The Global Vinylethylene Carbonate (VEC) Market was valued at USD 65.8 Million in 2023 and is projected to reach USD 112.3 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 9.1% during the forecast period. This significant growth is primarily driven by the explosive expansion of the global electric vehicle (EV) market, increasing demand for high-performance lithium-ion batteries, and the relentless pursuit of longer battery life and enhanced safety standards in consumer electronics and energy storage systems.

As the world accelerates its transition to clean energy and electrified transportation, VEC has emerged as a critical electrolyte additive that substantially improves the performance and longevity of lithium-ion batteries. In this blog, we profile the Top 10 Companies in the Vinylethylene Carbonate (VEC) Industry—a group of specialized chemical manufacturers and innovators who are powering the next generation of energy storage solutions.

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Global Vinylethylene Carbonate (VEC) Market – View in Detailed Research Report

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity VEC (>99.9%), Custom Electrolyte Formulations

BASF is a global leader in the chemical industry and a key supplier of advanced battery materials, including high-purity Vinylethylene Carbonate. The company’s VEC products are instrumental in forming stable solid electrolyte interphase (SEI) layers on graphite anodes, which is crucial for enhancing the cycle life and safety of lithium-ion batteries used in electric vehicles and grid storage.

Innovation & Development Initiatives:

• Investment in next-generation electrolyte additive research and development

• Strategic partnerships with leading EV manufacturers and battery cell producers

• Expansion of production capacity in Asia and Europe to meet growing demand

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9️⃣ 2. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: VEC (Purity ≥99.5% and ≥99.9%), Specialty Carbonates

Mitsubishi Chemical Corporation is a major player in the high-performance chemicals sector, with a strong focus on materials for energy storage. The company produces high-quality VEC that is essential for improving the performance characteristics of lithium-ion batteries, particularly in demanding applications such as automotive and industrial energy storage.

Innovation & Development Initiatives:

• Development of proprietary VEC synthesis technologies for superior product quality

• Focus on sustainable production processes and supply chain optimization

Download FREE Sample Report:
Global Vinylethylene Carbonate (VEC) Market – View in Detailed Research Report

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8️⃣ 3. UBE Corporation

Headquarters: Tokyo, Japan
Key Offering: VEC, Various Alkylene Carbonates, Battery Electrolyte Solutions

UBE Corporation has a long-standing reputation in the chemical industry and is a significant supplier of carbonate products, including Vinylethylene Carbonate. The company’s expertise in organic synthesis and electrochemical materials makes it a trusted partner for battery manufacturers seeking to enhance the performance and safety of their energy storage products.

Innovation & Development Initiatives:

• Continuous improvement of VEC purity and consistency for battery applications

• Collaboration with research institutions on novel electrolyte formulations

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7️⃣ 4. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Specialty Chemicals including VEC, Performance Products

Huntsman Corporation’s advanced materials division supplies high-purity VEC to the global battery market. The company’s strong R&D capabilities and global distribution network position it as a key enabler for the advancement of lithium-ion battery technology across multiple industries, from automotive to consumer electronics.

Innovation & Development Initiatives:

• Development of tailored VEC solutions for specific battery chemistries

• Expansion of specialty chemicals portfolio to support the energy transition

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6️⃣ 5. Zhangjiagang Hicomer Chemical Co., Ltd.

Headquarters: Suzhou, Jiangsu, China
Key Offering: VEC, Vinyl Carbonate, Other Electrolyte Additives

As a specialized chemical manufacturer in China, Zhangjiagang Hicomer Chemical has established itself as a significant producer of Vinylethylene Carbonate. The company benefits from its proximity to the world’s largest battery manufacturing hub and serves both domestic and international markets with high-quality electrolyte additives.

