The Global Lithium-ion Battery Conductive Agent Market was valued at USD 1,456 Million in 2022 and is projected to reach USD 3,245 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period (2022–2029). This growth is being driven by the surging demand for electric vehicles, expansion of renewable energy storage systems, and the push for higher-efficiency batteries in consumer electronics and industrial applications.

As the energy storage sector evolves toward more efficient, sustainable, and high-performance solutions, the spotlight is on the key suppliers of conductive agents who are driving innovation, conductivity, and greener battery technologies. In this blog, we profile the Top 10 Companies in the Lithium-ion Battery Conductive Agent Industry—a mix of nanomaterial specialists, carbon innovators, and advanced composites pioneers shaping the future of lithium-ion batteries.

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🔟 1. Hanwha Corporation

Headquarters: Seoul, South Korea
Key Offering: Carbon Nanotubes (CNTs), Conductive Graphites, and Nanomaterial Additives

Hanwha stands as a prominent player in the advanced materials space, supplying high-quality conductive agents for lithium-ion batteries used in electric vehicles and energy storage. Their products focus on optimizing electrode performance, reducing internal resistance, and supporting high-rate charging applications. Because of a strong emphasis on R&D, Hanwha collaborates with major battery manufacturers to integrate their materials into next-generation cells.

With the growing demand for reliable energy solutions, Hanwha has expanded its production capabilities in Asia, ensuring supply chain stability. Furthermore, their conductive agents are designed to work seamlessly with silicon anodes, addressing key challenges in battery density and safety.

Innovation Initiatives:

• Development of low-resistance CNT dispersions for enhanced battery efficiency
• Partnerships with EV makers for customized conductive solutions
• Commitment to sustainable sourcing of raw materials by 2030

Download FREE Sample Report: Lithium-ion Battery Conductive Agent Market – View in Detailed Research Report

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9️⃣ 2. OCSiAl

Headquarters: Luxembourg City, Luxembourg
Key Offering: Tuball Single-Wall Carbon Nanotubes, Graphene Conductives

OCSiAl is renowned for its pioneering work in single-wall carbon nanotubes (SWCNTs), which serve as superior conductive agents in lithium-ion batteries. Operating globally, the company provides materials that drastically improve battery conductivity without compromising on capacity. Their Tuball brand is widely adopted in power tools, EVs, and portable devices, where fast discharge rates are essential.

However, what sets OCSiAl apart is its vertically integrated production process, which minimizes impurities and ensures consistent quality. This approach has helped them capture a significant market share in high-performance applications, even as competition intensifies from traditional carbon blacks.

Innovation Initiatives:

• Scaling SWCNT output to meet surging EV demands
• Collaborations with battery recyclers for eco-friendly material cycles
• Targets for carbon-neutral manufacturing by 2040

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8️⃣ 3. Novarials Corporation

Headquarters: Sunnyvale, California, USA
Key Offering: Vapor-Grown Carbon Fibers (VGCF), CNT Composites

Novarials specializes in advanced carbon nanomaterials tailored for lithium-ion battery electrodes, enhancing electrical conductivity and mechanical stability. Based in the heart of Silicon Valley, they supply to leading U.S. battery firms, focusing on applications in digital and power batteries. Their VGCF products help mitigate issues like electrode cracking during cycling, prolonging battery life.

The company’s innovative dispersion techniques ensure uniform integration of conductive agents, which is crucial for high-volume production. As EV adoption accelerates, Novarials is positioning itself to support the U.S. push for domestic battery manufacturing under recent policy incentives.

Innovation Initiatives:

• High-conductivity additives for solid-state battery prototypes
• Supply chain partnerships for North American localization
• Research into biodegradable conductive materials

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7️⃣ 4. Thomas Swan & Co. Ltd.

Headquarters: Consett, County Durham, United Kingdom
Key Offering: Graphene Nanoplatelets, Advanced Carbon Additives

Thomas Swan is a UK-based innovator in graphene technologies, providing conductive agents that boost lithium-ion battery performance through superior electron pathways. Their materials are used in both consumer electronics and emerging energy storage systems, where thin, lightweight designs are prioritized. The company emphasizes scalability, making their graphene accessible for mass-market batteries.

Furthermore, Thomas Swan’s commitment to quality control allows for precise doping levels, optimizing battery energy density. In a market facing raw material volatility, their stable supply has made them a trusted partner for European battery developers.

Innovation Initiatives:

• Graphene-enhanced cathodes for faster charging
• EU-funded projects for sustainable nanomaterial production
• Goal to reduce production emissions by 50% by 2027

Download FREE Sample Report: Lithium-ion Battery Conductive Agent Market – View in Detailed Research Report

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6️⃣ 5. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Carbon Fibers, Conductive Carbons for Electrodes

Toray, a global leader in advanced composites, delivers conductive agents like vapor-grown carbon fibers for lithium-ion batteries, improving overall electrochemical efficiency. Their products support applications in hybrid vehicles and grid-scale storage, where durability under extreme conditions is vital. Toray’s extensive patent portfolio underscores their role in battery innovation.

