Industry: Chemical & Material
Published Date: 2026-01-17
Pages: 92 Pages
Report ld: 5563464
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Ethylene Carbonate (EC) Market Size(US$)

CAGR 2026-2032
8.3%
Market Size,2032
USD 715
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Ethylene Carbonate (EC) market size was US$ 409 million in 2025 and is forecast to reach a readjusted size of US$ 715 million by 2032 with a CAGR of 8.3% during the forecast period 2026-2032.
Ethylene Carbonate (usually shortened to EC) is a cyclic carbonate solvent with the formula C₃H₄O₃ (often written as (CH₂O)₂CO). In simple words, it is a small organic molecule that behaves like a high-polarity solvent. At room temperature it is often a colorless, almost odorless crystalline solid, and it melts around the mid-30 °C range into a colorless liquid. Public chemical references describe it as a colorless liquid or crystalline solid and identify it with CAS 96-49-1. Because EC is polar, it can dissolve many salts and polar compounds. That one property—high polarity—explains a lot of why EC is valuable: it is a strong solvent for ions, which is exactly what you want in electrolytes and some specialty formulations.
From a market-definition point of view, the Ethylene Carbonate market includes EC sold as a chemical product across different purity levels and use cases. The market is usually split by grade, because different uses require very different impurity control. For example, “battery grade” EC is sold with extremely tight impurity limits such as very low water and low acid content. In contrast, industrial uses like solvent blends or plasticizer-type roles can tolerate higher impurity levels, so industrial grade can have looser specs and different packaging.
On the supply side, EC is most commonly produced by reacting ethylene oxide (EO) with carbon dioxide (CO₂) to form the cyclic carbonate ring. This route is widely described in technical literature and patents: EO + CO₂ → EC, usually with a catalyst. This production pathway is often discussed as “atom-efficient” because both main reactants end up in the product molecule rather than creating large byproduct streams, and it is also frequently discussed under the broader theme of CO₂ utilization (using CO₂ as a feedstock). In practical industrial terms, however, the true cost and scale depend less on the chemistry idea and more on real factors like EO availability, plant safety management (EO is hazardous), catalyst lifetime, purification needs, energy for distillation, and the ability to meet tight impurity specs for battery customers.
In 2025, global Ethylene Carbonate (EC) production reached approximately 286.3 K MT, with an average global market price of around US$ 1429 per MT. The global single-line production capacity ranges from 10 to 20 K MT per year. The industry's gross profit margin is approximately 25%-35%.
Because batteries are the largest growth engine, the EC market trend is closely linked to EV and energy-storage expansion, plus the general growth of lithium-ion cells used in consumer electronics and power tools. As battery production scales, the electrolyte supply chain becomes more industrialized: more long-term supply agreements, more focus on quality systems, and more pressure to guarantee consistent “battery-grade” material. This directly drives demand for higher-purity EC, better moisture control, cleaner packaging, and stronger logistics practices. The presence of strict “battery grade” specs in chemical catalogs is one visible sign of how the market has shifted toward tighter impurity control and standardized quality targets.
At the same time, a key trend within batteries is that electrolyte chemistry is evolving, and EC is sometimes criticized for certain failure modes at higher voltage or specific electrode chemistries. There is active research on “EC-free” or reduced-EC electrolytes aimed at improving high-voltage stability or safety performance, which shows that the market is not static. For example, government and academic publications discuss EC’s role and also its susceptibility to certain decomposition pathways under demanding conditions, motivating new electrolyte designs. This does not automatically mean EC demand collapses—rather, it means the market is splitting into more segments. Many cells still use EC heavily, while some next-generation formulations may reduce EC content or pair it with additives (like fluorinated carbonates) to tune interphase behavior. In practical market terms, this creates both risk and opportunity: established EC suppliers can defend volume by meeting performance requirements and developing higher-purity grades, while innovators may capture value by supporting new electrolyte formulations that need different carbonate blends.
Beyond batteries, EC has a second set of demand drivers that matter for the “baseline” market. EC is used as a high-polarity solvent and also shows up as a functional additive in some formulations. Chemical suppliers commonly describe EC use in areas such as plasticizer roles and organic synthesis contexts, reflecting that EC is not only a battery solvent but also a versatile specialty solvent/intermediate. In lubricants and coatings, highly polar solvents can help with solubility and formulation stability, and in synthesis EC can act as a reactive carbonate source in certain transformations. Even if these non-battery uses are smaller than battery demand in growth terms, they provide a stabilizing base for EC consumption and can become more important when battery cycles soften.
