In Q1 2023, the Asian ethylene carbonate market saw ups and downs, followed by a decline in Q2. The initial rise was due to higher demand but dropped due to reduced manufacturing and slow electric vehicle sales, leading to lower buyer confidence. In Europe, Q1 uncertainties like inflation and energy costs affected demand, with fluctuating raw material costs in Q2. However, stable prices were maintained due to sustained EV market demand. In North America, prices declined throughout both quarters due to weak demand from electronics and EV sectors, negative market sentiments, and reduced exports.
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Ethylene carbonate, with the chemical formula C3H4O3, is a colorless, odorless liquid that’s soluble in water and organic solvents. It has high boiling and melting points and is prized for its electrical conductivity, making it important in lithium-ion battery electrolytes. Its high dielectric constant and low toxicity also make it valuable in industrial uses, including electrolyte production, specialty polymers, and as a chemical reaction solvent.
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 forecast, 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 is a versatile industrial chemical with key roles in lithium-ion battery production, chemical processes, textile dyeing, and the oil and gas industry. It enhances battery performance, serves as a solvent and electrolyte in chemical applications, aids in textile dyeing and finishing, and plays a part in corrosion control, lubricants, and greases in the oil and gas sector. Its unique properties make it valuable across multiple industries.
- 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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