The Global Electrolytic Solution for Lithium Iron Battery Market was valued at USD 5.82 Billion in 2024 and is projected to reach USD 12.41 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period (2024–2030). This robust growth is primarily driven by the global surge in electric vehicle (EV) adoption, expanding grid-scale energy storage deployments, and continuous technological advancements in battery chemistry for enhanced safety and performance.

As the backbone of Lithium Iron Phosphate (LFP) batteries, the electrolytic solution is critical for enabling the high safety, long cycle life, and cost-effectiveness that are driving LFP’s dominance in sectors from passenger vehicles to stationary storage. In this blog, we profile the Top 10 Companies in the Electrolytic Solution for Lithium Iron Battery Industry—a diverse group of chemical giants, specialized manufacturers, and innovators shaping the future of energy storage.

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Electrolytic Solution for Lithium Iron Battery Market – View in Detailed Research Report

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🔟 1. Zhangjiagang Guotai-Huarong Chemical New Material Co., Ltd.

Headquarters: Suzhou, Jiangsu, China
Key Offering: LFP Battery Electrolytes, High-Voltage Electrolytes, Functional Additives

As a subsidiary of Jiangsu Guotai International Group, Zhangjiagang Guotai-Huarong is one of the world’s largest electrolyte producers. The company supplies a comprehensive portfolio of electrolytes tailored for LFP batteries, focusing on improving conductivity, thermal stability, and high-temperature performance.

Innovation and Production Capacity:

• Annual production capacity exceeding 100,000 tons of lithium battery electrolyte

• Strong R&D focus on high-safety additives for LFP systems

• Major supplier to leading Chinese and international battery manufacturers

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9️⃣ 2. Guangzhou Tinci Materials Technology Co., Ltd. (Tinci)

Headquarters: Guangzhou, Guangdong, China
Key Offering: Electrolytes for LFP/LMO/NMC, Lithium Salts, Additives

Tinci Materials is a globally recognized leader in lithium battery electrolyte solutions. The company has established a significant footprint in the LFP electrolyte market, supported by its integrated production capabilities from lithium salts to finished electrolyte formulations.

Innovation and Production Capacity:

• Strategically located production bases in China and international expansion plans

• Pioneering work on ultra-high purity lithium hexafluorophosphate (LiPF6)

• Long-term contracts with top-tier battery makers like CATL and BYD

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8️⃣ 3. Shenzhen Capchem Technology Co., Ltd.

Headquarters: Shenzhen, Guangdong, China
Key Offering: LFP Electrolytes, Supercapacitor Electrolytes, Specialty Chemicals

Capchem is a leading specialty chemical company with a dominant position in the Chinese electrolyte market. The company offers advanced electrolyte formulations specifically optimized for the high safety and longevity requirements of LFP battery applications.

Innovation and Production Capacity:

• Substantial electrolyte production capacity with global supply chain reach

• Significant investments in new production facilities in Europe and North America

• Strong IP portfolio in functional additives and novel solvent systems

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Electrolytic Solution for Lithium Iron Battery Market – View in Detailed Research Report

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7️⃣ 4. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Performance Electrolytes, Fluorinated Solvents, Additive Packages

Mitsubishi Chemical brings decades of chemical expertise to the electrolyte market, offering high-performance solutions for LFP batteries. The company’s focus on fluorinated compounds and advanced additive technologies provides enhanced safety and cycle life for demanding applications.

Innovation and Production Capacity:

• Global production network with facilities in Japan, the US, and Europe

• Leading innovator in high-voltage and high-safety electrolyte systems

• Strategic partnerships with automotive OEMs and battery cell producers

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6️⃣ 5. UBE Corporation

Headquarters: Tokyo, Japan
Key Offering: Electrolyte Solutions, Lithium Salts, Engineering Plastics for Batteries

UBE Corporation is a major chemical manufacturer with a strong presence in the lithium battery electrolyte sector. The company produces high-quality electrolytes for LFP batteries, leveraging its expertise in organic synthesis and chemical engineering.

