Industry: Chemical & Material
Published Date: 2025-07-04
Pages: 96 Pages
Report ld: 3525974
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Propylene Carbonate (PC) Market Size(US$)

CAGR 2025-2031
6.4%
Market Size,2031
USD 961
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Propylene Carbonate (PC) was valued at US$ 626 million in the year 2024 and is projected to reach a revised size of US$ 961 million by 2031, growing at a CAGR of 6.4% during the forecast period.
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Propylene Carbonate (PC) competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
Propylene carbonate, a colorless to yellowish liquid with fruity odor, is a kind of VOC-exempt clear polar solvent having high boiling and flash points, a low order of toxicity and a mild ether-like odor. It is stable under most conditions and is not hydroscopic or corrosive. PC is particularly well suited for applications requiring a water white product or high purity.
The Propylene Carbonate (PC) market has been experiencing steady growth, primarily driven by its diverse range of industrial applications and the global push toward environmentally friendly solvents. As a biodegradable and non-toxic compound, PC has gained popularity in sectors such as electronics, pharmaceuticals, and cosmetics, where demand for sustainable and high-performance solvents is rising. Additionally, its use as an electrolyte solvent in lithium-ion batteries is expanding rapidly due to the ongoing growth of the electric vehicle and energy storage markets.
On the supply side, market dynamics are influenced by the availability of propylene oxide, a key raw material, and by regional production capabilities, particularly in Asia-Pacific, which leads global PC production. Regulatory frameworks supporting green chemistry and innovations in battery technology are also shaping market trajectories. As companies continue to invest in cleaner and more efficient chemical processes, the PC market is expected to evolve with increasing emphasis on high-purity grades and performance optimization for advanced applications.
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Propylene Carbonate (PC), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Propylene Carbonate (PC).
The Propylene Carbonate (PC) market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Propylene Carbonate (PC) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Propylene Carbonate (PC) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
BASF
Huntsman
Lyondellbasell
Shida Shenghua Chemical
Daze Group
Shandong Depu Chemical
Hi-tech Spring Chemical
Linyi Evergreen Chemical
Shandong Feiyang Chemical
Lixing Chemical
Kong-lung
Segment by Type
Lithium Battery Grade
Industrial Grade
Segment by Application
Dimethyl Carbonate
Lithium Battery
Industrial Solvent
Others
Production by Region
China
North America
Europe
Consumption by Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East and Africa
Turkey
Saudi Arabia
UAE
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Propylene Carbonate (PC) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Propylene Carbonate (PC) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Propylene Carbonate (PC) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Propylene Carbonate (PC) Market Overview
1.1 Product Definition
1.2 Propylene Carbonate (PC) by Type
1.2.1 Global Propylene Carbonate (PC) Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Lithium Battery Grade
1.2.3 Industrial Grade
1.3 Propylene Carbonate (PC) by Application
1.3.1 Global Propylene Carbonate (PC) Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Dimethyl Carbonate
1.3.3 Lithium Battery
1.3.4 Industrial Solvent
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Propylene Carbonate (PC) Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Propylene Carbonate (PC) Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Propylene Carbonate (PC) Production Estimates and Forecasts (2020-2031)
1.4.4 Global Propylene Carbonate (PC) Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Propylene Carbonate (PC) Production Market Share by Manufacturers (2020-2025)
2.2 Global Propylene Carbonate (PC) Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Propylene Carbonate (PC), Industry Ranking, 2023 VS 2024
