Propylene Carbonate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global Propylene Carbonate Market, providing an in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges. This detailed report sheds light on the market structure and growth potential over the forecast period.

Key Insights:

Propylene Carbonate Market Size (2024E): US$275.5 Mn
Projected Market Value (2031F): US$468.2 Mn
Global Market Growth Rate (CAGR 2024 to 2031): 5.8%

Propylene Carbonate Market - Report Scope:

Propylene carbonate is a versatile organic compound used across various industries, including chemicals, pharmaceuticals, and personal care. It serves as a solvent, electrolyte component in lithium batteries, and a chemical intermediate in industrial processes. The market is primarily driven by its extensive use in the production of adhesives, coatings, and as a polar solvent. Growing demand in emerging applications like electric vehicles and the electronics industry further fuels market expansion.

Market Growth Drivers:

Several factors are driving the growth of the global Propylene Carbonate Market. The increasing adoption of electric vehicles (EVs) has significantly boosted the demand for lithium-ion batteries, where propylene carbonate is used as an electrolyte. Additionally, its role as a solvent in the production of adhesives, paints, and coatings is driving demand, especially in the construction and automotive sectors. The ongoing shift towards environmentally friendly and sustainable chemicals is encouraging the use of propylene carbonate in various green chemistry applications. Moreover, its utilization in the personal care and pharmaceutical industries continues to expand, adding to market growth.

Market Restraints:

Despite its growth potential, the Propylene Carbonate Market faces challenges that could hinder its expansion. The volatility in raw material prices, particularly in propylene oxide (a key feedstock), can impact profitability for manufacturers. Moreover, the availability of alternative solvents and chemicals, which may offer better performance at lower costs, poses competitive threats. Regulatory hurdles related to the use of certain chemicals in various regions may also limit growth opportunities for propylene carbonate producers.

Market Opportunities:

The Propylene Carbonate Market offers significant growth opportunities, especially in emerging technologies. The rise of electric vehicles and energy storage solutions provides a critical avenue for the expansion of propylene carbonate in battery electrolytes. Furthermore, advancements in sustainable and bio-based chemicals are opening doors for propylene carbonate's role in green chemistry solutions. Its use in high-performance coatings and adhesives, driven by trends in infrastructure development and industrial expansion, continues to provide new market opportunities. Strategic partnerships and investments in R&D to develop novel applications will also play a crucial role in unlocking future growth potential.

Key Questions Answered in the Report:

What are the primary factors driving the global Propylene Carbonate Market?
Which industries and regions are seeing the highest adoption of propylene carbonate?
How are advancements in battery technology influencing market growth?
Who are the leading players in the Propylene Carbonate Market, and what strategies are they implementing to maintain market positions?
What are the emerging trends and future prospects in the global Propylene Carbonate Market?

Competitive Intelligence and Business Strategy:

Leading players in the Propylene Carbonate Market, including companies like BASF, Huntsman Corporation, and LyondellBasell Industries, are focusing on product innovation and sustainability to maintain their competitive edge. These companies are investing in R&D to enhance the performance and application range of propylene carbonate, particularly in the battery and electronics industries. Strategic collaborations and mergers are also helping key players expand their market presence. With an increasing focus on sustainable and eco-friendly chemical solutions, companies are adopting advanced technologies and adhering to strict environmental regulations to secure long-term growth in the Propylene Carbonate Market.

Key Companies Profiled:

LyondellBasell Industries
Shandong Depu Chemical
BASF SE
Empower Materials
Huntsman International LLC.
Dhalop Chemicals
Tokyo Chemical Industry Co., Ltd. (TCI)
Linyi Evergreen Chemical Co., Ltd.
Central Drug House
Carl Roth

Propylene Carbonate Industry Segmentation

By Form

Aqueous
Pellets

By Application

Paints & Coatings
Pharmaceuticals
Textile

By Region

North America
Latin America
Europe
South Asia & Oceania
East Asia
The Middle East & Africa