Innovation and Production Capacity:

• Vertically integrated production from raw materials to finished electrolytes

• Proprietary technologies for improving low-temperature performance

• Expanding production capacity to meet growing global demand

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5️⃣ 6. Shanshan Technology Co., Ltd. (Shanshan Tech)

Headquarters: Ningbo, Zhejiang, China
Key Offering: LFP Electrolytes, Anode Materials, Battery Materials

Shanshan Tech is a comprehensive battery materials supplier with significant market share in electrolytes for LFP batteries. The company’s integrated approach allows for synergistic development of electrolytes with other battery components.

Innovation and Production Capacity:

• One of China’s earliest and largest electrolyte manufacturers

• Continuous innovation in high-safety and long-life electrolyte formulations

• Strategic focus on cost-effective solutions for mass-market EV applications

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4️⃣ 7. BASF e-mobility

Headquarters: Ludwigshafen, Germany
Key Offering: Advanced Electrolyte Formulations, Cathode Materials, Additives

BASF’s e-mobility division is a key global player in battery materials, including specialized electrolytes for LFP batteries. The company leverages its vast chemical expertise to develop innovative electrolyte systems that enhance battery performance and safety.

Innovation and Production Capacity:

• Global R&D network focused on next-generation battery chemistries

• Production facilities in Europe, Asia, and North America

• Strong focus on sustainability and circular economy principles

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Electrolytic Solution for Lithium Iron Battery Market – View in Detailed Research Report

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3️⃣ 8. NOHMs Technologies

Headquarters: Rochester, New York, USA
Key Offering: Ionic Liquid Electrolytes, Non-flammable Electrolytes

NOHMs Technologies specializes in developing innovative, non-flammable electrolytes based on ionic liquid chemistry. Their solutions address critical safety concerns in LFP batteries, particularly for electric vehicles and grid storage applications.

Innovation and Production Capacity:

• Pioneering work on inherently safe electrolyte systems

• Strategic partnerships with US national laboratories and automotive companies

• Focus on electrolytes with wider operating temperature ranges

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2️⃣ 9. Soulbrain Co., Ltd.

Headquarters: Seongnam-si, Gyeonggi-do, South Korea
Key Offering: High-Purity Electrolytes, Etchants, Semiconductor Chemicals

Soulbrain is a leading Korean chemical company with a strong presence in the battery electrolyte market. The company supplies high-purity electrolytes for LFP batteries, benefiting from its expertise in ultra-pure chemical manufacturing.

Innovation and Production Capacity:

• State-of-the-art production facilities with stringent quality control

• Strong relationships with major Korean battery manufacturers

• Expanding global footprint to serve international markets

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1️⃣ 10. Targray

Headquarters: Kirkland, Quebec, Canada
Key Offering: Electrolyte Solutions, Battery Raw Materials, Supply Chain Services

Targray operates as a global leader in the supply of battery materials, including electrolytes for LFP batteries. The company distinguishes itself through its extensive international logistics network and supply chain expertise.

Innovation and Production Capacity:

• Global sourcing and distribution network across North America, Europe, and Asia

• Strategic partnerships with electrolyte manufacturers worldwide

• Focus on providing integrated material solutions for battery producers

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Electrolytic Solution for Lithium Iron Battery Market – View in Detailed Research Report

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🔋 Outlook: The Future of Electrolytic Solutions for LFP Batteries Is Safer and Smarter

The electrolytic solution market for LFP batteries is undergoing rapid transformation. While conventional carbonate-based electrolytes still dominate, the industry is aggressively developing next-generation formulations that offer enhanced safety, wider temperature operation, and improved longevity.

📈 Key Trends Shaping the Market:

• Development of non-flammable and solid-state electrolytes for ultimate safety

• Integration of functional additives to improve cycle life and rate capability

• Customized electrolyte formulations for specific LFP battery applications

• Growing emphasis on sustainable and environmentally friendly electrolyte components

Get Full Report Here:
Electrolytic Solution for Lithium Iron Battery Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials for today’s energy storage systems—they’re developing the advanced electrolyte technologies that will power the clean energy transition for decades to come.