The Southeast Asia Electrolyte for Rechargeable Magnesium Battery Market was valued at USD 42.8 Million in 2023 and is projected to reach USD 89.3 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period (2023–2030). This growth is being driven by the region’s push for renewable energy adoption, increasing demand for electric vehicles, and the growing focus on advanced, sustainable battery technologies that offer higher energy density and improved safety over traditional lithium-ion systems.

As Southeast Asia accelerates its transition toward clean energy and electrification, the spotlight is on the key electrolyte suppliers who are driving innovation, efficiency, and electrochemical performance for next-generation energy storage. In this blog, we profile the Top 10 Companies in the Southeast Asia Electrolyte for Rechargeable Magnesium Battery Industry—a mix of multinational chemical giants, specialized manufacturers, and regional pioneers shaping the future of magnesium-based power solutions.

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🔟 1. Samsung SDI

Headquarters: Seoul, South Korea
Key Offering: Advanced magnesium electrolytes for high-performance batteries

Samsung SDI is leveraging its extensive experience in battery technology to develop next-generation magnesium electrolytes. The company focuses on creating formulations that enhance ionic conductivity, suppress dendrite formation, and improve cycle life, making magnesium batteries more commercially viable for a wide range of applications.

Innovation Initiatives:

• Development of novel magnesium salts with improved electrochemical stability

• Development of hybrid electrolyte systems for improved performance

• Strategic partnerships with automotive manufacturers for EV integration

Download FREE Sample Report:
Southeast Asia Electrolyte for Rechargeable Magnesium Battery Market – View in Detailed Research Report

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9️⃣ 2. LG Chem

Headquarters: Seoul, South Korea
Key Offering: Magnesium bis(trifluoromethanesulfonyl)imide (Mg(TFSI)2-based electrolytes

LG Chem is developing advanced magnesium ion battery electrolytes to complement its extensive EV battery portfolio. The company is advancing formulations that address key challenges in magnesium electrochemistry, particularly high oxidative stability and compatibility with high-voltage cathodes.

Innovation Initiatives:

• Research into non-nucleophilic electrolytes for magnesium plating

• Development of solid-state magnesium electrolytes for enhanced safety

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8️⃣ 3. Solidion Technology Inc.

Headquarters: Singapore
Key Offering: Triflylimide-based magnesium electrolytes, Boron-based magnesium electrolytes

As a regional leader based in Singapore, Solidion Technology focuses on developing high-performance solid electrolytes for magnesium batteries. Their proprietary technology enables safer, high-energy-density batteries suitable for automotive and grid storage applications.

Innovation Initiatives:

• Development of solid polymer electrolytes for magnesium-ion conduction

• Advanced ceramic electrolytes for high-temperature magnesium battery applications

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7️⃣ 4. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Custom magnesium electrolyte formulations for specific applications

Mitsubishi Chemical brings its extensive chemical expertise to magnesium battery electrolyte development. The company is working on formulations that can operate effectively across Southeast Asia’s diverse climate conditions.

Innovation Initiatives:

• Development of high-voltage stable magnesium electrolytes

• Development of halogen-free magnesium electrolytes for enhanced safety

Download FREE Sample Report:
Southeast Asia Electrolyte for Rechargeable Magnesium Battery Market – View in Detailed Research Report

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6️⃣ 5. Pellion Technologies

Headquarters: Cambridge, Massachusetts, USA
Key Offering: Magnesium organohaloaluminate electrolytes

Pellion Technologies specializes in developing advanced magnesium battery electrolytes with a focus on overcoming the limitations of conventional systems. Their research targets enhanced magnesium-ion mobility and interface stability.

Innovation Initiatives:

• Development of magnesium-ion conducting ionic liquids

• Development of non-corrosive magnesium electrolytes for extended battery life

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5️⃣ 6. Faradion Limited

Headquarters: Sheffield, United Kingdom
Key Offering: Advanced magnesium salt electrolytes for next-generation batteries

Faradion Limited is advancing magnesium battery technology through innovative electrolyte formulations that enable reversible magnesium deposition and stripping at high efficiencies.

Innovation Initiatives:

• Development of electrolyte additives for improved magnesium battery performance

• Strategic research partnerships with Southeast Asian academic institutions

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4️⃣ 7. Hydro-Quebec

Headquarters: Montreal, Canada
Key Offering: Magnesium borohydride-based electrolytes

Hydro-Quebec’s research institute is developing advanced magnesium electrolyte systems with a focus on sustainability and performance. The company’s research in magnesium electrochemistry spans several decades.

Innovation Initiatives:

• Development of magnesium-sulfur battery compatible electrolytes

• Development of non-flammable magnesium electrolytes for enhanced safety

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3️⃣ 8. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Fluorinated magnesium electrolytes, Custom electrolyte formulations

Solvay brings its specialty chemical expertise to magnesium battery electrolyte development. The company focuses on creating formulations that offer improved thermal stability and safety characteristics.

Innovation Initiatives:

• Development of high-purity magnesium salts for battery applications

• Research into novel magnesium electrolyte solvents and additives

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2️⃣ 9. Toyota Tsusho Corporation

Headquarters: Nagoya, Japan
Key Offering: Magnesium perchlorate-based electrolytes, Tetrahydrofuran-based magnesium electrolytes

Toyota Tsusho integrates its extensive materials distribution network with electrolyte development. The company focuses on creating scalable magnesium electrolyte formulations suitable for mass production.

Innovation Initiatives:

• Strategic partnerships with Japanese automotive manufacturers

• Development of magnesium electrolyte formulations for automotive applications

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1️⃣ 10. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Custom magnesium electrolyte solutions for specific customer requirements

BASF is developing next-generation magnesium electrolytes as part of its broader battery materials portfolio. The company focuses on formulations that enable high-rate capability and long cycle life.

Innovation Initiatives:

• Development of magnesium electrolyte formulations with enhanced thermal stability

• Research into novel magnesium salts with improved electrochemical properties

Get Full Report Here:
Southeast Asia Electrolyte for Rechargeable Magnesium Battery Market – View in Detailed Research Report

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🌍 Outlook: The Future of Magnesium Battery Electrolytes in Southeast Asia

The Southeast Asia electrolyte for rechargeable magnesium battery market is undergoing a transformation, driven by the need for safer, higher-energy-density, and more sustainable battery technologies.

📈 Key Trends Shaping the Market:

• Rising demand for energy storage systems across Indonesia, Malaysia, Thailand, and Vietnam

• Growing emphasis on domestic battery supply chain development in the region

• Increased research and development activities in magnesium electrochemistry

• Strategic partnerships between international chemical companies and regional research institutions

• Development of electrolyte systems compatible with abundant and low-cost cathode materials

Get Full Report Here:
Southeast Asia Electrolyte for Rechargeable Magnesium Battery Market – View in Detailed Research Report

The companies listed above are not only developing advanced battery technologies—they’re spearheading the sustainable energy transition across Southeast Asia.