In the first quarter of 2023, the Asian ethylene carbonate market experienced fluctuations, followed by a gradual decline in the second quarter. The initial surge was driven by increased demand from end-user industries, but it quickly dropped due to reduced manufacturing rates and sluggish electric vehicle sales, leading to decreased buyer confidence and orders. In Europe, uncertainties in the first quarter, such as rising inflation and energy costs, impacted ethylene carbonate demand. Fluctuating raw material costs and production cuts marked the second quarter, but stable prices were maintained due to sustained demand from the EV market. Meanwhile, North America witnessed continuous price declines throughout both quarters due to stagnant demand from electronics and EV sectors, alongside 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 chart, 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 finds several crucial industrial uses due to its unique properties. One of its primary applications is in the production of lithium-ion batteries, where they serve as a key component in electrolyte formulation, enhancing battery performance and stability. It is also used as a solvent and electrolyte in various chemical processes, such as in the production of specialty polymers and surface coatings. In the textile industry, ethylene carbonate is employed as a dyeing and finishing agent. Furthermore, it finds use in the oil and gas sector as a corrosion inhibitor and as a component in lubricants and greases. Its versatility makes it a valuable compound in various 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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