Because Japan remains a hub for battery R&D, Toray leverages local expertise to refine their materials for next-gen formats like lithium-sulfur cells. This positions them well against rising Asian competition, ensuring long-term market relevance.

Innovation Initiatives:

• Hybrid conductive systems combining fibers and blacks
• Collaborations with Japanese automakers for EV batteries
• Sustainable fiber recycling programs

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5️⃣ 6. LION Corporation

Headquarters: Tokyo, Japan
Key Offering: Conductive Carbon Blacks, Graphite Powders

LION Corporation provides reliable conductive carbon blacks and graphites essential for the anode and cathode layers in lithium-ion batteries. With a focus on cost-effective solutions, they serve the digital battery segment, powering smartphones and laptops worldwide. Their materials ensure low impedance, contributing to safer and more efficient devices.

However, LION is evolving by incorporating nano-engineered variants to meet the demands of power batteries in EVs. This transition highlights their adaptability in a rapidly changing industry landscape.

Innovation Initiatives:

• Optimized blacks for high-power density cells
• Joint ventures for Asian market expansion
• Efforts to lower environmental impact of carbon production

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4️⃣ 7. TIMCAL (Imerys Graphite & Carbon)

Headquarters: Bodio, Switzerland
Key Offering: Timrex Graphites, Super-P Conductive Blacks

TIMCAL, part of Imerys, is a veteran in synthetic graphites and conductive blacks for lithium-ion batteries, offering products that enhance cycle life and rate capability. They supply to major global players, emphasizing consistency in high-volume manufacturing. Their Super-P line is a staple in premium battery formulations.

The company’s European base allows close alignment with stringent regulatory standards, while their global footprint supports diverse applications from wearables to industrial storage. As battery chemistries advance, TIMCAL’s expertise in tailoring conductivity remains indispensable.

Innovation Initiatives:

• Graphite-CNT hybrids for superior conductivity
• Supply to European gigafactories
• Carbon footprint reduction targets aligned with EU Green Deal

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3️⃣ 8. Shenzhen Dynanonic Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: CNTs, Nano-Graphene for Battery Electrodes

Shenzhen Dynanonic excels in nanomaterial production, supplying CNTs and graphene-based conductive agents that elevate lithium-ion battery performance in power and digital segments. As China’s battery ecosystem booms, Dynanonic benefits from proximity to massive production scales, delivering materials for millions of EV cells annually.

Moreover, their R&D focuses on cost-optimized synthesis methods, making advanced conductives viable for mid-range applications. This strategy has solidified their position in the world’s largest battery market.

Innovation Initiatives:

• Mass production of low-cost CNTs
• Integrations with Chinese battery giants
• Sustainable nano-production practices

Download FREE Sample Report: Lithium-ion Battery Conductive Agent Market – View in Detailed Research Report

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2️⃣ 9. Jiangsu Cnano Technology Co., Ltd.

Headquarters: Jiangsu Province, China
Key Offering: Multi-Wall CNTs, Conductive Pastes

Jiangsu Cnano Technology is a key supplier of multi-wall carbon nanotubes for lithium-ion battery conductive layers, improving electron transport in high-capacity anodes. They cater to the power battery market, supporting the EV revolution in Asia. Their conductive pastes simplify electrode fabrication, reducing manufacturing costs.

With China’s dominance in battery output, Cnano’s scale enables competitive pricing while maintaining quality. They are also exploring applications in next-gen sodium-ion batteries, diversifying their portfolio.

Innovation Initiatives:

• CNT dispersions for easy integration
• Export growth to European and U.S. markets
• Green chemistry approaches in nanotube synthesis

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1️⃣ 10. Shenzhen Sumnano Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Graphene, Carbon Nanotube Blends

Shenzhen Sumnano leads with graphene and CNT blends as versatile conductive agents, optimizing lithium-ion batteries for both digital and power uses. Their materials enhance thermal management and safety, crucial for densely packed EV packs. Sumnano’s innovation in functionalized nanocarbons sets new benchmarks for battery efficiency.

Because of strategic investments, they have ramped up capacity to meet global demand. Furthermore, partnerships with international firms bridge Asian production strengths with worldwide applications.

Innovation Initiatives:

• Advanced graphene for ultra-fast charging
• Global supply chain collaborations
• Commitment to recyclable battery materials

Read Full Report: Lithium-ion Battery Conductive Agent Market – View in Detailed Research Report

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🌍 Outlook: The Future of Lithium-ion Battery Conductive Agents Is Advanced and Sustainable

The lithium-ion battery conductive agent market is experiencing transformative growth. While carbon blacks remain dominant, the shift toward nanomaterials like CNTs and graphene is accelerating, backed by investments in EV infrastructure and renewable integration.

📈 Key Trends Shaping the Market:

• Rapid adoption of CNTs and graphene in EV batteries across Asia-Pacific
• Regulatory mandates for sustainable battery materials by 2030
• Digital tools for optimizing conductive agent formulations
• Strategic alliances between material suppliers and battery OEMs

Read Full Report: Lithium-ion Battery Conductive Agent Market – View in Detailed Research Report

The companies listed above are not only powering advanced batteries—they’re leading the sustainable energy transition toward a greener future.