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, growing at a Compound Annual Growth Rate (CAGR) of 8.30% during the forecast period (2024-2029). This robust growth is primarily fueled by the exponential rise in electric vehicle (EV) production, the expansion of consumer electronics, and the accelerating adoption of grid-scale energy storage solutions, all of which rely heavily on high-performance lithium-ion batteries.

As the global energy transition accelerates, the critical role of ethylene carbonate (EC) as a vital electrolyte solvent cannot be overstated. Its high dielectric constant and excellent solvating power are essential for optimal battery performance and longevity. In this blog, we profile the Top 10 Companies in the Lithium-ion Batteries Ethylene Carbonate Solvent Industry—a diverse group of chemical giants and specialized manufacturers that are powering the future of energy storage.

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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, Custom Electrolyte Formulations

BASF is a global leader in the chemical industry and a key supplier of high-purity ethylene carbonate for lithium-ion battery electrolytes. The company leverages its extensive chemical manufacturing expertise and global supply chain to serve major battery manufacturers and automotive OEMs worldwide.

Innovation and Market Strategy:

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

• Strategic partnerships with leading automotive and battery companies for co-development

• Focus on sustainable production processes to reduce the carbon footprint of battery materials

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9️⃣ 2. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: High-Purity EC Solvents, Battery Electrolyte Solutions

Mitsubishi Chemical is a dominant player in the Asian market, providing high-quality ethylene carbonate that meets the stringent requirements of the lithium-ion battery industry. The company’s strong presence in the electronics and automotive sectors provides a significant competitive advantage.

Innovation and Market Strategy:

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

• R&D focused on improving electrolyte stability and battery cycle life

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8️⃣ 3. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Ethylene Carbonate, Propylene Carbonate, Specialty Chemicals

Huntsman is a major global producer of ethylene carbonate, with a diverse portfolio of performance chemicals. The company supplies EC to electrolyte manufacturers, supporting the entire battery value chain from raw materials to finished cells.

Innovation and Market Strategy:

• Leveraging its integrated chemical production to ensure consistent quality and supply

• Development of tailored solvent blends for specific battery chemistries (NMC, LFP)

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7️⃣ 4. New Japan Chemical Co., Ltd.

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

New Japan Chemical specializes in the production of high-purity chemical products, including ethylene carbonate for lithium-ion batteries. The company is renowned for its rigorous quality control and technical support services for electrolyte formulators.

Innovation and Market Strategy:

• Focus on ultra-high purity grades (>99.9%) to enhance battery safety and performance

• Strong customer relationships with leading Japanese and Korean battery makers

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

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6️⃣ 5. TOAGOSEI CO., LTD.

Headquarters: Tokyo, Japan
Key Offering: EC Solvents, Epoxy Resins, Specialty Monomers

TOAGOSEI is a well-established chemical company with a significant market share in ethylene carbonate production. Its expertise in epoxy and acrylate chemistry provides a strong foundation for developing advanced electrolyte components.

Innovation and Market Strategy:

• Development of proprietary production processes for cost-effective, high-yield EC manufacturing

• Expansion of its global footprint to serve international battery supply chains

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

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

As one of China’s leading producers, Shandong Shida Shenghua plays a crucial role in supplying the domestic and Asian battery markets. The company benefits from China’s dominant position in the global lithium-ion battery production ecosystem.

Innovation and Market Strategy:

• Rapid scaling of production capacity to capitalize on domestic EV market growth

• Competitive pricing strategy for cost-sensitive applications

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4️⃣ 7. Lixing Chemical Co., Ltd.

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

Lixing Chemical is a key Chinese manufacturer of carbonate solvents, serving the rapidly growing lithium-ion battery industry. The company offers a full suite of carbonate esters essential for formulating modern electrolytes.

Innovation and Market Strategy:

• Vertical integration in carbonate solvent production to ensure supply chain stability

• Investment in R&D to improve product quality and meet international standards

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3️⃣ 8. OUCC (Oriental Union Chemical Corporation)

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

OUCC is a significant producer of ethylene carbonate in East Asia, with a strong focus on the electronics and energy storage markets. The company’s strategic location allows it to effectively serve major battery production hubs.

Innovation and Market Strategy:

• Diversification of product portfolio to include co-solvents and additives for electrolytes

• Emphasis on building long-term partnerships with global electrolyte manufacturers

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2️⃣ 9. Zhongke Hongye Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: High-Purity Electrolyte Solvents

Zhongke Hongye is a specialized manufacturer of high-purity chemicals for the battery industry. The company has gained recognition for its consistent product quality and reliable supply to the competitive Chinese market.

Innovation and Market Strategy:

• Targeted production of battery-grade solvents with low moisture and acid content

• Active participation in the development of industry standards for electrolyte solvents

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1️⃣ 10. Haike Chemical Group

Headquarters: Liaocheng, Shandong, China
Key Offering: Ethylene Carbonate, Diethyl Carbonate, Lithium Hexafluorophosphate

Haike Chemical is an integrated chemical company with a growing presence in the lithium-ion battery materials sector. The company offers a range of electrolyte components, positioning itself as a one-stop shop for battery manufacturers.

Innovation and Market Strategy:

• Strategic expansion into the entire electrolyte value chain

• Focus on cost-competitiveness and scalability to serve high-volume markets

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

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🔋 Outlook: The Future of Battery Electrolyte Solvents Is High-Performance and Sustainable

The lithium-ion battery ethylene carbonate solvent market is at the forefront of the clean energy revolution. While established applications in consumer electronics continue to grow, the massive demand from the electric vehicle sector is the primary engine of market expansion. The industry is simultaneously focusing on enhancing performance and addressing sustainability concerns.

📈 Key Trends Shaping the Market:

• Shift towards ultra-high purity grades to enable higher energy density and longer-lasting batteries

• Increasing R&D into novel solvent blends and additives for next-generation battery chemistries (e.g., solid-state, silicon-anode)

• Growing emphasis on green chemistry and sustainable sourcing of raw materials to reduce environmental impact

• Geographic expansion of production facilities to localize supply chains and mitigate logistical risks

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

The companies profiled above are not merely supplying a chemical commodity; they are providing a foundational material that is essential for the global transition to electrification and renewable energy. Their innovations in purity, performance, and production will directly influence the pace and success of this transition.