The global ethyl methyl carbonate market is highly competitive, with several players operating in the market. The market players are focusing on various strategies, including mergers and acquisitions, partnerships, collaborations, and product launches, to expand their market presence and increase their market share.
Some of the key players operating in the market include BASF SE, UBE Industries Ltd., Panax-Etec, Mitsubishi Chemical Corporation, Shandong Shida Shenghua Chemical Group Co., Ltd., Shenzhen Capchem Technology Co., Ltd., and Zhangjiagang Guotai-Huarong New Chemical Materials Co., Ltd.
BASF SE is a global chemical company that operates in various segments, including chemicals, performance products, functional materials and solutions, agricultural solutions, and oil and gas. The company offers ethyl methyl carbonate under the brand name BMX-EMC. In February 2021, BASF SE announced that it had completed the acquisition of Solvay’s polyamide business, which includes a manufacturing facility in South Korea that produces ethyl methyl carbonate.
UBE Industries Ltd. is a global specialty chemical company that operates in various segments, including chemicals, pharmaceuticals, cement and construction materials, and machinery. The company offers ethyl methyl carbonate under the brand name UBE EMC. In March 2021, UBE Industries Ltd. announced that it had signed an agreement with Mitsubishi Chemical Corporation to collaborate on the development and commercialization of high-performance electrolytes for lithium-ion batteries.
Panax-Etec is a South Korean company that specializes in the development and manufacture of electrolyte materials for lithium-ion batteries. The company offers ethyl methyl carbonate under the brand name EMC. In January 2021, Panax-Etec announced that it had signed an agreement with LG Chem Ltd. to supply electrolyte materials for LG Chem’s electric vehicle battery cells.
Mitsubishi Chemical Corporation is a global chemical company that operates in various segments, including performance products, industrial materials, health care, and chemicals. The company offers ethyl methyl carbonate under the brand name S-MEC. In March 2021, Mitsubishi Chemical Corporation announced that it had signed an agreement with UBE Industries Ltd. to collaborate on the development and commercialization of high-performance electrolytes for lithium-ion batteries.
Shandong Shida Shenghua Chemical Group Co., Ltd. is a Chinese company that specializes in the production and sale of organic and inorganic chemicals. The company offers ethyl methyl carbonate under the brand name EMC. In April 2021, Shandong Shida Shenghua Chemical Group Co., Ltd. announced that it had signed an agreement with Capchem Technology Co., Ltd. to collaborate on the development and commercialization of lithium-ion battery electrolytes.
Shenzhen Capchem Technology Co., Ltd. is a Chinese company that specializes in the development and production of advanced materials for lithium-ion batteries. The company offers ethyl methyl carbonate under the brand name EMC. In April 2021, Shenzhen Capchem Technology Co., Ltd. announced that it had signed an agreement with Shandong Shida Shenghua Chemical Group Co., Ltd. to collaborate on the development and commercialization of lithium-ion battery electrolytes.
Zhangjiagang Guotai-Huarong New Chemical Materials Co., Ltd. is a Chinese company that specializes in the production and sale of organic and inorganic chemicals. The company offers ethyl methyl carbonate under the brand name EMC. In February 2021, Zhangjiagang Guotai-Huarong New Chemical Materials Co., Ltd. announced that it had signed an agreement with LG Chem Ltd. to supply electrolyte materials for LG Chem’s electric vehicle battery cells.
In conclusion, the global ethyl methyl carbonate market is highly competitive, with several players operating in the market. The market players are
to invest in research and development to improve the performance and reduce the cost of their products. The market players are also focusing on expanding their market presence by entering into strategic partnerships and collaborations with other companies.
The key players in the market are also focusing on expanding their product portfolio by launching new products. For instance, in 2019, BASF SE launched a new grade of ethyl methyl carbonate, BMX-EMC 99.5, which has higher purity and better performance than its previous product, BMX-EMC 99.0.
The market players are also focusing on expanding their production capacity to meet the growing demand for ethyl methyl carbonate. For instance, in 2019, Panax-Etec announced that it was planning to invest in a new production facility in South Korea to increase its production capacity for electrolyte materials for lithium-ion batteries.
The market players are also focusing on expanding their market presence in emerging markets such as Asia Pacific and Latin America. The growing demand for ethyl methyl carbonate in these regions can be attributed to the increasing adoption of electric vehicles and the growing demand for renewable energy.
In addition, the market players are also focusing on developing environmentally friendly products to meet the growing demand for green solvents. The increasing awareness about the environmental impact of chemicals and the stringent environmental regulations are driving the demand for green solvents such as ethyl methyl carbonate.
Overall, the global ethyl methyl carbonate market is highly competitive, and the market players are focusing on various strategies such as mergers and acquisitions, partnerships, collaborations, and product launches to increase their market share and expand their market presence. The market players are also focusing on expanding their production capacity, developing environmentally friendly products, and expanding their market presence in emerging markets to meet the growing demand for ethyl methyl carbonate.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Knox Market Research journalist was involved in the writing and production of this article.
