Get the latest insights on price movement and trend analysis of Propylene Carbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Propylene Carbonate Price Change in July 2025? The Propylene Carbonate Price Index in China declined by 4.3% quarter-on-quarter, settling at approximately USD 935/tonne FOB Qingdao by the end of June.

The propylene carbonate market is following an inclining at a CAGR of 5.9% through 2034. The industry is set to reach a valuation of around USD 275.8 million in 2024, increasing to USD 488.3 million by 2034. Simply put, its market size is set to almost double in a decade, highlighting the growth potential and investment appeal that companies in the industry cannot ignore.

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The global Propylene Carbonate market stood at approximately 343 thousand tonnes in 2024 and is anticipated to grow at a CAGR of 2.51% during the forecast period until 2035.

The global propylene carbonate market size was over USD 281.79 million in 2024 and is anticipated to witness a CAGR of around 6.1%, crossing USD 608.45 million revenue by 2037. Paint & Coating segment is expected to attain 40% share by 2037, attributed to high usage of propylene carbonate in construction and manufacturing paints.

The global market size of Propylene Carbonate(PPC) is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.

Global Propylene Carbonate(PPC) Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Propylene Carbonate(PPC) industry. The key insights of the report:

1.The report provides key statistics on the market status of the Propylene Carbonate(PPC) manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.

3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.

4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.

5.The report estimates 2019-2024 market development trends of Propylene Carbonate(PPC) industry.

6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out

7.The report makes some important proposals for a new project of Propylene Carbonate(PPC) Industry before evaluating its feasibility.

There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.

For competitor segment, the report includes global key players of Propylene Carbonate(PPC) as well as some small players.

The information for each competitor includes:

* Company Profile

* Main Business Information

* SWOT Analysis

* Sales, Revenue, Price and Gross Margin

* Market Share



For product type segment, this report listed main product type of Propylene Carbonate(PPC) market

* Product Type I

* Product Type II

* Product Type III



For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.

* Application I

* Application II

* Application III



For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:

* North America

* South America

* Asia & Pacific

* Europe

* MEA (Middle East and Africa)

The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.



Reasons to Purchase this Report:

* Analyzing the outlook of the market with the recent trends and SWOT analysis

* Market dynamics scenario, along with growth opportunities of the market in the years to come

* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

* 1-year analyst support, along with the data support in excel format.

We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

Get detailed Propylene Carbonate Market research reports featuring growth analysis and industry intelligence. Premium syndicated data for business strategy and investment decisions.

Stay updated with Market Research Intellect's High Purity Propylene Carbonate Market Report, valued at USD 450 million in 2024, projected to reach USD 700 million by 2033 with a CAGR of 6.5% (2026-2033).

Propylene Carbonate Market is valued at $1.2 billion in 2024 and is expected to reach $1.9 billion by 2034, growing at a CAGR of 4.7% from 2025–2034

High Purity Propylene Carbonate Market Outlook

The global high purity propylene carbonate market size was valued at approximately USD 500 million in 2023 and is projected to reach USD 800 million by 2032, growing at a CAGR of 5.5% during the forecast period. The growth in this market is driven by the expanding demand for high purity propylene carbonate in various industrial applications, particularly in lithium-ion batteries, solvents, and pharmaceuticals. The increasing focus on sustainable and efficient energy storage solutions, coupled with the rising adoption of electric vehicles, is significantly contributing to the market's upward trajectory.

One of the key growth factors for the high purity propylene carbonate market is the surge in demand for lithium-ion batteries. These batteries are widely used in electric vehicles, consumer electronics, and energy storage systems. The superior electrochemical properties of high purity propylene carbonate make it an essential electrolyte solvent in lithium-ion batteries, thereby driving its demand. Additionally, the global push towards electrification and energy efficiency is further bolstering the market. Government incentives, technological advancements, and increasing consumer awareness about sustainable practices are also playing a pivotal role in the market's growth.

Another significant growth factor is the rising application of high purity propylene carbonate as a solvent in various industrial processes. Its excellent solvency power, high boiling point, and low toxicity make it an ideal choice for use in paints, coatings, adhesives, and sealants. The growing construction and automotive sectors are particularly driving the demand for high purity propylene carbonate in these applications. Furthermore, its use as a solvent in the pharmaceutical industry for drug formulation and production is also contributing to the market's expansion. The increasing healthcare expenditure and the growing pharmaceutical industry are expected to create lucrative opportunities for market players.

The growth of the high purity propylene carbonate market is also fueled by its application as a chemical intermediate. It is used in the synthesis of various chemicals and polymers, including polycarbonates, polyurethanes, and alkylene carbonates. The expanding chemical industry, driven by innovations and the demand for high-performance materials, is positively influencing the market. Additionally, the personal care industry is emerging as a significant end-user of high purity propylene carbonate, where it is used in formulations of cosmetics and skincare products. The rising consumer preference for high-quality and safe personal care products is further propelling the market growth.

From a regional perspective, Asia Pacific holds the largest share in the high purity propylene carbonate market, driven by the robust industrial base and the presence of leading battery manufacturers in countries like China, Japan, and South Korea. North America and Europe are also significant markets due to the increasing adoption of electric vehicles and stringent environmental regulations. The Middle East & Africa and Latin America, although smaller in market size, are expected to witness steady growth due to the developing industrial and automotive sectors.

Grade Analysis

The high purity propylene carbonate market is segmented by grade into battery grade, industrial grade, and pharmaceutical grade. Each of these segments plays a crucial role in different applications and industries, catering to specific requirements and standards. The battery grade segment is anticipated to witness the highest growth during the forecast period. This is primarily due to the burgeoning demand for lithium-ion batteries, which are extensively used in electric vehicles and portable electronic devices. The high purity propylene carbonate used in these batteries ensures better performance, stability, and longevity, making it a preferred choice for battery manufacturers.

Industrial grade propylene carbonate is widely used as a solvent in various industrial applications, including paints, coatings, adhesives, and sealants. The excellent solvency properties, coupled with its high boiling point and low toxicity, make it an ideal solvent for these applications. The growing construction and automotive industries are driving the demand for industrial grade propylene carbonate. Additionally, its use in the chemical industry as a reactant and solvent in the production of polymers and other chemicals is further boosting this segment's growth. The increasing focus on sust

Global Propylene Carbonate Market was valued at USD 419.80 Million in 2024 and is expected to reach USD 515.79 Million by 2030 with a CAGR of 2.48%.

Pellet: The most common form of propylene carbonate, used in various applications, including coatings, adhesives, and textile dyeing.Aqueous: Used as a solvent in various industries, such as electronics and pharmaceuticals.Film: Used as a coating material in various applications, including food packaging and electronics.Others: Includes propylene carbonate derivatives and specialty grades with specific properties. Recent developments include: In 2023, Tesla announced a significant partnership, which was headquartered in the United States. The company signed a multi-year agreement with Eastman Chemical to support its commitment to environmental sustainability in transportation., In September 2022, Rare Beauty made headlines when it announced that it would be launching a new collection of blushes. One of these liquid blush products contains propylene carbonate., In March 2022, Tedia Company LLC joined hands with Newbold Enterprises Fairfield. The cooperation is built upon capital provision and Industry know how so as to increase the capacity along with capability requirements of Tedia – an OEM manufacturer high-purity solvents business.. Key drivers for this market are: Increasing demand for electric vehicles and renewable energy. Growing preference for sustainable and environmentally friendly solvents. Technological advancements in propylene carbonate production and application.. Potential restraints include: Volatility in raw material prices. Competition from alternative solvents. Stringent environmental regulations.. Notable trends are: Development of high-performance propylene carbonate grades. Growing demand for bio-based propylene carbonate. Advancements in propylene carbonate recycling technologies..

Report of Propylene Carbonate is covering the summarized study of several factors encouraging the growth of the market such as market size, market type, major regions and end user applications. By using the report customer can recognize the several drivers that impact and govern the market. The report is describing the several types of Propylene Carbonate Industry. Factors that are playing the major role for growth of specific type of product category and factors that are motivating the status of the market.

Global Propylene Carbonate market size 2025 was XX Million. Propylene Carbonate Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Bio-Based Propylene Carbonate Market Outlook

According to our latest research, the global bio-based propylene carbonate market size reached USD 120.7 million in 2024, reflecting a robust growth trajectory. The market is expanding at a CAGR of 8.5% and is forecasted to attain a value of USD 241.4 million by 2033. This growth is primarily driven by increasing demand for sustainable and environmentally friendly chemicals across diverse industries, combined with tightening regulations on fossil-based solvents and a global push towards green chemistry solutions.

One of the primary growth factors for the bio-based propylene carbonate market is the increasing adoption of green chemistry in industrial processes. As industries worldwide strive to reduce their carbon footprint and adhere to stricter environmental regulations, bio-based chemicals are gaining significant traction. Bio-based propylene carbonate, derived from renewable feedstocks such as plants and algae, offers a sustainable alternative to traditional petrochemical-based solvents. This shift is further supported by government incentives and policies promoting the use of bio-based products, particularly in the European Union and North America. These regulatory frameworks are compelling manufacturers to invest in sustainable chemistry, thus fueling the market’s expansion.

Another key driver is the rapid growth of the lithium-ion battery industry, particularly for electric vehicles (EVs) and portable electronics. Bio-based propylene carbonate is increasingly being used as an electrolyte solvent in lithium batteries due to its high dielectric constant and low toxicity. The surging demand for energy storage solutions, driven by the global transition to renewable energy and the electrification of transportation, is significantly boosting the consumption of bio-based propylene carbonate. Moreover, manufacturers are focusing on product innovation to enhance the performance and safety of lithium batteries, creating new opportunities for bio-based solvents in this segment.

The rising consumer preference for eco-friendly products in the personal care, cosmetics, and paints & coatings industries is also propelling market growth. Bio-based propylene carbonate is used as a solvent and viscosity regulator in a variety of formulations, offering a safer and more sustainable alternative to conventional chemicals. Increasing awareness about the harmful effects of petrochemical-derived ingredients and the growing demand for natural and organic products are encouraging manufacturers to incorporate bio-based solvents into their products. This trend is particularly pronounced in developed regions, where consumers are willing to pay a premium for sustainable and health-conscious options.

From a regional perspective, Asia Pacific is emerging as the fastest-growing market for bio-based propylene carbonate, driven by rapid industrialization, expanding automotive and electronics sectors, and supportive government policies. Europe and North America continue to lead in market share due to early adoption of green chemistry and stringent environmental regulations. Meanwhile, Latin America and the Middle East & Africa are witnessing steady growth, supported by increasing investments in sustainable technologies and a gradual shift towards bio-based chemicals. The global landscape is thus characterized by a dynamic interplay of regulatory, technological, and consumer-driven factors shaping the future of the bio-based propylene carbonate market.

Source Analysis

The source segment of the bio-based propylene carbonate market is primarily categorized into plant-based, algae-based, and other renewable sources. Plant-based propylene carbonate currently dominates the market, accounting for a significant share due to the widespread availability and scalability of agricultural feedstocks such as corn, sugarcane, and vegetable oils. The established supply chains for plant-based raw materials, coupled with advancements in biotechnological processes, have enabled cos

Poly Propylene Carbonate Market Outlook

The global market size for Poly Propylene Carbonate (PPC) was valued at approximately USD 1.3 billion in 2023 and is projected to reach USD 2.8 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period. The growth of the PPC market is fueled by increasing awareness towards environmentally friendly and sustainable materials, as well as technological advancements in polymer production.

One of the primary growth factors driving the PPC market is the increasing environmental regulations and policies pushing industries to adopt sustainable and biodegradable materials. Governments and environmental bodies worldwide are advocating for reduced carbon footprints and eco-friendly practices, leading to a surge in the adoption of PPC in various applications. This trend is particularly prominent in sectors such as packaging and consumer goods, where the focus on reducing plastic waste is paramount. Additionally, the ability of PPC to be compostable and its lower environmental impact compared to conventional plastics makes it an attractive alternative.

Technological advancements in polymer synthesis and processing techniques are also significantly contributing to the growth of the PPC market. Innovations in catalyst systems and polymerization methods have led to the production of high-quality PPC with enhanced properties. These advancements have expanded the application scope of PPC, making it suitable for a wider range of industrial and consumer applications. The ongoing research and development activities aimed at improving the physical and mechanical properties of PPC are expected to further bolster market growth.

The growing demand for PPC in the packaging industry is another significant factor driving market growth. As consumers become more eco-conscious, there is a rising preference for sustainable packaging solutions. PPC, with its biodegradable properties and excellent barrier performance, is increasingly being used in the production of packaging materials. This trend is particularly notable in the food and beverage industry, where the demand for biodegradable packaging is on the rise. The shift towards sustainable packaging solutions is expected to continue driving the demand for PPC in the coming years.

From a regional perspective, Asia Pacific is expected to dominate the PPC market during the forecast period. The region's robust industrial base, coupled with increasing investments in sustainable materials, is driving the demand for PPC. Countries such as China, India, and Japan are witnessing significant growth in the adoption of PPC across various industries. North America and Europe are also expected to hold substantial market shares, driven by stringent environmental regulations and the presence of key market players focusing on sustainable material solutions. The Middle East & Africa and Latin America are anticipated to witness moderate growth, supported by increasing awareness and adoption of eco-friendly materials.

Product Type Analysis

The Poly Propylene Carbonate market is segmented by product type into Injection Molding Grade, Extrusion Grade, Blow Molding Grade, and Others. Each product type caters to specific applications and industries, driven by unique properties and processing techniques. Injection Molding Grade PPC is one of the most widely used segments, owing to its versatility and ease of processing. This grade is primarily used in the manufacturing of consumer goods, automotive components, and electronic housings. The increasing demand for lightweight and durable materials in these industries is driving the growth of the Injection Molding Grade PPC segment.

