Ethylene Carbonate (EC) Price Trend

Ethylene Carbonate (EC) Prices June 2023

The price of ethylene carbonate (EC) in the United States for Q2 2023 reached 1,156 USD/MT in June. The conservative stance of market participants is reflected in the low demand for ethylene carbonate from the local automotive industry. Large producers prioritized completing long-term orders, which resulted in delayed replenishments and decreased domestic stockpiles. The conservative stance of market participants is reflected in the low demand for ethylene carbonate from the local automotive industry. Large producers prioritized completing long-term orders, which resulted in delayed replenishments and decreased domestic stockpiles.

The price for ethylene carbonate (EC) in China reached 848 USD/MT in June 2023. China saw the biggest fluctuations in ethylene carbonate prices. Also, crude oil prices, manufacturing costs, and the fundamentals of supply and demand all have an impact on China's market dynamics. In China, the general trend was negative, with prices marginally falling. Seasonality also had an effect; demand and logistics were impacted by the Lunar New Year vacations. In the APAC area, EC prices fell by 16% as compared to the same quarter previous year.

Ethylene Carbonate (EC) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Ethylene Carbonate (EC) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of ethylene carbonate (EC) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of ethylene carbonate (EC) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ethylene carbonate (EC) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing ethylene carbonate (EC) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Ethylene Carbonate (EC) Market Analysis

The global ethylene carbonate (EC) market size reached US$ 545.8 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1,442.2 Million, at a projected CAGR of 11.40% during 2023-2032.

• It is used as an electrolyte solvent in lithium-ion batteries, putting EC in high demand. The demand became stronger with the growth of lithium-ion battery manufacturing due to the global push toward cleaner energy and an increasing addition to electric vehicle use. According to Argonne National Laboratory in 2023, over 1.4 million plug-in electric vehicles (PEVs) were sold in the United States, representing an increase of more than 50% from the previous year. Battery electric vehicles (BEVs) accounted for 80% of these sales, demonstrating the significant market shift toward electric mobility. PEVs captured 9.3% of all passenger vehicle sales in 2023, up from 6.8% in 2022.​Ethylene carbonate (EC) is highly valued due to its high polarity and ability to dissolve lithium salts, which are imperative to the operation and efficiency of the batteries. The biggest markets for these types of elements are the electric vehicle markets, estimated to grow by over 20% CAGR for the coming decade and further fueled by ESS—essentially energy storage systems—for the grids of renewable energy. Here, the trend is further supported by huge investments in battery production facilities and by technical advancements oriented to increase battery life and energy density.
• Moreover, ethylene carbonate (EC) can be highly extended in its application due to its special nature, such as high solubility and low toxicity, for use in cosmetic and pharmaceutical drugs. In the pharmaceutical industry, EC is used to ensure the stability and bioavailability of APIs by acting as a plasticizer and a solvent in medicine manufacturing. The rising need for such excipients is supported by the rising number of chronic diseases and the new drug development. Similarly, the use of EC in the cosmetic industry is on the increase due to it being able to act as an emollient and a solvent in the manufacture of personal care products. The trend is highly supported by the worldwide cosmetic industry, pushed by the forces of consumers wanting high-quality and effective products. The attractiveness of EC is highly supported by another trend: a shift to using strictly renewable and non-toxic solutions as producers strive to meet the legal requirements and consumer desires for better products. In summary, the growth experienced by the EC market is supported by dual usability in the pharmaceutical and cosmetic industries. According to the Centers for Medicare & Medicaid Services (CMS), in 2022, U.S. healthcare spending grew by 4.1% to $4.5 trillion, accounting for 17.3% of the GDP. Prescription drug spending alone increased by 8.4% to $405.9 billion, outpacing the 6.8% growth in 2021​.
• Its increasing use in many industrial applications is attributed to its high boiling point, non-corrosive behavior, and chemical stability. One application of relevance is in the manufacture of greases and lubricants, whereas ethylene carbonate (EC) is used as a performance enhancer and stabilizer. This boosts machinery life and efficacy. This trend of promotion is furthered by enhanced operation efficiency and minimal maintenance expenses that are put under the radar screen of industries. Moreover, EC is highly useful as a solvent within the paint, resin, and plastic industries, for the fact that its usefulness significantly boosts processability and durability in these materials. This is remarkably helping both the construction and auto industries, hence having a growing demand for EC. The demand and use of EC in all industrial applications are bound to grow in the growing market provided that the industries maintain similar high concerns regarding sustainability and operation efficiency. This trend shows how flexible and increasingly valuable EC is currently in all industrial markets.

