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Propylene Carbonate Market Share
In the global market, key players like BASF SE and Huntsman Corporation compete on product quality, pricing, and differentiation. BASF, a leader in chemical production, enhances its portfolio with high-purity propylene carbonate for coatings and batteries. Huntsman Corporation, known for its diverse chemical products, focuses on innovation and strategic pricing to gain market share. Both companies also improve their distribution networks to expand globally, emphasizing sustainable and eco-friendly solutions to meet regulatory standards. As demand grows for advanced applications in energy storage and green technologies, competition among these companies intensifies.
Propylene Carbonate Market Companies
Major players operating in the propylene carbonate industry are:
- 3N composites
- BASF SE
- CDH Fine Chemical
- Dhalop Chemicals
- Empower Materials
- Huntsman Corporation
- LyondellBasell
- Merck
- Shandong Depu Chemical
- SMC-Global
- Tokyo Chemical Industry
Who are some of the prominent players in the propylene carbonate industry?
Key players in the industry include 3N composites, BASF SE, CDH Fine Chemical, Dhalop Chemicals, Empower Materials, Huntsman Corporation, LyondellBasell, Merck, Shandong Depu Chemical, SMC-Global, and Tokyo Chemical Industry.
What is the size of the U.S. propylene carbonate market?
The U.S. market achieved a revenue of USD 89.1 million in 2023, largely due to its extensive use in solvents, lithium-ion batteries, and coatings.
Why is the "more than 99%" purity segment leading the market?
The "more than 99%" purity segment generated USD 201.1 million in revenue in 2024, driven by its high demand in lithium-ion battery electrolytes, high-performance coatings, and advanced pharmaceutical formulations.
How big is the propylene carbonate market?
The global propylene carbonate industry was valued at USD 415.4 million in 2024 and is estimated to grow at a CAGR of over 5.7% from 2025 to 2034, driven by its biodegradable nature and excellent solvency power.