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    US Propylene Carbonate Market

    ID: MRFR/CnM/18704-HCR
    111 Pages
    Chitranshi Jaiswal
    September 2025

    US Propylene Carbonate Market Research Report By Form (Pellet, Aqueous, Film, Others) and By Application (Solvent, Binders and adhesives, Coatings, Lithium-ion batteries, Textile dyeing, Others) - Forecast to 2035

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    US Propylene Carbonate Market Research Report - Forecast Report 2035 Infographic
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    US Propylene Carbonate Market Summary

    The US Propylene Carbonate market is projected to grow from 72 USD Million in 2024 to 130 USD Million by 2035.

    Key Market Trends & Highlights

    US Propylene Carbonate Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 5.52% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 130 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 72 USD Million, reflecting the current demand for propylene carbonate in various applications.
    • Growing adoption of eco-friendly solvents due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 72 (USD Million)
    2035 Market Size 130 (USD Million)
    CAGR (2025-2035) 5.52%

    Major Players

    Dow Chemical, Shandong Kexin Chemical Co, BASF, Mitsubishi Chemical, Gujarat Alkalies and Chemicals, LyondellBasell Industries, SABIC, Eastman Chemical, Solvay, Cargill, Tianjin Zhongjin Lingnan Chemical, Stepan Company, MGC Advanced Chemical, Huntsman Corporation

    US Propylene Carbonate Market Trends

    The US Propylene Carbonate Market is experiencing significant growth, driven largely by the rising demand for eco-friendly solvents and chemicals across various industries. As consumers and companies increasingly emphasize sustainability, propylene carbonate is preferred due to its biodegradability and low toxicity. This shift reflects a growing trend towards the adoption of greener alternatives in sectors like electronics, automotive, and pharmaceuticals. Additionally, advancements in battery technology, particularly for electric vehicles, are creating new applications for propylene carbonate as a solvent in the production of electrolytes.

    These developments are fueling the market's expansion in the US.Opportunities in the US market lie in enhancing production processes and exploring new applications, especially in clean energy technologies. The US government’s initiatives to support clean energy and carbon-neutral projects present a chance for manufacturers to innovate in propylene carbonate usage. By aligning with environmental regulations and policies that incentivize cleaner manufacturing practices, the market can capitalize on growing investment in sustainable materials. Furthermore, recent trends indicate a shift towards domestic sourcing of propylene carbonate due to supply chain disruptions experienced during global events.

    US manufacturers are focusing on strengthening local production capabilities to ensure stability and reliability in supply.The collaboration between industry stakeholders and government bodies is likely to foster innovation and investment in propylene carbonate, enhancing its application in diverse sectors. This indicates a proactive market environment where the focus on sustainability and domestic manufacturing can lead to a more robust propylene carbonate industry in the US.

    Market Segment Insights

    Propylene Carbonate Market Form Insights

    The Form segment of the US Propylene Carbonate Market encompasses various types including Pellet, Aqueous, Film, and Others, each contributing uniquely to the overall landscape of the industry. Propylene carbonate is a versatile solvent with applications ranging from paint and coatings to batteries and personal care products. The increasing demand for environmentally friendly solvents has propelled the growth of the aqueous form, as industries seek to comply with stricter regulations concerning volatile organic compounds (VOCs).

    Meanwhile, the pellet form is favored for its ease of handling and precise dosing in manufacturing processes, making it a popular choice among producers focusing on efficiency and sustainability.Film forms are notably significant in the production of membranes and coatings, catering to industries that require advanced material properties. The presence of advanced technology in manufacturing processes enables enhanced performance attributes in all the forms, thus driving growth and innovation within the segment.

    As consumer preferences shift towards sustainable and high-performance products, the diverse forms of propylene carbonate are poised to cater to a broad range of applications, demonstrating the segment's resilience and adaptability in response to market demands.The US market also benefits from a well-established supply chain, making it easier for manufacturers to meet customer needs efficiently. As trends continue to evolve, the interplay between innovation and environmental responsibility will further define the growth trajectories of these forms, positioning them as vital contributors to the expanding US Propylene Carbonate Market.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Propylene Carbonate Market Application Insights

    The US Propylene Carbonate Market is characterized by a diverse range of applications that are driving its growth and development. The solvent application plays a critical role, particularly renowned for its ability to dissolve various materials effectively, making it important in industries such as chemicals and pharmaceuticals. Binders and adhesives represent another vital application, offering significant bonding capabilities which are crucial for construction and manufacturing sectors.

    Additionally, the coatings segment utilizes propylene carbonate for its superior solvent properties, enabling high-performance paints and surface finishes.The rise of electric vehicles has fostered growth in lithium-ion batteries, where propylene carbonate is preferred for its electrochemical stability and safety. In textile dyeing, this compound facilitates enhanced color penetration and vibrancy, contributing to better product quality. The remaining applications encompass various lesser-known uses that cumulatively contribute to market evolution, reflecting a trend towards more sustainable and versatile chemical solutions.

    As the US market continues to expand, these applications signify evolving consumer demands and technological advancements, indicating robust growth potential across the board in coming years.

    Get more detailed insights about US Propylene Carbonate Market Research Report - Forecast Report 2035

    Key Players and Competitive Insights

    The US Propylene Carbonate Market exhibits a dynamic competitive landscape characterized by a mix of established players and emerging companies. This sector is influenced by various factors including technological advancements, regulatory environment, and shifts in consumer preferences. Companies operating in this market are focusing on innovation, operational efficiency, and strategic partnerships to strengthen their position. The market dynamics are shaped by demand from diverse end-use sectors such as paints, coatings, and chemical intermediates, each necessitating high-performance solutions.