2.4 Global Propylene Carbonate (PC) Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Propylene Carbonate (PC) Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Propylene Carbonate (PC), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Propylene Carbonate (PC), Product Offered and Application
2.8 Global Key Manufacturers of Propylene Carbonate (PC), Date of Enter into This Industry
2.9 Propylene Carbonate (PC) Market Competitive Situation and Trends
2.9.1 Propylene Carbonate (PC) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Propylene Carbonate (PC) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Propylene Carbonate (PC) Production by Region
3.1 Global Propylene Carbonate (PC) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Propylene Carbonate (PC) Production Value by Region (2020-2031)
3.2.1 Global Propylene Carbonate (PC) Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Propylene Carbonate (PC) by Region (2026-2031)
3.3 Global Propylene Carbonate (PC) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Propylene Carbonate (PC) Production Volume by Region (2020-2031)
3.4.1 Global Propylene Carbonate (PC) Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Propylene Carbonate (PC) by Region (2026-2031)
3.5 Global Propylene Carbonate (PC) Market Price Analysis by Region (2020-2025)
3.6 Global Propylene Carbonate (PC) Production and Value, Year-over-Year Growth
3.6.1 China Propylene Carbonate (PC) Production Value Estimates and Forecasts (2020-2031)
3.6.2 North America Propylene Carbonate (PC) Production Value Estimates and Forecasts (2020-2031)
3.6.3 Europe Propylene Carbonate (PC) Production Value Estimates and Forecasts (2020-2031)
4 Propylene Carbonate (PC) Consumption by Region
4.1 Global Propylene Carbonate (PC) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Propylene Carbonate (PC) Consumption by Region (2020-2031)
4.2.1 Global Propylene Carbonate (PC) Consumption by Region (2020-2025)
4.2.2 Global Propylene Carbonate (PC) Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Propylene Carbonate (PC) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Propylene Carbonate (PC) Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Propylene Carbonate (PC) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Propylene Carbonate (PC) Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Propylene Carbonate (PC) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Propylene Carbonate (PC) Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Propylene Carbonate (PC) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Propylene Carbonate (PC) Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Propylene Carbonate (PC) Production by Type (2020-2031)
5.1.1 Global Propylene Carbonate (PC) Production by Type (2020-2025)
5.1.2 Global Propylene Carbonate (PC) Production by Type (2026-2031)
5.1.3 Global Propylene Carbonate (PC) Production Market Share by Type (2020-2031)
5.2 Global Propylene Carbonate (PC) Production Value by Type (2020-2031)
5.2.1 Global Propylene Carbonate (PC) Production Value by Type (2020-2025)
5.2.2 Global Propylene Carbonate (PC) Production Value by Type (2026-2031)
5.2.3 Global Propylene Carbonate (PC) Production Value Market Share by Type (2020-2031)
5.3 Global Propylene Carbonate (PC) Price by Type (2020-2031)
6 Segment by Application
6.1 Global Propylene Carbonate (PC) Production by Application (2020-2031)
6.1.1 Global Propylene Carbonate (PC) Production by Application (2020-2025)
6.1.2 Global Propylene Carbonate (PC) Production by Application (2026-2031)
6.1.3 Global Propylene Carbonate (PC) Production Market Share by Application (2020-2031)
6.2 Global Propylene Carbonate (PC) Production Value by Application (2020-2031)
6.2.1 Global Propylene Carbonate (PC) Production Value by Application (2020-2025)
6.2.2 Global Propylene Carbonate (PC) Production Value by Application (2026-2031)
6.2.3 Global Propylene Carbonate (PC) Production Value Market Share by Application (2020-2031)
6.3 Global Propylene Carbonate (PC) Price by Application (2020-2031)
7 Key Companies Profiled
7.1 BASF
7.1.1 BASF Propylene Carbonate (PC) Company Information
7.1.2 BASF Propylene Carbonate (PC) Product Portfolio
7.1.3 BASF Propylene Carbonate (PC) Production, Value, Price and Gross Margin (2020-2025)
7.1.4 BASF Main Business and Markets Served
7.1.5 BASF Recent Developments/Updates
7.2 Huntsman
