Market Overview

Alkylene Carbonates are used as a major solvent in the formulation of microemulsifiable concentrates (MEC), emulsifiable concentrates (EC), concentrated emulsions, suspoemulsions, and microemulsions. They are used in various end use industries such as paints & coatings, agriculture, textiles & fabrics, cosmetics & personal care, and others. They possess high boiling point, high flash points and low evaporation rates which make it suitable for usage in agricultural sector.

Geographically, Asia Pacific region is expected to witness high growth rate as compared to developed regions such as Europe and North America. The demands for alkylene carbonates is comparatively low in North America, Europe, and Rest of the World.

Segmentation Analysis

Segmentation of Global Alkylene Carbonate Market Size is done on the basis of type, end use industry and region. On the basis of type, market is segmented into ethylene carbonate, propylene carbonate, glycerine carbonate. Based on the end use industry, the market is categorized into paints & coatings, agriculture, textiles & fabrics, cosmetics & personal care, and others. Based on region, this market is segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.

Key players-

• BASF SE
• Huntsman International LLC
• Sigma-Aldrich Co. LLC.
• Mitsubishi Chemical Corporation
• Tongling Jintai Chemical Industrial Co. Ltd
• Alfa Aesar
• Qingdao Shinda Chemical Co.Ltd.

Regional Analysis

Asia Pacific region is predicted to lead the market during the forecast period due to high consumption of alkylene cabonates in the paints & coatings, agriculture, textiles & fabrics, cosmetics & personal care, and others. Ethylene and propylene carbonates are widely used in textile and fibers industry. These provide application as a solvents, plasticizers, and reactants. Owing to the growth of textile market in developed countries such as Japan, India, and China act as a driver for the growth of alkylene carbonate market. Rising population coupled with high industrial and technological developments in Asia Pacific region has boost up the market growth. Moreover, the technical textile industry in Europe and North America is getting matured which will further increase the market size along with the rest of the world.

Increasing disposable income and rising awareness about appearance among the working professionals in the metropolitan cities influence the growth of alkylene carbonate market. Attractive package by the salons coupled with increasing consumer awareness about personal care and fashion trends are expected to drive the demand for cosmetics in Asia Pacific. In India and China due to the presence of younger population, usage of personal care and cosmetics is expected to grow significantly and thus increase the demand for alkylene carbonate market. The growth is projected to be mainly driven by the increasing number of online purchasing sites like Amazon, Flipkart, and others. Heavy discounts coupled with no delivery charges helps in boost up the market growth.

The major factors driving the demand of alkylene carbonates in Asia Pacific followed by North America and Europe are increasing demand for skin friendly products and improved lifestyle among the population. In North America and Europe due to the technological advancement and increasing consumer health awareness about personal care are projected to drive the demand for alkylene carbonate market. Various government agencies in Asia Pacific have imposed fine on the usage of VOCs emission solvent and thus increasing the usage of alkylene carbonates over conventional solvents. It is not easy to monitor the environmental policies in small cities and small production plant and thus, may act as a hurdle in growing demand of alkylene carbonates market.

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