During the initial quarter of 2023, the Asian ethylene carbonate market underwent fluctuations, followed by a gradual decline in the subsequent quarter. The initial upswing was propelled by heightened demand from end-user industries; however, it swiftly diminished due to decreased manufacturing rates and sluggish sales of electric vehicles, resulting in diminished buyer confidence and orders. In Europe, uncertainties in the first quarter, such as escalating inflation and energy costs, impacted the demand for ethylene carbonate. The second quarter witnessed fluctuating raw material costs and production cuts, but stable prices were sustained due to consistent demand from the electric vehicle market. Meanwhile, North America experienced continuous price declines throughout both quarters, attributed to stagnant demand from the electronics and electric vehicle sectors, coupled with negative market sentiments and reduced exports.
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Definition
Ethylene carbonate belongs to the family of organic compounds and has a chemical formula C3H4O3. It is a colorless and odorless liquid with high boiling and melting points. Ethylene carbonate is highly soluble in polar solvents such as water and various organic compounds. It exhibits good electrical conductivity, making it useful in lithium-ion battery electrolytes. Additionally, it is known for its high dielectric constant and low toxicity, making it a valuable component in various industrial applications, including the production of electrolytes, specialty polymers, and as a solvent for chemical reactions.
Key Details About the Ethylene Carbonate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Ethylene carbonate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Ethylene Carbonate Price trends, including India Ethylene Carbonate price, USA Ethylene Carbonate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Ethylene Carbonate Price Trend:
Ethylene carbonate boasts distinctive properties that render it indispensable across various industrial applications. A primary use lies in the realm of lithium-ion battery production, where it acts as a pivotal component in electrolyte formulation, elevating battery performance and stability. Beyond this, it serves as a solvent and electrolyte in diverse chemical processes, contributing to the creation of specialty polymers and surface coatings. Within the textile industry, ethylene carbonate assumes a role as a dyeing and finishing agent. Expanding its utility, it features in the oil and gas sector as a corrosion inhibitor and a constituent in lubricants and greases. The adaptability of ethylene carbonate underscores its significance in an array of industrial processes.
Key Players:
- BASF SE
- Huntsman International LLC
- Mitsubishi Chemical Corporation
- TOAGOSEI Co Ltd
- Asahi Kasei Corporation
- New Japan Chemical Co Ltd
- Tokyo Chemical Industry Co Ltd
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