The players cover BASF, Mitsubishi, OUCC, TOAGOSEI, Huntsman, and Shandong Shida Shenghua etc. Global top 5 players hold a share over 60%.
The global Ethylene Carbonate (EC) market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2021-2032.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, segment-level executive summary (by Type, by Application) and market evolution across the short, mid and long term
Chapter 2: Quantitative analysis of Ethylene Carbonate (EC) sales and revenue at global, regional, and country levels, highlighting market size and growth potential by region
Chapter 3: Competitive landscape of Ethylene Carbonate (EC) manufacturers (sales, revenue, pricing, market share, industry rankings, and M&A / expansion plans)
Chapter 4: by Type-based segmentation analysis (sales, revenue, pricing, and growth potential) to identify blue-ocean product segments
Chapter 5: by Application-based segmentation analysis (sales, revenue, pricing, and growth potential) to uncover high-value downstream markets
Chapter 6: Regional breakdown by company, customer, by Type and by Application (sales, revenue, and pricing for each segment)
Chapter 7: Key manufacturer profiles –company overview, Ethylene Carbonate (EC) product descriptions and specifications, revenue, gross margins, and recent developments
Chapter 8: Industry chain analysis – upstream raw materials, manufacturing links, and downstream application sectors
Chapter 9: Sales channels and distributor analysis – routes to market and key customer interfaces
Chapter 10: Market dynamics – trends, drivers, restraints, risks for manufacturers, and the impact of relevant industry policies
Chapter 11: Key findings, main takeaways, and overall conclusions of the report.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Ethylene Carbonate (EC) value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
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 Market Overview
1.1 Ethylene Carbonate (EC) Product Scope
1.2 Ethylene Carbonate (EC) by Type
1.2.1 Global Ethylene Carbonate (EC) Sales by Type (2021, 2025 & 2032)
1.2.2 Industrial Grade
1.2.3 Battery Grade
1.3 Ethylene Carbonate (EC) by Application
1.3.1 Global Ethylene Carbonate (EC) Sales Comparison by Application (2021, 2025 & 2032)
1.3.2 Battery Electrolytes
1.3.3 Intermediates and Agents
1.3.4 Textile Industry
1.3.5 Others
1.4 Global Ethylene Carbonate (EC) Market Estimates and Forecasts (2021-2032)
1.4.1 Global Ethylene Carbonate (EC) Market Size (Value) and Growth Rate (2021-2032)
1.4.2 Global Ethylene Carbonate (EC) Market Size (Volume) and Growth Rate (2021-2032)
1.4.3 Global Ethylene Carbonate (EC) Price Trends (2021-2032)
1.5 Assumptions and Limitations
2 Market Size and Prospects by Region
2.1 Global Ethylene Carbonate (EC) Market Size by Region: 2021 VS 2025 VS 2032
2.2 Global Ethylene Carbonate (EC) Historical Market Scenario by Region (2021-2026)
2.2.1 Global Ethylene Carbonate (EC) Sales Market Share by Region (2021-2026)
2.2.2 Global Ethylene Carbonate (EC) Revenue Market Share by Region (2021-2026)
2.3 Global Ethylene Carbonate (EC) Market Estimates and Forecasts by Region (2027-2032)
2.3.1 Global Ethylene Carbonate (EC) Sales Estimates and Forecasts by Region (2027-2032)
2.3.2 Global Ethylene Carbonate (EC) Revenue Forecast by Region (2027-2032)
2.4 Major Regions and Emerging Market Analysis
2.4.1 North America Ethylene Carbonate (EC) Market Size and Prospects (2021-2032)
2.4.2 Europe Ethylene Carbonate (EC) Market Size and Prospects (2021-2032)
2.4.3 China Ethylene Carbonate (EC) Market Size and Prospects (2021-2032)
2.4.4 Japan Ethylene Carbonate (EC) Market Size and Prospects (2021-2032)
3 Global Market Size by Type
3.1 Global Ethylene Carbonate (EC) Historical Market Review by Type (2021-2026)
3.1.1 Global Ethylene Carbonate (EC) Sales by Type (2021-2026)
3.1.2 Global Ethylene Carbonate (EC) Revenue by Type (2021-2026)
3.1.3 Global Ethylene Carbonate (EC) Average Price by Type (2021-2026)
3.2 Global Ethylene Carbonate (EC) Market Estimates and Forecasts by Type (2027-2032)
3.2.1 Global Ethylene Carbonate (EC) Sales Forecast by Type (2027-2032)
