Global Propylene Carbonate Market Size Study by Form (Pellet, Aqueous, Film, Others), by Application (Solvent, Binders and Adhesives, Coatings, Lithium-ion Batteries, Textile Dyeing, Others), and Regional Forecasts 2022-2032

Description

The Global Propylene Carbonate Market is valued at approximately USD 0.45 billion in 2023 and is poised to reach USD 0.70 billion by 2032, growing at a steady compound annual growth rate (CAGR) of 5.05% during the forecast period. Propylene carbonate, a versatile chemical compound known for its high solvency and environmental compatibility, has emerged as a pivotal material across diverse industries. Its applications span from lithium-ion batteries to coatings, adhesives, and textile dyeing, making it indispensable in modern manufacturing processes. The rising adoption of eco-friendly and high-performance materials, driven by stringent environmental regulations, has significantly bolstered the demand for propylene carbonate in recent years.

The burgeoning demand for lithium-ion batteries in electric vehicles and consumer electronics is a major growth driver for the market. Propylene carbonate's superior dielectric properties and chemical stability make it an essential component in battery electrolytes, facilitating efficient energy storage and delivery. Additionally, its role as a solvent in coatings and adhesives underscores its importance in the automotive and construction sectors. However, challenges such as fluctuating raw material prices and limited regional availability could impede market expansion. Nevertheless, ongoing advancements in production technologies and the exploration of bio-based alternatives are anticipated to mitigate these challenges.

Regionally, Asia-Pacific dominates the Global Propylene Carbonate Market, with rapid industrialization and urbanization driving its growth. Countries like China, Japan, and South Korea are key contributors, leveraging the compound's applications in electronics, automotive, and textiles. North America follows closely, fueled by robust investments in renewable energy and advanced materials. Meanwhile, Europe's market is driven by strict environmental regulations and the push for sustainable industrial practices. Emerging markets in Latin America and the Middle East & Africa are also gaining traction, supported by expanding infrastructure and increasing awareness of eco-friendly solutions.

Technological advancements are reshaping the propylene carbonate market landscape, with a strong focus on sustainability and efficiency. Manufacturers are investing in bio-based production techniques to reduce carbon footprints and align with global environmental goals. Additionally, innovations in application-specific formulations are enabling the compound to meet evolving industry requirements, from enhancing battery performance to improving the durability of coatings and adhesives.

Major market players included in this report are:

BASF SE
Huntsman Corporation
LyondellBasell Industries
Mitsubishi Chemical Corporation
Asahi Kasei Corporation
Empower Materials Inc.
Solvay S.A.
Daze Group
SK Innovation Co., Ltd.
Lonza Group AG
Shandong Shida Shenghua Chemical Group Co., Ltd.
Hengyang New Energy Co., Ltd.
Alfa Aesar
Tedia Company Inc.
Merck KGaA

The detailed segments and sub-segment of the market are explained below:

By Form:

Pellet
Aqueous
Film
Others

By Application:

Solvent
Binders and Adhesives
Coatings
Lithium-ion Batteries
Textile Dyeing
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia-Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Propylene Carbonate Market Executive Summary

1.1. Global Propylene Carbonate Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Form
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Propylene Carbonate Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Propylene Carbonate Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand in Lithium-ion Batteries
- 3.1.2. Technological Advancements in Polymerization
- 3.1.3. Rising Demand in Automotive Sector
3.2. Market Challenges
- 3.2.1. High Production Costs
- 3.2.2. Availability of Alternative Materials
3.3. Market Opportunities
- 3.3.1. Innovations in Bio-Based Propylene Carbonate
- 3.3.2. Expansion into Emerging Markets
- 3.3.3. Strategic Collaborations and Partnerships

Chapter 4. Global Propylene Carbonate Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Propylene Carbonate Market Size & Forecasts by Form 2022-2032

5.1. Segment Dashboard
5.2. Global Propylene Carbonate Market: Form Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Pellet
- 5.2.2. Aqueous
- 5.2.3. Film
- 5.2.4. Others

Chapter 6. Global Propylene Carbonate Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Propylene Carbonate Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Solvent
- 6.2.2. Binders and Adhesives
- 6.2.3. Coatings
- 6.2.4. Lithium-ion Batteries
- 6.2.5. Textile Dyeing
- 6.2.6. Others

Chapter 7. Global Propylene Carbonate Market Size & Forecasts by Region 2022-2032

7.1. North America Propylene Carbonate Market
- 7.1.1. U.S. Propylene Carbonate Market
  - 7.1.1.1. Form Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Propylene Carbonate Market
7.2. Europe Propylene Carbonate Market
- 7.2.1. U.K. Propylene Carbonate Market
- 7.2.2. Germany Propylene Carbonate Market
- 7.2.3. France Propylene Carbonate Market
- 7.2.4. Spain Propylene Carbonate Market
- 7.2.5. Italy Propylene Carbonate Market
- 7.2.6. Rest of Europe Propylene Carbonate Market
7.3. Asia-Pacific Propylene Carbonate Market
- 7.3.1. China Propylene Carbonate Market
- 7.3.2. India Propylene Carbonate Market
- 7.3.3. Japan Propylene Carbonate Market
- 7.3.4. Australia Propylene Carbonate Market
- 7.3.5. South Korea Propylene Carbonate Market
- 7.3.6. Rest of Asia Pacific Propylene Carbonate Market
7.4. Latin America Propylene Carbonate Market
- 7.4.1. Brazil Propylene Carbonate Market
- 7.4.2. Mexico Propylene Carbonate Market
- 7.4.3. Rest of Latin America Propylene Carbonate Market
7.5. Middle East & Africa Propylene Carbonate Market
- 7.5.1. Saudi Arabia Propylene Carbonate Market
- 7.5.2. South Africa Propylene Carbonate Market
- 7.5.3. Rest of Middle East & Africa Propylene Carbonate Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Huntsman Corporation
- 8.1.3. LyondellBasell Industries
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Huntsman Corporation
- 8.3.3. LyondellBasell Industries
- 8.3.4. Mitsubishi Chemical Corporation
- 8.3.5. Asahi Kasei Corporation
- 8.3.6. Empower Materials Inc.
- 8.3.7. Solvay S.A.
- 8.3.8. Daze Group
- 8.3.9. SK Innovation Co., Ltd.
- 8.3.10. Lonza Group AG
- 8.3.11. Shandong Shida Shenghua Chemical Group Co., Ltd.
- 8.3.12. Hengyang New Energy Co., Ltd.
- 8.3.13. Alfa Aesar
- 8.3.14. Tedia Company Inc.
- 8.3.15. Merck KGaA

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes