The Global Lithium-ion Batteries Ethylene Carbonate Solvent Market was valued at USD 1.25 Billion in 2024 and is projected to reach USD 2.18 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period (2024–2030). This robust growth is fueled by the explosive demand for lithium-ion batteries across electric vehicles, consumer electronics, and grid storage, with ethylene carbonate serving as a critical high-purity solvent for battery electrolytes.

As the global energy storage landscape shifts towards electrification and sustainability, the role of high-performance battery components has never been more critical. In this blog, we profile the Top 10 Companies in the Lithium-ion Batteries Ethylene Carbonate Solvent Industry—a group of chemical giants and specialty producers shaping the future of advanced battery technology.

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Lithium-ion Batteries Ethylene Carbonate Solvent Market – View in Detailed Research Report

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity Ethylene Carbonate, Battery Electrolyte Solutions

BASF is a global leader in the chemical industry and a major supplier of high-purity ethylene carbonate for lithium-ion battery electrolytes. Their extensive R&D focuses on developing next-generation solvent formulations that enhance battery performance, safety, and lifecycle.

Innovation Initiatives:

• Investment in advanced electrolyte formulations for fast-charging applications

• Strategic partnerships with leading battery manufacturers and automotive OEMs

• Commitment to sustainable production processes and circular economy principles

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Lithium-ion Batteries Ethylene Carbonate Solvent Market – View in Detailed Research Report

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9️⃣ 2. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Purity Grade Ethylene Carbonate, Specialty Chemicals

Mitsubishi Chemical is a key player in the high-purity ethylene carbonate market, supplying essential materials for the electrolyte solutions used in EVs and energy storage systems. The company leverages its strong position in the Asian market and its technological expertise in chemical synthesis.

Innovation Initiatives:

• Development of ultra-high-purity solvents for next-generation battery chemistries

• Expansion of production capacity to meet growing EV battery demand

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8️⃣ 3. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Ethylene Carbonate, Performance Products

Huntsman Corporation produces ethylene carbonate used in various applications, including lithium-ion battery electrolytes. Their performance chemicals segment serves a global clientele, with a focus on quality and supply chain reliability for the energy storage sector.

Innovation Initiatives:

• Focus on product consistency and purity for stringent battery-grade specifications

• Integration of renewable feedstocks into chemical production processes

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7️⃣ 4. New Japan Chemical Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: High-Purity Ethylene Carbonate, Fine Chemicals

New Japan Chemical is a specialized manufacturer of fine chemicals, including high-purity ethylene carbonate for the electronics and battery industries. The company is known for its rigorous quality control and expertise in cyclic carbonate chemistry.

Innovation Initiatives:

• Specialization in high-value, niche chemical products for advanced applications

• Ongoing R&D to improve solvent properties for enhanced battery performance

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Lithium-ion Batteries Ethylene Carbonate Solvent Market – View in Detailed Research Report

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6️⃣ 5. TOAGOSEI CO., LTD.

Headquarters: Tokyo, Japan
Key Offering: Epoxy Resins, Ethylene Carbonate, Functional Chemicals

TOAGOSEI produces ethylene carbonate as part of its diverse portfolio of functional chemicals. The company supplies the battery industry with solvents that are critical for formulating electrolytes with high ionic conductivity and thermal stability.

Innovation Initiatives:

• Leveraging epoxy and carbonate chemistry expertise for battery materials

• Collaboration with Japanese battery makers to tailor solvent specifications

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5️⃣ 6. Shandong Shida Shenghua Chemical Group Co., Ltd.

Headquarters: Shandong, China
Key Offering: Ethylene Carbonate, Propylene Carbonate, Battery Materials

As a major Chinese producer, Shandong Shida Shenghua Chemical plays a significant role in the regional supply of ethylene carbonate. The company benefits from the rapid expansion of China’s EV and battery manufacturing sectors, providing cost-competitive materials.

Innovation Initiatives:

• Rapid scaling of production capacity to serve domestic battery gigafactories

• Focus on improving production efficiency and reducing environmental impact

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4️⃣ 7. Lixing Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: Industrial and Battery-Grade Ethylene Carbonate

Lixing Chemical is a prominent Chinese manufacturer of ethylene carbonate, catering to both domestic and international markets. The company supplies solvents essential for the electrolyte formulations used in a wide range of lithium-ion battery applications.

Innovation Initiatives:

• Expansion of high-purity production lines for the battery sector

• Strategic positioning within China’s extensive battery supply chain ecosystem

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3️⃣ 8. Zhongke Hongye Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: Ethylene Carbonate, Propylene Carbonate, Chemical Intermediates

Zhongke Hongye is a key supplier in the Asian market, producing ethylene carbonate used primarily in lithium battery electrolytes. The company’s growth is closely tied to the booming energy storage and electric vehicle industries in the region.

Innovation Initiatives:

• Investment in purification technologies to meet evolving battery standards

• Development of integrated production processes for carbonate solvents

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2️⃣ 9. Haike Chemical Group

Headquarters: Dongying, Shandong, China
Key Offering: Ethylene Carbonate, Downstream Chemical Products

Haike Chemical Group is a significant producer of ethylene carbonate, serving the growing demands of the新能源 (new energy) sector in China. The company’s products are integral to the electrolyte solutions powering modern electronics and transportation.

Innovation Initiatives:

• Capacity expansions aligned with national goals for EV adoption

• Focus on supply chain resilience and raw material sourcing

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1️⃣ 10. Hengyang New Energy Co., Ltd.

Headquarters: Hengyang, Hunan, China
Key Offering: Battery-Grade Solvents, Electrolyte Additives

Hengyang New Energy specializes in materials for the lithium-ion battery industry, including high-purity ethylene carbonate. The company focuses on serving the specific needs of electrolyte manufacturers with consistent, high-quality products.

Innovation Initiatives:

• Specialization in the battery materials value chain

• R&D into solvent blends that improve low-temperature performance and battery safety

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Lithium-ion Batteries Ethylene Carbonate Solvent Market – View in Detailed Research Report

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🔋 Outlook: The Future of Battery Electrolyte Solvents Is High-Performance and Sustainable

The lithium-ion battery ethylene carbonate solvent market is at the heart of the clean energy transition. While current solvent systems are well-established, the industry is actively researching novel formulations, improved purification methods, and sustainable production pathways to support next-generation batteries.

📈 Key Trends Shaping the Market:

• Rising demand for high-purity grades (>99.9%) to ensure battery longevity and safety

• Development of fluorinated carbonate solvents for high-voltage battery systems

• Integration of bio-based or recycled carbon sources for greener solvent production

• Strategic partnerships between chemical companies and battery cell manufacturers to co-develop tailor-made electrolyte solutions

Get Full Report Here:
Lithium-ion Batteries Ethylene Carbonate Solvent Market – View in Detailed Research Report

The companies profiled above are not merely supplying a chemical commodity; they are providing the essential building blocks for the electrified future, empowering advancements in energy storage that are crucial for a sustainable world.