    With the growing emphasis on sustainability, companies are exploring eco-friendly production methods and investing in the development of bio-based alternatives to meet market needs.Dow Chemical stands as a significant player in the US Propylene Carbonate Market, leveraging its extensive experience and technological expertise to advance its product offerings. The company boasts a strong market presence due to its well-established distribution networks and a solid reputation for quality and reliability. Dow Chemical's strengths lie in its robust research and development capabilities, which enhance its ability to innovate and respond to customer needs efficiently.

    As an established entity in the chemicals sector, the company also benefits from considerable economies of scale, allowing it to maintain competitive pricing while ensuring high production standards. Dow's commitment to sustainability further bolsters its position in the market, aligning its operations with growing environmental concerns and regulatory mandates.Shandong Kexin Chemical Co has been progressively expanding its footprint in the US Propylene Carbonate Market, aiming to capitalize on the growing demand for this solvent. The company offers a range of chemical products, with propylene carbonate being a key focus area among its offerings.

    Shandong Kexin Chemical Co is recognized for its competitive pricing strategies and a commitment to high-quality standards that meet industry specifications. Although primarily based in Asia, Shandong Kexin Chemical Co's efforts to enter the US market include strategic alliances and localization initiatives that enhance its accessibility to American customers. With ongoing investments in expanding production capabilities and exploring potential mergers and acquisitions, the company seeks to solidify its market share and address the increasing demand from various applications in the region.

    Key Companies in the US Propylene Carbonate Market market include

    Industry Developments

    Recent developments in the US Propylene Carbonate Market have indicated a growing demand for eco-friendly solvents, with companies like Dow Chemical expanding their production capacities to meet this trend. As of October 2023, BASF and Mitsubishi Chemical also focused on enhancing their sustainability efforts, thus increasing the utilization of propylene carbonate in battery electrolyte applications, especially for electric vehicles. Despite a challenging economic backdrop, growth in market valuation has been marked, reflecting shifts towards greener alternatives. Over the past few years, mergers and acquisitions have also influenced the market dynamics.

    Notably, in June 2022, LyondellBasell Industries announced the acquisition of a chemical plant that specializes in propylene derivatives, enhancing their portfolio. Meanwhile, companies like SABIC and Eastman Chemical are continuously investing in Research and Development to innovate new applications for propylene carbonate in consumer products and pharmaceuticals. The increasing interest in renewable resources has further solidified the position of leading players like Solvay and Huntsman Corporation in the US market, underlining a shift towards sustainable industrial practices. Overall, the US Propylene Carbonate Market reflects significant transformations driven by demand for environmentally friendly solutions and advancements in chemical manufacturing technology.

    Market Segmentation

    Outlook

    • Solvent
    • Binders and adhesives
    • Coatings
    • Lithium-ion batteries
    • Textile dyeing
    • Others

    Propylene Carbonate Market Form Outlook

    • Pellet
    • Aqueous
    • Film
    • Others

    Propylene Carbonate Market Application Outlook

    • Solvent
    • Binders and adhesives
    • Coatings
    • Lithium-ion batteries
    • Textile dyeing
    • Others

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 67.5(USD Million)
    MARKET SIZE 2024 72.0(USD Million)
    MARKET SIZE 2035 130.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 5.518% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Dow Chemical, Shandong Kexin Chemical Co, BASF, Mitsubishi Chemical, Gujarat Alkalies and Chemicals, LyondellBasell Industries, SABIC, Eastman Chemical, Solvay, Cargill, Tianjin Zhongjin Lingnan Chemical, Stepan Company, MGC Advanced Chemical, Huntsman Corporation
    SEGMENTS COVERED Form, Application
    KEY MARKET OPPORTUNITIES Growing demand in green solvents, Expansion in battery electrolytes, Increased use in pharmaceuticals, Rising applications in electronics, Advancements in sustainable packaging
    KEY MARKET DYNAMICS growing demand in solvents, increasing applications in batteries, strict environmental regulations, innovation in production processes, rising focus on sustainable alternatives
    COUNTRIES COVERED US

    FAQs

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

    The US Propylene Carbonate Market is expected to be valued at 72.0 million USD in 2024.

    What is the projected market size for the US Propylene Carbonate Market by 2035?

    By 2035, the US Propylene Carbonate Market is projected to reach a value of 130.0 million USD.

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

    The expected CAGR for the US Propylene Carbonate Market from 2025 to 2035 is 5.518%.

    Who are the major players in the US Propylene Carbonate Market?

    Key players in the US Propylene Carbonate Market include Dow Chemical, BASF, Mitsubishi Chemical, and LyondellBasell Industries.

    What is the market value for the Pellet form of Propylene Carbonate in 2024?

    The market value for the Pellet form of Propylene Carbonate is expected to be 20.0 million USD in 2024.

    How much is the Aqueous form of Propylene Carbonate expected to be valued at in 2035?

    In 2035, the Aqueous form of Propylene Carbonate is expected to be valued at 45.0 million USD.

    What market size is projected for the Film form of Propylene Carbonate by 2035?

    The Film form of Propylene Carbonate is projected to reach 27.0 million USD by 2035.

    What challenges does the US Propylene Carbonate Market currently face?

    The US Propylene Carbonate Market currently faces challenges such as fluctuating raw material prices and environmental regulations.

    What are the key applications driving growth in the US Propylene Carbonate Market?

    Key applications driving growth in the US Propylene Carbonate Market include solvents, electrochemical applications, and specialty chemicals.

    Which form of Propylene Carbonate is expected to see the highest growth rate from 2025 to 2035?

    The Aqueous form of Propylene Carbonate is expected to see the highest growth rate from 2025 to 2035.

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