ReleaseWire

Propylene Carbonate Market Growing at 5.30% CAGR Will Hit 940 Million US$ in 2025

Posted: Thursday, April 11, 2019 at 7:12 AM CDT

Los Angeles, CA -- (SBWire) -- 04/11/2019 --Propylene carbonate, a colorless to yellowish liquid with fruity odor, is a kind of VOC-exempt clear polar solvent having high boiling and flash points, a low order of toxicity and a mild ether-like odor. It is stable under most conditions and is not hydroscopic or corrosive. PC is particularly well suited for applications requiring a water white product or high purity.

Propylene carbonate, usually synthesized by propylene oxide and carbon dioxide, takes the appearance of a colorless to yellowish liquid, and emanates no notable odor. One of its primary industrial uses is as a solvent—in particular, as an aprotic solvent and racemate, such as function as a component of electrolytes in lithium batteries. Moreover, propylene carbonate also acts as the intermediate during the production of dimethyl carbonate.

According to its purity and applications, propylene carbonate can be divided into the lithium battery grade and industrial grade. For lithium battery grade, the purity of propylene carbonate should stay above 99.7%min, of which usually ranges from 99.95% to 99.99%. For industrial grade, propylene carbonate is mainly used as solvent in other industries and intermediate of DMC. The purity keeps at 99% -99.7%.

The global propylene carbonate production is mainly dominated by China for the time being. Internationally, BASF, Huntsman and LyondellBasell are the key manufacturers.

The global Propylene Carbonate (PC) (CAS 108-32-7) market was 660 million US$ in 2018 and is expected to 940 million US$ by the end of 2025, growing at a CAGR of 5.3% between 2019 and 2025.

This report studies the Propylene Carbonate (PC) (CAS 108-32-7) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Propylene Carbonate (PC) (CAS 108-32-7) in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

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BASF

Huntsman

LyondellBasell

Shida Shenghua Chemical

Daze Group

Shandong Depu Chemical

Hi-tech Spring Chemical

Linyi Evergreen Chemical

Shandong Feiyang Chemical

Lixing Chemical

Taixing Fengming Chemical

By the product type, the market is primarily split into

Lithium Battery Grade

Industrial Grade

By the end users/application, this report covers the following segments

Lithium Battery

Dimethyl Carbonate

Industrial Solvent

Key Regions split in this report:

North America

Asia-Pacific

Europe

Central & South America

Middle East & Africa

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