The global propylene carbonate market size is calculated at USD 281 million in 2024 and is predicted to reach around USD 503.23 million by 2034, expanding at a CAGR of 6% from 2024 to 2034.
Propylene carbonate is an integral segment of the bulk chemicals industry. Propylene carbonate (PC) is a colourless, odourless and highly polar solvent with wide application such as in industrial processes, cosmetics, electronics, lithium batteries, inks, paints and surface cleaners. PC is a cyclic carbonate ester derived from propylene glycol with the chemical formula C₄H₆O₃. It's stable under most conditions, non-corrosive, and has a low order of toxicity. PC is also biodegradable with a high boiling point and low vapour pressure.
The upsurge in demand for PC with its adoption in lithium-ion batteries as a solvent and electrolyte as well as in pharmaceutical and cosmetic industries acting as an important raw material carrier for active ingredients in both drug delivery systems and cosmetic formulations has potentially increased the global PC sales.
Rising preference of companies towards the usage of PC as it is a vital chemical intermediate in industrial processes for product creation is one of the factors anticipated to create favourable circumstances for the key market players in the upcoming years.
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| Stats ID: | 7203 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7203 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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