Vinylene Carbonate Market Size, Share, Growth, and Industry Analysis, By Type (Purity<99.99% and Purity>=99.99%), By Application (Lithium Ion Battery, Chemical Intermediate, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Vinylene Carbonate Market Report Overview

• 

• Request a Free Sample to learn more about this report

global vinylene carbonate market size was USD 180.23 million in 2022 and market is projected to touch 639.5 Million by 2031, exhibiting a CAGR of 15.11% during the forecast period.

Vinylene carbonate (VC) is a cyclic carbonic acid ester that is unsaturated and considered the simplest of its kind. It can also be viewed as the cyclic carbonate form of a hypothetical (Z)-ethene-1,2-diol. This five-membered oxygen-containing heterocycle contains an activated double bond, which makes it a reactive monomer for homopolymerization and copolymerization, as well as a dienophile in Diels-Alder reactions. At temperatures below room temperature, vinylene carbonate exists as a stable, colourless solid.

The market is expected to rise steadily in the coming years, fuelled by the rising demand for sustainable and eco-friendly materials, the increasing use of lithium-ion batteries in electric vehicles and renewable energy storage, and the development of new polymer and copolymer formulations. Additionally, in terms of by type, <99.99% is the biggest segment in the market. Whereas, the lithium-ion battery is the largest application segment in the market creating a significant demand for the material.

COVID-19 Impact: Restrictions on Transportation and Logistics Networks Effects Vinylene Carbonate Industry

Initially, the COVID-19 pandemic caused a disturbance in supply and demand, it has also affected the global transportation and logistics networks that are critical to the vinylene carbonate market. The disruptions in shipping and air transportation have led to delays and increased costs for the transportation of chemicals, which has had an impact on the overall market. However, as the global economy continues to recover and demand chemicals and related products increases, the vinylene carbonate market is expected to rebound and continue its growth trajectory in the coming years.

Latest Trends

"Trend of Eco-Friendly & Sustainable Materials Generate Market Opportunities"

Over the last few years, the market has been evolving steadily due to the emerging latest innovations and trends in the market and the development of new applications and uses for the chemical. One area of innovation is the use of vinylene carbonate in biodegradable plastics and polymers, which is stirred by the growing demand for eco-friendly and sustainable materials. Also, researchers are exploring new formulations of biodegradable plastics that use vinylene carbonate as a co-monomer, which can improve the durability and strength of the material. In addition to this, another area of innovation is the use of vinylene carbonate in advanced battery technology. As lithium-ion batteries continue to become more prevalent in electric vehicles and other applications, there is a need for additives that can improve their performance and safety. The material is one such additive that has been shown to enhance the stability and lifespan of lithium-ion batteries, and researchers are continuing to explore new ways to incorporate it into battery chemistry. These trends and developments are likely to push the vinylene carbonate market growth during the forecast 2022-2028.

Vinylene Carbonate Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be bifurcated into purity<99.99% and purity>=99.99%.

• By Application Analysis

Based on application, the market can be divided into lithium ion battery, chemical intermediate, and others.

Driving Factors

"Increasing Use of Lithium-ion Batteries Lift the Demand for Vinylene Carbonate"

The market is anticipated to grow gradually due to several driving aspects of the market such as growing demand for eco-friendly and sustainable materials, increasing use of lithium-ion batteries, and technological advancements in manufacturing processes. These factors are attributed to fuel the demand for vinylene carbonate in multiple application sectors which will contribute to the extension of this market as well.

"Growing Advancements in Polymer and Copolymer Formulations Aid the Market Progress"

The market is also driven by advancements in polymer and copolymer formulations. The development of new and improved polymer and copolymer formulations is propelling the demand for vinylene carbonate as a comonomer. Researchers are exploring new formulations that incorporate vinylene carbonate to improve the properties of the material, such as its durability, strength, and resistance to heat and chemicals which is likely to contribute to the growth of the market.

Restraining Factors

"High Cost of Production & Scarcity of Higher Quality Material Can Halt the Market Expansion"

Despite the steady evolution of the industry, some restraining factors can impact the growth of the market. One of the main restraining factors is the high cost of production. The manufacturing process for vinylene carbonate involves several steps and requires the use of specialized equipment and chemicals, which can be expensive. This results in a higher cost for the final product, which can limit its adoption in some applications where cost is a significant factor. As well as a scarcity of higher-quality vinylene carbonate may also confine the market expansion.

Vinylene Carbonate Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"Asia Pacific Leads the Market with the Presence of Key Manufacturers & Large End-Use Industries"

In terms of market shares, Asia Pacific is the dominating region in the vinylene carbonate industry in terms of both production and consumption. The region's dominance can be attributed to several factors, including the presence of key manufacturers, growing demand from end-use industries, and favourable government policies in the region. Moreover, the region holds the majority of the vinylene carbonate market shares significantly.

Key Industry Players

"Leading Companies Invest Heavily in the R&D of New Applications and Technology to Leverage their Expertise "

With regard to key players, eminent companies stimulate market growth as they are involved in the production, distribution, and sale of vinylene carbonate, as well as research and development of new applications and technologies related to the chemical. Some of the leading brands such as Kishida Kagaku, Rongcheng Qing Mu High-Tech Materials, HSC Corporation, Changshu Changel Chemical, also have a significant presence in other related markets, such as chemicals and materials, and leverage their expertise and resources to drive growth in the market.

List of Market Players Profiled

• Kishida Kagaku
• Rongcheng Qing Mu High-Tech Materials
• HSC Corporation
• Changshu Changel Chemical
• SUZHOU HUAYI NEW ENERGY
• HICOMER

Report Coverage

This report defines the vinylene carbonate market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.