Propylene Carbonate Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Propylene Carbonate Market is segmented By Application (Solvent, Electrolyte, Catalyst, Additives, Cleaners), By End Use (Paints & Coatings, Pharmaceu....
Propylene Carbonate Market Size
Market Size in USD
CAGR5.62%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 5.62% |
| Market Concentration | Medium |
| Major Players | BASF SE, Huntsman International LLC, Lyondell Basell Industries, Tokyo Chemical Industry Co., Ltd. (TCI), Shandong Feiyang Chemical Co., Ltd. |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Propylene Carbonate Market Analysis
The propylene carbonate market is estimated to be valued at USD 423.78 Bn in 2024 and is expected to reach USD 621.5 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.62% from 2024 to 2031. The propylene carbonate market is expected to witness positive trends over the forecast period. Several factors are influencing this growth, including rising demand from the electronics industry and growth in lithium-ion battery manufacturing.