Propylene Carbonate Market Outlook:
Propylene Carbonate Market size was USD 448.7 million in 2025 and is estimated to reach USD 796 million by the end of 2035, expanding at a CAGR of 5.9% during the forecast period, i.e., 2026-2035. In 2026, the industry size of propylene carbonate is assessed at USD 475.1 million.
The constant innovations in energy storage technologies are expanding the application of high-grade propylene carbonate. Lithium-ion batteries are the prime end users of propylene carbonate. The report by the International Energy Agency (IEA) discloses that in 2024, the sales of electric cars crossed 17 million. China leads the EV market, followed by the European Union and the U.S. The boasting adoption and production of electric vehicles is anticipated to propel the consumption of propylene carbonate. The clean energy trend and growing environmental awareness among individuals are boosting the sales of electric vehicles, which is subsequently having a positive influence on the consumption of propylene carbonate.
Source: IEA
