Ethylene Carbonate Market Growth rate, Key Players, Forecast Period

 Over the last few years, the chemical manufacturing industries have experienced tremendous growth due to their expanding use in the automotive and oil and gas industries. In addition, the vehicle industry has experienced rapid expansion, which has considerably boosted the market. In 2018, 95,634,593 automobiles were produced, according to the International Organization of Motor Vehicle Manufacturers (OICA). According to the Huntsman Corporation, approximately 75% of the electrolyte by volume is solvents, mainly ethylene carbonate, which is in higher demand globally. Due to this, the sector will experience a certain influx of demand, increasing revenues over the forecast period.



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