3.2.2 Global Ethylene Carbonate (EC) Revenue Forecast by Type (2027-2032)
3.2.3 Global Ethylene Carbonate (EC) Price Forecast by Type (2027-2032)
3.3 Representative Players for Different Types of Ethylene Carbonate (EC)
4 Global Market Size by Application
4.1 Global Ethylene Carbonate (EC) Historical Market Review by Application (2021-2026)
4.1.1 Global Ethylene Carbonate (EC) Sales by Application (2021-2026)
4.1.2 Global Ethylene Carbonate (EC) Revenue by Application (2021-2026)
4.1.3 Global Ethylene Carbonate (EC) Average Price by Application (2021-2026)
4.2 Global Ethylene Carbonate (EC) Market Estimates and Forecasts by Application (2027-2032)
4.2.1 Global Ethylene Carbonate (EC) Sales Forecast by Application (2027-2032)
4.2.2 Global Ethylene Carbonate (EC) Revenue Forecast by Application (2027-2032)
4.2.3 Global Ethylene Carbonate (EC) Price Forecast by Application (2027-2032)
4.3 New Sources of Growth in Ethylene Carbonate (EC) Applications
5 Competition Landscape by Players
5.1 Global Ethylene Carbonate (EC) Sales by Player (2021-2026)
5.2 Global Top Ethylene Carbonate (EC) Players by Revenue (2021-2026)
5.3 Global Ethylene Carbonate (EC) Market Share by Company Type (Tier 1, Tier 2, and Tier 3), based on Ethylene Carbonate (EC) revenue as of 2025
5.4 Global Ethylene Carbonate (EC) Average Price by Company (2021-2026)
5.5 Global Key Manufacturers of Ethylene Carbonate (EC), Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Ethylene Carbonate (EC), Product Type & Application
5.7 Global Key Manufacturers of Ethylene Carbonate (EC), Date of Entry into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Regional Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Ethylene Carbonate (EC) Sales by Company
6.1.1.1 North America Ethylene Carbonate (EC) Sales by Company (2021-2026)
6.1.1.2 North America Ethylene Carbonate (EC) Revenue by Company (2021-2026)
6.1.2 North America Ethylene Carbonate (EC) Sales Breakdown by Type (2021-2026)
6.1.3 North America Ethylene Carbonate (EC) Sales Breakdown by Application (2021-2026)
6.1.4 North America Ethylene Carbonate (EC) Major Customers
6.1.5 North America Market Trends and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Ethylene Carbonate (EC) Sales by Company
6.2.1.1 Europe Ethylene Carbonate (EC) Sales by Company (2021-2026)
6.2.1.2 Europe Ethylene Carbonate (EC) Revenue by Company (2021-2026)
6.2.2 Europe Ethylene Carbonate (EC) Sales Breakdown by Type (2021-2026)
6.2.3 Europe Ethylene Carbonate (EC) Sales Breakdown by Application (2021-2026)
6.2.4 Europe Ethylene Carbonate (EC) Major Customers
6.2.5 Europe Market Trends and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Ethylene Carbonate (EC) Sales by Company
6.3.1.1 China Ethylene Carbonate (EC) Sales by Company (2021-2026)
6.3.1.2 China Ethylene Carbonate (EC) Revenue by Company (2021-2026)
6.3.2 China Ethylene Carbonate (EC) Sales Breakdown by Type (2021-2026)
6.3.3 China Ethylene Carbonate (EC) Sales Breakdown by Application (2021-2026)
6.3.4 China Ethylene Carbonate (EC) Major Customers
6.3.5 China Market Trends and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Ethylene Carbonate (EC) Sales by Company
6.4.1.1 Japan Ethylene Carbonate (EC) Sales by Company (2021-2026)
6.4.1.2 Japan Ethylene Carbonate (EC) Revenue by Company (2021-2026)
6.4.2 Japan Ethylene Carbonate (EC) Sales Breakdown by Type (2021-2026)
6.4.3 Japan Ethylene Carbonate (EC) Sales Breakdown by Application (2021-2026)
6.4.4 Japan Ethylene Carbonate (EC) Major Customers
6.4.5 Japan Market Trends and Opportunities
7 Company Profiles and Key Figures
7.1 BASF
7.1.1 BASF Company Information
7.1.2 BASF Business Overview
7.1.3 BASF Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.1.4 BASF Ethylene Carbonate (EC) Products Offered
7.1.5 BASF Recent Development
7.2 Mitsubishi Chemical
7.2.1 Mitsubishi Chemical Company Information
7.2.2 Mitsubishi Chemical Business Overview
7.2.3 Mitsubishi Chemical Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.2.4 Mitsubishi Chemical Ethylene Carbonate (EC) Products Offered
7.2.5 Mitsubishi Chemical Recent Development
7.3 TOAGOSEI
7.3.1 TOAGOSEI Company Information
7.3.2 TOAGOSEI Business Overview
