Industry: Chemical & Material
Published Date: 2026-01-17
Pages: 139 Pages
Report ld: 5707041
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Ethylene Carbonate 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 market was valued at US$ 409 million in 2025 and is anticipated to reach US$ 715 million by 2032, at a CAGR of 8.3% from 2026 to 2032.
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 Ethylene Carbonate competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
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%.
This report delivers a comprehensive overview of the global Ethylene Carbonate market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Ethylene Carbonate. The Ethylene Carbonate market size, estimates, and forecasts are provided in terms of shipments (Kilotons) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.
The report segments the global Ethylene Carbonate market comprehensively. Regional market sizes by Type, by Application, by Purity, and by company are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.
This report will assist Ethylene Carbonate manufacturers, new entrants, and companies across the industry value chain with information on revenues, production, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, by Purity, etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Provides a detailed analysis of the competitive landscape for Ethylene Carbonate manufacturers, including prices, production, value-based market shares, latest development plans, and information on mergers and acquisitions.
Chapter 3: Examines Ethylene Carbonate production/output and value by region and country, providing a quantitative assessment of market size and growth potential for each region over the next six years.
Chapter 4: Analyzes Ethylene Carbonate consumption at the regional and country levels. It quantifies market size and growth potential for each region and its key countries, and outlines market development, outlook, addressable space, and national production.
Chapter 5: Analyzes market segments by Type, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities.
Chapter 6: Analyzes market segments by Application, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities in downstream markets.
Chapter 7: Profiles key players, detailing the fundamentals of major companies, including product production/output, value, price, gross margin, product portfolio/introductions, and recent developments.
Chapter 8: Reviews the industry value chain, including upstream and downstream segments.
Chapter 9: Discusses market dynamics and recent developments, including drivers, restraints, challenges and risks for manufacturers, U.S. Tariffs and relevant policy analysis.
Chapter 10: Summarizes the key findings 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.
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TABLE OF CONTENTS
1 Ethylene Carbonate Market Overview
1.1 Product Definition
1.2 Ethylene Carbonate by Type
1.2.1 Global Ethylene Carbonate Market Value Growth Rate Analysis by Type: 2025 vs 2032
1.2.2 Liquid Ethylene Carbonate
1.2.3 Solid Ethylene Carbonate
1.3 Ethylene Carbonate by Purity
1.3.1 Global Ethylene Carbonate Market Value Growth Rate Analysis by Purity: 2025 vs 2032
1.3.2 Purity ≥99.9%
1.3.3 Purity 99.0%-99.9%
1.3.4 Purity <99.0%
1.4 Ethylene Carbonate by Impurity-Control Focus
1.4.1 Global Ethylene Carbonate Market Value Growth Rate Analysis by Impurity-Control Focus: 2025 vs 2032
1.4.2 Low Moisture
1.4.3 Low Acid Number
1.4.4 Low Halides
1.4.5 Low Metals
1.4.6 Others
1.5 Ethylene Carbonate by Grade
1.5.1 Global Ethylene Carbonate Market Value Growth Rate Analysis by Grade: 2025 vs 2032
1.5.2 Industrial Grade
1.5.3 Battery Grade
1.6 Ethylene Carbonate by Application
1.6.1 Global Ethylene Carbonate Market Value Growth Rate Analysis by Application: 2025 vs 2032
1.6.2 Battery Electrolytes
1.6.3 Intermediates and Agents
1.6.4 Textile Industry
1.6.5 Others
1.7 Global Market Growth Prospects
1.7.1 Global Ethylene Carbonate Production Value Estimates and Forecasts (2021–2032)
1.7.2 Global Ethylene Carbonate Production Capacity Estimates and Forecasts (2021–2032)
1.7.3 Global Ethylene Carbonate Production Estimates and Forecasts (2021–2032)
1.7.4 Global Ethylene Carbonate Market Average Price Estimates and Forecasts (2021–2032)
1.8 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Ethylene Carbonate Production Market Share by Manufacturers (2021–2026)
