The Global Propylene Carbonate (PC) Market was valued at USD 1.27 Billion in 2025 and is projected to reach USD 2.63 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period (2024–2034). This robust growth is primarily driven by the explosive expansion of the lithium-ion battery sector, stringent environmental regulations phasing out hazardous solvents, and the chemical’s role in carbon dioxide utilization pathways.

As industries worldwide pivot towards electrification and sustainable manufacturing, the demand for high-performance, eco-friendly solvents like propylene carbonate is surging. In this blog, we profile the Top 10 Companies in the Propylene Carbonate Industry—a mix of global chemical titans and specialized producers shaping the future of this critical market.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-purity Propylene Carbonate (Lithium Battery Grade, Industrial Grade)

BASF SE is a global leader in the chemical industry and a major producer of propylene carbonate. The company leverages its extensive petrochemical integration and advanced catalysis expertise to produce high-quality PC for diverse applications, with a strong focus on the rapidly growing battery electrolyte market.

Sustainability and Innovation Initiatives:

• Investment in battery materials research and production capacity expansion

• Development of sustainable production processes, including CO₂ utilization technologies

• Commitment to carbon-neutral growth by 2050

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

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9️⃣ 2. Huntsman Corporation

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

Huntsman Corporation is a prominent global manufacturer of differentiated chemicals, including its JEFFSOL™ brand of propylene carbonate. The company supplies high-purity PC to the electronics, coatings, and energy storage industries, emphasizing product quality and technical support.

Sustainability and Innovation Initiatives:

• Focus on providing VOC-exempt, low-toxicity solvent solutions

• Strong R&D pipeline for advanced applications in clean energy

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8️⃣ 3. LyondellBasell Industries

Headquarters: Houston, Texas, USA / Rotterdam, Netherlands
Key Offering: Propylene Carbonate for industrial and specialty applications

As one of the world’s largest plastics, chemicals, and refining companies, LyondellBasell has a significant presence in the propylene carbonate market. Its integrated production from propylene oxide gives it a competitive edge in supplying large-volume customers.

Sustainability and Innovation Initiatives:

• Circular economy and climate goals targeting net-zero emissions from operations by 2050

• Exploration of bio-based routes for intermediate chemicals

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7️⃣ 4. Shida Shenghua Chemical

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

Shida Shenghua Chemical is a leading Chinese producer of propylene carbonate and other fine chemicals. The company has built a strong reputation for cost-effective manufacturing and reliable supply, catering to both domestic and international markets.

Sustainability and Innovation Initiatives:

• Continuous process optimization to improve efficiency and reduce environmental impact

• Expansion of production capacity to meet growing global demand

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

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6️⃣ 5. Daze Group

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

Daze Group specializes in the production of carbonate esters, including propylene carbonate. The company is a key supplier in the Asian market, with a focus on the electronics and lithium battery sectors.

Sustainability and Innovation Initiatives:

• Investment in purification technologies to produce battery-grade materials

• Development of integrated production lines for carbonate solvents

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5️⃣ 6. Shandong Depu Chemical

Headquarters: Zibo, Shandong, China
Key Offering: Industrial and Battery Grade Propylene Carbonate

Shandong Depu Chemical is a significant manufacturer in China’s chemical landscape, producing propylene carbonate for a wide array of industrial applications. The company is actively upgrading its facilities to serve the high-purity requirements of the battery industry.

Sustainability and Innovation Initiatives:

• Adoption of green chemical principles in manufacturing processes

• Focus on quality control to meet international standards

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4️⃣ 7. Hi-tech Spring Chemical

Headquarters: Zibo, Shandong, China
Key Offering: Propylene Carbonate, Ethylene Carbonate

Hi-tech Spring Chemical is dedicated to the production of high-purity chemical solvents. The company has established itself as a reliable source of propylene carbonate, particularly for clients in the coatings and electronics industries.

Sustainability and Innovation Initiatives:

• Emphasis on producing environmentally benign solvents

• Technical collaboration with downstream users to develop application-specific solutions

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3️⃣ 8. Linyi Evergreen Chemical

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

Linyi Evergreen Chemical is a growing producer in the Chinese market, focusing on the competitive production of propylene carbonate. The company supplies both the domestic market and export customers with industrial-grade product.

Sustainability and Innovation Initiatives:

• Investment in production technology to enhance yield and purity

• Exploration of new market opportunities in green chemistry

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2️⃣ 9. Shandong Feiyang Chemical

Headquarters: Zibo, Shandong, China
Key Offering: Propylene Carbonate, Speciality Solvents

Shandong Feiyang Chemical is involved in the manufacturing of various chemical products, including propylene carbonate. The company competes on the basis of cost and flexibility, serving a diverse customer base.

Sustainability and Innovation Initiatives:

• Process improvements aimed at reducing waste and energy consumption

• Responsible care initiatives within its operations

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1️⃣ 10. Lixing Chemical

Headquarters: Taixing, Jiangsu, China
Key Offering: Propylene Carbonate, Polycarbonate Diols

Lixing Chemical is a chemical manufacturer with a portfolio that includes propylene carbonate. The company utilizes its chemical synthesis expertise to produce quality solvents for various downstream industries.

Sustainability and Innovation Initiatives:

• Research into new applications for carbonate esters

• Commitment to sustainable manufacturing practices

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

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

The propylene carbonate market is undergoing a significant transformation. While industrial solvent applications provide a stable demand base, the industry’s future is being shaped by the relentless growth of the energy storage sector and the global push for greener chemicals.

📈 Key Trends Shaping the Market:

• Exponential demand growth for battery-grade PC from the electric vehicle and grid storage markets

• Increasing regulatory pressure for low-VOC, non-toxic solvents, favoring PC adoption

• Advancements in production technologies, particularly those utilizing captured CO₂

• Strategic partnerships between PC producers and battery manufacturers to secure supply chains

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

The companies listed above are not only supplying a critical chemical ingredient—they are enabling the transition to cleaner energy and more sustainable industrial processes worldwide.