Cetyl Chloroformate Market Overview
The U.S. Industrial Grade Propylene Carbonate market is growing moderately, driven by demand in the energy storage, personal care, and chemical industries
The personal care products segment is growing at 6% annually.
In 2023, total consumption reached 28,000 metric tons, with the lithium-ion battery sector accounting for 40% of demand.
The market saw a 10% increase in demand for highpurity grades in 2023, particularly for use in advanced battery electrolytes.
Market Value & Growth Projections
Market Value & Growth Projections: • Global Market Value (2024): US$
million • Projected Market Value (2030): US$ 89.3million • CAGR (2023-2030): 4.8%
Key Market Drivers:
Market Segmentation
By Type
By Application
Paints & Coatings
Textile
Energy & Power
Solvents
Cleaners
Binder
By Region
North America
United States
Regional Market Analysis
North East: This region, encompassing states like New York and Pennsylvania, has a strong presence of pharmaceutical and specialty chemical industries.
Midwest: tates such as Ohio, Illinois, and Michigan have a robust manufacturing base, including automotive and industrial equipment sectors.
South: The Southern states, including Texas and Louisiana, host significant petrochemical and energy industries
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