The Global Electrolytic Solution for Lithium Iron Battery Market was valued at USD 8.2 Billion in 2024 and is projected to reach USD 18.5 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period (2024–2030). This robust growth is fueled by the exponential expansion of the electric vehicle (EV) industry, the global push for renewable energy integration requiring large-scale power storage, and continuous advancements in battery chemistry aimed at enhancing safety and performance.

As the world shifts towards electrification and sustainable energy, the electrolytic solution—the vital component enabling ion transfer within a lithium iron phosphate (LiFePO4) battery—has become a critical focus for innovation. This blog profiles the Top 10 Companies in the Electrolytic Solution for Lithium Iron Battery Industry, highlighting the key players driving formulation advancements, supply chain resilience, and the next generation of high-performance energy storage.

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🔟 1. Shenzhen Capchem Technology Co., Ltd.

Headquarters: Shenzhen, Guangdong, China
Key Offering: High-voltage electrolytes, Functional additives, Customized electrolyte solutions for LiFePO4 batteries

Shenzhen Capchem is a leading global supplier of specialty chemicals, with a dominant position in the battery electrolyte market. The company provides comprehensive electrolyte solutions tailored for the specific requirements of lithium iron phosphate chemistry, focusing on thermal stability and cycle life. Its extensive R&D efforts are concentrated on developing formulations that operate efficiently across a wide temperature range.

Innovation & Market Strategy:

• Strong R&D focus on high-safety electrolyte systems

• Strategic partnerships with major battery manufacturers like CATL and BYD

• Global production capacity expansion in China and Europe

Download FREE Sample Report: Electrolytic Solution for Lithium Iron Battery Market – View in Detailed Research Report

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9️⃣ 2. Guangzhou Tinci Materials Technology Co., Ltd.

Headquarters: Guangzhou, Guangdong, China
Key Offering: Lithium-ion battery electrolytes, Lithium hexafluorophosphate (LiPF6), Additive packages

Tinci Materials is a key player in the electrolyte and lithium salt markets. The company is vertically integrated, producing its own LiPF6, which is a critical raw material for electrolytes, giving it a significant cost and supply chain advantage. Its electrolytes are widely used in LiFePO4 batteries for electric buses, energy storage systems, and consumer electronics.

Innovation & Market Strategy:

• Vertical integration from lithium salts to final electrolyte formulations

• Leading supplier to the Chinese EV and ESS markets

• Continuous investment in new additive technologies to improve battery longevity

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8️⃣ 3. Zhangjiagang Guotai-Huarong Chemical New Material Co., Ltd.

Headquarters: Suzhou, Jiangsu, China
Key Offering: Electrolyte solutions, Solvents (EC, DMC, EMC), Electrolyte additives

As part of the Jiangsu Guotai International Group, Guotai-Huarong is one of the world’s largest electrolyte manufacturers. The company boasts massive production capacity and a comprehensive product portfolio that serves the entire spectrum of lithium-ion batteries, with specialized solutions optimizing the performance of lithium iron phosphate systems.

Innovation & Market Strategy:

• One of the largest production capacities for electrolytes globally

• Strong focus on cost-effective manufacturing and scale

• Global customer base spanning Asia, Europe, and North America

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7️⃣ 4. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: High-performance electrolytes, Specialty additives, Fluorinated electrolytes

Mitsubishi Chemical brings its advanced chemical engineering expertise to the battery materials sector. The company develops high-performance electrolyte formulations that enhance the safety and energy density of LiFePO4 batteries. Its focus on fluorinated compounds and proprietary additives addresses key challenges like high-temperature performance and cycle life degradation.

Innovation & Market Strategy:

• Development of advanced fluorinated electrolytes for improved safety

• Targeting high-end applications in automotive and industrial energy storage

• Collaborations with Japanese and global automotive OEMs

Download FREE Sample Report: Electrolytic Solution for Lithium Iron Battery Market – View in Detailed Research Report

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6️⃣ 5. UBE Corporation

Headquarters: Tokyo, Japan
Key Offering: Electrolyte solutions, Lithium salts, Specialty chemicals

UBE Corporation is a diversified chemical company with a strong presence in the battery materials market. It produces a range of high-purity electrolytes and is also a significant manufacturer of lithium salts. UBE’s electrolytes are known for their high quality and consistency, making them a preferred choice for battery makers requiring reliable performance for power storage applications.

Innovation & Market Strategy:

• Integrated production of electrolytes and key raw materials

• Strong emphasis on product quality and batch-to-batch consistency

• Expanding footprint to support global battery gigafactories

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5️⃣ 6. Soulbrain Co., Ltd.

