During the first quarter of 2023, the Asian ethylene carbonate market faced fluctuations followed by a gradual downturn in the subsequent quarter. The initial upswing was a result of heightened demand from various end-user industries, but it swiftly receded due to decreased manufacturing rates and sluggish sales in the electric vehicle sector. This decline led to a drop in buyer confidence and subsequent reductions in orders. Across Europe, uncertainties prevailed in the first quarter, including concerns about rising inflation and energy expenses, impacting the demand for ethylene carbonate. The second quarter saw fluctuating raw material costs and production cuts, yet stable prices persisted due to sustained demand from the electric vehicle market. Meanwhile, North America experienced consistent price declines throughout both quarters due to stagnant demand from electronics and electric vehicle sectors, coupled with negative market sentiments and diminished export activities.
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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 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 distinctive properties that render it indispensable across diverse industries. Its foremost role lies in the creation of lithium-ion batteries, pivotal for improving battery efficiency and stability as a vital part of the electrolyte formulation. Additionally, it serves as both a solvent and electrolyte in a spectrum of chemical procedures, including the manufacture of specialized polymers and surface coatings. In the textile realm, it contributes as a crucial agent for dyeing and refining processes. Moreover, its applications extend to the oil and gas industry, where it functions as a corrosion inhibitor, and features prominently in lubricants and greases. Its adaptability makes it an invaluable component within numerous industrial operations.
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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