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US Ethylene Carbonate Market

ID: MRFR/CnM/19752-HCR
111 Pages
Chitranshi Jaiswal
October 2025

US Ethylene Carbonate Market Research Report: By Form (solid, liquid), By Application (lithium battery electrolytes, lubricants, plasticizers, surface coatings, chemical intermediates, fiber processing agents dyes, others) and By End Use Industry (automotive, oil & gas, textile, chemical, medical, personal care & hygiene, agriculture, others) - Forecast to 2035

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US Ethylene Carbonate Market Summary

As per analysis, the US ethylene carbonate market is projected to grow from USD 109.42 Million in 2024 to USD 119.5 Million in 2025, exhibiting a compound annual growth rate (CAGR) of 9.21% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US ethylene carbonate market is experiencing robust growth driven by diverse applications and technological advancements.

  • The solvent segment remains the largest contributor to the US ethylene carbonate market, primarily due to its extensive use in coatings and adhesives.
  • The electrolyte segment is the fastest-growing, fueled by increasing demand for battery applications in electric vehicles and consumer electronics.
  • In the automotive sector, ethylene carbonate is widely utilized, while the electronics segment is rapidly expanding, reflecting a shift towards advanced technologies.
  • Key market drivers include rising demand in electric vehicles and regulatory support for green chemistry initiatives.

Market Size & Forecast

2024 Market Size 109.42 (USD Million)
2035 Market Size 288.45 (USD Million)
CAGR (2025 - 2035) 9.21%

Major Players

BASF SE (DE), Mitsubishi Chemical Corporation (JP), Solvay SA (BE), Eastman Chemical Company (US), Huntsman Corporation (US), Shin-Etsu Chemical Co., Ltd. (JP), DOW Inc. (US), LyondellBasell Industries N.V. (NL)

US Ethylene Carbonate Market Trends

The US ethylene carbonate market is currently experiencing a notable transformation, driven by various factors including advancements in technology and increasing demand from diverse applications. Ethylene carbonate, a colorless and odorless liquid, is primarily utilized as a solvent in lithium-ion batteries, which are gaining traction in the electric vehicle sector. This growing interest in sustainable energy solutions appears to be propelling the market forward, as manufacturers seek to enhance battery performance and longevity. Furthermore, the chemical's role in the production of specialty polymers and as a plasticizer in various industries indicates a broadening scope of applications, which may further stimulate market growth. In addition to technological advancements, regulatory frameworks in the United States are evolving, potentially impacting the production and usage of ethylene carbonate. Stricter environmental regulations may encourage manufacturers to adopt greener practices, thereby influencing the sourcing and processing of raw materials. This shift towards sustainability could lead to increased investments in research and development, fostering innovation within the US ethylene carbonate market. As the landscape continues to evolve, stakeholders must remain vigilant to adapt to these changes and capitalize on emerging opportunities.

Rising Demand in Battery Applications

The US ethylene carbonate market is witnessing a surge in demand primarily due to its critical role in lithium-ion batteries. As electric vehicles gain popularity, manufacturers are increasingly utilizing ethylene carbonate to enhance battery efficiency and performance. This trend suggests a robust future for the market as the automotive sector continues to embrace electrification.

Regulatory Influences on Production

Regulatory frameworks in the United States are becoming more stringent, particularly concerning environmental sustainability. These regulations may compel manufacturers in the US ethylene carbonate market to adopt eco-friendly practices and technologies. Consequently, this could lead to a shift in production methods, emphasizing the need for compliance and innovation.

Expansion into Specialty Polymers

The US ethylene carbonate market is diversifying as it finds applications in the production of specialty polymers. This expansion indicates a growing recognition of ethylene carbonate's versatility, which may attract new players and investments. As industries seek advanced materials, the market's potential for growth appears promising.

Market Segment Insights

By Application: Solvent (Largest) vs. Electrolyte (Fastest-Growing)

In the US ethylene carbonate market, the application segment is primarily dominated by solvents, which hold the largest share. This is attributed to their extensive use in various industrial processes, such as cleaning and degreasing, where effective dilution and surface coverage are critical. Other segments, including electrolytes, plasticizers, intermediates, and additives, also contribute to the market but do so to a lesser extent, creating a clear distinction in market share among these applications. Such diversification underscores the varying roles each application plays in different sectors, from electronics to coatings.

