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 (2025–2034). This remarkable growth is being driven by the exponential expansion of the electric vehicle (EV) sector, the booming energy storage system (ESS) market, and the relentless demand for advanced consumer electronics. Electrolytes, the critical conductive medium enabling ion movement within batteries, are at the heart of this technological revolution.

As the world accelerates its transition to clean energy and electrified transportation, the companies formulating and supplying these essential battery components are playing a pivotal role. In this blog, we profile the Top 10 Companies in the Electrolytes for Lithium-ion Secondary Batteries Industry—a mix of established chemical giants, specialized producers, and innovative leaders shaping the future of energy storage.

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1️⃣ 1. UBE Industries

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

UBE Industries is a global leader in the production of high-purity LiPF6, the dominant lithium salt used in commercial lithium-ion battery electrolytes. The company’s strong position is built on decades of expertise in fluorine chemistry and a robust, vertically integrated supply chain. UBE supplies major battery manufacturers worldwide with electrolyte materials known for their consistent quality and performance.

Innovation and R&D Focus:

• Expanding production capacity for LiPF6 to meet soaring global demand.

• Developing next-generation lithium salts (e.g., LiFSI) for improved thermal stability and performance.

• Investing in R&D for solid-state electrolyte precursors and advanced additive packages.

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

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2️⃣ 2. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Custom Electrolyte Formulations, High-Voltage Electrolytes, Additives

Mitsubishi Chemical Group is a powerhouse in the advanced materials sector, offering a comprehensive portfolio of electrolyte solutions tailored for high-performance applications. The company leverages its deep chemical expertise to develop formulations that enhance battery energy density, cycle life, and safety, catering to the stringent requirements of leading EV and electronics manufacturers.

Innovation and R&D Focus:

• Pioneering high-voltage electrolytes compatible with nickel-rich cathodes.

• Development of functional additives to improve battery safety and longevity.

• Strategic partnerships with automotive OEMs for co-development of proprietary electrolyte systems.

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3️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Licity® Brand Electrolytes, Advanced Additives, Solid-State Electrolyte R&D

BASF is a major global player with a strong commitment to the battery materials value chain. Its Licity® electrolyte brand is well-recognized for quality and performance. BASF is heavily invested in R&D for next-generation technologies, particularly solid-state electrolytes, positioning itself as a key innovator for the future of battery chemistry.

Innovation and R&D Focus:

• Significant investment in solid-state battery technology and electrolyte development.

• Expanding its portfolio of specialty additives for fast-charging and wide-temperature-range applications.

• Focus on sustainability, developing processes for recycling battery materials.

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4️⃣ 4. Shenzhen Capchem Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Full-Range Electrolyte Solutions, LiPF6, Solvents, Additives

Shenzhen Capchem is one of China’s largest and most influential electrolyte producers. The company benefits from its proximity to the world’s largest battery manufacturing base, offering a complete portfolio from basic lithium salts to customized electrolyte formulations. Capchem is a critical supplier to major Chinese and international battery cell makers.

Innovation and R&D Focus:

• Rapid scaling of production capacity to serve the booming domestic EV market.

• Development of electrolytes for high-nickel NMC and lithium iron phosphate (LFP) battery chemistries.

• Investing in upstream integration to secure raw material supply.

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5️⃣ 5. Guangzhou Tinci Materials Technology Co., Ltd.

Headquarters: Guangzhou, China
Key Offering: Electrolyte Salts, Solvents, Additives, Custom Formulations

Guangzhou Tinci is another leading Chinese electrolyte specialist with a strong market position. The company has a comprehensive product line and maintains close relationships with top-tier battery manufacturers. Tinci is known for its technical service capabilities and ability to provide tailored solutions for specific customer needs.

Innovation and R&D Focus:

• Focus on cost-effective and high-performance electrolyte solutions for mass-market EVs.

• Expansion into new lithium salts like LiFSI to complement its traditional LiPF6 offerings.

• Enhancing production efficiency and quality control to meet automotive-grade standards.