2.2 Global Ethylene Carbonate Production Value Market Share by Manufacturers (2021–2026)
2.3 Global Key Players of Ethylene Carbonate, Industry Ranking, 2024 vs 2025
2.4 Global Ethylene Carbonate Market Share by Company Tier (Tier 1, Tier 2, Tier 3)
2.5 Global Ethylene Carbonate Average Price by Manufacturers (2021–2026)
2.6 Global Key Manufacturers of Ethylene Carbonate, Manufacturing Footprints and Headquarters
2.7 Global Key Manufacturers of Ethylene Carbonate, Product Offerings and Applications
2.8 Global Key Manufacturers of Ethylene Carbonate, Date of Entry into the Industry
2.9 Ethylene Carbonate Market Competitive Situation and Trends
2.9.1 Ethylene Carbonate Market Concentration Rate
2.9.2 Top 5 and Top 10 Global Ethylene Carbonate Players Market Share by Revenue
2.10 Mergers & Acquisitions and Expansion
3 Ethylene Carbonate Production by Region
3.1 Global Ethylene Carbonate Production Value Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.2 Global Ethylene Carbonate Production Value by Region (2021–2032)
3.2.1 Global Ethylene Carbonate Production Value by Region (2021–2026)
3.2.2 Global Forecasted Production Value of Ethylene Carbonate by Region (2027–2032)
3.3 Global Ethylene Carbonate Production Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.4 Global Ethylene Carbonate Production Volume by Region (2021–2032)
3.4.1 Global Ethylene Carbonate Production by Region (2021–2026)
3.4.2 Global Forecasted Production of Ethylene Carbonate by Region (2027–2032)
3.5 Global Ethylene Carbonate Market Price Analysis by Region (2021–2026)
3.6 Global Ethylene Carbonate Production, Value, and Year-over-Year Growth
3.6.1 North America Ethylene Carbonate Production Value Estimates and Forecasts (2021–2032)
3.6.2 Europe Ethylene Carbonate Production Value Estimates and Forecasts (2021–2032)
3.6.3 China Ethylene Carbonate Production Value Estimates and Forecasts (2021–2032)
3.6.4 Japan Ethylene Carbonate Production Value Estimates and Forecasts (2021–2032)
4 Ethylene Carbonate Consumption by Region
4.1 Global Ethylene Carbonate Consumption Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
4.2 Global Ethylene Carbonate Consumption by Region (2021–2032)
4.2.1 Global Ethylene Carbonate Consumption by Region (2021–2026)
4.2.2 Global Ethylene Carbonate Forecasted Consumption by Region (2027–2032)
4.3 North America
4.3.1 North America Ethylene Carbonate Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.3.2 North America Ethylene Carbonate Consumption by Country (2021–2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Ethylene Carbonate Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.4.2 Europe Ethylene Carbonate Consumption by Country (2021–2032)
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 Ethylene Carbonate Consumption Growth Rate by Region: 2021 vs 2025 vs 2032
4.5.2 Asia Pacific Ethylene Carbonate Consumption by Region (2021–2032)
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 Ethylene Carbonate Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.6.2 Latin America, Middle East & Africa Ethylene Carbonate Consumption by Country (2021–2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Ethylene Carbonate Production by Type (2021–2032)
5.1.1 Global Ethylene Carbonate Production by Type (2021–2026)
5.1.2 Global Ethylene Carbonate Production by Type (2027–2032)
5.1.3 Global Ethylene Carbonate Production Market Share by Type (2021–2032)
5.2 Global Ethylene Carbonate Production Value by Type (2021–2032)
5.2.1 Global Ethylene Carbonate Production Value by Type (2021–2026)
5.2.2 Global Ethylene Carbonate Production Value by Type (2027–2032)
5.2.3 Global Ethylene Carbonate Production Value Market Share by Type (2021–2032)
5.3 Global Ethylene Carbonate Price by Type (2021–2032)
6 Segment by Application
6.1 Global Ethylene Carbonate Production by Application (2021–2032)
6.1.1 Global Ethylene Carbonate Production by Application (2021–2026)
6.1.2 Global Ethylene Carbonate Production by Application (2027–2032)
6.1.3 Global Ethylene Carbonate Production Market Share by Application (2021–2032)
6.2 Global Ethylene Carbonate Production Value by Application (2021–2032)
6.2.1 Global Ethylene Carbonate Production Value by Application (2021–2026)
6.2.2 Global Ethylene Carbonate Production Value by Application (2027–2032)
6.2.3 Global Ethylene Carbonate Production Value Market Share by Application (2021–2032)
