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Propylene Carbonate (PC) Market Size, Share Global Outlook and Forecast 2023-2029

Writer's picture: krish mundekrish munde

The global Propylene Carbonate (PC) market was valued at US$ 790.2 million in 2022 and is projected to reach US$ 1117.3 million by 2029, at a CAGR of 5.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


Propylene carbonate, a colorless to yellowish liquid with fruity odor, is a kind of VOC-exempt clear polar solvent having high boiling and flash points, a low order of toxicity and a mild ether-like odor. It is stable under most conditions and is not hydroscopic or corrosive. PC is particularly well suited for applications requiring a water white product or high purity.


This report aims to provide a comprehensive presentation of the global market for Propylene Carbonate (PC), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Propylene Carbonate (PC). This report contains market size and forecasts of Propylene Carbonate (PC) in global, including the following market information:


  • Global Propylene Carbonate (PC) Market Revenue, 2018-2023, 2024-2029, ($ millions)

  • Global Propylene Carbonate (PC) Market Sales, 2018-2023, 2024-2029, (K MT)

  • Global top five Propylene Carbonate (PC) companies in 2022 (%)


Global Propylene Carbonate (PC) (CAS 108-32-7) key players include Shida Shenghua Chemical, Daze Group, Shandong Depu chemical, Hi-tech Spring Chemical, Linyi Evergreen Chemical, etc. Global top five manufacturers hold a share about 65%.

Asia Pacific is the largest market, with a share over 70%, followed by Europe, and North America, both have a share about 20 percent.

In terms of product, Industrial Grade is the largest segment, with a share nearly 90%. And in terms of application, the largest application is Dimethyl Carbonate, followed by Industrial Solvent, Lithium Battery, etc.

We surveyed the Propylene Carbonate (PC) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:


Global Propylene Carbonate (PC) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)

Global Propylene Carbonate (PC) Market Segment Percentages, by Type, 2022 (%)


  • Lithium Battery Grade

  • Industrial Grade


Global Propylene Carbonate (PC) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)

Global Propylene Carbonate (PC) Market Segment Percentages, by Application, 2022 (%)


  • Lithium Battery

  • Dimethyl Carbonate

  • Industrial Solvent

  • Others


Global Propylene Carbonate (PC) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)

Global Propylene Carbonate (PC) Market Segment Percentages, By Region and Country, 2022 (%)


  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)


Competitor Analysis


The report also provides analysis of leading market participants including:


  • Key companies Propylene Carbonate (PC) revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Propylene Carbonate (PC) revenues share in global market, 2022 (%)

  • Key companies Propylene Carbonate (PC) sales in global market, 2018-2023 (Estimated), (K MT)

  • Key companies Propylene Carbonate (PC) sales share in global market, 2022 (%)

key players include:


  • BASF

  • Huntsman

  • LyondellBasell

  • Shida Shenghua Chemical

  • Daze Group

  • Shandong Depu Chemical

  • Hi-tech Spring Chemical

  • Linyi Evergreen Chemical

  • Shandong Feiyang Chemical

  • Lixing Chemical

  • Taixing Fengming Chemical


Outline of Major Chapters:

Chapter 1: Introduces the definition of Propylene Carbonate (PC), market overview.

Chapter 2: Global Propylene Carbonate (PC) market size in revenue and volume.

Chapter 3: Detailed analysis of Propylene Carbonate (PC) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Propylene Carbonate (PC) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Propylene Carbonate (PC) capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.


Table of content

1 Introduction to Research & Analysis Reports 1.1 Propylene Carbonate (PC) Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Propylene Carbonate (PC) Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year 1.5.4 Report Assumptions & Caveats 2 Global Propylene Carbonate (PC) Overall Market Size 2.1 Global Propylene Carbonate (PC) Market Size: 2022 VS 2029 2.2 Global Propylene Carbonate (PC) Revenue, Prospects & Forecasts: 2018-2029 2.3 Global Propylene Carbonate (PC) Sales: 2018-2029 3 Company Landscape 3.1 Top Propylene Carbonate (PC) Players in Global Market 3.2 Top Global Propylene Carbonate (PC) Companies Ranked by Revenue 3.3 Global Propylene Carbonate (PC) Revenue by Companies 3.4 Global Propylene Carbonate (PC) Sales by Companies 3.5 Global Propylene Carbonate (PC) Price by Manufacturer (2018-2023) 3.6 Top 3 and Top 5 Propylene Carbonate (PC) Companies in Global Market, by Revenue in 2022 3.7 Global Manufacturers Propylene Carbonate (PC) Product Type 3.8 Tier 1, Tier 2 and Tier 3 Propylene Carbonate (PC) Players in Global Market 3.8.1 List of Global Tier 1 Propylene Carbonate (PC) Companies 3.8.2 List of Global Tier 2 and Tier 3 Propylene Carbonate (PC) Companies 4 S

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