The global demand for Propylene Carbonate Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Propylene carbonate is an electrochemical solvent that is polar and aprotic. It is considered eco-friendly and is best suited for applications that require a solvent with high purity. This solvent is less toxic, VOC exempt, has a low evaporation rate, high dielectric constant, non-corrosive, and high chemical stability. It is used in cosmetics and electronics, where recycling is a common phenomenon. Other applications include painting, coating, a cleaning agent in industrial and consumer cleaner, plasticizer, pesticide formulations, lithium battery, natural gas purification, an auxiliary in the pigment and dyes, and synthetic fiber spinning solvent, photosensitive chemicals, and transportation equipment. It plays a crucial role in the medical field by developing nano-based drug delivery systems.
The surge in demand for lithium-ion batteries in modern-day electrical systems and this chemical labeled as green energy will be the main factors leading to this market's growth. Increased use of this chemical in industrial processes, paints, coatings, and pharmaceuticals will propel market growth. Metamorphic cultural transformation and the growing demand for organic personal care products will create lucrative market growth opportunities. The high demand for electric vehicles, along with the ever-expanding electronics industry, will be a market booster. The barriers hurting this market's growth are higher costs of raw materials, flammable characteristics, and stringent government regulations.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of propylene carbonate.
The entire Propylene Carbonate market has been sub-categorized into application, end-use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End-use Industry
- Others (Chemical Intermediates)
- Cosmetic & Personal Care
- Paints & Coatings
- Energy & Power
- Others (Metal Industry)
This section covers regional segmentation which accentuates on current and future demand for propylene carbonate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Propylene Carbonate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the propylene carbonate market include BASF SE, Huntsman International LLC., LyondellBasell Industries Holdings B.V., Empower Materials, Anmol Chemicals Group, Kowa India Pvt.Ltd., ReactChem Co. Ltd., Shenghua Group Holdings Co. Ltd., Taixing Fengming Chemical, Lixing Chemical. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.