7.2.1 Huntsman Propylene Carbonate (PC) Company Information
7.2.2 Huntsman Propylene Carbonate (PC) Product Portfolio
7.2.3 Huntsman Propylene Carbonate (PC) Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Huntsman Main Business and Markets Served
7.2.5 Huntsman Recent Developments/Updates
7.3 Lyondellbasell
7.3.1 Lyondellbasell Propylene Carbonate (PC) Company Information
7.3.2 Lyondellbasell Propylene Carbonate (PC) Product Portfolio
7.3.3 Lyondellbasell Propylene Carbonate (PC) Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Lyondellbasell Main Business and Markets Served
7.3.5 Lyondellbasell Recent Developments/Updates
7.4 Shida Shenghua Chemical
7.4.1 Shida Shenghua Chemical Propylene Carbonate (PC) Company Information
7.4.2 Shida Shenghua Chemical Propylene Carbonate (PC) Product Portfolio
7.4.3 Shida Shenghua Chemical Propylene Carbonate (PC) Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Shida Shenghua Chemical Main Business and Markets Served
7.4.5 Shida Shenghua Chemical Recent Developments/Updates
7.5 Daze Group
7.5.1 Daze Group Propylene Carbonate (PC) Company Information
7.5.2 Daze Group Propylene Carbonate (PC) Product Portfolio
7.5.3 Daze Group Propylene Carbonate (PC) Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Daze Group Main Business and Markets Served
7.5.5 Daze Group Recent Developments/Updates
7.6 Shandong Depu Chemical
7.6.1 Shandong Depu Chemical Propylene Carbonate (PC) Company Information
7.6.2 Shandong Depu Chemical Propylene Carbonate (PC) Product Portfolio
7.6.3 Shandong Depu Chemical Propylene Carbonate (PC) Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Shandong Depu Chemical Main Business and Markets Served
7.6.5 Shandong Depu Chemical Recent Developments/Updates
7.7 Hi-tech Spring Chemical
7.7.1 Hi-tech Spring Chemical Propylene Carbonate (PC) Company Information
7.7.2 Hi-tech Spring Chemical Propylene Carbonate (PC) Product Portfolio
7.7.3 Hi-tech Spring Chemical Propylene Carbonate (PC) Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Hi-tech Spring Chemical Main Business and Markets Served
7.7.5 Hi-tech Spring Chemical Recent Developments/Updates
7.8 Linyi Evergreen Chemical
7.8.1 Linyi Evergreen Chemical Propylene Carbonate (PC) Company Information
7.8.2 Linyi Evergreen Chemical Propylene Carbonate (PC) Product Portfolio
7.8.3 Linyi Evergreen Chemical Propylene Carbonate (PC) Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Linyi Evergreen Chemical Main Business and Markets Served
7.8.5 Linyi Evergreen Chemical Recent Developments/Updates
7.9 Shandong Feiyang Chemical
7.9.1 Shandong Feiyang Chemical Propylene Carbonate (PC) Company Information
7.9.2 Shandong Feiyang Chemical Propylene Carbonate (PC) Product Portfolio
7.9.3 Shandong Feiyang Chemical Propylene Carbonate (PC) Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Shandong Feiyang Chemical Main Business and Markets Served
7.9.5 Shandong Feiyang Chemical Recent Developments/Updates
7.10 Lixing Chemical
7.10.1 Lixing Chemical Propylene Carbonate (PC) Company Information
7.10.2 Lixing Chemical Propylene Carbonate (PC) Product Portfolio
7.10.3 Lixing Chemical Propylene Carbonate (PC) Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Lixing Chemical Main Business and Markets Served
7.10.5 Lixing Chemical Recent Developments/Updates
7.11 Kong-lung
7.11.1 Kong-lung Propylene Carbonate (PC) Company Information
7.11.2 Kong-lung Propylene Carbonate (PC) Product Portfolio
7.11.3 Kong-lung Propylene Carbonate (PC) Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Kong-lung Main Business and Markets Served
7.11.5 Kong-lung Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Propylene Carbonate (PC) Industry Chain Analysis
8.2 Propylene Carbonate (PC) Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Propylene Carbonate (PC) Production Mode & Process Analysis
8.4 Propylene Carbonate (PC) Sales and Marketing
8.4.1 Propylene Carbonate (PC) Sales Channels
8.4.2 Propylene Carbonate (PC) Distributors
8.5 Propylene Carbonate (PC) Customer Analysis
9 Propylene Carbonate (PC) Market Dynamics
9.1 Propylene Carbonate (PC) Industry Trends
9.2 Propylene Carbonate (PC) Market Drivers
9.3 Propylene Carbonate (PC) Market Challenges
9.4 Propylene Carbonate (PC) Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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