Propylene Carbonate Market Analysis and Forecast to 2031: By Form (Aqueous, Pellet, Films, Others), Application (Paints & Coatings, Cleaning, Personal Care, Others), and Region
Propylene carbonate is a clear, colorless, and nearly odorless organic compound. It is classified as a cyclic carbonate ester, and is used as a solvent and in some types of lubricants. It has a relatively high boiling point and low freezing point, and is miscible with water.
Propylene carbonate is produced by the reaction of propylene oxide and carbonic acid. It is also a byproduct of the production of propylene glycol.
Propylene carbonate is used as a solvent in a variety of applications, including paint strippers, adhesives, inks, and cleaning solutions. It is also used as a component of some types of lubricants, hydraulic fluids, and heat-transfer fluids.
Key Trends
Some key trends in Propylene Carbonate technology include:
-Development of new and improved catalysts for the production of propylene carbonate
-Improvements in the manufacturing process to increase efficiency and yield
-Use of propylene carbonate as a green solvent in various applications
-Continued research into the potential health and environmental benefits of propylene carbonate
Key Drivers
The key drivers of the propylene carbonate market are the growing demand for propylene carbonate from the electronics and automotive industries, and the increasing use of propylene carbonate as a solvent in the paint and coatings industry.
The electronics industry is the largest consumer of propylene carbonate, accounting for more than 50% of the total demand. Propylene carbonate is used as a solvent in the production of printed circuit boards and as a dielectric fluid in capacitors. The automotive industry is the second largest consumer of propylene carbonate, and it is used as a plasticizer in automotive coatings, as a coolant in battery systems, and as a hydraulic fluid in power steering systems.
The paint and coatings industry is the third largest consumer of propylene carbonate. Propylene carbonate is used as a solvent in paints and coatings, and it is also used as a coalescing agent in latex paints.
The demand for propylene carbonate is also driven by the growing use of propylene carbonate as a solvent in the pharmaceutical industry. Propylene carbonate is used as a solvent in the production of injectable drugs, ophthalmic solutions, and oral liquids.
Restraints & Challenges
The key restraints and challenges in propylene carbonate market include the following:
1. Propylene Carbonate is a flammable liquid and its vapor is heavier than air, which can pose a fire hazard.
2. Propylene Carbonate is also a skin and eye irritant.
3. Propylene Carbonate can decompose at high temperatures, releasing carbon monoxide and other harmful products.
4. Propylene Carbonate is also a relatively expensive compound.
Market Segments
The propylene carbonate market bifurcated on the basis of form, application, and region. On the basis of form, it is segmented into aqueous, pellet, films, and others. By application, it is analyzed across paints & coatings, cleaning, personal care, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The propylene carbonate market report includes players such as BASF SE, Huntsman International LLC., LyondellBasell Industries Holdings B.V., Empower Materials, Anmol Chemicals Group, Kowa India Pvt.Ltd., ReactChem Co. Ltd, SMC – Global, Taixing Fengming Chemical, and Lixing Chemical.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Propylene Carbonate Market Outlook
3.1. Propylene Carbonate Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Propylene Carbonate Market
Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Propylene Carbonate Market
4.3. Economic Impact Analysis
Chapter 5. Propylene Carbonate Market by Form
5.1. Market Overview
5.2. Aqueous
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Pellet
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Films
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.5. Others
5.5.1. Market Size and Forecast, 2021-2031 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Propylene Carbonate Market by Application
6.1. Market Overview
6.2. Paints & Coatings
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Cleaning
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Personal Care
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Propylene Carbonate Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.2.3. North America Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.4. North America Propylene Carbonate Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.2.5.2. The U.S. Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.2.6.2. Canada Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.2.7.2. Mexico Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.3.3. Europe Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.4. Europe Propylene Carbonate Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.3.5.2. Germany Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.3.6.2. France Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.3.7.2. U.K. Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.3.8.2. Spain Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.3.9.2. Italy Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Propylene Carbonate Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.4. Asia-Pacific Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.4.5.2. China Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.4.6.2. India Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.4.7.2. Japan Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.4.8.2. South Korea Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.5.3. Rest of the World Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.4. Rest of the World Propylene Carbonate Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.5.5.2. Latin America Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.5.6.2. Middle East Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Propylene Carbonate Market Size and Forecast by Form, 2021-2031, ($Million)
7.5.7.2. Africa Propylene Carbonate Market Size and Forecast by Application, 2021-2031, ($Million)
Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Developments
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions
Chapter 9. Company Profiles
9.1. BASF SE
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Hustsman International LLC
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. LyondellBasell Industries Holdings B.V.
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. EMpower Materials
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Anmol Chemicals Group
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Kowa India Pvt, Ltd.
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. ReactChem Co. Ltd
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. SMC – Global
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Taixing Fengming Chemical
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Lixing Chemical
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Players
Market Segments
By Form
- Aqueous
- Pellet
- Films
- Others
By Application
- Paints & Coatings
- Cleaning
- Personal Care
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa