The global market for Propylene Carbonate (PC) was estimated to be worth US$ 626 million in 2024 and is forecast to a readjusted size of US$ 961 million by 2031 with a CAGR of 6.4% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Propylene Carbonate (PC) cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
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.
The Propylene Carbonate (PC) market has been experiencing steady growth, primarily driven by its diverse range of industrial applications and the global push toward environmentally friendly solvents. As a biodegradable and non-toxic compound, PC has gained popularity in sectors such as electronics, pharmaceuticals, and cosmetics, where demand for sustainable and high-performance solvents is rising. Additionally, its use as an electrolyte solvent in lithium-ion batteries is expanding rapidly due to the ongoing growth of the electric vehicle and energy storage markets.
On the supply side, market dynamics are influenced by the availability of propylene oxide, a key raw material, and by regional production capabilities, particularly in Asia-Pacific, which leads global PC production. Regulatory frameworks supporting green chemistry and innovations in battery technology are also shaping market trajectories. As companies continue to invest in cleaner and more efficient chemical processes, the PC market is expected to evolve with increasing emphasis on high-purity grades and performance optimization for advanced applications.
This report aims to provide a comprehensive presentation of the global market for Propylene Carbonate (PC), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Propylene Carbonate (PC) by region & country, by Type, and by Application.
The Propylene Carbonate (PC) market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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).
Market Segmentation
By Company
- BASF
- Huntsman
- Lyondellbasell
- Shida Shenghua Chemical
- Daze Group
- Shandong Depu Chemical
- Hi-tech Spring Chemical
- Linyi Evergreen Chemical
- Shandong Feiyang Chemical
- Lixing Chemical
- Kong-lung
Segment by Type
- Lithium Battery Grade
- Industrial Grade
Segment by Application
- Dimethyl Carbonate
- Lithium Battery
- Industrial Solvent
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides 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 2: Detailed analysis of Propylene Carbonate (PC) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Sales, revenue of Propylene Carbonate (PC) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Propylene Carbonate (PC) in country level. It provides sigmate data by Type, and by Application for each country/region.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Propylene Carbonate (PC) Product Introduction
- 1.2 Global Propylene Carbonate (PC) Market Size Forecast
- 1.2.1 Global Propylene Carbonate (PC) Sales Value (2020-2031)
- 1.2.2 Global Propylene Carbonate (PC) Sales Volume (2020-2031)
- 1.2.3 Global Propylene Carbonate (PC) Sales Price (2020-2031)
- 1.3 Propylene Carbonate (PC) Market Trends & Drivers
- 1.3.1 Propylene Carbonate (PC) Industry Trends
- 1.3.2 Propylene Carbonate (PC) Market Drivers & Opportunity
- 1.3.3 Propylene Carbonate (PC) Market Challenges
- 1.3.4 Propylene Carbonate (PC) Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Propylene Carbonate (PC) Players Revenue Ranking (2024)
- 2.2 Global Propylene Carbonate (PC) Revenue by Company (2020-2025)
- 2.3 Global Propylene Carbonate (PC) Players Sales Volume Ranking (2024)
- 2.4 Global Propylene Carbonate (PC) Sales Volume by Company Players (2020-2025)
- 2.5 Global Propylene Carbonate (PC) Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Propylene Carbonate (PC) Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Propylene Carbonate (PC) Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Propylene Carbonate (PC)
- 2.9 Propylene Carbonate (PC) Market Competitive Analysis
- 2.9.1 Propylene Carbonate (PC) Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Propylene Carbonate (PC) Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Propylene Carbonate (PC) as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Lithium Battery Grade
- 3.1.2 Industrial Grade
- 3.2 Global Propylene Carbonate (PC) Sales Value by Type
