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, exhibiting a Compound Annual Growth Rate (CAGR) of 8.30% during the forecast period. This robust growth trajectory is primarily fueled by the exponential demand for lithium-ion batteries from the electric vehicle (EV) sector, expanding consumer electronics markets, and the global push for grid-scale energy storage solutions.

As the world accelerates its transition to clean energy and electric mobility, the critical role of high-performance battery electrolytes comes into sharp focus. At the heart of these electrolytes lies Ethylene Carbonate (EC), a vital solvent renowned for forming a stable Solid Electrolyte Interphase (SEI) on graphite anodes, which is essential for battery longevity and safety. In this blog, we profile the Top 10 Companies in the Lithium-ion Batteries Ethylene Carbonate Solvent Industry—a dynamic group of chemical giants and specialized producers that are essential to the global battery supply chain.

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Global Lithium-ion Batteries Ethylene Carbonate Solvent Market – View in Detailed Research Report

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🔟 1. BASF SE

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

BASF is a global leader in the chemical industry and a major supplier of high-purity materials for battery electrolytes. The company produces ultra-pure Ethylene Carbonate that meets the stringent requirements of leading battery manufacturers. Its integrated approach encompasses the entire battery materials value chain, from precursors to finished electrolyte solutions.

Innovation and Sustainability Initiatives:

• Investment in next-generation electrolyte additives and solvent purification technologies

• Commitment to carbon-neutral growth and sustainable production processes

• Strategic partnerships with automotive OEMs and battery cell producers

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9️⃣ 2. Mitsubishi Chemical Corporation

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

Mitsubishi Chemical is a key player in the high-performance chemicals sector, supplying battery-grade Ethylene Carbonate to the global market. The company leverages its advanced chemical synthesis and purification capabilities to deliver solvents with exceptionally low moisture and impurity levels, which are critical for maximizing battery cycle life and safety.

Innovation and Sustainability Initiatives:

• Development of co-solvent systems to enhance low-temperature performance of Li-ion batteries

• Focus on circular economy principles and reducing the environmental footprint of chemical production

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8️⃣ 3. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: JEFFSOL™ Ethylene Carbonate, Specialty Solvents

Huntsman Corporation is a prominent global manufacturer of differentiated chemicals, including its JEFFSOL™ brand of high-purity Ethylene Carbonate. The company serves a diverse range of industries, with a growing focus on supplying the energy storage market with reliable, battery-grade solvents.

Innovation and Sustainability Initiatives:

• Expansion of production capacity to meet rising demand from the EV sector

• Investment in research for novel solvent blends that improve battery energy density

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

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

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

Shandong Shida Shenghua is one of China’s leading producers of ethylene carbonate and other battery chemicals. The company has a significant market share in Asia and is known for its competitive pricing and large-scale production capabilities, supplying both domestic and international battery manufacturers.

Innovation and Sustainability Initiatives:

• Continuous process optimization to enhance product purity and yield

• Vertical integration with upstream raw materials to ensure supply chain stability

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6️⃣ 5. Lixing Chemical Co., Ltd.

Headquarters: Taixing, Jiangsu, China
Key Offering: Battery-Grade EC, Propylene Carbonate (PC)

Lixing Chemical is a specialized manufacturer of carbonate esters, with a strong focus on the lithium-ion battery industry. The company produces high-quality Ethylene Carbonate that is widely used in electrolyte formulations for power batteries, energy storage systems, and digital products.

Innovation and Sustainability Initiatives:

• Implementation of stringent quality control systems aligned with international standards

• Active participation in industry forums to stay abreast of evolving battery technology needs

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5️⃣ 6. New Japan Chemical Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Ultra-High Purity Ethylene Carbonate

New Japan Chemical is a respected Japanese chemical company with expertise in fine chemicals and specialty monomers. Its production of ultra-high purity Ethylene Carbonate caters to the demanding specifications of top-tier Japanese and South Korean battery makers, who are leaders in high-performance cell technology.

Innovation and Sustainability Initiatives:

• Focus on R&D for next-generation solvents supporting solid-state batteries

• Commitment to sustainable manufacturing practices and green chemistry

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4️⃣ 7. TOAGOSEI CO., LTD.

Headquarters: Tokyo, Japan
Key Offering: High-Purity EC, Specialty Chemical Intermediates

TOAGOSEI is a diversified chemical company with a strong presence in functional chemicals. It supplies high-purity Ethylene Carbonate to the electrolyte industry, leveraging its technological expertise in epoxide chemistry, which is fundamental to EC production.

Innovation and Sustainability Initiatives:

• Development of proprietary catalysts for efficient and cleaner EC synthesis

• Exploration of bio-based routes for chemical production

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3️⃣ 8. OUCC (Oriental Union Chemical Corporation)

Headquarters: Taipei, Taiwan
Key Offering: Ethylene Carbonate, Glycol Ethers

OUCC is a major chemical producer in Taiwan, manufacturing a range of oxy-chemical products, including Ethylene Carbonate. The company serves the robust electronics and battery supply chain in East Asia, providing essential materials for the region’s thriving tech industry.

Innovation and Sustainability Initiatives:

• Capacity expansions to align with the growth of the Asian battery market

• Investment in wastewater treatment and emission control technologies

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

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2️⃣ 9. Zhongke Hongye Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: Battery-Grade Carbonate Solvents

Zhongke Hongye is a Chinese chemical manufacturer specializing in lithium battery electrolyte solvents. The company has established itself as a reliable supplier of Ethylene Carbonate and other carbonate esters, supporting China’s position as the world’s largest producer of lithium-ion batteries.

Innovation and Sustainability Initiatives:

• Focus on scaling production to achieve economies of scale and cost competitiveness

• Collaborations with research institutions for product quality improvement

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1️⃣ 10. Haike Chemical Group

Headquarters: Shandong, China
Key Offering: Ethylene Carbonate, Dimethyl Carbonate (DMC), Electrolyte Solutions

Haike Chemical Group is a significant integrated producer of carbonate solvents in China. With a comprehensive product portfolio that includes Ethylene Carbonate, the company is a key enabler for the domestic electrolyte industry, supplying materials for a vast array of battery applications.

Innovation and Sustainability Initiatives:

• Vertical integration from basic chemicals to high-value electrolyte solvents

• Investment in advanced distillation and purification units to meet evolving purity standards

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

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🔋 Outlook: The Future of Ethylene Carbonate Solvent Is Driven by Electro-mobility and Energy Storage

The Lithium-ion Batteries Ethylene Carbonate Solvent market is at the forefront of the global energy transition. While EC remains a fundamental component, the industry is innovating towards enhanced solvent formulations, higher purity standards, and more sustainable production methods to meet the demands of next-generation batteries.

📈 Key Trends Shaping the Market:

• Rising demand for Ultra-High Purity (UHP) grades to support high-nickel NMC and silicon-anode batteries

• Increasing regulatory focus on battery safety and lifecycle, driving the need for superior SEI-forming solvents like EC

• Expansion of production capacities, particularly in Asia-Pacific, to cater to regional battery gigafactories

• Research into novel solvent blends and additives to extend battery operating ranges and enable fast-charging capabilities

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

The companies profiled above are not just supplying a chemical; they are providing a critical enabler for the electrification of transport and the stabilization of renewable energy grids. Their ongoing innovation ensures that lithium-ion batteries continue to become safer, more powerful, and more reliable, truly powering the future.