Electrolyte (Dominant) vs. Plasticizer (Emerging)

Electrolytes, leveraged predominantly in battery applications, are witnessing rapid adoption and are considered a dominant force in the ethylene carbonate market. Their high conductivity and stability make them ideal for lithium-ion batteries, crucial for the growing electric vehicle sector. In contrast, plasticizers, though emerging, are gaining traction for their role in improving the flexibility and durability of polymers. As industries seek sustainable and high-performance materials, plasticizers' demand is expected to rise, positioning them as a key player. Their development is driven by innovations in polymer chemistry, aligning with trends toward more eco-friendly alternatives.

By End Use: Automotive (Largest) vs. Electronics (Fastest-Growing)

In the US ethylene carbonate market, the end use segmentation reveals that automotive applications dominate the market share, significantly outpacing other sectors. This is largely due to the increased utilization of ethylene carbonate in battery electrolytes for electric vehicles, which has steadily risen in recent years. Meanwhile, the electronics sector, although comparatively smaller, is emerging rapidly as it finds increasing applications in the production of high-performance capacitors and circuit boards, driven by the booming tech industry.

Automotive: Dominant vs. Electronics: Emerging

The automotive segment is characterized by its substantial contribution to the overall ethylene carbonate consumption. This sector primarily leverages ethylene carbonate for its superior properties such as high thermal stability and dielectric strength, essential for electric vehicle batteries. In contrast, the electronics segment, while classified as emerging, shows significant growth potential due to the increasing demand for lightweight and efficient materials in consumer electronics. As technology advances, manufacturers are leaning towards ethylene carbonate for its eco-friendly attributes and ability to enhance product performance, making it a key player in future electronic applications.

By Formulation Type: Liquid (Largest) vs. Gel (Fastest-Growing)

In the US ethylene carbonate market, the formulation type segment is categorized into liquid, solid, and gel variants. The liquid formulation holds the largest market share, driven by its widespread application in a variety of industries, including automotive and electronics. Solid formulations follow, benefiting from their stability and convenience in storage and transportation. Gel formulations, while currently smaller in market share, are gaining attention due to their unique properties and versatility in applications such as cosmetics and pharmaceuticals.

Formulation Type: Liquid (Dominant) vs. Gel (Emerging)

Liquid ethylene carbonate is the dominant formulation type in the market, recognized for its superior solubility and conductivity, making it ideal for applications requiring high-performance solvents. It is extensively used in battery electrolytes and other chemical processes. In contrast, gel formulations are emerging rapidly, garnering interest due to their ease of use and effectiveness in various niches, particularly in consumer products like personal care items. This segment's growth is spurred by rising demand for safer and more efficient products, indicating a dynamic shift towards innovative applications.

By Production Method: Ethylene Oxide Reaction (Largest) vs. Carbonylation (Fastest-Growing)

In the US ethylene carbonate market, the production methods showcase a diverse distribution of market share among Carbonylation, Ethylene Oxide Reaction, and Transesterification. Currently, Ethylene Oxide Reaction holds the largest share due to its established process and wide-ranging application in the production of ethylene carbonate. In contrast, Carbonylation is emerging rapidly, capturing attention with its innovative approach and increasing adoption across various sectors. Meanwhile, Transesterification maintains a stable, albeit smaller, role in this competitive landscape.

Production Method: Ethylene Oxide Reaction (Dominant) vs. Carbonylation (Emerging)

Ethylene Oxide Reaction serves as the dominant production method in the US ethylene carbonate market, known for its efficiency and reliability in producing high-purity ethylene carbonate suitable for various applications. This method benefits from established supply chains and a robust technology base, ensuring consistency in production. On the other hand, Carbonylation is marked as an emerging method gaining traction due to its potential for sustainability and lower environmental impact. This process utilizes carbon monoxide and is being increasingly adopted by manufacturers looking to enhance their production efficiency while aligning with greener chemistry principles. As regulations tighten around emissions, Carbonylation's appeal continues to rise, positioning it competitively in the market.

By Purity Level: High Purity (Largest) vs. Technical Grade (Fastest-Growing)

In the US ethylene carbonate market, the purity level segment is characterized by three primary categories: High Purity, Technical Grade, and Industrial Grade. Among these, High Purity stands as the largest category, capturing significant market share due to its extensive use in electronics and pharmaceuticals, where stringent quality standards are paramount. Technical Grade, while smaller in share, shows a promising upward trend as it caters to industries requiring reliable, cost-effective solutions for various applications, driving mild growth within this segment.

High Purity (Dominant) vs. Industrial Grade (Emerging)

High Purity ethylene carbonate is characterized by its elevated quality and purity standards, making it the preferred choice for high-end applications such as battery electrolytes and pharmaceutical intermediates. It holds a dominant position in the market, largely due to the growing demand in the EV sector as well as stringent regulations necessitating high-quality materials. On the other hand, Industrial Grade ethylene carbonate is emerging steadily, offering lower cost and satisfactory performance for general industrial applications. It is gaining traction in sectors such as coatings and plasticizers, where high purity is not critical, thus presenting an attractive option for cost-sensitive projects.

Get more detailed insights about US Ethylene Carbonate Market

Key Players and Competitive Insights

The ethylene carbonate market exhibits a dynamic competitive landscape characterized by a blend of innovation, strategic partnerships, and regional expansion. Key players such as BASF SE (Germany), DOW Inc. (US), and Eastman Chemical Company (US) are actively shaping the market through their distinct operational focuses. BASF SE (Germany) emphasizes sustainability and innovation, investing in eco-friendly production methods, which aligns with the growing demand for sustainable chemicals. DOW Inc. (US) is leveraging digital transformation to enhance operational efficiency and customer engagement, while Eastman Chemical Company (US) is focusing on strategic acquisitions to bolster its product portfolio and market presence. Collectively, these strategies contribute to a competitive environment that is increasingly driven by technological advancements and sustainability initiatives.

In terms of business tactics, companies are localizing manufacturing to reduce lead times and optimize supply chains, which is particularly crucial in the current economic climate. The market structure appears moderately fragmented, with several key players holding substantial market shares. This fragmentation allows for competitive pricing strategies, yet the influence of major companies is significant, as they set industry standards and drive innovation.

In November 2025, DOW Inc. (US) announced a partnership with a leading technology firm to develop AI-driven solutions for optimizing ethylene carbonate production processes. This strategic move is likely to enhance DOW's operational efficiency and reduce production costs, positioning the company favorably in a competitive market that increasingly values technological integration. The partnership underscores the importance of innovation in maintaining a competitive edge.

In October 2025, BASF SE (Germany) launched a new line of bio-based ethylene carbonate products aimed at reducing carbon emissions. This initiative not only aligns with global sustainability goals but also caters to the rising consumer demand for environmentally friendly products. The launch is expected to strengthen BASF's market position and appeal to eco-conscious customers, thereby enhancing its competitive differentiation.

In September 2025, Eastman Chemical Company (US) completed the acquisition of a specialty chemicals firm, which is anticipated to expand its capabilities in producing high-performance ethylene carbonate derivatives. This acquisition is strategically significant as it allows Eastman to diversify its product offerings and tap into new market segments, thereby reinforcing its competitive stance in the industry.

As of December 2025, the ethylene carbonate market is witnessing trends that emphasize digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the competitive landscape, enabling companies to pool resources and expertise. The shift from price-based competition to a focus on innovation, technology, and supply chain reliability is evident. Moving forward, competitive differentiation will likely hinge on the ability to innovate and adapt to changing market demands, with sustainability becoming a core component of strategic planning.

Key Companies in the US Ethylene Carbonate Market market include

Industry Developments

In recent months, the US Ethylene Carbonate Market has witnessed significant developments. Companies such as BASF and Evonik Industries have been actively expanding their production capabilities to meet the increasing demand for batteries and specialty chemicals, particularly in the electric vehicle sector. In July 2023, LyondellBasell announced plans to enhance their ethylene carbonate production through advanced manufacturing technologies, aligning with sustainability goals set forth by industry regulations. There have been reports regarding the growth in market valuation for Kraton Corporation and SABIC, attributed to their strategic partnerships focused on innovation and eco-friendly solutions.