- 3.2.1 Global Propylene Carbonate (PC) Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Propylene Carbonate (PC) Sales Value, by Type (2020-2031)
- 3.2.3 Global Propylene Carbonate (PC) Sales Value, by Type (%) (2020-2031)
- 3.3 Global Propylene Carbonate (PC) Sales Volume by Type
- 3.3.1 Global Propylene Carbonate (PC) Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Propylene Carbonate (PC) Sales Volume, by Type (2020-2031)
- 3.3.3 Global Propylene Carbonate (PC) Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Propylene Carbonate (PC) Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Dimethyl Carbonate
- 4.1.2 Lithium Battery
- 4.1.3 Industrial Solvent
- 4.1.4 Others
- 4.2 Global Propylene Carbonate (PC) Sales Value by Application
- 4.2.1 Global Propylene Carbonate (PC) Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Propylene Carbonate (PC) Sales Value, by Application (2020-2031)
- 4.2.3 Global Propylene Carbonate (PC) Sales Value, by Application (%) (2020-2031)
- 4.3 Global Propylene Carbonate (PC) Sales Volume by Application
- 4.3.1 Global Propylene Carbonate (PC) Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Propylene Carbonate (PC) Sales Volume, by Application (2020-2031)
- 4.3.3 Global Propylene Carbonate (PC) Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Propylene Carbonate (PC) Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Propylene Carbonate (PC) Sales Value by Region
- 5.1.1 Global Propylene Carbonate (PC) Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Propylene Carbonate (PC) Sales Value by Region (2020-2025)
- 5.1.3 Global Propylene Carbonate (PC) Sales Value by Region (2026-2031)
- 5.1.4 Global Propylene Carbonate (PC) Sales Value by Region (%), (2020-2031)
- 5.2 Global Propylene Carbonate (PC) Sales Volume by Region
- 5.2.1 Global Propylene Carbonate (PC) Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Propylene Carbonate (PC) Sales Volume by Region (2020-2025)
- 5.2.3 Global Propylene Carbonate (PC) Sales Volume by Region (2026-2031)
- 5.2.4 Global Propylene Carbonate (PC) Sales Volume by Region (%), (2020-2031)
- 5.3 Global Propylene Carbonate (PC) Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Propylene Carbonate (PC) Sales Value, 2020-2031
- 5.4.2 North America Propylene Carbonate (PC) Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Propylene Carbonate (PC) Sales Value, 2020-2031
- 5.5.2 Europe Propylene Carbonate (PC) Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Propylene Carbonate (PC) Sales Value, 2020-2031
- 5.6.2 Asia Pacific Propylene Carbonate (PC) Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Propylene Carbonate (PC) Sales Value, 2020-2031
- 5.7.2 South America Propylene Carbonate (PC) Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Propylene Carbonate (PC) Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Propylene Carbonate (PC) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Propylene Carbonate (PC) Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Propylene Carbonate (PC) Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Propylene Carbonate (PC) Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Propylene Carbonate (PC) Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Propylene Carbonate (PC) Sales Value, 2020-2031
- 6.3.2 United States Propylene Carbonate (PC) Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Propylene Carbonate (PC) Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Propylene Carbonate (PC) Sales Value, 2020-2031
- 6.4.2 Europe Propylene Carbonate (PC) Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Propylene Carbonate (PC) Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Propylene Carbonate (PC) Sales Value, 2020-2031
- 6.5.2 China Propylene Carbonate (PC) Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Propylene Carbonate (PC) Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Propylene Carbonate (PC) Sales Value, 2020-2031
- 6.6.2 Japan Propylene Carbonate (PC) Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Propylene Carbonate (PC) Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Propylene Carbonate (PC) Sales Value, 2020-2031
- 6.7.2 South Korea Propylene Carbonate (PC) Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Propylene Carbonate (PC) Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Propylene Carbonate (PC) Sales Value, 2020-2031