Innovation & Development Initiatives:

• Focus on cost-effective production while maintaining high purity standards

• Expansion of production capabilities to meet growing Asian market demand

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5️⃣ 6. Lixing Chemistry

Headquarters: Taizhou, Zhejiang, China
Key Offering: High-Purity VEC, Lithium Battery Electrolyte Additives

Lixing Chemistry is a Chinese chemical company specializing in materials for the battery industry. The company produces VEC that meets the stringent requirements of major battery manufacturers, contributing to improved battery performance and reliability in various applications from electric vehicles to energy storage systems.

Innovation & Development Initiatives:

• Investment in production technology to enhance product quality and yield

• Development of complementary additive products for comprehensive electrolyte solutions

Download FREE Sample Report:
Global Vinylethylene Carbonate (VEC) Market – View in Detailed Research Report

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4️⃣ 7. Foosin Technology

Headquarters: Ningde, Fujian, China
Key Offering: VEC, FEC (Fluoroethylene Carbonate), Electrolyte Salts

Foosin Technology is a specialized manufacturer of lithium battery materials, including high-purity Vinylethylene Carbonate. The company’s strategic location in a major battery production region and its focus on quality control make it an important supplier to the rapidly expanding Asian battery market.

Innovation & Development Initiatives:

• Vertical integration in battery material production

• Quality assurance systems designed for the stringent requirements of battery manufacturers

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3️⃣ 8. Fujian Chuangxin Science and Technology Develops Co., Ltd.

Headquarters: Sanming, Fujian, China
Key Offering: VEC, Battery Electrolyte Additives, Fine Chemicals

Fujian Chuangxin is a recognized manufacturer of battery electrolyte additives, including Vinylethylene Carbonate. The company’s commitment to technological innovation and product quality has positioned it as a reliable supplier in the competitive battery materials market.

Innovation & Development Initiatives:

• Continuous R&D efforts to improve VEC synthesis processes

• Expansion of product portfolio to address evolving battery technology needs

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2️⃣ 9. Broahony (Shanghai) Chemical Technology Co., Ltd.

Headquarters: Shanghai, China
Key Offering: High-Purity VEC, Specialty Chemicals for Energy Storage

Broahony is a chemical technology company focused on materials for advanced energy storage applications. The company supplies high-purity VEC to battery manufacturers seeking to enhance the performance and safety characteristics of their lithium-ion cells through advanced electrolyte formulations.

Innovation & Development Initiatives:

• Technical support services for electrolyte formulation optimization

• Development of customized VEC grades for specific application requirements

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1️⃣ 10. Suzhou Huayi New Energy Materials Co., Ltd.

Headquarters: Suzhou, Jiangsu, China
Key Offering: VEC, Lithium Battery Electrolytes, New Energy Materials

Suzhou Huayi New Energy Materials is a specialized manufacturer of materials for the new energy sector, with a particular focus on lithium battery electrolytes and additives. The company’s production of high-quality VEC supports the growing demand for advanced battery materials in China’s rapidly expanding electric vehicle and energy storage markets.

Innovation & Development Initiatives:

• Investment in production capacity expansion to meet market growth

• Collaboration with battery manufacturers on next-generation electrolyte systems

Get Full Report Here:
Global Vinylethylene Carbonate (VEC) Market – View in Detailed Research Report

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🔋 Outlook: The Future of VEC Is Intertwined with Battery Innovation

The Vinylethylene Carbonate market is experiencing transformative growth as battery technology evolves to meet the demands of electrification. While VEC currently serves as a foundational additive, the industry is investing in advanced formulations and complementary additives to push the boundaries of energy density, charging speed, and battery lifespan.

📈 Key Trends Shaping the VEC Market:

• Exponential growth in electric vehicle production driving VEC demand

• Increasing requirements for high-purity VEC (>99.9%) for premium battery applications

• Development of multi-additive electrolyte systems incorporating VEC with other functional additives

• Geographic expansion of VEC production capacity, particularly in Asia

Get Full Report Here:
Global Vinylethylene Carbonate (VEC) Market – View in Detailed Research Report

The companies profiled above are not only supplying a critical battery component—they’re enabling the electrification revolution that is transforming global transportation and energy systems.