The Global Lithium Battery Ethylene Carbonate Market was valued at USD 428 million in 2023 and is projected to reach USD 813.73 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.40% during the forecast period (2023–2032). This growth is being driven by increasing demand for electric vehicles, expansion of energy storage solutions, and technological advancements in lithium battery electrolytes.
As the battery industry accelerates toward high-performance and sustainable energy solutions, ethylene carbonate emerges as a critical component for next-generation lithium batteries. In this analysis, we examine the Top 10 Companies in the Lithium Battery Ethylene Carbonate Market—a mix of chemical giants, specialized producers, and technology innovators shaping the future of battery materials.
🔟 1. BASF SE
Headquarters: Ludwigshafen, Germany
Key Offering: High-purity ethylene carbonate for lithium battery electrolytes
BASF is a global leader in battery materials, supplying high-quality ethylene carbonate for lithium-ion batteries across automotive and industrial applications. The company invests heavily in R&D for next-generation electrolyte formulations.
Innovation Focus:
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Development of ultra-pure EC grades for high-voltage batteries
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Strategic partnerships with major battery manufacturers
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Expansion of production capacity in Asia and Europe
Download FREE Sample Report: Lithium Batter Ethylene Carbonate Market – View in Detailed Research Report
9️⃣ 2. Oriental Union Chemical Corporation
Headquarters: Taipei, Taiwan
Key Offering: EC solvents for lithium battery electrolytes
OUCC is a major Asian producer of ethylene carbonate, serving battery manufacturers across China, Japan, and South Korea. The company maintains stringent quality control for battery-grade materials.
Innovation Focus:
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Vertical integration with upstream production facilities
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Custom formulations for NMC and LFP battery chemistries
8️⃣ 3. Mitsubishi Chemical Corporation
Headquarters: Tokyo, Japan
Key Offering: High-performance battery electrolytes
Mitsubishi Chemical combines ethylene carbonate production with advanced electrolyte solutions for the automotive battery sector, particularly in Japan’s mature EV market.
Innovation Focus:
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Development of additive packages for EC-based electrolytes
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Focus on thermal stability and cycle life enhancement
7️⃣ 4. TOAGOSEI CO., LTD.
Headquarters: Tokyo, Japan
Key Offering: Specialty ethylene carbonate grades
TOAGOSEI specializes in high-purity ethylene carbonate for premium battery applications, with technology partnerships across Asia’s battery supply chain.
Innovation Focus:
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Patent-protected production processes
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Custom particle size distributions for optimal electrolyte performance
Download FREE Sample Report: Lithium Batter Ethylene Carbonate Market – View in Detailed Research Report
6️⃣ 5. Huntsman Corporation
Headquarters: The Woodlands, Texas, USA
Key Offering: Battery-grade ethylene carbonate
Huntsman supplies North American and European battery markets with high-purity ethylene carbonate, with growing capacity to meet EV industry demands.
Innovation Focus:
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Sustainable production processes
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Quality consistency initiatives for automotive-grade materials
5️⃣ 6. Asahi Kasei Corporation
Headquarters: Tokyo, Japan
Key Offering: Advanced electrolyte components
Asahi Kasei integrates ethylene carbonate production with separator technology, offering complete electrolyte solutions for battery manufacturers.
Innovation Focus:
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Synergies between EC production and separator technologies
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Development of fast-charging compatible formulations
4️⃣ 7. Lixing Chemical
Headquarters: Shandong, China
Key Offering: Cost-competitive EC for mass-market batteries
As China’s leading ethylene carbonate producer, Lixing Chemical supplies domestic battery manufacturers with high-volume, quality materials.
Innovation Focus:
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Scale advantages in production
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Optimization for LFP battery chemistries
3️⃣ 8. Zhongke Hongye
Headquarters: Liaoning, China
Key Offering: Battery electrolyte solutions
Zhongke Hongye specializes in ethylene carbonate and complete electrolyte formulations for China’s booming EV battery market.
Innovation Focus:
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Localized supply chain advantages
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Custom formulations for Chinese battery makers
2️⃣ 9. Haike Chemical
Headquarters: Shandong, China
Key Offering: Ethylene carbonate and derivatives
Haike Chemical is a fast-growing Chinese producer supplying domestic and international battery manufacturers with quality ethylene carbonate.
Innovation Focus:
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Rapid capacity expansion
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Cost optimization strategies
1️⃣ 10. Merck KGaA
Headquarters: Darmstadt, Germany
Key Offering: Ultra-high purity EC for research and premium applications
Merck provides high-purity ethylene carbonate for specialized battery applications and research institutions developing next-generation battery technologies.
Innovation Focus:
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Materials for solid-state battery research
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Analytical-grade EC for laboratory use
Download FREE Sample Report: Lithium Batter Ethylene Carbonate Market – View in Detailed Research Report
🔋 Outlook: The Future of Lithium Battery Ethylene Carbonate
The lithium battery ethylene carbonate market is undergoing significant transformation driven by technological advancements and growing EV adoption. Key developments include:
📈 Market Trends to Watch:
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Increasing purity requirements for next-generation batteries
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Growing demand from energy storage applications
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Regional supply chain developments in North America and Europe
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Innovations in electrolyte formulations for extreme fast charging
Read Full Report: Lithium Batter Ethylene Carbonate Market – View in Detailed Research Report
The companies profiled above are not just supplying materials—they’re enabling the energy transition through advanced battery technologies.
