Chinese- REPORT SUMMARY
- TABLE OF CONTENTS
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The chemical formula of Propylene carbonate (PC) is C4H6O3, a cyclic carbonate, which is a VOC free transparent polar solution at room temperature, because of its low steam pressure, high dielectric constant, high chemical stability, its boiling point and polarity, mild and non-absorbent or non-corrosive, can be used as a solvent and scavenger.
The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some propylene carbonate enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which have a great impact on the company's business throughout the year. The epidemic will have a short-term impact on propylene carbonate industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in propylene carbonate industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business. Apart from this, the COVID-19 outbreak has resulted in the closing down of several manufacturing facilities across the globe. The pandemic caused huge revenue losses in end-use industry. The coronavirus lockdown put a brake on the production of several key raw materials in the India market, which, in turn, spiked the prices and lowered the demand for the product. The strict lockdown mandates imposed by governments have restricted cross-border trade between countries, another factor proving to be detrimental for propylene carbonate market share. In addition, propylene carbonate manufacturers are drawing up plans for the international market as a new supply link in the India propylene carbonate industry, as companies look to re-engineer supply chains in the aftermath of COVID-19. Also, the product demand in end-user sectors could pick up following the uplift of the lockdown in numerous countries.
BASF is one of the major players operating in the Propylene Carbonate market, holding a share of 23.86% in 2023. BASF SE is a German multinational chemical company and the largest chemical producer in the world. BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Their portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polymer compounds and the largest licensor of polyolefin technologies. LyondellBasell's materials and technologies are advancing solutions in food safety and access, clean water, cleaner air and fuel efficiency, quality healthcare and sustainable and modern living.
Among different product types, Industrial Grade segment is anticipated to contribute the largest market share in 2028. Battery Grade Battery grade means that the content of propylene carbonate is not less than 99.99%, which is mainly used as a solvent for lithium battery electrolyte. Industrial Grade Industrial grade means that the content of propylene carbonate is less than 99.99%, which can be used in petrochemical, textile, paint and coating, cosmetics, electronic products and other industries.
By application, the Solvent segment occupied the biggest share from 2018 to 2022. Solvent Propylene carbonate is used as a solvent in a wide range of applications. Propylene carbonate can be used to remove carbon dioxide and hydrogen sulfide in natural gas, petroleum cracking gas, and synthetic ammonia raw material gas. It can also be used as a polymer solvent in the polymer industry, and can also be used as a spinning solvent in the textile industry, etc. Cleaning Agent As a cleaner, propylene carbonate can be used as an ink cleaner, multi-purpose industrial and consumer cleaner, electronic cleaner, unsaturated polyester cleaner, metal cleaner, degreaser, and more.
This industry is widely used downstream In the field of power battery applications, with the further reduction in the cost of lithium-ion batteries and the improvement of industry standards, the penetration rate of electric vehicles will continue to increase. In addition, electric bicycles and low-speed electric vehicles will increasingly use lithium-ion batteries to replace traditional lead-acid batteries; in the field of digital battery applications, the maturity and large-scale commercial application of 5G technology will lead to the replacement of smart mobile devices need. In addition, the rise of emerging electronic products such as wearable devices, electronic cigarettes, drones, and wireless Bluetooth speakers will also bring new markets for digital batteries; in the field of energy storage battery applications, power grid energy storage, base station backup power, home light Storage systems, electric vehicle light-storage charging stations, etc. all have a large room for growth. The downstream applications of the lithium-ion battery electrolyte solvent industry are still being enriched, and the huge potential of the downstream application market will promote the vigorous development of the lithium-ion battery material industry and drive the development of this industry. India's electric vehicle market is growing rapidly According to data released by Everporter and Statista, In 2022, the sales of electric vehicles in India will exceed 1 million units for the first time, a record year-on-year increase of 206% compared to the sales of electric vehicles in 2021. In 2022, total electric vehicle sales in India will be 10,54,938 units, a record sales volume across all automotive segments, accounting for 4.7% of total vehicle sales. EV sales in 2022 more than triple from 2021's 344,495. In 2022, the registration volume of electric four-wheel vehicles will be 41,675, a year-on-year increase of 178%. The Indian electric vehicle market is growing rapidly and the Indian government has provided a favorable policy environment. The second phase of the Indian Government's "Faster Adoption and Manufacturing of Hybrid and Electric Vehicles" (FAME) program aims to rapidly drive electric vehicle sales across India through incentives for car companies, which will continue to support car companies to explore the market, and subsidies will end on March 31, 2024. With the continuous development of India's downstream new energy vehicle industry, the application scenarios of digital batteries are becoming richer and the energy storage battery market is gradually opening, and the major lithium-ion battery electrolyte manufacturers in the industry have set up factories in India to increase production capacity, which will drive the rapid growth of downstream solvent market shipments and is expected to continue.
