The Global Lithium Hexafluorophosphate (LiPF6) Market was valued at USD 1.82 Billion in 2023 and is projected to reach USD 4.75 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period (2024–2030). This substantial growth is primarily driven by the exponential global demand for lithium-ion batteries, the rapid expansion of the electric vehicle (EV) sector, and the proliferation of consumer electronics and grid energy storage systems.

As the world accelerates its transition to clean energy and electrified transportation, the spotlight is on the key chemical manufacturers who are scaling the production of essential battery materials. In this blog, we profile the Top 10 Companies in the Lithium Hexafluorophosphate (LiPF6) Market—a group of established chemical giants and specialized producers who are powering the future of energy storage.

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🔟 1. Morita Chemical Industries Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: High-Purity Battery Grade LiPF6

Morita Chemical is a global leader and one of the pioneers in the production of lithium hexafluorophosphate. The company has built a formidable reputation for supplying ultra-high-purity LiPF6 to major battery manufacturers worldwide, with a strong focus on the EV and energy storage markets.

Strategic Initiatives:

• Significant investment in expanding production capacity to meet soaring demand.
• Strong R&D focus on improving electrolyte formulations and battery performance.
• Long-term supply agreements with leading Asian and European battery cell producers.

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9️⃣ 2. Foosung Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: LiPF6 Electrolyte Salts

Foosung is a major South Korean chemical company with a significant share in the global LiPF6 market. Its advanced manufacturing facilities and strategic location within a key battery manufacturing hub allow it to serve a vast network of clients in the dynamic Asian market.

Strategic Initiatives:

• Continuous capacity expansion plans to solidify its market position.
• Vertical integration strategy to secure raw material supply chains.
• Focus on developing next-generation electrolyte additives.

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8️⃣ 3. Stella Chemifa Corporation

Headquarters: Osaka, Japan
Key Offering: High-Purity Fluorochemicals, including LiPF6

Stella Chemifa leverages its deep expertise in fluorine chemistry to produce high-quality LiPF6. The company is known for its stringent quality control and reliability, making it a preferred supplier for safety-conscious battery makers.

Strategic Initiatives:

• Investment in environmentally sustainable production processes.
• Development of specialized LiPF6 grades for high-voltage battery applications.
• Strategic partnerships to enhance global distribution networks.

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7️⃣ 4. Kanto Denka Kogyo Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Battery Grade LiPF6 and Fluorine Gas

Kanto Denka is a leading fluorine compound specialist with a strong presence in the LiPF6 market. The company’s integrated operations, from fluorine gas production to final LiPF6 synthesis, provide a stable and secure supply chain.

Strategic Initiatives:

• Expansion of LiPF6 production capacity to address supply shortages.
• R&D into alternative lithium salts for future battery technologies.
• Commitment to reducing the carbon footprint of its manufacturing processes.

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6️⃣ 5. Central Glass Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: LiPF6 for Lithium-Ion Batteries

Central Glass is a diversified chemical company with a significant electrolytes division. It supplies high-quality LiPF6 to a global customer base, supported by its advanced chemical synthesis capabilities and technical support services.

Strategic Initiatives:

• Focus on producing high-stability LiPF6 for longer battery lifecycle.
• Geographic expansion to cater to the growing North American and European EV markets.
• Exploration of solid-state battery electrolyte components.

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5️⃣ 6. Formosa Plastics Corporation

Headquarters: Kaohsiung, Taiwan
Key Offering: Industrial and Battery Grade LiPF6

Formosa Plastics, one of Taiwan’s largest industrial conglomerates, has entered the LiPF6 market to leverage its chemical manufacturing scale. The company aims to become a major player in the battery materials supply chain.

Strategic Initiatives:

• Leveraging existing chemical infrastructure for cost-effective LiPF6 production.
• Building partnerships with battery manufacturers in China and Southeast Asia.
• Investing in R&D to improve the purity and performance of its LiPF6 products.

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4️⃣ 7. Do-Fluoride New Materials Co., Ltd.

Headquarters: Jiaozuo, Henan, China
Key Offering: LiPF6, Lithium Fluoride (LiF)

Do-Fluoride is a leading Chinese producer of fluoride chemicals and has become a key supplier of LiPF6. Its strategic position in the world’s largest battery manufacturing region gives it a significant competitive advantage.

Strategic Initiatives:

• Aggressive capacity expansion to capture a larger market share.
• Backward integration into raw materials like hydrofluoric acid (HF) to control costs.
• Focus on supplying the booming domestic Chinese EV and battery industry.

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3️⃣ 8. Jiangsu Jiujiujiu Technology Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: High-Purity LiPF6 Electrolyte Salt

Jiangsu Jiujiujiu Technology is a prominent Chinese manufacturer specializing in lithium battery materials. The company has rapidly scaled its LiPF6 production to meet the intense demand from local and international markets.

Strategic Initiatives:

• Rapid scaling of production facilities to achieve economies of scale.
• Emphasis on product quality and consistency to compete globally.
• Development of comprehensive electrolyte solutions beyond just LiPF6 salt.

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2️⃣ 9. Tonze New Energy Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: LiPF6 and Electrolyte Solutions

Tonze New Energy is a specialized supplier of lithium-ion battery materials. The company focuses on providing integrated electrolyte solutions, with LiPF6 as a core offering, to battery cell manufacturers.

Strategic Initiatives:

• Strategic location near major battery production hubs for efficient logistics.
• Investment in R&D for customized electrolyte formulations.
• Building a robust supply chain to ensure raw material availability.

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1️⃣ 10. Tinci Materials Technology Co., Ltd.

Headquarters: Guangzhou, China
Key Offering: LiPF6, Electrolyte Additives

Tinci Materials is a leading global supplier of lithium-ion battery electrolyte materials. The company offers a full portfolio of products, including high-purity LiPF6, and serves a diverse clientele across the battery industry.

Strategic Initiatives:

• Continuous innovation in electrolyte chemistry to enhance battery safety and performance.
• Global expansion of production capacity, including plans for facilities outside of China.
• Long-term strategic collaborations with top-tier automotive and battery companies.

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🔋 Outlook: The Future of Lithium Hexafluorophosphate Is Integrated and Innovative

The lithium hexafluorophosphate market is at the heart of the global energy transition. While current LiPF6 technology dominates the lithium-ion battery landscape, the industry is actively investing in next-generation electrolytes, supply chain resilience, and sustainable production methods to power the future.

📈 Key Trends Shaping the Market:

• Massive capacity expansions, particularly in China, to alleviate supply constraints.
• Intense R&D into alternative lithium salts (e.g., LiFSI) for higher performance and safety.
• Vertical integration by manufacturers to secure lithium and fluorine raw materials.
• Growing emphasis on recycling LiPF6 and other battery components for a circular economy.

Get Full Report Here: Global Lithium Hexafluorophosphate (LiPF6) Cas 4 40 3 Market – View in Detailed Research Report

The companies listed above are not only supplying a critical battery component—they are enabling the electrification of our world.