Headquarters: Gyeonggi-do, South Korea
Key Offering: Electrolytes for Li-ion batteries, High-purity chemicals, Wet chemicals for semiconductors

Soulbrain is a leading South Korean supplier of high-purity chemicals, including electrolytes for the battery industry. The company works closely with major Korean battery giants like LG Energy Solution, Samsung SDI, and SK On. Its technical expertise lies in formulating electrolytes that maximize the cycle life and safety of LiFePO4 batteries used in stationary storage.

Innovation & Market Strategy:

• Close-knit partnerships with leading South Korean battery cell manufacturers

• Investment in R&D for next-generation solid-state battery electrolytes

• Expansion of production facilities in the United States to serve the North American market

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4️⃣ 7. BASF SE (BASF e-mobility)

Headquarters: Ludwigshafen, Germany
Key Offering: Customized electrolyte formulations, Additive packages, Cathode active materials

BASF, a global chemical powerhouse, leverages its vast R&D capabilities to develop advanced battery materials. Through its e-mobility segment, BASF offers innovative electrolyte solutions and additive packages that improve the performance and lifespan of lithium iron phosphate batteries. The company is actively developing more sustainable and efficient electrolyte systems.

Innovation & Market Strategy:

• Global R&D network focused on battery material innovation

• Development of “dry” electrolyte processes to reduce manufacturing energy consumption

• Strategic focus on the European and North American EV markets

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3️⃣ 8. Shanshan Technology Co., Ltd.

Headquarters: Ningbo, Zhejiang, China
Key Offering: Anode materials, Electrolyte solutions, Battery components

Shanshan Tech is a comprehensive supplier of lithium battery materials, including负极 materials and electrolytes. The company’s electrolyte division develops formulations that complement its anode products, offering synergistic benefits for battery performance. It is a significant player in the Chinese market, supplying a broad base of battery manufacturers.

Innovation & Market Strategy:

• Integrated portfolio of anode and electrolyte materials

• Focus on cost-competitive solutions for the mass market

• Rapid scaling of production to meet domestic and international demand

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2️⃣ 9. NOHMs Technologies, Inc.

Headquarters: Rochester, New York, USA
Key Offering: Ionic liquid-based electrolytes, Non-flammable electrolyte systems

NOHMs Technologies is a pioneer in developing innovative, non-flammable electrolytes based on ionic liquids. This technology addresses the critical safety concerns associated with traditional organic solvent-based electrolytes, making it particularly attractive for large-scale energy storage systems and safety-sensitive EV applications using LiFePO4 chemistry.

Innovation & Market Strategy:

• Proprietary ionic liquid electrolyte technology for enhanced safety

• Focus on solving thermal runaway challenges in lithium batteries

• Targeting partnerships with ESS integrators and automotive OEMs prioritizing safety

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1️⃣ 10. Targray Technology International Inc.

Headquarters: Kirkland, Quebec, Canada
Key Offering: Electrolyte distribution, Battery raw materials, Supply chain solutions

Targray operates as a global supplier and distributor of advanced materials for the battery industry. While not primarily a manufacturer, it plays a crucial role in the supply chain by sourcing and distributing high-quality electrolytes from various producers to battery manufacturers worldwide. This provides customers with flexibility and access to a diverse range of products.

Innovation & Market Strategy:

• Global logistics and supply chain expertise for battery materials

• Provides multi-sourcing options for electrolytes and additives

• Serves as a key intermediary between Asian producers and Western battery makers

Read Full Report: Electrolytic Solution for Lithium Iron Battery Market – View in Detailed Research Report

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🔋 Outlook: The Future of Electrolytic Solutions is Smarter and Safer

The electrolytic solution market for lithium iron batteries is at a pivotal point. While current formulations effectively support today’s applications, the industry is aggressively innovating to meet the demands of next-generation batteries requiring higher energy density, ultra-fast charging, and absolute safety.

📈 Key Trends Shaping the Market:

• Development of high-voltage electrolytes to maximize the operating window of LiFePO4 cells

• Rising adoption of functional additives for cathode protection and SEI stabilization

• Intensifying R&D into solid-state and semi-solid electrolytes for enhanced safety profiles

• Growing demand for localized supply chains in North America and Europe to reduce geopolitical risks

The companies profiled are not merely supplying a chemical component; they are enabling the global energy transition by providing the essential lifeblood for safer, more efficient, and longer-lasting energy storage solutions.

Read Full Report: Electrolytic Solution for Lithium Iron Battery Market – View in Detailed Research Report