Propylene Carbonate Market Valuation Of US$ 642.5 Mn By 2031
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Propylene Carbonate Market
Report Id : TMR-GL-35435
Category : Chemicals & Materials
Published Date: 2021-10-25
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Propylene Carbonate Market AnalysisFollow us:
Transparency Market Research delivers key insights on the global propylene carbonate market. 
In terms of revenue, the global propylene carbonate market is estimated to expand at a CAGR 
of 5.2% during the forecast period, owing to numerous factors, regarding which TMR offers 
thorough insights and forecast in its report on the global propylene carbonate market.
The global propylene carbonate market is broadly affected by several factors, including rise in 
usage of propylene carbonates in various applications such as solvents, Li batteries, binders, 
and adhesives & coatings, textiles, and cleaners & degreasers. Rise in global demand for 
cosmetics and paints & coatings has led to significant growth in the usage of propylene 
carbonate as solvents. Growth in production and demand for solvents is expected to be the 
primary driver of the propylene carbonate market.
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Increase in application of propylene carbonate in paints and coatings as an organic solvent, led 
by the rise in consumption of propylene carbonate in the building & construction industry, is 
also projected to augment the global propylene carbonate market in the near future.
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Propylene Carbonate Market AnalysisFollow us:
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Propylene Carbonate Market: Dynamics
Propylene carbonate is primarily used in the production of solvents. Global demand for cosmetics, and cleaners and 
degreasers have been increasing at a significant pace. This is boosting the production of propylene carbonate in 
several countries. Thus, increase in production of solvents containing propylene carbonate is propelling the global 
propylene carbonate market.
Propylene carbonate offers excellent polarity to create a solvation shell for lithium ions. It is widely used as a high 
permittivity component in lithium batteries as an electrolyte. This solvation shell around lithium-ion creates a 
conductive electrolyte. Increase in trend of electric vehicles and rise in demand for batteries are major factors 
projected to boost the propylene carbonate market over the next few years.
The Propylene Carbonate Market study provides an in-depth understanding.
By Region
 North America
 Europe
 Asia Pacific
 Latin America
 Middle East & Africa
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Chemicals & Materials
Propylene Carbonate Market
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C omprehensive SWOT analysis of established market players is provided in the report along with 
critical data including the sales strategy, marketing strategy and pricing strategy adopted by 
each market player.
Propylene Carbonate Market segments covered in the report:
Propylene Carbonate Market, by Form
 Pellet
 Aqueous Dispersion/Emulsion
 Film
 Others (Solution)
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The regional assessment section throws light on the market scenario in different geographies 
along with relevant graphs, figures, and list of tables.
leading companies
 Haihang Industry
 BASF SE
 LyondellBasell
 SMC
 Huntsman International LLC
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Propylene Carbonate Market
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P ropylene Carbonate Market: Overview
 Propylene carbonate is extensively used in the manufacture of paints, adhesives, and cosmetic products. 
Propylene carbonate is primarily used in the plastic industry as a plasticizer. It is also employed as a solvent 
for the removal of carbon dioxide from natural gas.
 Propylene carbonate is widely used in the formulation of several cosmetic products such as eye shadow, 
mascara, lipsticks, and other skin cleansing products. Rise in trend of usage of make-up products and 
cosmetics among the young population is projected to fuel the demand for propylene carbonate over the next 
few years.
 Rise in usage of lithium-ion batteries in various electric vehicles such as electric buses, trucks, bikes, and 
passenger vehicles due to the superior properties of lithium-ion batteries such as higher lightweight and 
energy density compared to nickel-cadmium and nickel-metal hydride batteries is anticipated to drive the 
demand for propylene carbonate during the forecast period
 
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