Additionally, in August 2023, Eastman Chemical Company completed a merger with a key player in the chemical sector to fortify its market position and broaden its product offerings. Over the past couple of years, Shijiazhuang Hongsheng Chemical made headlines in October 2022 by securing government contracts that boosted its operational scale in the US. These ongoing developments reflect a dynamic market landscape heavily influenced by technological advancements and rising environmental standards. As companies continue to navigate these trends, the US Ethylene Carbonate Market is set to evolve rapidly, driven by both consumer demand and regulatory frameworks.

Future Outlook

US Ethylene Carbonate Market Future Outlook

The US ethylene carbonate market is projected to grow at a 9.21% CAGR from 2024 to 2035, driven by increasing demand in battery applications and sustainable solvents.

New opportunities lie in:

  • Expansion into biodegradable packaging solutions
  • Development of high-performance battery electrolytes
  • Investment in advanced recycling technologies for ethylene carbonate

By 2035, the market is expected to solidify its position as a leader in sustainable chemical solutions.

Market Segmentation

US Ethylene Carbonate Market End Use Outlook

  • Automotive
  • Electronics
  • Pharmaceuticals
  • Coatings
  • Textiles

US Ethylene Carbonate Market Application Outlook

  • Solvent
  • Electrolyte
  • Plasticizer
  • Intermediate
  • Additive

US Ethylene Carbonate Market Purity Level Outlook

  • High Purity
  • Technical Grade
  • Industrial Grade

US Ethylene Carbonate Market Formulation Type Outlook

  • Liquid
  • Solid
  • Gel

US Ethylene Carbonate Market Production Method Outlook

  • Carbonylation
  • Ethylene Oxide Reaction
  • Transesterification

Report Scope

MARKET SIZE 2024109.42(USD Million)
MARKET SIZE 2025119.5(USD Million)
MARKET SIZE 2035288.45(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)9.21% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledBASF SE (DE), Mitsubishi Chemical Corporation (JP), Solvay SA (BE), Eastman Chemical Company (US), Huntsman Corporation (US), Shin-Etsu Chemical Co., Ltd. (JP), DOW Inc. (US), LyondellBasell Industries N.V. (NL)
Segments CoveredApplication, End Use, Formulation Type, Production Method, Purity Level
Key Market OpportunitiesGrowing demand for sustainable solvents in the US ethylene carbonate market presents significant opportunities.
Key Market DynamicsRising demand for sustainable solvents drives innovation and competition in the US ethylene carbonate market.
Countries CoveredUS

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FAQs

What is the expected market size of the US Ethylene Carbonate Market in 2024?

The US Ethylene Carbonate Market is expected to be valued at 132.86 million USD in 2024.

What will be the market value of the US Ethylene Carbonate Market by 2035?

By 2035, the US Ethylene Carbonate Market is anticipated to reach a valuation of 404.32 million USD.

What is the expected compound annual growth rate (CAGR) for the US Ethylene Carbonate Market from 2025 to 2035?

The market is expected to grow at a CAGR of 10.647% from 2025 to 2035.

Which form is projected to hold the larger market share in the US Ethylene Carbonate Market by 2035?

The liquid form of ethylene carbonate is projected to be valued at 283.2 million USD by 2035.

Who are the key players in the US Ethylene Carbonate Market?

Notable players include BASF, Mitsubishi Chemical, and SABIC among others.

What are the estimated values for solid and liquid forms of the US Ethylene Carbonate Market in 2024?

In 2024, the solid form is valued at 40.0 million USD while the liquid form is valued at 92.86 million USD.

How does the US Ethylene Carbonate Market drive various applications?

Ethylene carbonate is widely used in the production of lithium-ion batteries and as a solvent in various chemical processes.

What are the emerging trends in the US Ethylene Carbonate Market?

There’s an increasing demand for eco-friendly solvents and materials, driving growth in the ethylene carbonate sector.

What challenges does the US Ethylene Carbonate Market currently face?

Challenges include regulatory hurdles and competition from alternative solvents.

What will be the market growth rate for the liquid form of US Ethylene Carbonate Market from 2025 to 2035?

The liquid form is anticipated to experience significant growth, contributing to the overall CAGR of 10.647% for the market during this period.

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