Ethylene Carbonate (EC) News

The report covers the latest developments, updates, and trends impacting the global ethylene carbonate (EC) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ethylene carbonate (EC) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ethylene carbonate (EC) price trend.

Latest developments in the ethylene carbonate (EC) industry:

• On March 25, 2024, Dow announced a significant investment in expanding its carbonate solvent production capacity on the U.S. Gulf Coast. This new facility, supported by the U.S. Department of Energy, aims to enhance the supply chain for lithium-ion batteries, critical for electric vehicles and energy storage systems.
• On October 16, 2023, BASF has been focusing on boosting its ethylene oxide capacity, which is a key feedstock for ethylene carbonate. This expansion, particularly in Belgium, is expected to relieve the ethylene carbonate (EC) market in Germany and support the growing demand in Europe.

Product Description

Ethylene carbonate (EC), is a principal ingredient that functions as an invisible, colorless liquid or a crystalline solid, colorless to yellowish, depending on the temperature. For example, ethylene carbonate has a chemical formula of C3H4O3. A very versatile organic compound is ethylene carbonate. This is also used much in lithium-ion batteries since it primarily serves as an additive, which is a solvent and electrolyte part, in giving more performance and stability to the battery. All these Ethylene Carbonate properties arise from being highly polar and slightly toxic. Aside from all that, the use of polymers and resin synthesis. EC supplies added flexibility and durability. This is from its operations as a plasticizer and stabilizer. Where the chemical industry is concerned, EC serves as an essential intermediate in making various chemicals, including ethylene glycol and diethylene glycol, while this organic compound serves as a solvent in the pharmaceutical industry in manufacturing medication formulations. Biodegradability and low impact on the environment are another trait that makes ethylene carbonate (EC) suitable for different industrial uses, promising more sustainability and productivity.

Regional Coverage

The report provides a detailed analysis of the ethylene carbonate (EC) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the ethylene carbonate (EC) price trend. 

Global Ethylene Carbonate (EC) Price

The report offers a holistic view of the global ethylene carbonate (EC) pricing trends in the form of ethylene carbonate (EC) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of ethylene carbonate (EC) but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed ethylene carbonate (EC) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Ethylene Carbonate (EC) Price

Several reasons led to a bearish pricing trend in the European ethylene carbonate (EC) market in the fourth quarter of 2023. Additionally, October saw a drop in pricing, which was ascribed to muted demand from downstream industries such as the production of electrolyte solvents and other end-use industries. Moreover, despite a little uptick in the manufacturing PMI, the Eurozone's manufacturing production shrank, as seen by a notable decline in new orders, indicating a prolonged downturn.

This analysis can be extended to include detailed ethylene carbonate (EC) price information for a comprehensive list of countries.

North America Ethylene Carbonate (EC) Price

The North American ethylene carbonate (EC) market showed a mixed picture in the fourth quarter of 2023, with prices rising and falling all over the place. The demand outlook stayed moderate over the three months as customers hesitated to make fresh purchases and instead concentrated on placing long-term orders. Given the abundant material availability seen in the domestic market, demand was erratic in the first month.

Specific ethylene carbonate (EC) historical data within the United States and Canada can also be provided.

Middle East and Africa Ethylene Carbonate (EC) Price

The report explores the ethylene carbonate (EC) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on ethylene carbonate (EC) prices for countries can also be provided.

Asia Pacific Ethylene Carbonate (EC) Price

In the fourth quarter of 2023, the APAC region saw a steady state of the ethylene carbonate (EC) market. Throughout the quarter, the EV segment's demand stayed moderate to high, and the EC supply chain ran at peak efficiency. The pricing trend of the product was influenced by variations in the cost pressure resulting from the feedstock, namely ethylene oxide.

This ethylene carbonate (EC) price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Ethylene Carbonate (EC) Price

The analysis of ethylene carbonate (EC) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of ethylene carbonate (EC) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting ethylene carbonate (EC) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The ethylene carbonate (EC) price charts ensure our clients remain at the forefront of the industry.