Propylene Carbonate Market Segmentation:
Form Segment Analysis
The film segment is projected to capture the highest market share throughout the study period, owing to its suitability for battery applications and industrial processing. In lithium-ion batteries, used in electric vehicles and electronics, propylene carbonate in film form is gaining traction as it releases steadily and works well in battery electrolyte systems. The enhancement in ion transportation and longer cycle life are likely to accelerate the demand for propylene carbonate films in the years ahead.
Application Segment Analysis
The solvent segment is anticipated to hold 38.6% of the global market share through 2035. The versatility, eco-friendly profile, and wide industrial adoption are prime factors boosting the use of propylene carbonates in solvents. Further, the excellent solvency power of propylene carbonate is boosting its consumption across various industries such as paints and coatings, cleaning agents, adhesives, plastics, and personal care products. The electronics companies also invest in propylene carbonate solvents for safe cleaning of circuit boards and semiconductors.
End user Segment Analysis
The paints and coatings segment is estimated to account for 30.1% of the global propylene carbonate industry share by 2035. The widespread use of paints and coatings in industries such as electronics, automotive, construction, and beauty care products is directly boosting the revenues of propylene carbonate. The U.S. Bureau of Labor Statistics discloses that the producer price index for paint and coating manufacturing stood at 420.351(P) in July 2025. The low toxicity and high solvency are propelling the use of propylene carbonate in paints and coatings.
Our in-depth analysis of the global market includes the following segments:
|
Segment |
Subsegments |
|
Form |
|
|
Application |
|
|
End user |
|
