Electronic Grade Vinylene Carbonate Market Size, Share, Growth, And Industry Analysis, By Type (Above 99.99%, Below 99.99%), By Application (Power Electrolyte, Consumer Electrolyte, Energy Storage Electrolyte and Others), Regional Forecast To 2031

Updated On: 22 April 2024

Electronic Grade Vinylene Carbonate Market Report Overview

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The global electronic grade vinylene carbonate market size was USD 991 million in 2022 & the market is expected to reach USD 3974 million in 2031, exhibiting a CAGR of 16.7% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with electronic grade vinylene carbonate market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Electronic grade vinylene carbonate (EGVC) is a high-purity form of vinylene carbonate that is used as an electrolyte additive in lithium-ion batteries. The colourless liquid EGVC has a high dielectric constant and is highly polar. It can form a stable solid-electrolyte interphase (SEI) on the surface of lithium-ion battery electrodes and has excellent thermal stability. Lithium-ion batteries' long-term stability and safety depend on the SEI layer.

In order to enhance the safety and performance of lithium-ion batteries, EGVC is added to the electrolyte solution. When the electrolyte's stability is crucial in high-voltage and high-temperature applications, it is especially useful. Lithium-ion batteries' cycling performance, rate capability, and safety have all been demonstrated to be enhanced by EGVC. The electronic grade vinylene carbonate market is expected to grow in the coming years due to the increasing demand for high-performance batteries, a rise in environmental awareness, growing electronics industry, and government programs and incentives.

COVID-19 Impact: Pandemic Hampered the Demand for Market

The pandemic has disturbed worldwide inventory chains and caused transportation delays, which have prompted deficiencies of raw materials and manufacturing equipment. As a result, production delays and disruptions in the supply chain have occurred for some vinylene carbonate manufacturers. Additionally, as a result of financial uncertainty, many individuals have reduced their spending on non-essential items, the pandemic has resulted in a decline in demand for electronic devices. Vinylene carbonate is expected to continue to be in high demand in the coming years due to the rising popularity of electric vehicles and other electronic devices. Manufacturers are working to ensure the availability of raw materials and manufacturing equipment and to adapt to shifting market conditions. Even though the COVID-19 pandemic has had some negative effect on the production and distribution of vinylene carbonate, the industry's long-term outlook is still favorable.

Latest Trends

"Growing Demand for Electronic Devices to Fuel Market Growth"

Due to the increasing use of lithium-ion batteries in various electronic devices like smartphones, laptops, and electric vehicles, there has been an increase in demand for electronic grade vinylene carbonate in recent years. By increasing the stability, cycle life, and capacity retention of lithium-ion batteries, the compound enhances their performance and safety.  Emergence of new applications for the compound in fields like energy storage and renewable energy, are some of the most recent trends in the market. Furthermore, there is a developing spotlight on maintainability and natural kind disposition in the electronic grade vinylene carbonate market, with makers investigating ways of diminishing the ecological effect of their creation cycles and items. This includes making an effort to use more renewable energy sources and less harmful chemicals. As the demand for high-performance and dependable lithium-ion batteries in a variety of electronic applications rises, the overall market is anticipated to continue expanding in the coming years.

Electronic Grade Vinylene Carbonate Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Above 99.99%, Below 99.99%.

• By Application Analysis

Based on application, the market can be divided into Power Electrolyte, Consumer Electrolyte, Energy Storage Electrolyte and Others.

Driving Factors

"Rising Demand for Consumer Electronics to Stimulate Market Growth"

With the developing penetration of cell phones, tablets, and other electronic gadgets, the demand for excellent electronic parts is additionally expanding. Electronic components like capacitors, which are necessary for these devices to function, are made with EGVC. The electronics industry is always changing, and new technologies are being made to make electronic devices work better and last longer. EGVC plays a crucial role in the creation of new technologies like flexible electronics, which require components that are both efficient and dependable.

"Government Support Initiatives to Accelerate Market Demand"

To cut down on carbon emissions, governments all over the world are putting in place programs to encourage the use of electric vehicles. This is increasing the demand for electronic grade vinylene carbonate, which in turn is driving the demand for lithium-ion batteries. The demand for renewable energy is increasing globally, which is driving the growth of the energy storage market. Vinylene carbonate is used in the production of polymer electrolytes for energy storage systems, which is driving electronic grade vinylene carbonate market growth as vinylene carbonate is used in the production of polymer electrolytes for lithium-ion batteries,

Restraining Factors

"High Production Cost and Restricted Accessibility to Restrict Market Growth"

Vinylene carbonate of electronic grade can be expensive to make, making it less likely to be used in some applications. It is not widely available, which can be a challenge for manufacturers who require large quantities of the material. In some situations, other materials can be utilized in place of electronic grade vinylene carbonate. The market expansion may be hampered as a result.

Electronic Grade Vinylene Carbonate Market Regional Insights

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"Growing Demand in Asia-Pacific Anticipated to Boost Market Expansion "

Asia-Pacific holds the leading position in electronic grade vinylene carbonate market share due to the increasing demand for high-performance lithium-ion batteries in the region and the large number of electronic manufacturers that are present there. Increasing demand for lithium-ion batteries in a variety of sectors, including the automotive, consumer electronics, and energy storage sectors will boost growth of market in this region.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Growth"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.

The top key players in the market are Jiangsu HSC New Energy Materials, Shenzhen Capchem Technology, Rongcheng Qing Mu High-Tech Materials, Guangzhou Tinci, Suzhou Huayi New Energy Technology, Fujian Chuangxin, Yuji Tech, Yongtai Technology, Fujian Broahony New Energy Technology, Shandong Yonghao New Material Technology. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.

List of Market Players Profiled

• Jiangsu HSC New Energy Materials
• Shenzhen Capchem Technology
• Rongcheng Qing Mu High-Tech Materials
• Guangzhou Tinci
• Suzhou Huayi New Energy Technology
• Fujian Chuangxin
• Yuji Tech
• Yongtai Technology
• Fujian Broahony New Energy Technology
• Shandong Yonghao New Material Technology

Report Coverage

This report examines an understanding of the electronic grade vinylene carbonate market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.