This report elaborates on the current development of the Propylene Carbonate industry thoroughly based on the international market dynamics and China's market situation.
For a start, the report provides an in-depth analysis of the current market situation through three different aspects - by region, by type and by application, which includes market distribution of different types and applications, import and export analysis of major regions, development trends of different types of products in each region, market opportunities and market restrains of different applications.
Secondly, this report lists the major players in the industry, displaying their market positions and strengths and weaknesses of their products, picturing the current competitive situation of the whole market.
Last but not least, the report analyzes and predicts the investment prospects and risks in the industry on the basis of industry data, combined with experts' opinions and suggestions.
By Player:
3N Composite Products LLP
Daze Group
Shinghwa Advanced
BASF
Paint Brush Limited
Anmol Chemicals
Huntsman
Tokyo Chemical Industry
Linyi Evergreen Chemical
By Type:
Battery Grade
Industrial Grade
By Application:
Cleaning Agent
Others
Solvent
By Research Region:
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North China
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Central China
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South China
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East China
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Northeast China
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Southwest China
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Northwest China
TABLE OF CONTENT
Chapter 1 China Propylene Carbonate Market Overview 2018-2029
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1.1 China Propylene Carbonate Industry Development Overview
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1.2 China Propylene Carbonate Industry Development History
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1.3 China Propylene Carbonate Industry Market Size (2018-2029)
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1.4 China Propylene Carbonate Market Analysis by Type from Production Side
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1.4.1 China Propylene Carbonate Production Volume, Production Value and Growth Rate of Battery Grade (2018-2029)
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1.4.2 China Propylene Carbonate Production Volume, Production Value and Growth Rate of Industrial Grade (2018-2029)
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1.5 China Propylene Carbonate Market Analysis by Application from Consumption End
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1.5.1 China Propylene Carbonate Sales Volume, Sales Value and Growth Rate of Cleaning Agent (2018-2029)
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1.5.2 China Propylene Carbonate Sales Volume, Sales Value and Growth Rate of Others (2018-2029)
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1.5.3 China Propylene Carbonate Sales Volume, Sales Value and Growth Rate of Solvent (2018-2029)
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1.6 China Propylene Carbonate Market Analysis by Region
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1.6.1 North China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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1.6.2 Central China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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1.6.3 South China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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1.6.4 East China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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1.6.5 Northeast China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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1.6.6 Southwest China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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1.6.7 Northwest China Propylene Carbonate Market Size and Growth Rate from 2018-2029
Chapter 2 China Propylene Carbonate Industry Development Environment
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2.1 Industry Development Environment Analysis
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2.1.1 Industry Technological Progress Analysis
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2.1.2 Industrial Organizational Innovation Analysis
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2.1.3 Changes in Social Habits
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2.1.4 Alterations in Government Policies
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2.1.5 Impact of Economic Globalization
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2.2 Domestic and Foreign Industry Competition Analysis
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2.2.1 Comparative Analysis on Propylene Carbonate Market Status and Competition at home and abroad in 2023
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2.2.2 China Propylene Carbonate Market Status and Competition Analysis in 2023
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2.2.3 China Propylene Carbonate Market Concentration Analysis in 2023
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2.3 Problems and Countermeasures in the development of China Propylene Carbonate Industry
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2.3.1 Industry Development Constraints
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2.3.2 Industry Development Considerations
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2.3.3 Suggestions on Industry Development Measures
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2.3.4 Development Strategies for SMEs
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2.4 Influence of COVID-19 Outbreak on Propylene Carbonate Industry Development
Chapter 3 Propylene CarbonateIndustry Chain Analysis
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3.1 Propylene Carbonate Industry Chain
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3.2 Propylene Carbonate Upstream Industry Analysis
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3.2.1 Upstream Industry Development Status
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3.2.2 Upstream Industry Development Forecast
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3.2.3 Impact of Upstream Industry on the Propylene Carbonate Market