- 6.8.2 Southeast Asia Propylene Carbonate (PC) Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Propylene Carbonate (PC) Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Propylene Carbonate (PC) Sales Value, 2020-2031
- 6.9.2 India Propylene Carbonate (PC) Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Propylene Carbonate (PC) Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 BASF
- 7.1.1 BASF Company Information
- 7.1.2 BASF Introduction and Business Overview
- 7.1.3 BASF Propylene Carbonate (PC) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 BASF Propylene Carbonate (PC) Product Offerings
- 7.1.5 BASF Recent Development
- 7.2 Huntsman
- 7.2.1 Huntsman Company Information
- 7.2.2 Huntsman Introduction and Business Overview
- 7.2.3 Huntsman Propylene Carbonate (PC) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Huntsman Propylene Carbonate (PC) Product Offerings
- 7.2.5 Huntsman Recent Development
- 7.3 Lyondellbasell
- 7.3.1 Lyondellbasell Company Information
- 7.3.2 Lyondellbasell Introduction and Business Overview
- 7.3.3 Lyondellbasell Propylene Carbonate (PC) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Lyondellbasell Propylene Carbonate (PC) Product Offerings
- 7.3.5 Lyondellbasell Recent Development
- 7.4 Shida Shenghua Chemical
- 7.4.1 Shida Shenghua Chemical Company Information
- 7.4.2 Shida Shenghua Chemical Introduction and Business Overview
- 7.4.3 Shida Shenghua Chemical Propylene Carbonate (PC) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Shida Shenghua Chemical Propylene Carbonate (PC) Product Offerings
- 7.4.5 Shida Shenghua Chemical Recent Development
- 7.5 Daze Group
- 7.5.1 Daze Group Company Information
- 7.5.2 Daze Group Introduction and Business Overview
- 7.5.3 Daze Group Propylene Carbonate (PC) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Daze Group Propylene Carbonate (PC) Product Offerings
- 7.5.5 Daze Group Recent Development
- 7.6 Shandong Depu Chemical
- 7.6.1 Shandong Depu Chemical Company Information
- 7.6.2 Shandong Depu Chemical Introduction and Business Overview
- 7.6.3 Shandong Depu Chemical Propylene Carbonate (PC) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Shandong Depu Chemical Propylene Carbonate (PC) Product Offerings
- 7.6.5 Shandong Depu Chemical Recent Development
- 7.7 Hi-tech Spring Chemical
- 7.7.1 Hi-tech Spring Chemical Company Information
- 7.7.2 Hi-tech Spring Chemical Introduction and Business Overview
- 7.7.3 Hi-tech Spring Chemical Propylene Carbonate (PC) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Hi-tech Spring Chemical Propylene Carbonate (PC) Product Offerings
- 7.7.5 Hi-tech Spring Chemical Recent Development
- 7.8 Linyi Evergreen Chemical
- 7.8.1 Linyi Evergreen Chemical Company Information
- 7.8.2 Linyi Evergreen Chemical Introduction and Business Overview
- 7.8.3 Linyi Evergreen Chemical Propylene Carbonate (PC) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Linyi Evergreen Chemical Propylene Carbonate (PC) Product Offerings
- 7.8.5 Linyi Evergreen Chemical Recent Development
- 7.9 Shandong Feiyang Chemical
- 7.9.1 Shandong Feiyang Chemical Company Information
- 7.9.2 Shandong Feiyang Chemical Introduction and Business Overview
- 7.9.3 Shandong Feiyang Chemical Propylene Carbonate (PC) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Shandong Feiyang Chemical Propylene Carbonate (PC) Product Offerings
- 7.9.5 Shandong Feiyang Chemical Recent Development
- 7.10 Lixing Chemical
- 7.10.1 Lixing Chemical Company Information
- 7.10.2 Lixing Chemical Introduction and Business Overview
- 7.10.3 Lixing Chemical Propylene Carbonate (PC) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Lixing Chemical Propylene Carbonate (PC) Product Offerings
- 7.10.5 Lixing Chemical Recent Development
- 7.11 Kong-lung
- 7.11.1 Kong-lung Company Information
- 7.11.2 Kong-lung Introduction and Business Overview
- 7.11.3 Kong-lung Propylene Carbonate (PC) Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Kong-lung Propylene Carbonate (PC) Product Offerings
- 7.11.5 Kong-lung Recent Development
8 Industry Chain Analysis
- 8.1 Propylene Carbonate (PC) Industrial Chain
- 8.2 Propylene Carbonate (PC) Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Propylene Carbonate (PC) Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Propylene Carbonate (PC) Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer