The global ethylene carbonate market size was valued at USD 184.2 million in 2024. The market is expected to grow from USD 206.8 million in 2025 to USD 412.6 million by 2032 at a CAGR of 10.4% during the forecast period. Asia Pacific dominated the ethylene carbonate market with a market share of 63.02% in 2024.

Ethylene carbonate has emerged as an ideal solvent for different applications owing to its efficacy of providing high solubility and polarity against water. The market growth can be attributed to the growing demand for lithium-ion batteries and supercapacitors.

Fortune Business Insights™ provides this information in its research report, titled “Ethylene Carbonate Market, 2025-2032”.

Get a sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/sample/ethylene-carbonate-market-107266

List of Key Players Mentioned in the Report:

• BASF SE (Germany)
• Huntsman International LLC (U.S.)
• Indorama Ventures Public Company Limited (Thailand)
• Lotte Chemical (South Korea)
• Mitsubishi Chemical Group Corporation (Japan)
• Hi-Tech Spring (China)
• Oriental Union Chemical Corporation (OUCC) (Taiwan)
• Shandong Haike Chemical Group (China)
• Shandong Shida Shenghua Chemical Group Co. Ltd. (China)
• Toagosei Co., Ltd. (Japan)

Segmentation:

Increasing Demand for Lithium Batteries to Augment the Battery Grade Segment Growth

In terms of grade, the market is divided into industrial grade, battery grade, and electronic grade. The battery grade segment is anticipated to expand at the fastest annual growth rate during the forecast period. The growth in the demand for lithium batteries in which the product is deployed as an electrolyte is fostering the battery grade segment growth.

Lithium Battery Electrolyte Segment to Secure Largest Share Due to Surging Demand for Lithium-ion Batteries