Propylene Carbonate Market Global Growth, Opportunities, Growth Analysis & Forecast
Market Highlights The Global Propylene Carbonate Market is estimated to be valued at USD 752.3 Million by 2024, registering a CAGR of 5.57%. The increasing demand for propylene carbonate in the manufacturing of lithium-ion batteries as well as in the paint & coatings industries is expected to fuel the demand of the global propylene carbonate market during the review period. The surging demand for electric vehicles to enhance environmental sustainability is expected to propel the demand for lithium-ion batteries in electric cars, trucks, buses, and two-wheelers and thus, boost the demand for polypropylene carbonate. In addition, the rise in oil & gas exploration activities is positively influencing the application of propylene carbonate usage in the oil and gas separation process. Furthermore, the development of organic-based beauty and personal care products and the emergence of Asia-based EV battery manufacturers in Europe are ...