The Global Lithium-ion Batteries Ethylene Carbonate Solvent Market was valued at USD 157.32 million in 2023 and is projected to reach USD 253.83 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.30% during the forecast period (2024–2029). This robust growth is primarily driven by the global surge in electric vehicle (EV) production, the expansion of grid-scale energy storage systems, and the relentless demand for high-performance, high-energy-density batteries.

At the heart of this expansion lies Ethylene Carbonate (EC), a critical high-purity solvent that forms the backbone of lithium-ion battery electrolytes, enabling superior ionic conductivity and thermal stability. As the energy storage sector pivots towards greater efficiency and sustainability, the focus shifts to the key chemical suppliers enabling this transition. In this blog, we profile the Top 10 Companies in the Lithium-ion Batteries Ethylene Carbonate Solvent Industry—a blend of global chemical giants and specialized producers shaping the future of battery technology.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity Ethylene Carbonate, Custom Electrolyte Formulations

BASF is a leading global supplier of battery materials, offering high-purity Ethylene Carbonate as a key component for advanced lithium-ion electrolytes. Its comprehensive portfolio supports the entire battery value chain, from raw materials to finished electrolyte solutions, with a strong emphasis on innovation for next-generation batteries.

Innovation and Sustainability Initiatives:

• Investment in circular economy models for battery materials

• Development of tailored electrolyte systems for enhanced battery life and safety

• Commitment to carbon-neutral growth targets by 2030

Download FREE Sample Report: Global Lithium-ion Batteries Ethylene Carbonate Solvent Market – View in Detailed Research Report

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9️⃣ 2. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: High-Purity EC Solvent, Battery Grade Carbonates

Mitsubishi Chemical is a major producer of high-purity electronic chemicals, including ethylene carbonate essential for lithium-ion battery electrolytes. The company leverages its strong position in the Asian market and its advanced chemical synthesis capabilities to serve leading battery manufacturers worldwide.

Innovation and Sustainability Initiatives:

• Focus on ultra-high purity grades for next-generation solid-state batteries

• Strategic partnerships with automotive OEMs and battery gigafactories

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8️⃣ 3. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Ethylene Carbonate, Propylene Carbonate, Specialty Amines

Huntsman Corporation produces a range of ethylene carbonate and other solvents used in lithium-ion battery electrolytes. Its global manufacturing footprint and technical expertise make it a reliable supplier for the rapidly growing North American and European battery markets.

Innovation and Sustainability Initiatives:

• Expansion of carbonate production capacity to meet EV demand

• Integration of sustainable practices into chemical production processes

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7️⃣ 4. Shandong Shida Shenghua Chemical Group Co., Ltd.

Headquarters: Shandong, China
Key Offering: General and High-Purity Grade Ethylene Carbonate

As one of China’s leading producers of carbonate esters, Shandong Shida Shenghua holds a significant market share in the Asia-Pacific region. The company benefits from proximity to the world’s largest battery manufacturing hub, supplying solvents for both domestic consumption and international exports.

Innovation and Sustainability Initiatives:

• Continuous process optimization for cost-effective production

• Capacity expansions aligned with regional battery gigafactory developments

Download FREE Sample Report: Global Lithium-ion Batteries Ethylene Carbonate Solvent Market – View in Detailed Research Report

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6️⃣ 5. TOAGOSEI CO., LTD.

Headquarters: Tokyo, Japan
Key Offering: High-Purity EC, DEC, EMC for LiB Electrolytes

TOAGOSEI is a specialized Japanese chemical company with a strong focus on high-purity solvents for the electronics industry. Its ethylene carbonate is known for exceptional quality, making it a preferred choice for high-performance battery applications requiring stringent impurity controls.

Innovation and Sustainability Initiatives:

• R&D focused on solvents for high-voltage and wide-temperature-range batteries

• Commitment to green chemistry principles in manufacturing

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5️⃣ 6. Lixing Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: Ethylene Carbonate, Diethyl Carbonate, Dimethyl Carbonate

Lixing Chemical is a prominent Chinese manufacturer of lithium battery electrolyte solvents, with a comprehensive product portfolio that includes high-quality ethylene carbonate. The company serves a broad customer base across the dynamic Asian battery market.

Innovation and Sustainability Initiatives:

• Vertical integration to ensure stable raw material supply

• Investment in quality control systems to meet international standards

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4️⃣ 7. New Japan Chemical Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Ultra-High Purity EC, Specialty Carbonates

New Japan Chemical specializes in fine chemicals and offers ultra-high-purity ethylene carbonate tailored for the most demanding battery applications. The company’s technical expertise positions it as a key supplier for advanced battery technologies, including those for aerospace and premium automotive sectors.

Innovation and Sustainability Initiatives:

• Development of novel carbonate blends for improved electrolyte performance

• Focus on supply chain resilience and product consistency

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3️⃣ 8. OUCC (Oriental Union Chemical Corporation)

Headquarters: Taipei, Taiwan
Key Offering: Battery-Grade Ethylene Carbonate, Mixed Carbonates

OUCC is a major producer of ethylene oxide and ethylene derivatives, including ethylene carbonate for battery applications. The company’s strategic location in Taiwan provides it with access to key markets in Greater China and Southeast Asia’s growing battery industry.

Innovation and Sustainability Initiatives:

• Expansion of high-purity solvent production lines

• Adoption of energy-efficient manufacturing technologies

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2️⃣ 9. Zhongke Hongye Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: Ethylene Carbonate, Propylene Carbonate

Zhongke Hongye is a specialized chemical producer focusing on carbonate solvents for the lithium-ion battery industry. The company has established itself as a reliable mid-sized supplier with a focus on product quality and customer service within the competitive Chinese market.

Innovation and Sustainability Initiatives:

• Investment in R&D for cost-competitive production processes

• Strategic focus on serving the domestic NEV (New Energy Vehicle) sector

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1️⃣ 10. Haike Chemical Group

Headquarters: Shandong, China
Key Offering: General and High-Purity EC, DMC, EMC

Haike Chemical Group is a significant player in China’s chemical industry, producing a wide array of solvents including ethylene carbonate. The company’s scale allows it to compete effectively on cost, serving the price-sensitive segments of the lithium-ion battery market.

Innovation and Sustainability Initiatives:

• Capacity scaling to meet rising domestic demand

• Efforts to reduce the environmental footprint of chemical synthesis

Get Full Report Here: Global Lithium-ion Batteries Ethylene Carbonate Solvent Market – View in Detailed Research Report

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🔋 Outlook: The Future of Battery Electrolyte Solvents Is High-Performance and Sustainable

The lithium-ion battery ethylene carbonate solvent market is undergoing a significant transformation. While conventional grades continue to serve mainstream applications, the industry is intensifying its focus on ultra-high-purity formulations, sustainable production methods, and supply chain resilience to support the next wave of energy storage innovation.

📈 Key Trends Shaping the Market:

• Accelerating demand for High-Purity Grade (>99.9%) EC for next-generation batteries

• Geographic diversification of production capacity beyond China to Europe and North America

• R&D into bio-based routes for ethylene carbonate production to enhance sustainability

• Increasing vertical integration by battery manufacturers to secure critical solvent supply

Get Full Report Here: Global Lithium-ion Batteries Ethylene Carbonate Solvent Market – View in Detailed Research Report

The companies profiled above are not only supplying a critical battery component—they are enabling the global transition to electrified transportation and renewable energy storage.