Rising Demand for Lithium-ion Batteries to Boost the Demand for Ethylene Carbonate Market
Added: (Thu Jan 17 2019)
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According to a new report published by Transparency Market Research, the ethylene carbonate market will record significant growth owing to the rising demand for lithium-ion batteries across the globe. The report titled, “Ethylene Carbonate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” anticipates that the global market will grow substantially during the forecast period.
Ethylene carbonate, an organic compound, is a colorless to yellowish solid with fruity odor. It is an ester of ethylene glycol and carbonic acid. It can be used as a high permittivity component of electrolytes in lithium batteries. Ethylene carbonate is produced by the reaction between ethylene oxide and carbon dioxide. The reaction is catalyzed by a variety of cations and complexes. Ethylene carbonate is a highly polar solvent and dissolves large amount of electrolyte, it is mainly used in lithium batteries electrolyte solution. Ethylene carbonate has higher polarity, better solubility, higher boiling point compared to that of some of the other conventionally used solvents. It can be used as solvent for lubricants and crosslinking agent in super absorbent polymer production. It is also employed in separation of gas washing process and oil field; and as an intermediate in the synthesis of polycarbonate diol. Furthermore, it is used in photochromic applications. Ethylene carbonate is also employed as an electrolyte in lithium-ion batteries. It is used as plasticizer, and as a precursor to vinylene carbonate, which is employed in polymers and organic synthesis.
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Lithium-ion batteries are more efficient than conventional lead batteries, as they require less charging and are lighter in weight. Thus, demand for lead acid has been increasing. This, in turn, is boosting the demand for electrolytes. Ethylene carbonate is being increasingly used in numerous end-use industries such as automotive and consumer electronics. Also the government policies about the fuel economy is rising the demand for the lithium ion batteries in the electric vehicles. This, in turn, is anticipated to boost the ethylene carbonate market. Overheating of lithium-ion batteries and inadequate charging of the battery act as restraints of the lithium battery electrolytes. This, in turn, is projected to hamper the ethylene carbonate market. The usage of vehicles has been rising consistently in Asia Pacific, Europe, and North America over the last decade. This is fueling the demand for ethylene carbonate.
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