탄산프로필렌 세계 시장 규모는 2022년에 2억 5,512만 달러를 기록하고, 예측기간(2024-2031년) 동안 CAGR은 6.3%로, 2023년 2억 7,119만 달러에서 2031년에는 4억 4,212만 달러로 성장할 전망입니다.
프로필렌 글리콜 유래의 유기 용매인 탄산프로필렌 시장은 다양한 산업 분야의 다양한 용도에 힘입어 큰 폭의 성장세를 보이고 있습니다. 탄산프로필렌은 휴대용 전자기기 및 전기자동차에 필수적인 리튬이온 배터리의 전해액으로 사용되는 경우가 증가하고 있는 것이 시장 확대의 주요 요인으로 작용하고 있습니다. 또한, 세계 퍼스널케어 및 화장품 수요 증가로 시장 전망이 더욱 밝아질 것으로 예상됩니다. 자동차 산업에서 생산량이 급증하고 고성능 코팅에 대한 수요가 증가함에 따라 탄산프로필렌의 채용 기회가 더욱 증가하고 있습니다. 또한, 섬유 염색 분야의 성장도 매출에 긍정적인 영향을 미칠 것으로 예상됩니다. 또한, 지속가능성에 대한 관심이 높아지면서 탄산프로필렌의 친환경적 특성과 일치하는 친환경 대체품에 대한 관심이 높아지는 시장에서 공급업체는 유리한 입지를 확보할 수 있습니다. 이러한 추세로 인해 탄산프로필렌 시장은 진화하는 산업 환경 속에서 그 다기능성과 다양한 용도를 활용하고자 하는 이해관계자들의 관심을 끌며 성장할 것으로 예상됩니다.
Global propylene carbonate market size was valued at USD 255.12 million in 2022 and is poised to grow from USD 271.19 million in 2023 to USD 442.12 million by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).
The market for propylene carbonate, an organic solvent derived from propylene glycol, is poised for significant growth, driven by its diverse applications across various industries. A key factor propelling this expansion is the increasing utilization of propylene carbonate as an electrolyte in lithium-ion batteries, which are essential for portable electronics and electric vehicles. Additionally, the rising demand for personal care and cosmetic products globally is expected to further enhance market prospects. The automotive industry's burgeoning production levels, coupled with the escalating need for high-performance coatings, presents additional opportunities for propylene carbonate adoption. Furthermore, the growth of the textile dyeing sector is anticipated to contribute positively to sales. Another influential aspect is the heightened emphasis on sustainability, which aligns well with the eco-friendly attributes of propylene carbonate, positioning suppliers favorably in a market increasingly focused on greener alternatives. As these trends unfold, the propylene carbonate market is expected to thrive, attracting interest from stakeholders keen on capitalizing on its multifunctional properties and diverse applications in the evolving industrial landscape.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Propylene Carbonate market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Propylene Carbonate Market Segmental Analysis
The global propylene carbonate market is segmented based on form, application, and region. Based on form, the market is bifurcated into aqueous, pellet, and others. In terms of application, the market is segmented into paints & coatings, cleaning & degreasing, personal care & cosmetics, textile dyeing, lithium-ion batteries & electronics, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Driver of the Global Propylene Carbonate Market
The rapid growth of the paints and coatings industry serves as a significant driver for the global propylene carbonate market. As manufacturers strive to meet the rising demand for high-performance coatings and paints, the use of aqueous propylene carbonate is becoming more prevalent. This compound enhances the quality and properties of various coatings, thereby fostering market expansion in the years ahead. The continuous evolution of this industry, characterized by innovation and a focus on superior performance, is expected to further accelerate the adoption of propylene carbonate, positively impacting its market growth trajectory.
Restraints in the Global Propylene Carbonate Market
One of the significant challenges facing the global propylene carbonate market is its limited shelf life. Although propylene carbonate can be preserved for extended periods under optimal storage conditions, any deviation from these ideal circumstances can severely compromise its longevity. Factors such as thermal stability and pressure-related issues can emerge if the substance is improperly stored or comes into contact with other materials, ultimately diminishing its shelf life. This reduction not only affects product quality but also presents obstacles to market growth by limiting the product's usability and increasing the risk for manufacturers and distributors.
Market Trends of the Global Propylene Carbonate Market
The Global Propylene Carbonate market is poised for significant growth driven by the escalating demand for lithium-ion batteries, which are pivotal in the transition to clean energy. As electric vehicles gain traction and the need for renewable energy storage grows, the reliance on high-performance electrolytes like propylene carbonate is expected to surge. This trend reflects a broader shift towards sustainable energy solutions, positioning propylene carbonate as a key component within the battery manufacturing sector. Market players are likely to capitalize on this opportunity as technological advancements and increased production capacities align with the rising consumption of eco-friendly energy storage systems, solidifying propylene carbonate's role in future energy innovations.