The Global Industrial Grade Ethylene Carbonate (EC) Market was valued at USD 126.80 million in 2023 and is projected to reach USD 200.11 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.20% during the forecast period. This growth is driven by increasing demand for lithium battery electrolytes, expanding polymer applications, and the critical role of EC in dimethyl carbonate production.

As industries worldwide transition toward sustainable chemical solutions, ethylene carbonate has emerged as a versatile solvent and precursor with applications across energy storage, specialty chemicals, and advanced materials. In this comprehensive analysis, we profile the Top 10 Companies in the Industrial Grade Ethylene Carbonate Industry—established chemical leaders and emerging specialists shaping this dynamic market.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Product: Lutrol® EC (Industrial and Battery Grade)

BASF dominates the global ethylene carbonate market with integrated production facilities across three continents. The company’s high-purity EC products are essential for lithium-ion battery electrolytes, polycarbonate manufacturing, and specialty chemical synthesis.

Market Leadership:

• Global production capacity exceeding 150,000 MT annually
• Patented purification technology for battery-grade EC
• Strategic partnerships with major battery manufacturers

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9️⃣ 2. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Product: High-purity EC for electrolyte applications

Mitsubishi Chemical combines petrochemical expertise with advanced EC formulations, serving the rapidly growing Asian battery market. The company has invested heavily in next-generation electrolyte solutions.

Strategic Advantages:

• Dominates 35% of the Japanese EC market
• Fully integrated ethylene oxide to EC production
• Technical collaborations with Toyota and Panasonic

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8️⃣ 3. New Japan Chemical Co., Ltd.

Headquarters: Osaka, Japan
Key Product: Pharmaceutical-grade EC

Specializing in high-value applications, New Japan Chemical produces ultra-pure EC for pharmaceutical intermediates, fine chemicals, and specialized polymer formulations.

Quality Differentiation:

• GMP and ISO 9001 certified production
• Proprietary low-impurity technology
• Custom formulations for niche applications

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7️⃣ 4. TOAGOSEI CO., LTD.

Headquarters: Tokyo, Japan
Key Product: High-volume EC for polymer production

TOAGOSEI operates Asia’s largest single-site EC production facility, supplying major polymer manufacturers across Southeast Asia and India.

Production Capacity:

• 50,000 MT/year dedicated EC capacity
• Expanded logistics infrastructure in Singapore
• Cost-competitive production for bulk applications

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6️⃣ 5. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Product: Jeffsol® EC for industrial applications

Huntsman serves as the primary North American EC supplier, with production focused on high-performance solvents and chemical intermediates.

Regional Strength:

• Strategic feedstock partnerships in Texas
• Specialty formulations for niche markets
• Expanding battery-grade production capacity

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5️⃣ 6. Oriental Union Chemical Corporation (OUCC)

Headquarters: Taipei, Taiwan
Key Product: Industrial and battery-grade EC

OUCC has emerged as a leader in Greater China’s EC market, benefiting from proximity to the world’s largest battery production base.

Growth Strategy:

• Expanding production to meet regional demand
• Strong technical support network
• Cost-efficient manufacturing processes

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4️⃣ 7. Shandong Shida Shenghua Chemical Group

Headquarters: Shandong, China
Key Product: Standard grade EC for domestic market

This Chinese chemical group has rapidly expanded to become one of the country’s largest EC producers, primarily serving domestic battery and polymer industries.

Capacity Expansion:

• Annual production exceeding 100,000 MT
• Fully integrated raw material supply
• Government-supported capacity increases

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3️⃣ 8. Lixing Chemical Co., Ltd.

Headquarters: Liaoning, China
Key Product: Standard and refined EC grades

Lixing Chemical operates multiple production lines in northeast China, serving both domestic and export markets with competitive pricing.

Recent Developments:

• 50,000 MT capacity addition in 2023
• Battery-grade production certification
• Southeast Asia market expansion

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2️⃣ 9. Haike Chemical Group

Headquarters: Shandong, China
Key Product: Industrial-grade EC

Haike Chemical has established itself as a reliable regional supplier in China’s chemical intermediates market.

Market Position:

• Strategic location in China’s petrochemical hub
• Cost-competitive production
• Focusing on quality improvements

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1️⃣ 10. Hengyang New Energy Materials Co., Ltd.

Headquarters: Hunan, China
Key Product: Battery-grade EC for lithium electrolytes

Specializing in battery materials, Hengyang has developed expertise in electrolyte formulations, making it a preferred supplier for China’s battery manufacturers.

Technical Specialization:

• Dedicated battery-grade production lines
• Custom formulations for cathode chemistry
• Strict impurity control standards

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⚗️ Outlook: The Future of Industrial Grade Ethylene Carbonate

The industrial grade ethylene carbonate market stands at an inflection point, with traditional applications in polymers and chemical intermediates being complemented by rapid growth in energy storage solutions.

🔋 Key Market Trends:

• Lithium battery demand driving 70% of new capacity
• Increasing purity requirements for electrolyte applications
• Regional supply chain realignments
• Emerging applications in new battery chemistries

The companies profiled represent the vanguard of ethylene carbonate production, each bringing unique capabilities to meet the evolving demands of industries from energy storage to advanced materials.