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

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6️⃣ 6. Zhangjiagang Guotai Huarong New Chemical Materials Co., Ltd.

Headquarters: Suzhou, China
Key Offering: Lithium-ion Battery Electrolytes, LiPF6

As a subsidiary of Jiangsu Guotai International Group, one of China’s largest electrolyte producers, Guotai Huarong is a significant volume player in the market. The company leverages its scale and integrated operations to supply the fast-growing domestic battery industry with reliable electrolyte products.

Innovation and R&D Focus:

• Capacity expansion to maintain competitive scale.

• Improving the purity and performance consistency of its electrolyte products.

• Developing formulations suited for the evolving LFP and high-nickel cathode landscapes.

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7️⃣ 7. Ningbo Shanshan Co., Ltd.

Headquarters: Ningbo, China
Key Offering: Anode Materials, Electrolytes

Ningbo Shanshan is a diversified materials company with a strong presence in both anode materials and electrolytes for lithium-ion batteries. This dual focus allows Shanshan to offer integrated material solutions and understand synergies between battery components, providing a unique value proposition to customers.

Innovation and R&D Focus:

• Leveraging expertise in anode materials to develop compatible electrolyte systems.

• Expanding electrolyte production as part of its broader battery material strategy.

• Focusing on cost-competitive solutions for the high-volume battery market.

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8️⃣ 8. Central Glass Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Specialty Fluorine Compounds, Electrolyte Additives, LiPF6

Central Glass is a key Japanese chemical company with a strong foundation in fluorine technology, which is critical for producing lithium salts like LiPF6. The company is known for its high-quality products and serves as a important supplier to the Japanese and Korean battery industries.

Innovation and R&D Focus:

• Development of advanced fluorine-based electrolyte additives for enhanced safety.

• Research into alternative lithium salts with superior properties to LiPF6.

• Maintaining a reputation for high purity and reliability in its chemical products.

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9️⃣ 9. Mitsui Chemicals, Inc.

Headquarters: Tokyo, Japan
Key Offering: High-Purity Electrolyte Solutions, Functional Materials

Mitsui Chemicals brings its extensive polymer and functional materials expertise to the electrolyte market. The company focuses on developing high-value, high-performance electrolyte components that address specific challenges such as high-temperature operation and long cycle life.

Innovation and R&D Focus:

• Creating electrolyte formulations that improve thermal stability and prevent degradation.

• Exploring polymer-based and gel electrolyte systems for specific applications.

• Collaborating with cell manufacturers on customized solutions.

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🔟 10. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: Specialty Fluids, Electrolyte Additives, Co-solvents

3M applies its deep materials science capabilities to the battery industry, focusing on high-value specialty fluids and additives that can significantly enhance electrolyte performance. The company’s products are designed to improve safety, increase conductivity, and extend battery life.

Innovation and R&D Focus:

• Developing non-flammable fluorinated electrolytes and co-solvents for improved battery safety.

• Creating proprietary additive packages that form stable interfaces on electrodes.

• Focusing on innovation for next-generation battery systems beyond conventional lithium-ion.

Read Full Report: 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 undergoing a fundamental transformation. While conventional liquid electrolytes still dominate, the industry is investing heavily in next-generation formulations, solid-state technologies, and sustainable production methods to power the future of mobility and grid storage.

📈 Key Trends Shaping the Market:

• Solid-State Electrolyte Commercialization: Intense R&D aimed at replacing flammable liquid electrolytes with solid alternatives for superior safety and energy density.

• Adoption of Advanced Lithium Salts: Gradual shift from LiPF6 to salts like LiFSI for better thermal stability and conductivity in high-performance batteries.

• Supply Chain Localization: Strategic moves in North America and Europe to build regional electrolyte production capacity, reducing reliance on Asian imports.

• Circular Economy Initiatives: Growing focus on developing efficient recycling processes to recover and reuse valuable electrolyte components.

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

The companies profiled above are not only supplying a critical battery component—they are actively engineering the foundation for a more powerful and sustainable energy future.