Extrusion Grade PPC is another significant segment that finds applications in the production of films, sheets, and pipes. The excellent barrier properties and biodegradability of Extrusion Grade PPC make it a preferred choice in the packaging industry. The growing demand for sustainable packaging solutions is a key factor driving the growth of this segment. Additionally, the construction industry is increasingly adopting Extrusion Grade PPC for use in building materials and insulation products, further contributing to market growth.

Blow Molding Grade PPC is used in the manufacturing of hollow products such as bottles, containers, and tanks. The demand for Blow Molding Grade PPC is driven by the packaging and consumer goods industries, where there is a growing preference for sustainable and biodegradable materials. The ability of PPC to provide excellent barrier pr

In Global Propylene Carbonate Market, Propylene Carbonate is an organic chemical and a carbonate ester of propylene glycol that may be utilised as a polar aprotic solvent.

Explore the factors influencing polypropylene carbonate pricing, including raw material costs, production methods, demand-supply dynamics, and market trends. Understand how these elements impact PPC costs and strategies for managing price fluctuations.

The Electronic Grade Propylene Carbonate (e-PGC) market is experiencing robust growth, driven by the burgeoning demand for high-performance lithium-ion batteries and specialized industrial solvents. While the exact market size for 2025 is not provided, considering a plausible CAGR of 8% (a conservative estimate given industry growth trends) and assuming a 2019 market size of $500 million, the 2025 market value could be estimated at approximately $750 million. This growth is further fueled by the increasing adoption of electric vehicles (EVs), energy storage systems (ESS), and the rising demand for high-purity solvents in various industrial applications. The market is segmented by purity level (below 99.5%, 99.5-99.9%, above 99.9%) and application (lithium batteries, industrial solvents, others), with the lithium-ion battery segment being the primary driver of market expansion. Key players like BASF, Huntsman, and LyondellBasell are leading the market, along with several significant Chinese manufacturers. Continued technological advancements in battery technology and the increasing focus on sustainability will further propel the e-PGC market's expansion in the coming years. However, potential restraints include price fluctuations of raw materials and the emergence of alternative solvents. The forecast period from 2025 to 2033 presents significant opportunities for growth, particularly in the Asia-Pacific region, driven primarily by China's robust EV market and expanding manufacturing sector. The North American and European markets are also expected to show substantial growth, though potentially at a slightly slower rate than Asia-Pacific. Strategic partnerships, capacity expansions, and technological innovations will be crucial for companies to maintain a competitive edge in this dynamic market. The higher purity grades (99.9%+) are likely to witness the fastest growth rate, driven by their critical role in high-energy-density lithium-ion batteries. Continuous research and development efforts focused on enhancing the efficiency and sustainability of e-PGC production will be instrumental in shaping the future of this market. This report provides a detailed analysis of the global Electronic Grade Propylene Carbonate market, offering invaluable insights for stakeholders across the value chain. The market is experiencing significant growth driven by the booming lithium-ion battery industry and increasing demand for high-purity solvents. We project a market valuation exceeding $2 billion by 2028.

The Propylene Carbonate (PC) market, valued at $812.2 million in 2025, is projected to experience robust growth, driven by the burgeoning lithium-ion battery industry and increasing demand for high-performance solvents in diverse industrial applications. The 5.3% CAGR from 2019-2033 indicates a steady expansion, fueled by the increasing adoption of electric vehicles (EVs) and energy storage systems, which significantly rely on lithium-ion batteries. The lithium battery application segment currently dominates the market, and this trend is expected to continue, propelled by government initiatives promoting sustainable transportation and renewable energy. Growth will also be stimulated by the rising demand for PC as a high-performance solvent in various industries, including pharmaceuticals and electronics manufacturing. However, price volatility of raw materials and the emergence of alternative solvents present potential restraints to market expansion. Market segmentation reveals strong demand for lithium battery-grade PC, reflecting its critical role in battery electrolyte formulations. Key players like BASF, Huntsman, and LyondellBasell are actively investing in capacity expansions to meet the growing demand, while Chinese companies are also making significant contributions to the market's supply chain. Geographical analysis reveals strong market presence in Asia-Pacific, particularly China, driven by its robust manufacturing sector and the concentrated presence of leading battery manufacturers. North America and Europe are also significant markets, with robust growth expected in line with increasing adoption of EVs and renewable energy initiatives. The forecast period (2025-2033) is expected to witness continued growth, particularly in emerging economies experiencing rapid industrialization. While price fluctuations and competition from alternative solvents will pose challenges, the long-term outlook for the PC market remains positive, largely driven by the unstoppable expansion of the electric vehicle and renewable energy sectors. The market is characterized by a strong concentration of established players, alongside a growing number of regional players, leading to intense competition and continuous innovation in product quality and efficiency. The diversification of PC applications beyond lithium batteries will be a key driver of future growth, particularly in specialty chemical applications requiring high-performance solvents with unique properties.