During the early months of 2023, the Asian ethylene carbonate market saw ups and downs, with a surge followed by a gradual decline. Initially, a boost occurred from higher demand in various industries, but this momentum waned due to lowered production rates and sluggish sales of electric vehicles. Consequently, buyer confidence dropped, leading to a decrease in orders. In Europe, uncertainties like increased inflation and energy expenses affected ethylene carbonate demand in the first quarter. The second quarter saw fluctuating raw material costs and production cuts, but prices remained steady due to sustained interest from the electric vehicle market. Meanwhile, North America experienced consistent price drops across both quarters due to stagnant demand in electronics and electric vehicle sectors, along with pessimistic market outlooks and decreased exports.
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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 distinct properties that render it indispensable across diverse industries. Its primary role lies in lithium-ion battery manufacturing, where it acts as a crucial element in electrolyte formulation, elevating battery efficiency and reliability. Additionally, it serves as a solvent and electrolyte in multiple chemical procedures, notably contributing to specialty polymer and surface coating production. Within the textile realm, ethylene carbonate assumes the role of a dyeing and finishing agent. Moreover, it plays a pivotal role in the oil and gas sector by functioning as a corrosion inhibitor and a component in lubricants and greases. Its adaptability renders it an invaluable asset across various industrial applications.
- 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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