The Global Electrolytes for Lithium-ion Secondary Batteries Market was valued at USD 435 Million in 2025 and is projected to reach USD 961 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period (2024–2034). This robust growth is driven by the explosive demand for electric vehicles, the rapid expansion of grid-scale energy storage systems, and the continuous innovation in consumer electronics.

As the world accelerates its transition to clean energy and electrified transportation, the quality and performance of the battery electrolyte—the vital component enabling ion conduction—have become paramount. In this blog, we profile the Top 10 Companies in the Electrolytes for Lithium-ion Secondary Batteries Industry—a group of chemical giants, specialized material suppliers, and regional leaders who are formulating the future of energy storage.

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🔟 1. UBE Industries

Headquarters: Tokyo, Japan
Key Offering: High-Purity Lithium Salts (LiPF6), Electrolyte Solutions

UBE Industries is a leading global supplier of lithium hexafluorophosphate (LiPF6), the most critical and widely used lithium salt in commercial liquid electrolytes. The company’s high-purity materials are essential for ensuring the safety, longevity, and performance of lithium-ion batteries used in automotive and industrial applications.

Innovation Initiatives:

• Expansion of LiPF6 production capacity to meet soaring global demand

• Development of next-generation electrolyte additives for high-voltage battery systems

• Strategic partnerships with major battery manufacturers worldwide

Download FREE Sample Report: Electrolytes for Lithium-ion Secondary Batteries Market – View in Detailed Research Report

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9️⃣ 2. Mitsubishi Chemical

Headquarters: Tokyo, Japan
Key Offering: Custom Electrolyte Formulations, Additives

Mitsubishi Chemical Group is a major player in the advanced materials sector, offering a comprehensive portfolio of electrolyte solutions tailored for specific battery chemistries, including NMC, LFP, and high-nickel cathodes. Their focus is on enhancing thermal stability and cycle life.

Innovation Initiatives:

• R&D into flame-retardant and high-conductivity electrolytes

• Developing solutions for fast-charging and extreme-temperature operation

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8️⃣ 3. BASF

Headquarters: Ludwigshafen, Germany
Key Offering: Electrolyte Formulations, Specialty Additives

BASF’s battery materials business provides innovative electrolyte solutions and a wide range of performance-enhancing additives. The company leverages its global manufacturing and R&D network to support the European and North American battery supply chain development.

Innovation Initiatives:

• Investment in European electrolyte production to support local gigafactories

• Focus on sustainable and cobalt-free battery chemistries

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7️⃣ 4. Targray

Headquarters: Montreal, Canada
Key Offering: Electrolyte Salts, Solvents, Additives

Targray is a leading international supplier of advanced materials for the lithium-ion battery industry, distributing high-quality electrolyte components globally. The company serves a vast network of battery cell manufacturers and electrolyte formulators.

Innovation Initiatives:

• Global supply chain logistics for critical battery materials

• Providing a diverse portfolio of solvents and lithium salts

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6️⃣ 5. 3M

Headquarters: St. Paul, Minnesota, USA
Key Offering: Fluorinated Electrolyte Additives

3M brings its expertise in fluorochemistry to the battery industry, developing specialized electrolyte additives that improve battery safety and performance. Their fluorinated products help stabilize the solid-electrolyte interphase (SEI) layer, which is crucial for battery longevity.

Innovation Initiatives:

• Pioneering research into high-performance fluorochemicals for batteries

• Collaborations with automakers on next-generation EV battery technology

Download FREE Sample Report: Electrolytes for Lithium-ion Secondary Batteries Market – View in Detailed Research Report

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5️⃣ 6. Mitsui Chemicals

Headquarters: Tokyo, Japan
Key Offering: Electrolyte Solutions for High-Energy-Density Batteries

Mitsui Chemicals develops electrolyte formulations optimized for the latest high-capacity anode and cathode materials. The company is focused on solutions that enable higher energy density and improved safety margins for electric vehicle batteries.

Innovation Initiatives:

• Advanced additives for silicon-anode and lithium-metal batteries

• Expansion of production capabilities in key Asian markets

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4️⃣ 7. Shenzhen Capchem Technology

Headquarters: Shenzhen, China
Key Offering: Lithium Battery Electrolytes, Capacitor Chemicals

As one of China’s largest electrolyte producers, Shenzhen Capchem Technology is a critical supplier to the country’s vast battery manufacturing ecosystem. The company provides electrolytes for a wide range of applications, from EVs to consumer electronics.

Innovation Initiatives:

• Mass production of electrolytes for Lithium Iron Phosphate (LFP) batteries

• Significant R&D investment in solid-state and semi-solid electrolytes

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3️⃣ 8. Guangzhou Tinci

Headquarters: Guangzhou, China
Key Offering: Electrolyte Materials, Daily Chemicals

Guangzhou Tinci Materials Technology is a major Chinese manufacturer of lithium-ion battery electrolytes. The company has rapidly scaled its production to become a key domestic supplier, benefiting from China’s dominant position in the global battery supply chain.

Innovation Initiatives:

• Vertical integration in electrolyte solvent production

• Focus on cost-effective solutions for the mass EV market

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2️⃣ 9. Zhangjiagang Guotai Huarong New Chemical Materials

Headquarters: Suzhou, China
Key Offering: Electrolyte Solvents, Additives

Specializing in the upstream components of electrolytes, this company is a leading producer of high-purity solvents like ethylene carbonate (EC) and dimethyl carbonate (DMC). These organic carbonates are the primary solvents used in most commercial lithium-ion battery electrolytes.

Innovation Initiatives:

• Capacity expansion for electrolyte solvents to alleviate supply constraints

• Development of novel solvent blends for improved low-temperature performance

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1️⃣ 10. Central Glass

Headquarters: Tokyo, Japan
Key Offering: Fluorine-Based Electrolyte Additives, LiPF6

Central Glass Co., Ltd. utilizes its fluorine chemical technology to produce specialized electrolyte additives and lithium salts. The company’s products are known for enhancing the safety and cycle performance of lithium-ion batteries, particularly in demanding applications.

Innovation Initiatives:

• Proprietary fluorine compounds for high-voltage battery systems

• Collaborations with Japanese automotive and battery giants

Get Full Report Here: Electrolytes for Lithium-ion Secondary Batteries Market – View in Detailed Research Report

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🔋 Outlook: The Future of Battery Electrolytes Is High-Performance and Safe

The electrolytes market is at the heart of the lithium-ion battery evolution. While conventional liquid electrolytes dominate today, the industry is aggressively pursuing next-generation formulations that promise greater energy density, enhanced safety, and faster charging capabilities.

📈 Key Trends Shaping the Market:

• Accelerated adoption of high-voltage electrolytes for advanced cathode materials

• Intensive R&D into solid-state electrolytes for ultimate safety and energy density

• Growing demand for functional additives to improve cycle life and thermal stability

• Supply chain localization efforts in North America and Europe to reduce dependence on Asia

Get Full Report Here: Electrolytes for Lithium-ion Secondary Batteries Market – View in Detailed Research Report

The companies listed above are not only supplying a critical component—they are actively engineering the foundational chemistry that will power the sustainable, electrified world of tomorrow.