7.3.3 TOAGOSEI Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.3.4 TOAGOSEI Ethylene Carbonate (EC) Products Offered
7.3.5 TOAGOSEI Recent Development
7.4 Huntsman
7.4.1 Huntsman Company Information
7.4.2 Huntsman Business Overview
7.4.3 Huntsman Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.4.4 Huntsman Ethylene Carbonate (EC) Products Offered
7.4.5 Huntsman Recent Development
7.5 OUCC
7.5.1 OUCC Company Information
7.5.2 OUCC Business Overview
7.5.3 OUCC Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.5.4 OUCC Ethylene Carbonate (EC) Products Offered
7.5.5 OUCC Recent Development
7.6 Lixing Chemical
7.6.1 Lixing Chemical Company Information
7.6.2 Lixing Chemical Business Overview
7.6.3 Lixing Chemical Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.6.4 Lixing Chemical Ethylene Carbonate (EC) Products Offered
7.6.5 Lixing Chemical Recent Development
7.7 Zhongke Hongye
7.7.1 Zhongke Hongye Company Information
7.7.2 Zhongke Hongye Business Overview
7.7.3 Zhongke Hongye Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.7.4 Zhongke Hongye Ethylene Carbonate (EC) Products Offered
7.7.5 Zhongke Hongye Recent Development
7.8 Haike
7.8.1 Haike Company Information
7.8.2 Haike Business Overview
7.8.3 Haike Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.8.4 Haike Ethylene Carbonate (EC) Products Offered
7.8.5 Haike Recent Development
7.9 Shandong Shida Shenghua
7.9.1 Shandong Shida Shenghua Company Information
7.9.2 Shandong Shida Shenghua Business Overview
7.9.3 Shandong Shida Shenghua Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.9.4 Shandong Shida Shenghua Ethylene Carbonate (EC) Products Offered
7.9.5 Shandong Shida Shenghua Recent Development
7.10 Kong Lung
7.10.1 Kong Lung Company Information
7.10.2 Kong Lung Business Overview
7.10.3 Kong Lung Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.10.4 Kong Lung Ethylene Carbonate (EC) Products Offered
7.10.5 Kong Lung Recent Development
7.11 Hengyang New Energy
7.11.1 Hengyang New Energy Company Information
7.11.2 Hengyang New Energy Business Overview
7.11.3 Hengyang New Energy Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.11.4 Hengyang New Energy Ethylene Carbonate (EC) Products Offered
7.11.5 Hengyang New Energy Recent Development
7.12 OXIRAN
7.12.1 OXIRAN Company Information
7.12.2 OXIRAN Business Overview
7.12.3 OXIRAN Ethylene Carbonate (EC) Sales, Revenue and Gross Margin (2021-2026)
7.12.4 OXIRAN Ethylene Carbonate (EC) Products Offered
7.12.5 OXIRAN Recent Development
8 Ethylene Carbonate (EC) Manufacturing Cost Analysis
8.1 Ethylene Carbonate (EC) Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Ethylene Carbonate (EC)
8.4 Ethylene Carbonate (EC) Industrial Chain Analysis
9 Marketing Channels, Distributors and Customers
9.1 Marketing Channels
9.2 Ethylene Carbonate (EC) Distributors List
9.3 Ethylene Carbonate (EC) Customers
10 Ethylene Carbonate (EC) Market Dynamics
10.1 Ethylene Carbonate (EC) Industry Trends
10.2 Ethylene Carbonate (EC) Market Drivers
10.3 Ethylene Carbonate (EC) Market Challenges
10.4 Ethylene Carbonate (EC) Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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Ethylene carbonate (sometimes abbreviated EC) is the organic compound with the formula (CH2O)2CO. It is classified as the carbonate ester of ethylene glycol and carbonic acid. At room temperature (25 °C) ethylene carbonate is a transparent crystalline solid, practically odorless and colorless, and somewhat soluble in water. In the liquid state (m.p. 34-37 °C) it is a colorless odorless liquid.
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Ethylene carbonate (sometimes abbreviated EC) is the organic compound with the formula (CH2O)2CO. It is classified as the carbonate ester of ethylene glycol and carbonic acid. At room temperature (25 °C) ethylene carbonate is a transparent crystalline solid, practically odorless and colorless, and somewhat soluble in water. In the liquid state (m.p. 34-37 °C) it is a colorless odorless liquid.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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