Product Code: PMRREP34778

1. Executive Summary

1.1. Global Propylene Carbonate Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Quality Control Testing Market
- 2.3.4. Other Macro-Economic Factors
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Form Adoption Analysis
3.2. Technology Assessment
3.3. Regulatory Landscape
3.4. Value Chain Analysis
- 3.4.1. List of Raw Material Supplier
- 3.4.2. List of Manufacturers
- 3.4.3. List of Distributors
- 3.4.4. Profitability Analysis
3.5. Key Deals and Mergers
3.6. PESTLE Analysis
3.7. Porter's Five Force Analysis
3.8. Geopolitical Tensions: Market Impact

4. Price Trend Analysis, 2019-2031

4.1. Key Highlights
4.2. Key Factors Impacting Form Prices
4.3. Pricing Analysis, By Form
4.4. Regional Prices and Form Preferences

5. Global Propylene Carbonate Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Mn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Mn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Mn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Mn) Analysis and Forecast, 2024-2031
5.3. Global Propylene Carbonate Market Outlook: Form
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Mn) Analysis, By Form, 2019-2023
- 5.3.3. Current Market Size (US$ Mn) Forecast, By Form, 2024-2031
  - 5.3.3.1. Aqueous
  - 5.3.3.2. Pallets
5.4. Market Attractiveness Analysis: Form
5.5. Global Propylene Carbonate Market Outlook: Application
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Mn) Analysis, By Application, 2019-2023
- 5.5.3. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
  - 5.5.3.1. Paints & Coatings
  - 5.5.3.2. Pharmaceuticals
  - 5.5.3.3. Textiles
5.6. Market Attractiveness Analysis: Application

6. Global Propylene Carbonate Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Mn) Analysis, By Region, 2019-2023
6.3. Current Market Size (US$ Mn) Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Propylene Carbonate Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Form
- 7.3.3. By Application
7.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 7.5.1. Aqueous
- 7.5.2. Pellets
7.6. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 7.6.1. Paints & Coatings
- 7.6.2. Pharmaceuticals
- 7.6.3. Textiles
7.7. Market Attractiveness Analysis

8. Europe Propylene Carbonate Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Form
- 8.3.3. By Application
8.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 8.5.1. Aqueous
- 8.5.2. Pellets
8.6. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 8.6.1. Paints & Coatings
- 8.6.2. Pharmaceuticals
- 8.6.3. Textiles
8.7. Market Attractiveness Analysis

9. East Asia Propylene Carbonate Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Form
- 9.3.3. By Application
9.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 9.5.1. Aqueous
- 9.5.2. Pellets
9.6. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 9.6.1. Paints & Coatings
- 9.6.2. Pharmaceuticals
- 9.6.3. Textiles
9.7. Market Attractiveness Analysis

10. South Asia & Oceania Propylene Carbonate Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Form
- 10.3.3. By Application
10.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 10.5.1. Aqueous
- 10.5.2. Pellets
10.6. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 10.6.1. Paints & Coatings
- 10.6.2. Pharmaceuticals
- 10.6.3. Textiles
10.7. Market Attractiveness Analysis

11. Latin America Propylene Carbonate Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Form
- 11.3.3. By Application
11.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 11.5.1. Aqueous
- 11.5.2. Pellets
11.6. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 11.6.1. Paints & Coatings
- 11.6.2. Pharmaceuticals
- 11.6.3. Textiles
11.7. Market Attractiveness Analysis

12. Middle East & Africa Propylene Carbonate Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2023
- 12.3.1. By Country
- 12.3.2. By Form
- 12.3.3. By Application
12.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
12.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 12.5.1. Aqueous
- 12.5.2. Pellets
12.6. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 12.6.1. Paints & Coatings
- 12.6.2. Pharmaceuticals
- 12.6.3. Textiles
12.7. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Lyondellbessel Industries NV
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Forms
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Shadong Depu Chemicals
- 13.3.3. BASF SE
- 13.3.4. Empower Chemicals
- 13.3.5. Huntsman International
- 13.3.6. Dhalop Chemicals
- 13.3.7. Tokyo Chemical Industries Co. Ltd.
- 13.3.8. Linyi Evergreen Chemicals Co. Ltd.
- 13.3.9. Others

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations