New York, Global Propylene Carbonate Market from Global Insight Services is the only authoritative source for intelligence on the Propylene Carbonate Market . The report will provide you with an analysis of the impact of the latest market disruptions such as the Russo-Ukrainian War and Covid-19 on the market. The report provides a qualitative analysis of the market using various frameworks such as Porters Analysis and PESTLE. The report includes in-depth segmentation and market size data by categories, product types, applications, and geographic regions. The report also includes a comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as mergers and acquisitions activities in the market.
Propylene carbonate is a clear, colorless, and nearly odorless organic compound. It is classified as a cyclic carbonate ester, and is used as a solvent and in some types of lubricants. It has a relatively high boiling point and low freezing point, and is miscible with water.
Propylene carbonate is produced by the reaction of propylene oxide and carbonic acid. It is also a byproduct of the production of propylene glycol.
Propylene carbonate is used as a solvent in a variety of applications, including paint strippers, adhesives, inks, and cleaning solutions. It is also used as a component of some types of lubricants, hydraulic fluids, and heat-transfer fluids.
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Key Trends
Some key trends in Propylene Carbonate technology include:
-Development of new and improved catalysts for the production of propylene carbonate
-Improvements in the manufacturing process to increase efficiency and yield
-Use of propylene carbonate as a green solvent in various applications
-Continued research into the potential health and environmental benefits of propylene carbonate
Key Drivers
The key drivers of the propylene carbonate market are the growing demand for propylene carbonate from the electronics and automotive industries, and the increasing use of propylene carbonate as a solvent in the paint and coatings industry.
The electronics industry is the largest consumer of propylene carbonate, accounting for more than 50% of the total demand. Propylene carbonate is used as a solvent in the production of printed circuit boards and as a dielectric fluid in capacitors. The automotive industry is the second largest consumer of propylene carbonate, and it is used as a plasticizer in automotive coatings, as a coolant in battery systems, and as a hydraulic fluid in power steering systems.
The paint and coatings industry is the third largest consumer of propylene carbonate. Propylene carbonate is used as a solvent in paints and coatings, and it is also used as a coalescing agent in latex paints.
The demand for propylene carbonate is also driven by the growing use of propylene carbonate as a solvent in the pharmaceutical industry. Propylene carbonate is used as a solvent in the production of injectable drugs, ophthalmic solutions, and oral liquids.
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Market Segments
By Form
- Aqueous
- Pellet
- Films
- Others
By Application
- Paints & Coatings
- Cleaning
- Personal Care
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa
Key Players
The propylene carbonate market report includes players such as BASF SE, Huntsman International LLC., LyondellBasell Industries Holdings B.V., Empower Materials, Anmol Chemicals Group, Kowa India Pvt.Ltd., ReactChem Co. Ltd, SMC – Global, Taixing Fengming Chemical, and Lixing Chemical.
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Leading research and solutions centered around the market player for the next decade according to the current market scenario
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