Top 10 Companies in the Dispersant for Conductive Agent Industry (2024): Market Leaders Powering Battery Innovation

In Business Insights
August 07, 2025

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The Global Dispersant for Conductive Agent Market was valued at USD 356 Million in 2024 and is projected to reach USD 578 Million by 2031, growing at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period (2024–2031). This robust growth is driven by the explosive demand for lithium-ion batteries across electric vehicles and consumer electronics sectors, coupled with advancements in battery material technologies.

As battery manufacturers push for higher energy densities and faster charging capabilities, dispersants play a pivotal role in enhancing conductive material distribution within electrodes. These specialized additives improve battery performance by optimizing conductivity while maintaining formulation stability. In this analysis, we profile the Top 10 Companies in the Dispersant for Conductive Agent Industry—a mix of chemical giants and specialty material innovators shaping the future of battery technology.


🔟 1. LG Chemical

Headquarters: Seoul, South Korea
Key Offering: Advanced Polymer Dispersants for High-Voltage Batteries

LG Chemical leads the market with its proprietary polymer dispersant technology, capturing approximately 18% market share. The company’s vertically integrated battery supply chain provides unique formulation advantages for EV battery applications.

Innovation Highlights:

  • Specialized dispersants for NMC 811 cathode materials

  • Thermally stable formulations for fast-charging applications

  • Strategic partnerships with major automakers

Download FREE Sample Report:
Dispersant for Conductive Agent Market – View in Detailed Research Report


9️⃣ 2. Croda International

Headquarters: Snaith, United Kingdom
Key Offering: Bio-based and Specialty Chemical Dispersants

Croda combines deep chemical expertise with sustainable material solutions, holding a significant position in the European and North American markets. Their dispersants are particularly valued for high-nickel cathode applications.

Innovation Highlights:

  • REACH-compliant bio-dispersant formulations

  • Low-VOC systems for environmentally sensitive applications


8️⃣ 3. Kao Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Performance Battery Additives

Kao’s dispersant technology enables superior nanoparticle dispersion, contributing to its strong foothold in the Asian battery market. The company focuses on formulation stability under extreme operating conditions.

Innovation Highlights:

  • Dispersants for silicon-rich anode formulations

  • Temperature-resistant additives for tropical climate batteries


7️⃣ 4. Ashland

Headquarters: Wilmington, Delaware, USA
Key Offering: Next-Gen Lignosulfonate Dispersants

Ashland’s 2023 launch of a novel lignosulfonate dispersant demonstrates its commitment to innovative solutions that improve conductivity while reducing viscosity by up to 30% compared to conventional products.

Innovation Highlights:

  • Patent-pending rheology modifiers

  • Dispersants compatible with dry electrode processing

Download FREE Sample Report:
Dispersant for Conductive Agent Market – View in Detailed Research Report


6️⃣ 5. TOYOCOLOR

Headquarters: Tokyo, Japan
Key Offering: Application-Specific Dispersant Systems

TOYOCOLOR differentiates itself through customized dispersant solutions for various battery chemistries and manufacturing processes. The company has strong partnerships with Japanese and Korean battery manufacturers.

Innovation Highlights:

  • High-shear stable formulations

  • Surface-modified conductive agent compatibility


5️⃣ 6. Borregaard

Headquarters: Sarpsborg, Norway
Key Offering: Sustainable Lignin-Based Dispersants

Borregaard leads in eco-friendly dispersant solutions, leveraging its expertise in lignin chemistry. The company is expanding its Asian manufacturing presence to serve China’s booming battery market.

Innovation Highlights:

  • Biodegradable dispersant systems

  • Circular economy-compatible formulations


4️⃣ 7. Lubrizol

Headquarters: Wickliffe, Ohio, USA
Key Offering: Process-Optimized Dispersant Solutions

Lubrizol combines dispersant chemistry with application expertise, offering integrated solutions that address both formulation and manufacturing challenges in battery production.

Innovation Highlights:

  • Energy-reducing mixing aids

  • High-speed coating compatible additives


3️⃣ 8. Solvay

Headquarters: Brussels, Belgium
Key Offering: Specialty Polymer Dispersants

Solvay’s dispersant portfolio serves the entire spectrum of battery applications, from consumer electronics to grid-scale energy storage systems. The company is particularly strong in European markets.

Innovation Highlights:

  • Multi-functional additive systems

  • High-purity formulations for premium applications


2️⃣ 9. BASF

Headquarters: Ludwigshafen, Germany
Key Offering: Comprehensive Battery Material Solutions

BASF integrates dispersant technology into its broader battery material offerings, providing synergistic benefits for cathode and anode formulations. The company is investing heavily in next-generation battery material R&D.

Innovation Highlights:

  • Solid-state battery compatible dispersants

  • High-elasticity formulations for silicon anodes


1️⃣ 10. King Industries

Headquarters: Norwalk, Connecticut, USA
Key Offering: Specialty Additive Packages

King Industries rounds out the top 10 with its unique additive combinations that deliver both dispersion and secondary functional benefits in battery applications.

Innovation Highlights:

  • Multi-functional additive systems

  • Corrosion-inhibiting dispersants

Get Full Report Here:
Dispersant for Conductive Agent Market – View in Detailed Research Report


🔋 Outlook: The Future of Battery Dispersant Technology

The dispersant for conductive agent market is undergoing rapid transformation as battery technologies evolve. Traditional formulations are being challenged by emerging requirements from next-generation battery architectures and sustainable material initiatives.

📈 Key Trends Shaping the Market:

  • Accelerated adoption of high-nickel and silicon anode chemistries

  • Stringent environmental regulations driving bio-based dispersant development

  • Manufacturing process innovations requiring specialized rheology properties

  • Supply chain regionalization creating local formulation needs

Get Full Report Here:
Dispersant for Conductive Agent Market – View in Detailed Research Report

The companies profiled above are not only enabling current battery performance—they’re developing the material science foundations for the next generation of energy storage solutions.