The Propylene Carbonate market is extrapolated to reach a value

DUBAI, United Arab Emirates, May 30, 2022 (GLOBE NEWSWIRE) — The global propylene carbonate market is expected to grow at a stable CAGR of 6.3% during the forecast period between 2022 and 2032, according to Future Market Insights. (IMF). Propylene carbonate is widely used as a solvent in the production of paints and coatings, as a cleaning solvent in the cleaning and degreasing industry, and as an electrolyte in Li-Ion batteries.

In recent years, companies have focused on developing new materials with high levels of purity at competitive prices. Propylene Carbonate is used as a sustainable and “green” alternative for various chemical industrial solvents.

Although due to its lower vapor pressure and negligible photochemical reactivity, it is an effective substitute for toluene, acetone, NMP and methyl chloride. These aforementioned properties of propylene carbonate are expected to increase consumption regarding environmental regulations.

The global propylene carbonate market is driven by factors such as increased use of propylene carbonate in industrial processes as solvents, increased demand for paints and coatings, personal care.

Also, increasing use as a cleaning solvent in gas processing and petrochemical applications to drive the market. Propylene carbonate is widely used in lithium-ion batteries to improve polarity by forming a solvation shell around lithium ions. It is also used in the production of cosmetics like lipsticks, mascara, eye shadows and other similar items.

Regionally, the market is expected to be dominated by East Asia, which is expected to continue in the future assessment period. Supported by the aforementioned factors, the global propylene carbonate market is expected to reach US$463.7 million by the end of 2032.

“During the forecast period, propylene carbonate sales are expected to be driven by increased use in Li-ion batteries and paints and coatings. Meanwhile, propylene carbonate is environmentally friendly and has the potential to effectively replace other hazardous chemical solvents,” says an IMF analyst.

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Key points to remember:

· By product form, the demand for aqueous propylene carbonate is expected to grow at a CAGR of 6.4% during the forecast period.

· The lithium-ion batteries and electronics segment is expected to grow at a CAGR of 7.5% during the forecast period.

The personal care and cosmetics segment of the propylene carbonate market is expected to grow at a CAGR of 6.7% through 2032.

The United States Propylene Carbonate Market is expected to grow at a CAGR of 5.6% by the end of 2032.

China to become the most lucrative propylene carbonate market, with sales growing at a CAGR of 7.2% during the forecast period

Competitive landscape

Leading market players in the global propylene carbonate market elaborated in the report include BASF SE, Huntsman International LLC., LyondellBasell Industries Holdings BV, Shandong Shida Shenghua Chemical Group Co., Ltd., Linyi Evergreen Chemical Co., Ltd., SMC – Global and others are the major players in the market

Key players operating in the global Propylene Carbonate market are focusing on increasing the usage of Propylene Carbonate in the paints & coatings, personal care, and cosmetics industries. However, some key players are focusing on supplying ultra-pure Propylene Carbonate for Li-ion batteries.

Propylene Carbonate Market by Category

By type:

Per application:

  • Paints and coatings
  • Cleaning & Degreasing
  • Personal care and cosmetics
  • Fabric dye
  • Lithium-ion batteries and electronics
  • Others

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Contents
1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Key Market Trends

3.1. Key trends impacting the market

3.2. Product Innovation / Development Trends

4. Key success factors

4.1. Product Adoption / Usage Analysis

4.2. USP/Product Features

4.3. Strategic promotional strategies

5. 2017-2021 Global Propylene Carbonate Market Demand Analysis and Forecast, 2022-2032

5.1. Historical Market Volume Analysis (Tons), 2017-2021

5.2. Current and Future Projections of Market Volume (in Tons), 2022-2032

5.3. Analysis of annual growth trends

6. Global Propylene Carbonate Market- Price Analysis

6.1. Regional price analysis

6.2. Comparative analysis of world average prices

TOC Continue…

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