Market Synopsis

Market Research Future (MRFR) proposes that the worldwide alkylene carbonates market is anticipated to show a solid CAGR during the gauge time frame (2016-2023) as they have properties like low harmfulness and low unstable natural substance. Alkylene carbonates are alluded to as cyclic esters of carbonic corrosive and are utilized in a few plans including microemulsifiable concentrates, emulsifiable concentrates, microemulsions, suspoemulsions, and concentrated emulsions.

Competitive Dashboard

The prominent players operating the global Alkylene Carbonates Industry are Huntsman International LLC (U.S.), Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), Tongling Jintai Chemical Industrial Co. Ltd (China), Alfa Aesar (U.S.), Sigma-Aldrich Co. LLC. (U.S), Qingdao Shinda Chemical Co. Ltd. (China), and others.

Market Potential and Pitfalls

Alkylene carbonates have properties like low poisonousness, low unstable natural substance (VOC), high edge of boiling over, biodegradable in nature, and low-smell, which settles on them a phenomenal dissolvable decision. Such advantages of alkylene carbonates are assessed to impel the market development all through the assessed period. Alkylene carbonates discover applications in a few end-use ventures like makeup and individual consideration, farming, materials, and paints and coatings. Attributable to the expanding interest for agrarian items, speeding up industrialism, and development in the development area, the end-use enterprises are anticipated to prosper. Additionally, the arising countries guarantee high development of the market attributable to the expanding request from end-use industry because of expanding discretionary cashflow. Such factors are powering the market development all through the appraisal period. Furthermore, alkylene carbonates are broadly utilized in lithium batteries, which is further extending the market development across the globe. As alkylene carbonate is a compound with low outflow and low harmfulness, they are ecological amicable. The rising concern in regards to the climate is exceptionally supporting the utilization of environmental solvents, in this manner encouraging the market development worldwide.

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Global Alkylene Carbonates Market: Segmental Analysis

The global alkylene carbonates market has been segmented on the basis of type and end-user industry.

By mode of type, the global alkylene carbonates market has been segmented into propylene carbonate, ethylene carbonate, and glycerine carbonate. Among these, the ethylene carbonate is considered to occupy a significant market share and is extensively used in lithium batteries.

By mode of end-user industry, the global alkylene carbonates market has been segmented into agriculture, paints & coatings, cosmetics & personal care, textiles & fabrics, and others. Among these, the personal care and cosmetics segment occupies a significant market share globally.

Regional Insights

Geographically, the alkylene carbonates market span across regions namely, Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.

Among all the regions, the Asia Pacific region is considered to experience the fastest growth rate throughout the appraisal period. The region is estimated to retain its dominance owing to the accelerating demand for cosmetics and personal care products among the population. Moreover, with the growing manufacturing bases for textile & fabrics, paints & coatings, and personal care, the market in this region is anticipated to propel. The market is anticipated to flourish especially in economies like China and India owing to the increasing industrialization and high disposable income among the population in this region.

Regions such as North America and Europe are considered to experience a significant growth rate owing to the strict mandates imposed by several nations of these regions in order to prevent the emissions of volatile organic compounds in the atmosphere. Moreover, the rising number of initiatives taken by the environmental agencies, especially in economies like Germany, France, and the U.S., regarding the usage of environmental-friendly solvents is propelling the market growth in these regions.

Industry Updates

March 09, 2018: Huntsman Performance Products has recently announced the availability of its brand-new specialty carbonate, JEFFSOL(R) Glycerine Carbonate. Its is a bio-based specialty chemical which is useful as a solvent and a reactive intermediate and can be reacted or polymerized with isocyanates or acrylates and can be used in adhesives, coatings, and lubricants.



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