The Global Propylene Carbonate (PC) Market was valued at US$ 1,265 Million in 2025 and is projected to reach US$ 2,628 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period (2024–2034). This robust growth is primarily fueled by the exponential demand from the lithium-ion battery sector, alongside its expanding applications as a high-performance, low-toxicity solvent in coatings, adhesives, and gas treatment processes.

As the world transitions toward electrification and sustainable chemical processes, propylene carbonate stands out as a critical enabler. Its unique properties—high dielectric constant, low volatility, and compatibility with carbon dioxide utilization—make it indispensable. In this blog, we profile the Top 10 Companies in the Propylene Carbonate Industry, a dynamic mix of global chemical giants and specialized producers shaping the future of this essential market.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity Propylene Carbonate (Industrial & Battery Grades)

BASF is a global leader in the chemical industry and a major supplier of high-purity propylene carbonate. The company leverages its integrated production capabilities and strong R&D focus to serve diverse markets, including electrolytes for lithium-ion batteries, coatings, and agrochemicals. BASF’s commitment to quality ensures its PC meets the stringent requirements of advanced battery manufacturers.

Strategic Initiatives:

• Investment in battery materials production capacity across Europe and Asia
• Development of sustainable product portfolios with a focus on circular economy principles
• Strong technical support and customer collaboration for application development

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9️⃣ 2. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: JEFFSOL® Propylene Carbonate

Huntsman is a prominent global producer of propylene carbonate under its JEFFSOL® brand. The company’s product is known for its high purity and is widely used in electronics, coatings, and cleaning applications. Huntsman’s strong distribution network and focus on performance chemicals position it as a key player in meeting the demand for high-quality solvents.

Strategic Initiatives:

• Focus on innovation in performance products and advanced materials
• Strategic partnerships with downstream industries, including electronics and energy storage
• Commitment to operational excellence and supply chain reliability

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8️⃣ 3. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Propylene Carbonate (Industrial Grade)

As one of the world’s largest plastics, chemicals, and refining companies, LyondellBasell has a significant presence in the propylene oxide value chain, which includes propylene carbonate. The company’s large-scale manufacturing assets and global reach enable it to serve a broad customer base across various industrial solvent applications.

Strategic Initiatives:

• Leveraging integrated production from propylene oxide feedstock
• Exploring growth opportunities in circular and renewable feedstocks
• Maintaining a strong focus on safety and environmental stewardship

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Propylene Carbonate (PC) Market – View in Detailed Research Report

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7️⃣ 4. Shida Shenghua Chemical Group

Headquarters: Zibo, Shandong, China
Key Offering: Propylene Carbonate (Lithium Battery Grade & Industrial Grade)

Shida Shenghua Chemical is a leading Chinese producer of propylene carbonate with significant production capacity. The company has strategically positioned itself to capitalize on Asia’s booming lithium-ion battery market by offering battery-grade PC. Its competitive cost structure and proximity to key battery manufacturing hubs make it a formidable player.

Strategic Initiatives:

• Rapid expansion of production capacity to meet surging battery demand
• Continuous improvement in purification technologies for higher-grade products
• Strengthening supply chains for domestic and international markets

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6️⃣ 5. Daze Group Ltd.

Headquarters: Linyi, Shandong, China
Key Offering: Propylene Carbonate, Dimethyl Carbonate

Daze Group is a specialized chemical company with a strong focus on carbonate esters, including propylene carbonate and dimethyl carbonate. The company operates advanced production facilities and has built a reputation for quality and reliability, supplying both the domestic Chinese market and international customers.

Strategic Initiatives:

• Vertical integration within the carbonate esters value chain
• Investment in R&D for new applications and process optimization
• Expansion of global sales and distribution networks

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5️⃣ 6. Shandong Depu Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: Propylene Carbonate, Dimethyl Carbonate, Propylene Glycol

Shandong Depu Chemical is a key manufacturer of fine chemicals, with propylene carbonate being a core product. The company benefits from its location in a major Chinese chemical industry base, allowing for efficient sourcing of raw materials and logistics. It serves a diverse range of industries from solvents to energy storage.

Strategic Initiatives:

• Capacity expansion projects to capture growing market share
• Focus on producing high-value, high-purity grades for specialty applications
• Building long-term partnerships with key end-users

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4️⃣ 7. Hi-tech Spring Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: High-Purity Propylene Carbonate

Hi-tech Spring Chemical specializes in the production of high-purity chemical products, including propylene carbonate. The company emphasizes technological advancement and quality control, making it a preferred supplier for applications demanding stringent specifications, such as in the electronics and pharmaceutical industries.

Strategic Initiatives:

• Investment in advanced purification and quality assurance technologies
• Targeting high-growth niche markets with specialized product offerings
• Ensuring consistent product quality and supply stability

Download FREE Sample Report:
Propylene Carbonate (PC) Market – View in Detailed Research Report

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3️⃣ 8. Linyi Evergreen Chemical Co., Ltd.

Headquarters: Linyi, Shandong, China
Key Offering: Propylene Carbonate, Dimethyl Carbonate

Linyi Evergreen Chemical is a significant producer in the Chinese carbonate market. The company has developed robust manufacturing processes for propylene carbonate and has established a strong presence in both domestic and export markets, catering to the needs of the polymer and battery industries.

Strategic Initiatives:

• Scaling up production to achieve economies of scale
• Enhancing product portfolio to include co-products like dimethyl carbonate
• Strengthening international marketing and logistics capabilities

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2️⃣ 9. Shandong Feiyang Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: Propylene Carbonate (Various Grades)

Shandong Feiyang Chemical operates as a dedicated manufacturer of propylene carbonate and related chemicals. The company focuses on maintaining competitive pricing and reliable supply, making it a key contributor to the industrial solvent market and an emerging supplier for battery electrolytes.

Strategic Initiatives:

• Optimizing production processes for cost efficiency and environmental compliance
• Expanding market reach through strategic distributors and agents
• Adapting product specifications to meet evolving customer requirements

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1️⃣ 10. Lixing Chemical Co., Ltd.

Headquarters: Taixing, Jiangsu, China
Key Offering: Propylene Carbonate, Propylene Oxide

Lixing Chemical is a notable player with integrated production capabilities from propylene oxide to propylene carbonate. This backward integration provides the company with a stable raw material supply and cost advantages. It serves a broad spectrum of industries requiring high-quality carbonate solvents.

Strategic Initiatives:

• Leveraging integrated production for supply chain security and margin stability
• Pursuing technological upgrades to improve product quality and yield
• Exploring sustainable production methods and new market applications

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Propylene Carbonate (PC) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Propylene Carbonate Is High-Tech and Sustainable

The propylene carbonate market is undergoing a significant transformation. While traditional industrial solvent applications continue to provide a stable demand base, the industry’s future is inextricably linked to the clean energy transition and the adoption of green chemistry principles.

📈 Key Trends Shaping the Market:

• Exponential growth in lithium-ion battery production for EVs and energy storage systems, driving demand for battery-grade PC.
• Increasing regulatory push for low-VOC (Volatile Organic Compound) and environmentally friendly solvents, favoring PC’s profile.
• Growing interest in carbon capture and utilization (CCU), as PC production consumes CO₂ as a feedstock.
• Technological advancements in purification processes to achieve ultra-high purity levels required by the electronics industry.
• Strategic partnerships between PC producers and battery manufacturers to secure supply chains and co-develop customized electrolyte formulations.

Get Full Report Here:
Propylene Carbonate (PC) Market – View in Detailed Research Report

The companies listed above are not only supplying a critical chemical intermediate—they are actively enabling the technological advancements that will define a more sustainable and electrified future.