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3.3 Propylene Carbonate Downstream Industry Analysis
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3.3.1 Downstream Industry Development Status
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3.3.2 Downstream Industry Development Forecast
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3.3.3 Impact of Downstream Industry on the Propylene Carbonate Market
Chapter 4 China Propylene Carbonate Market, by Type
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4.1 China Propylene Carbonate Market Trend, by Type
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4.2 Product Types of Major Suppliers
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4.3 Competitive Landscape of Major Types
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4.4 China Propylene Carbonate Total Production Volume and Growth Rate from Production Side
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4.5 China Propylene Carbonate Production Volume and Growth Rate, by Type
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4.5.1 China Propylene Carbonate Production Volume and Growth Rate of Battery Grade
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4.5.2 China Propylene Carbonate Production Volume and Growth Rate of Industrial Grade
Chapter 5 China Propylene Carbonate Market, by Application
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5.1 Downstream Market Overview
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5.2 Competitive Landscape of Major Applications
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5.3 Market Potential Analysis, by Application
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5.4 China Propylene Carbonate Total Market Size and Growth Rate from Consumption End
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5.5 China Propylene Carbonate Market Size and Growth Rate, by Application
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5.5.1 China Propylene Carbonate Market Size and Growth Rate of Cleaning Agent
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5.5.2 China Propylene Carbonate Market Size and Growth Rate of Others
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5.5.3 China Propylene Carbonate Market Size and Growth Rate of Solvent
Chapter 6 China Propylene Carbonate Market, by Region
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6.1 China Propylene Carbonate Production Volume and Production Value, by Region
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6.2 China Propylene Carbonate Sales Volume and Sales Value, by Region
Chapter 7 North China Propylene Carbonate Market Analysis
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7.1 North China Propylene Carbonate Market, by Type
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7.2 North China Propylene Carbonate Market, by Application
Chapter 8 Central China Propylene Carbonate Market Analysis
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8.1 Central China Propylene Carbonate Market, by Type
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8.2 Central China Propylene Carbonate Market, by Application
Chapter 9 South China Propylene Carbonate Market Analysis
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9.1 South China Propylene Carbonate Market, by Type
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9.2 South China Propylene Carbonate Market, by Application
Chapter 10 East China Propylene Carbonate Market Analysis
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10.1 East China Propylene Carbonate Market, by Type
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10.2 East China Propylene Carbonate Market, by Application
Chapter 11 Northeast China Propylene Carbonate Market Analysis
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11.1 Northeast China Propylene Carbonate Market, by Type
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11.2 Northeast China Propylene Carbonate Market, by Application
Chapter 12 Southwest China Propylene Carbonate Market Analysis
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12.1 Southwest China Propylene Carbonate Market, by Type
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12.2 Southwest China Propylene Carbonate Market, by Application
Chapter 13 Northwest China Propylene Carbonate Market Analysis
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13.1 Northwest China Propylene Carbonate Market, by Type
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13.2 Northwest China Propylene Carbonate Market, by Application
Chapter 14 Company Profiles
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14.1 3N Composite Products LLP
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14.1.1 3N Composite Products LLP Company Profile
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14.1.2 3N Composite Products LLP Propylene Carbonate Market Performance
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14.1.3 Product&Service Introduction
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14.2 Daze Group
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14.2.1 Daze Group Company Profile
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14.2.2 Daze Group Propylene Carbonate Market Performance
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14.2.3 Product&Service Introduction
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14.3 Shinghwa Advanced
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14.3.1 Shinghwa Advanced Company Profile
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14.3.2 Shinghwa Advanced Propylene Carbonate Market Performance
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14.3.3 Product&Service Introduction
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14.4 BASF
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14.4.1 BASF Company Profile
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14.4.2 BASF Propylene Carbonate Market Performance
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14.4.3 Product&Service Introduction
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14.5 Paint Brush Limited
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14.5.1 Paint Brush Limited Company Profile
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14.5.2 Paint Brush Limited Propylene Carbonate Market Performance
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14.5.3 Product&Service Introduction
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14.6 Anmol Chemicals
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14.6.1 Anmol Chemicals Company Profile
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14.6.2 Anmol Chemicals Propylene Carbonate Market Performance
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14.6.3 Product&Service Introduction
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14.7 Huntsman
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14.7.1 Huntsman Company Profile
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14.7.2 Huntsman Propylene Carbonate Market Performance
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14.7.3 Product&Service Introduction
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14.8 Tokyo Chemical Industry
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14.8.1 Tokyo Chemical Industry Company Profile
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14.8.2 Tokyo Chemical Industry Propylene Carbonate Market Performance
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14.8.3 Product&Service Introduction
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14.9 Linyi Evergreen Chemical
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14.9.1 Linyi Evergreen Chemical Company Profile
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14.9.2 Linyi Evergreen Chemical Propylene Carbonate Market Performance
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14.9.3 Product&Service Introduction
Chapter 15 Research Conclusions and Investment Suggestions
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15.1 Propylene Carbonate Industry Research Conclusions
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15.2 Propylene Carbonate Industry Investment Suggestions
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15.2.1 Suggestions on Industry Development Strategy
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15.2.2 Suggestions on Industry Investment Direction
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15.2.3 Suggestions on Industry Investment Strategy
List of Tables and Figures
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Figure China Propylene Carbonate Industry Market Size (2018-2029)
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Figure China Propylene Carbonate Production Volume, Production Value and Growth Rate of Battery Grade (2018-2029)
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Figure China Propylene Carbonate Production Volume, Production Value and Growth Rate of Industrial Grade (2018-2029)
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Figure China Propylene Carbonate Sales Volume, Sales Value and Growth Rate of Cleaning Agent (2018-2029)
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Figure China Propylene Carbonate Sales Volume, Sales Value and Growth Rate of Others (2018-2029)
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Figure China Propylene Carbonate Sales Volume, Sales Value and Growth Rate of Solvent (2018-2029)
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Figure North China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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Figure Central China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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Figure South China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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Figure East China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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Figure Northeast China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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Figure Southwest China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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Figure Northwest China Propylene Carbonate Market Size and Growth Rate from 2018-2029
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Figure Propylene Carbonate Industry Chain
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Table Product Types of Major Suppliers in 2023
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Figure China Propylene Carbonate Market Share by Type in 2018
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Figure China Propylene Carbonate Market Share by Type in 2023
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Figure China Propylene Carbonate Total Production Volume and Growth Rate from Production Side (2018-2023)
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Figure China Propylene Carbonate Production Volume and Growth Rate of Battery Grade (2018-2023)
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Figure China Propylene Carbonate Production Volume and Growth Rate of Industrial Grade (2018-2023)
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Figure China Propylene Carbonate Market Share by Application in 2018
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Figure China Propylene Carbonate Market Share by Application in 2023
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Figure China Propylene Carbonate Total Market Size and Growth Rate from Consumption End
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Figure China Propylene Carbonate Market Size and Growth Rate of Cleaning Agent (2018-2023)
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Figure China Propylene Carbonate Market Size and Growth Rate of Others (2018-2023)
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Figure China Propylene Carbonate Market Size and Growth Rate of Solvent (2018-2023)
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Table China Propylene Carbonate Production Volume by Region (2018-2023)
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Table China Propylene Carbonate Production Volume Share by Region (2018-2023)
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Figure China Propylene Carbonate Production Volume Share by Region (2018-2023)
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Table China Propylene Carbonate Production Value by Region (2018-2023)
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Table China Propylene Carbonate Production Value Share by Region (2018-2023)
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Figure China Propylene Carbonate Production Value Share by Region (2018-2023)
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Table China Propylene Carbonate Sales Volume by Region (2018-2023)
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Table China Propylene Carbonate Sales Volume Share by Region (2018-2023)
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Figure China Propylene Carbonate Sales Volume Share by Region (2018-2023)
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Table China Propylene Carbonate Sales Value by Region (2018-2023)
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Table China Propylene Carbonate Sales Value Share by Region (2018-2023)
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Figure China Propylene Carbonate Sales Value Share by Region (2018-2023)
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Table North China Propylene Carbonate Production Volume by Type (2018-2023)
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Table North China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Figure North China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Table North China Propylene Carbonate Sales Volume by Application (2018-2023)
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Table North China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Figure North China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Table Central China Propylene Carbonate Production Volume by Type (2018-2023)
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Table Central China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Figure Central China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Table Central China Propylene Carbonate Sales Volume by Application (2018-2023)
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Table Central China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Figure Central China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Table South China Propylene Carbonate Production Volume by Type (2018-2023)
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Table South China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Figure South China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Table South China Propylene Carbonate Sales Volume by Application (2018-2023)
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Table South China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Figure South China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Table East China Propylene Carbonate Production Volume by Type (2018-2023)
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Table East China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Figure East China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Table East China Propylene Carbonate Sales Volume by Application (2018-2023)
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Table East China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Figure East China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Table Northeast China Propylene Carbonate Production Volume by Type (2018-2023)
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Table Northeast China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Figure Northeast China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Table Northeast China Propylene Carbonate Sales Volume by Application (2018-2023)
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Table Northeast China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Figure Northeast China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Table Southwest China Propylene Carbonate Production Volume by Type (2018-2023)
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Table Southwest China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Figure Southwest China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Table Southwest China Propylene Carbonate Sales Volume by Application (2018-2023)
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Table Southwest China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Figure Southwest China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Table Northwest China Propylene Carbonate Production Volume by Type (2018-2023)
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Table Northwest China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Figure Northwest China Propylene Carbonate Production Volume Share by Type (2018-2023)
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Table Northwest China Propylene Carbonate Sales Volume by Application (2018-2023)
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Table Northwest China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Figure Northwest China Propylene Carbonate Sales Volume Share by Application (2018-2023)
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Table 3N Composite Products LLP Company Profile
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Table 3N Composite Products LLP Propylene Carbonate Revenue, Price and Gross (2018-2023)
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Table Daze Group Company Profile
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Table Daze Group Propylene Carbonate Revenue, Price and Gross (2018-2023)
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Table Shinghwa Advanced Company Profile
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Table Shinghwa Advanced Propylene Carbonate Revenue, Price and Gross (2018-2023)
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Table BASF Company Profile
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Table BASF Propylene Carbonate Revenue, Price and Gross (2018-2023)
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Table Paint Brush Limited Company Profile
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Table Paint Brush Limited Propylene Carbonate Revenue, Price and Gross (2018-2023)
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Table Anmol Chemicals Company Profile
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Table Anmol Chemicals Propylene Carbonate Revenue, Price and Gross (2018-2023)
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Table Huntsman Company Profile
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Table Huntsman Propylene Carbonate Revenue, Price and Gross (2018-2023)
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Table Tokyo Chemical Industry Company Profile
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Table Tokyo Chemical Industry Propylene Carbonate Revenue, Price and Gross (2018-2023)
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Table Linyi Evergreen Chemical Company Profile
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Table Linyi Evergreen Chemical Propylene Carbonate Revenue, Price and Gross (2018-2023)
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