6.3 Global Ethylene Carbonate Price by Application (2021–2032)
7 Key Companies Profiled
7.1 BASF
7.1.1 BASF Ethylene Carbonate Company Information
7.1.2 BASF Ethylene Carbonate Product Portfolio
7.1.3 BASF Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.1.4 BASF Main Business and Markets Served
7.1.5 BASF Recent Developments/Updates
7.2 Mitsubishi Chemical
7.2.1 Mitsubishi Chemical Ethylene Carbonate Company Information
7.2.2 Mitsubishi Chemical Ethylene Carbonate Product Portfolio
7.2.3 Mitsubishi Chemical Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.2.4 Mitsubishi Chemical Main Business and Markets Served
7.2.5 Mitsubishi Chemical Recent Developments/Updates
7.3 TOAGOSEI
7.3.1 TOAGOSEI Ethylene Carbonate Company Information
7.3.2 TOAGOSEI Ethylene Carbonate Product Portfolio
7.3.3 TOAGOSEI Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.3.4 TOAGOSEI Main Business and Markets Served
7.3.5 TOAGOSEI Recent Developments/Updates
7.4 Huntsman
7.4.1 Huntsman Ethylene Carbonate Company Information
7.4.2 Huntsman Ethylene Carbonate Product Portfolio
7.4.3 Huntsman Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.4.4 Huntsman Main Business and Markets Served
7.4.5 Huntsman Recent Developments/Updates
7.5 OUCC
7.5.1 OUCC Ethylene Carbonate Company Information
7.5.2 OUCC Ethylene Carbonate Product Portfolio
7.5.3 OUCC Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.5.4 OUCC Main Business and Markets Served
7.5.5 OUCC Recent Developments/Updates
7.6 Lixing Chemical
7.6.1 Lixing Chemical Ethylene Carbonate Company Information
7.6.2 Lixing Chemical Ethylene Carbonate Product Portfolio
7.6.3 Lixing Chemical Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.6.4 Lixing Chemical Main Business and Markets Served
7.6.5 Lixing Chemical Recent Developments/Updates
7.7 Zhongke Hongye
7.7.1 Zhongke Hongye Ethylene Carbonate Company Information
7.7.2 Zhongke Hongye Ethylene Carbonate Product Portfolio
7.7.3 Zhongke Hongye Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.7.4 Zhongke Hongye Main Business and Markets Served
7.7.5 Zhongke Hongye Recent Developments/Updates
7.8 Haike
7.8.1 Haike Ethylene Carbonate Company Information
7.8.2 Haike Ethylene Carbonate Product Portfolio
7.8.3 Haike Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.8.4 Haike Main Business and Markets Served
7.8.5 Haike Recent Developments/Updates
7.9 Shandong Shida Shenghua
7.9.1 Shandong Shida Shenghua Ethylene Carbonate Company Information
7.9.2 Shandong Shida Shenghua Ethylene Carbonate Product Portfolio
7.9.3 Shandong Shida Shenghua Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.9.4 Shandong Shida Shenghua Main Business and Markets Served
7.9.5 Shandong Shida Shenghua Recent Developments/Updates
7.10 Kong Lung
7.10.1 Kong Lung Ethylene Carbonate Company Information
7.10.2 Kong Lung Ethylene Carbonate Product Portfolio
7.10.3 Kong Lung Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.10.4 Kong Lung Main Business and Markets Served
7.10.5 Kong Lung Recent Developments/Updates
7.11 Hengyang New Energy
7.11.1 Hengyang New Energy Ethylene Carbonate Company Information
7.11.2 Hengyang New Energy Ethylene Carbonate Product Portfolio
7.11.3 Hengyang New Energy Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.11.4 Hengyang New Energy Main Business and Markets Served
7.11.5 Hengyang New Energy Recent Developments/Updates
7.12 OXIRAN
7.12.1 OXIRAN Ethylene Carbonate Company Information
7.12.2 OXIRAN Ethylene Carbonate Product Portfolio
7.12.3 OXIRAN Ethylene Carbonate Production, Value, Price, and Gross Margin (2021–2026)
7.12.4 OXIRAN Main Business and Markets Served
7.12.5 OXIRAN Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Ethylene Carbonate Industry Chain Analysis
8.2 Ethylene Carbonate Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Ethylene Carbonate Production Modes and Processes
8.4 Ethylene Carbonate Sales and Marketing
8.4.1 Ethylene Carbonate Sales Channels
8.4.2 Ethylene Carbonate Distributors
8.5 Ethylene Carbonate Customer Analysis
9 Ethylene Carbonate Market Dynamics
9.1 Ethylene Carbonate Industry Trends
9.2 Ethylene Carbonate Market Drivers
9.3 Ethylene Carbonate Market Challenges
9.4 Ethylene Carbonate Market Restraints
9.5 Impact of U.S. Tariffs
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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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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