  • Expansion into biodegradable packaging solutions
  • Development of high-performance battery electrolytes
  • Investment in advanced recycling technologies for ethylene carbonate

By 2035, the market is expected to achieve robust growth, driven by innovation and strategic investments.

Market Segmentation

US Ethylene Carbonate Market Form Outlook

  • Solid
  • Liquid

US Ethylene Carbonate Market Application Outlook

  • Lithium Battery Electrolytes
  • Lubricants
  • Plasticizers
  • Surface Coatings
  • Chemical Intermediates
  • Fiber Processing Agents
  • Dyes
  • Others

US Ethylene Carbonate Market End Use Industry Outlook

  • Automotive
  • Oil & Gas
  • Textile
  • Chemical
  • Medical
  • Personal Care & Hygiene
  • Agriculture
  • Others

Report Scope

MARKET SIZE 2024122.55(USD Million)
MARKET SIZE 2025132.94(USD Million)
MARKET SIZE 2035300.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)8.48% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["Mitsubishi Chemical Corporation (JP)", "BASF SE (DE)", "Shenzhen Capchem Technology Co Ltd (CN)", "Huntsman Corporation (US)", "Mitsui Chemicals Inc (JP)", "Eastman Chemical Company (US)", "Solvay SA (BE)", "LyondellBasell Industries N.V. (NL)"]
Segments CoveredForm, Application, End Use Industry
Key Market OpportunitiesGrowing demand for sustainable solvents and electrolytes in energy storage applications presents opportunities in the ethylene carbonate market.
Key Market DynamicsRising demand for sustainable solvents drives innovation and competition in the ethylene carbonate market.
Countries CoveredUS

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FAQs

What is the expected market size of the US Ethylene Carbonate Market in 2024?

The US Ethylene Carbonate Market is expected to be valued at 132.86 million USD in 2024.

What will be the market value of the US Ethylene Carbonate Market by 2035?

By 2035, the US Ethylene Carbonate Market is anticipated to reach a valuation of 404.32 million USD.

What is the expected compound annual growth rate (CAGR) for the US Ethylene Carbonate Market from 2025 to 2035?

The market is expected to grow at a CAGR of 10.647% from 2025 to 2035.

Which form is projected to hold the larger market share in the US Ethylene Carbonate Market by 2035?

The liquid form of ethylene carbonate is projected to be valued at 283.2 million USD by 2035.

Who are the key players in the US Ethylene Carbonate Market?

Notable players include BASF, Mitsubishi Chemical, and SABIC among others.

What are the estimated values for solid and liquid forms of the US Ethylene Carbonate Market in 2024?

In 2024, the solid form is valued at 40.0 million USD while the liquid form is valued at 92.86 million USD.

How does the US Ethylene Carbonate Market drive various applications?

Ethylene carbonate is widely used in the production of lithium-ion batteries and as a solvent in various chemical processes.

What are the emerging trends in the US Ethylene Carbonate Market?

There’s an increasing demand for eco-friendly solvents and materials, driving growth in the ethylene carbonate sector.

What challenges does the US Ethylene Carbonate Market currently face?

Challenges include regulatory hurdles and competition from alternative solvents.

What will be the market growth rate for the liquid form of US Ethylene Carbonate Market from 2025 to 2035?

The liquid form is anticipated to experience significant growth, contributing to the overall CAGR of 10.647% for the market during this period.

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