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 (2024–2032). This expansion is fueled by rising demand for dimethyl carbonate production, increased applications in lithium-ion batteries, and advancements in sustainable chemical manufacturing.
As industries globally shift toward eco-friendly and high-performance chemical solutions, ethylene carbonate has become indispensable across multiple sectors. This report analyzes the Top 10 Companies in the Industrial Grade Ethylene Carbonate Market—global leaders and regional specialists shaping this critical industrial chemical’s future.
🔟 1. BASF SE
Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity EC (Battery & Industrial Grades)
BASF maintains its market leadership with vertically integrated production across three continents, supplying 28% of global ethylene carbonate demand. The company’s EC is crucial for lithium battery electrolytes, polymer production, and pharmaceutical applications.
Innovation Milestones:
- Pioneered energy-efficient EC production with 30% lower emissions (2022)
- Launched EC recycling program with 95% material recovery rate
- Secured contracts with top 5 EV battery manufacturers
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9️⃣ 2. Mitsubishi Chemical Corporation
Headquarters: Tokyo, Japan
Key Offering: Ultra-High Purity EC (≥99.99%)
Mitsubishi dominates Asia’s EC market with proprietary purification technology, capturing 35% of Japan’s capacity. Their products enable precision applications in electronics and fine chemicals.
Innovation Milestones:
- Developed nano-filtration systems reducing impurity levels to <10ppm
- Implemented closed-loop water usage in EC production
8️⃣ 3. Huntsman Corporation
Headquarters: The Woodlands, Texas, USA
Key Offering: Polymer-Grade EC Solutions
Huntsman supplies 18% of North America’s ethylene carbonate, with formulations optimized for polycarbonates, polyurethanes, and specialty polymers.
Innovation Milestones:
- Introduced low-VOC EC variants for automotive interiors
- Pilot testing bio-based EC production (30% renewable content)
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Industrial Grade Ethylene Carbonate (EC) Market – View in Detailed Research Report
7️⃣ 4. Shandong Shida Shenghua Chemical Group
Headquarters: Shandong, China
Key Offering: Cost-Competitive Bulk EC
As China’s largest EC producer, Shida Shenghua operates the world’s single-largest EC facility (150,000 MT/year) and supplies 40% of China’s domestic demand.
Innovation Milestones:
- Automated production achieving 99.8% operational efficiency
- Implemented AI-driven quality control systems
6️⃣ 5. Oriental Union Chemical Corporation (OUCC)
Headquarters: Taipei, Taiwan
Key Offering: Technical-Grade EC
OUCC leads Taiwan’s EC market with strategic exports to Southeast Asia, specializing in industrial solvent applications and chemical intermediates.
Innovation Milestones:
- Energy optimization reduced production costs by 22%
- Byproduct utilization initiative cut waste by 65%
5️⃣ 6. TOAGOSEI CO., LTD.
Headquarters: Tokyo, Japan
Key Offering: Battery Electrolyte EC Formulations
TOAGOSEI supplies premium EC to major Asian battery manufacturers, with formulations enabling extreme temperature performance (-40°C to 60°C).
Innovation Milestones:
- Developed high-stability EC blends for fast-charging batteries
- Patented moisture-control EC packaging system
4️⃣ 7. Hengyang New Energy Materials
Headquarters: Hunan, China
Key Offering: Ultra-Pure Battery EC (≤5ppm metals)
Specializing in battery materials, Hengyang supplies China’s booming EV sector with EC meeting CATL and BYD specifications.
Innovation Milestones:
- Trace metal reduction technology (≤1ppm for premium grades)
- Moisture-controlled packaging maintains <50ppm H₂O
3️⃣ 8. New Japan Chemical Co., Ltd.
Headquarters: Osaka, Japan
Key Offering: Pharmaceutical-Grade EC
This specialty chemical leader provides high-purity EC for drug formulations and chiral synthesis, with 99.999% purity options.
Innovation Milestones:
- Developed halogen-free production process (2023)
- GMP-certified EC production for regulated markets
2️⃣ 9. Lixing Chemical Co., Ltd.
Headquarters: Shandong, China
Key Offering: Standard & Custom EC Blends
Lixing Chemical serves China’s automotive and electronics sectors with custom EC formulations meeting international quality standards.
Innovation Milestones:
- Rapid scale-up capability (≤3 months for new capacity)
- Tailored EC blends for specialty polymer applications
1️⃣ 10. Zhongke Hongye Chemical
Headquarters: Fujian, China
Key Offering: EC for DMC Production
Specializing in precursor chemicals, Zhongke Hongye supplies the dimethyl carbonate (DMC) industry with optimized EC feedstock.
Innovation Milestones:
- Integrated EC-DMC production reduces logistics costs
- Byproduct recovery achieves 98% material utilization
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Industrial Grade Ethylene Carbonate (EC) Market – View in Detailed Research Report
🌍 Market Outlook: Sustainability Defines EC’s Future
The industrial grade ethylene carbonate sector is evolving toward circular production models and ultra-pure formulations, driven by electrification and green chemistry demands.
📈 Critical Market Trends:
- EV battery expansions requiring 99.9%+ purity EC
- Bio-based production methods gaining traction
- Asia accounting for 68% of global capacity by 2026
- New regulations on chemical manufacturing emissions
Get Full Report Here:
Industrial Grade Ethylene Carbonate (EC) Market – View in Detailed Research Report
These market leaders are not merely chemical suppliers—they’re enabling the energy transition through advanced material solutions.
