The report is titled as ‘Propylene Carbonate Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Propylene Carbonate market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

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Propylene Carbonate Overview

Propylene carbonate can be understood as a polar aprotic solvent that majorly serves as a “green” sustainable substitute solvent for chemical alterations. It is a biodegradable, less toxic, colorless and non-corrosive liquid with an eminent boiling point, low vapor pressure, and EPA VOC exemption. In addition to that, with regard to its low vapor pressure and results of insignificant photochemical reactivity, propylene carbonate is considered an efficient alternative for more dangerous solvents such a methylene chloride, MEK, acetone, toluene, perchloroethylene and NMP. Owing to such beneficial properties, the propylene carbonate is witnessing higher demand across the global markets.

Other than that, propylene carbonate is also congruous with other solvents offering an effective constituent in co-solvent preparations. Attributing to which, It is comprehensively employed in the making of adhesives, paints, surface cleaners, coatings, strippers, degreasers, and inks formulas as well as in lithium-ion batteries, as electrolytic solvent, and also plays a role in the withdrawal of carbon dioxide from natural gas. Such a wide range of applications across various industries all around the world is majorly boosting the demand of propylene carbonate worldwide. Thus, the global propylene carbonate market is anticipated to grow significantly over the coming years.

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Propylene Carbonate Market Segmentation

The propylene carbonate market is segmented on the basis of form, application, and region.

By Form

Pellet
Aqueous
Film

By Application

Lithium Battery Electrolyte Component
Solvent
Cosmetic Solvent
Adhesive Solvent
VOC Exempt Solvent
Others
Cleaning & Degreasing
Isocyanate Diluent
Paint Stripper
Plasticizer

By Region

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

Propylene Carbonate Market Key Players

Some of the key participating players in Propylene Carbonate market are:

BASF SE
Huntsman International LLC.
LyondellBasell Industries Holdings B.V.
Empower Materials
Anmol Chemicals Group
Kowa India Pvt. Ltd.
ReactChem Co. Ltd.
Shenghua Group Holdings Co. Ltd.
Taixing Fengming Chemical
Lixing Chemical

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