The Global Ethylene Carbonate (EC) Market was valued at US$ 296.7 million in 2022 and is projected to reach US$ 506.2 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period (2023–2029). This robust growth trajectory is primarily fueled by the exponential demand for lithium-ion batteries, the expansion of the polycarbonate industry, and the rising adoption of EC as a key intermediate in various high-performance applications.

As the world pivots towards electrification and sustainable materials, Ethylene Carbonate has emerged as a critical component, particularly in high-purity Battery Grade formulations for electrolytes. In this blog, we profile the Top 10 Companies in the Ethylene Carbonate Industry—a dynamic mix of global chemical giants and specialized manufacturers shaping the supply chain for this essential chemical.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity Battery Grade EC, Industrial Grade EC

BASF is a global leader in the chemical industry and a major supplier of high-purity Ethylene Carbonate, primarily for the lithium-ion battery electrolyte market. Their products are critical for enhancing the performance and longevity of batteries used in electric vehicles and energy storage systems.

Innovation and Market Focus:

• Leading supplier of electrolyte solvents for the EV battery industry

• Strong R&D focus on next-generation battery chemistries

• Integrated production footprint across Europe and Asia

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9️⃣ 2. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Battery Grade EC, Industrial Grade EC

Mitsubishi Chemical is a key player in the Asian EC market, offering high-quality products that meet the stringent requirements of major battery manufacturers. The company leverages its extensive chemical expertise to serve diverse sectors, including electronics and engineering plastics.

Innovation and Market Focus:

• Strategic focus on the high-growth battery materials sector

• Strong presence in the Asia-Pacific region, the largest EC market

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8️⃣ 3. TOAGOSEI CO., LTD.

Headquarters: Tokyo, Japan
Key Offering: High-Purity EC for electrolytes and chemical synthesis

TOAGOSEI is a specialized chemical company with a significant stake in the Ethylene Carbonate market. It is renowned for its high-purity products that are essential for advanced applications, particularly in the electronics and energy storage industries.

Innovation and Market Focus:

• Expertise in epoxide chemistry, a key pathway for EC production

• Supplies major global lithium-ion battery producers

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7️⃣ 4. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Industrial and Battery Grade EC

Huntsman is a prominent global manufacturer of differentiated chemicals, including Ethylene Carbonate. The company supplies EC for use as a chemical intermediate, a polar solvent, and increasingly, for battery electrolytes, capitalizing on its robust production capabilities.

Innovation and Market Focus:

• Diverse application portfolio beyond batteries, including polyurethanes and agrochemicals

• Strategic investments to align with clean energy trends

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6️⃣ 5. OUCC (Oriental Union Chemical Corporation)

Headquarters: Taipei, Taiwan
Key Offering: EC for electrolytes, intermediates, and textile applications

OUCC is a major producer of ethylene oxide derivatives, including Ethylene Carbonate, with a strong footprint in East Asia. The company is a vital supplier to regional markets, providing essential materials for both traditional industrial uses and modern energy applications.

Innovation and Market Focus:

• Integrated production from ethylene oxide

• Key supplier to Taiwan’s and China’s burgeoning electronics sector

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5️⃣ 6. Shandong Shida Shenghua Chemical Group Co., Ltd.

Headquarters: Shandong, China
Key Offering: Battery Grade EC, Industrial Grade EC

As one of China’s leading chemical producers, Shandong Shida Shenghua holds a significant share of the global EC market. The company benefits from China’s dominance in battery manufacturing and has scaled its production to meet both domestic and international demand.

Innovation and Market Focus:

• Major contributor to China’s ~50% share of global EC production

• Focus on cost-competitive mass production for the battery industry

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4️⃣ 7. Lixing Chemical Co., Ltd.

Headquarters: Taixing, China
Key Offering: Ethylene Carbonate, Propylene Carbonate

Lixing Chemical is a specialized manufacturer of carbonate esters, with Ethylene Carbonate being a core product. The company plays a crucial role in the Chinese chemical supply chain, catering to a wide array of downstream industries.

Innovation and Market Focus:

• Specialization in carbonate chemicals

• Strong distribution network within China’s industrial zones

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3️⃣ 8. Zhongke Hongye Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: High-purity EC for battery electrolytes

Zhongke Hongye is another key Chinese player focused on producing high-purity Ethylene Carbonate to serve the demanding specifications of the lithium-ion battery market. The company is part of the dense ecosystem supporting Asia’s clean technology sector.

Innovation and Market Focus:

• Emphasis on product purity for advanced electrochemical applications

• Strategic location in a major Chinese chemical production hub

Download FREE Sample Report:
Ethylene Carbonate (EC) Market – View in Detailed Research Report

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2️⃣ 9. Haike Chemical Group

Headquarters: Shandong, China
Key Offering: Industrial and Battery Grade EC

Haike Chemical Group is a significant manufacturer within China’s vast chemical industry, producing Ethylene Carbonate for various downstream sectors. The company’s scale allows it to be a competitive supplier in both domestic and export markets.

Innovation and Market Focus:

• Vertically integrated operations

• Adapting production to meet growing demand for battery-grade materials

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1️⃣ 10. Hengyang New Energy Co., Ltd.

Headquarters: Hengyang, Hunan, China
Key Offering: Specialty Battery Grade EC

Hengyang New Energy, as the name suggests, is focused on materials for the new energy sector. The company specializes in producing high-quality Ethylene Carbonate tailored for lithium-ion battery electrolytes, positioning itself as a niche, application-focused supplier.

Innovation and Market Focus:

• Dedicated focus on the energy storage value chain

• Investment in quality control for high-performance applications

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Ethylene Carbonate (EC) Market – View in Detailed Research Report

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🔬 Outlook: The Future of Ethylene Carbonate is Intertwined with Electrification

The Ethylene Carbonate market is experiencing a fundamental transformation. While traditional industrial applications remain important, the explosive growth of the Battery Grade segment is reshaping industry priorities and investment strategies.

📈 Key Trends Shaping the Market:

• Accelerated demand from the Electric Vehicle (EV) industry, driving Battery Electrolyte consumption

• Stringent purity requirements for next-generation battery technologies (e.g., solid-state batteries)

• Geographic shift in production capacity, with China consolidating its position as the dominant producer

• Growing R&D into bio-based or green synthesis routes for EC to improve sustainability

Get Full Report Here:
Ethylene Carbonate (EC) Market – View in Detailed Research Report

The companies listed above are not just supplying a chemical; they are providing a critical enabler for cleaner transportation and advanced materials that define the modern economy.