Alkylene Carbonates Market: APAC to Witness the Fastest Growth
Description :
Market Research Future (MRFR)
postulates that the global alkylene carbonates market is predicted to
demonstrate a healthy CAGR during the forecast period (2016-2030) as they
possess properties such as low toxicity and low volatile organic content.
Alkylene carbonates are referred to as cyclic esters of carbonic acid and are
used in several formulations comprising microemulsifiable concentrates,
emulsifiable concentrates, microemulsions, suspoemulsions, and concentrated
emulsions.
Keywords:
Alkylene Carbonates Market Industry , Alkylene Carbonates Market, Global Alkylene Carbonates Market Industry , Alkylene Carbonates Industry value, Alkylene
Carbonates Industry segment
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Market Synopsis:
Market Research
Future (MRFR) postulates that the global alkylene carbonates market is
predicted to demonstrate a healthy CAGR during the forecast period (2016-2030)
as they possess properties such as low toxicity and low volatile organic
content. Alkylene carbonates are referred
to as cyclic esters of carbonic acid and are
used in several formulations comprising microemulsifiable
concentrates, emulsifiable concentrates, microemulsions, suspoemulsions, and concentrated emulsions.
Market Potential and Pitfalls
Alkylene carbonates
possess properties such as low toxicity,
low volatile organic content (VOC), high boiling point, biodegradable in
nature, and low- odor, which makes them an excellent
solvent choice. Such benefits of alkylene carbonates are estimated to propel
the market growth throughout the estimated period. Alkylene carbonates find applications in several end-use industries
like cosmetics & personal care, agriculture, textiles, and paints &
coatings. Owing to the increasing demand for agricultural products, accelerating
consumerism, and growth in the construction sector, the end-use industries are
predicted to flourish. Moreover, the
emerging nations promise high growth of
the market owing to the increasing demand from end-use industry as a result of increasing
disposable income. Such factors are fueling the
market growth throughout the assessment period. Additionally, alkylene carbonates are
extensively used in lithium batteries, which is further expanding the market growth across the globe. As alkylene
carbonate is a compound with low emission and low toxicity, they are
environmental-friendly. The rising concern regarding the environment is highly
supporting the use of ecological solvents, thereby fostering the market growth globally.
On the contrary, the global alkylene
carbonates market is presumed to experience a slowdown owing to the scarcity of
raw materials coupled with the regulations imposed by the regional government.
Global
Alkylene Carbonates Market: Segmental Analysis
The global alkylene
carbonates market has been segmented on the basis of type and end-user industry.
By mode of type, the global
alkylene carbonates market has been segmented into propylene carbonate,
ethylene carbonate, and glycerine carbonate. Among these, the ethylene
carbonate is considered to occupy a significant market share and is extensively used in lithium batteries.
By mode of end-user
industry, the global alkylene carbonates
market has been segmented into
agriculture, paints & coatings, cosmetics & personal care, textiles
& fabrics, and others. Among these, the personal care and cosmetics segment
occupies a significant market share globally.
Regional
Insights:
Geographically, the alkylene carbonates market span across regions namely, Europe,
North America, Latin America, Asia Pacific, and the Middle East & Africa.
Among all the regions, the Asia Pacific
region is considered to experience the fastest growth rate throughout the
appraisal period. The region is estimated to retain its dominance owing to the
accelerating demand for cosmetics and personal care products among the
population. Moreover, with the growing manufacturing bases for textile &
fabrics, paints & coatings, and personal care, the market in this region is
anticipated to propel. The market is anticipated to flourish especially in
economies like China and India owing to the increasing industrialization and
high disposable income among the population in this region.
Regions such as North America and Europe
are considered to experience a significant growth rate owing to the strict
mandates imposed by several nations of
these regions in order to prevent the
emissions of volatile organic compounds in the atmosphere. Moreover, the rising
number of initiatives taken by the environmental agencies, especially in
economies like Germany, France, and the U.S., regarding the usage of environmental-friendly
solvents is propelling the market growth in these regions.
Industry
Updates
March 09, 2018: Huntsman Performance
Products has recently announced the availability of its brand-new specialty
carbonate, JEFFSOL(R) Glycerine Carbonate. Its is a bio-based specialty
chemical which is useful as a solvent and a reactive intermediate and can be
reacted or polymerized with isocyanates or acrylates and can be used in adhesives, coatings, and lubricants.
Competitive
Dashboard:
The prominent players operating the global alkylene carbonates market are Huntsman International
LLC (U.S.), Mitsubishi Chemical Corporation (Japan), BASF SE (Germany),
Tongling Jintai Chemical Industrial Co. Ltd (China), Alfa Aesar (U.S.),
Sigma-Aldrich Co. LLC. (U.S), Qingdao Shinda Chemical Co. Ltd. (China), and
others.
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