Propylene Carbonate Market Analysis

Application (Cleaning & Degreasing, Paint & Coating, Personal Car, Textile Dyeing)

The paint & coating segment is estimated to hold 40% share of the global propylene carbonate market during the projected time frame. The growth of the segment can be attributed to the higher utilization of propylene carbonate in the paint & coating industry in construction and manufacturing processes. It is heavily used in the production of paint since propylene carbonate is a high-boiling solvent along with a film-forming auxiliary. It is primarily used in polyvinylidene fluoride and polyvinyl fluoride systems. For instance, the total value of the paint & coating industry was estimated to be about USD 150 billion in 2020.

Form Type (Aqueous, Emulsion, Film, Pellet)

Propylene carbonate market from the aqueous segment is expected to garner a significant share. Higher utilization of aqueous forms of propylene carbonate across several industries such as cosmetics and personal care is anticipated to drive the segment growth over the forecast period. Aqueous solutions are also highly popular in which water is the solvent and it is known to be great electricity conductors. Some of the common types of aqueous solutions are acid & base solutions, cola, rain, salt, and salt water.

Our in-depth analysis of the global propylene carbonate market includes the following segments: