Top 10 Companies in the Propylene Carbonate (PC) Market (2026): Market Leaders Powering Global Chemistry

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

The Global PC market, valued at USD 1,280 Mn in 2025, is positioned for a steady expansion as battery‑grade demand continues to rise. Forecasts project the market to reach USD 2,750 Mn by 2034, reflecting the continued emphasis on high‑purity solvents for advanced energy storage solutions.

Propylene carbonate is a high‑purity, colorless to yellowish liquid solvent characterized by a high boiling point, low volatility and a dielectric constant exceeding 65. These attributes render it ideal for lithium‑ion battery electrolytes, where it enhances ionic conductivity and supports high‑energy density cell chemistries. Beyond batteries, its low toxicity and VOC‑exempt status have made it attractive for coatings, adhesives and industrial cleaning applications.

1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Battery‑grade propylene carbonate, advanced solvent solutions for coatings and adhesives

BASF’s long‑standing expertise in solvent chemistry positions it as the benchmark for purity and performance. The company’s dedicated battery‑grade production lines ensure consistent moisture control and low metal‑ion content, meeting the stringent requirements of EV manufacturers. Sustainability initiatives include the use of renewable propylene oxide feedstocks and continuous improvement of energy efficiency across its production sites.

• Investment in renewable feedstock production
• Energy‑efficient synthesis processes
• Partnerships with battery OEMs for long‑term supply contracts

2. Huntsman Corporation

Headquarters: Cleveland, USA
Key Offering: High‑purity propylene carbonate for lithium‑ion batteries, specialty solvent blends for coatings

Huntsman’s focus on high‑performance polymers extends to its solvent portfolio, delivering PC with exceptional purity that supports lightweight, flexible materials in aerospace and medical devices. The firm is actively scaling its battery‑grade production capacity to align with the growing EV market, while integrating carbon‑capture pathways to reduce its carbon footprint.

• Expansion of battery‑grade production capacity
• Integration of CO₂‑based synthesis routes
• Commitment to net‑zero emissions by 2050

3. LyondellBasell Industries

Headquarters: Rotterdam, Netherlands / Houston, USA
Key Offering: Bulk propylene carbonate for industrial solvents, battery‑grade PC

LyondellBasell’s mature direct synthesis route delivers high‑purity PC at scale, supporting both industrial and battery applications. The company’s robust supply chain and long‑term agreements with OEMs provide a stable foundation for market growth. Ongoing investments in catalytic technology aim to lower production costs and enhance sustainability.

• Investment in catalytic route optimization
• Long‑term supply agreements with battery manufacturers
• Reduction of energy intensity through process upgrades

4. Shida Shenghua Chemical

Headquarters: Shanghai, China
Key Offering: Industrial‑grade propylene carbonate for coatings and adhesives

Shida Shenghua leverages China’s robust petrochemical infrastructure to produce cost‑effective industrial PC. The company is rapidly upgrading its purification towers to meet emerging battery‑grade specifications, positioning itself as a key supplier to the domestic EV market.

• Expansion of purification capabilities
• Strategic partnerships with local battery manufacturers
• Focus on cost‑effective production

5. Daze Group

Headquarters: Beijing, China
Key Offering: Industrial propylene carbonate for solvent blends

Daze Group’s integrated production facilities allow it to supply PC at competitive prices while maintaining quality standards. The firm is exploring CO₂‑based synthesis routes to enhance its ESG profile and capture new market segments.

• Development of CO₂‑based synthesis
• Expansion of production capacity
• Commitment to environmental stewardship

6. Shandong Depu Chemical

Headquarters: Shandong, China
Key Offering: Bulk propylene carbonate for industrial solvents

Shandong Depu’s strategic location near propylene oxide producers enables efficient supply chains. The company is investing in advanced purification technologies to meet the rising demand for battery‑grade PC.

• Investment in advanced purification
• Strategic positioning near feedstock sources
• Focus on quality control

7. Hi‑Tech Spring Chemical

Headquarters: Hangzhou, China
Key Offering: Industrial propylene carbonate for coatings and electronics

Hi‑Tech Spring’s cost‑efficient transesterification platform allows it to deliver PC at competitive prices. The firm is scaling up its production to accommodate the growing demand for battery‑grade solvent in the domestic market.

• Cost‑efficient production methods
• Scaling of production capacity
• Focus on meeting battery‑grade specifications

8. Linyi Evergreen Chemical

Headquarters: Linyi, China
Key Offering: Industrial propylene carbonate for solvent blends

Linyi Evergreen’s extensive production network supports its role as a key supplier to the Chinese chemical industry. The company is actively upgrading its facilities to meet higher purity standards demanded by battery manufacturers.

• Facility upgrades for higher purity
• Strategic partnerships with battery OEMs
• Focus on cost efficiency

9. Shandong Feiyang Chemical

Headquarters: Shandong, China
Key Offering: Industrial propylene carbonate for coatings

Shandong Feiyang’s production processes are tailored to deliver high‑quality PC at scale. The firm is investing in advanced purification to support the rising demand for battery‑grade solvent.

• Investment in purification technology
• Alignment with battery‑grade demand
• Focus on quality assurance

10. Lixing Chemical

Headquarters: Shandong, China
Key Offering: Industrial propylene carbonate for solvent blends

Lixing Chemical’s production capacity is expanding to meet the growing industrial and battery market demands. The company is exploring CO₂‑based synthesis to enhance sustainability.

• Expansion of production capacity
• Exploration of CO₂‑based routes
• Commitment to sustainability

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Outlook

Battery electrification continues to be the primary engine for propylene carbonate demand, with the EV market in North America and Asia‑Pacific driving the need for high‑purity solvent grades. Regulatory trends favoring low‑VOC, high‑purity chemicals further reinforce the shift toward PC, while advances in CO₂‑based synthesis are opening new pathways for sustainable production. Companies that combine cost‑efficiency with stringent quality controls will be best positioned to capture market share.

Future Trends

Emerging catalytic routes that directly incorporate captured CO₂ into the PC synthesis are gaining traction, offering a compelling ESG narrative and the potential for premium pricing. The expansion of battery manufacturing hubs in Asia‑Pacific and the development of local propylene oxide refineries are expected to reduce supply chain exposure to raw‑material price swings. Digital twins and AI‑driven process optimization are becoming standard practice, allowing producers to maintain high purity while lowering energy consumption. These trends collectively point to a market that is both more resilient and more aligned with global sustainability objectives.