The Global Ethylene Carbonate (EC) Market was valued at US$ 296.7 Million in 2022 and is projected to reach US$ 506.2 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period (2023–2029). This robust growth is fueled by the surging demand for lithium-ion batteries, the expansion of the polycarbonate industry, and the increasing adoption of high-performance intermediates and agents across various sectors.

As the global push for electrification and sustainable materials intensifies, Ethylene Carbonate has emerged as a critical component, primarily serving as a high-purity solvent in battery electrolytes. In this blog, we profile the Top 10 Companies in the Ethylene Carbonate Industry—a mix of chemical giants, specialized producers, and regional leaders shaping the supply chain for this essential chemical.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-Purity Battery Grade EC, Industrial Grade EC

BASF is a global leader in the chemical industry and a major supplier of high-purity Ethylene Carbonate, particularly for the lithium-ion battery sector. Their products are critical for electrolytes in electric vehicle batteries and energy storage systems, backed by extensive R&D and a robust global production network.

Innovation and Expansion Initiatives:

• Significant investment in battery materials production capacity in Europe and Asia
• Development of advanced electrolyte formulations for next-generation batteries
• Strong focus on sustainability and circular economy principles in chemical production

Download FREE Sample Report: Ethylene Carbonate (EC) Market – View in Detailed Research Report

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9️⃣ 2. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Battery Grade EC, Industrial Grade EC for Polycarbonate Diols

Mitsubishi Chemical is a key player in the Asian EC market, offering high-quality products for both electrolyte and polymer applications. The company leverages its integrated chemical production capabilities to ensure a stable supply chain for global customers.

Innovation and Expansion Initiatives:

• Expansion of battery materials portfolio to support the electric vehicle revolution
• Strategic partnerships with automotive and battery manufacturers
• Continuous improvement in production efficiency and product purity

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8️⃣ 3. TOAGOSEI CO., LTD.

Headquarters: Tokyo, Japan
Key Offering: High-Purity EC, Specialty Carbonates

TOAGOSEI is a prominent Japanese chemical company with a strong presence in the carbonate esters market. Their Ethylene Carbonate is known for its high quality and consistency, catering to demanding applications in electronics and advanced materials.

Innovation and Expansion Initiatives:

• Focus on developing ultra-high-purity grades for the semiconductor industry
• Investment in R&D for new applications of carbonate esters
• Commitment to environmentally friendly production processes

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7️⃣ 4. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: JEFFSOL® Ethylene Carbonate, Specialty Chemicals

Huntsman is a leading global manufacturer of differentiated chemicals, including its JEFFSOL brand of Ethylene Carbonate. The company serves a diverse range of industries, from plastics and textiles to energy storage, with a focus on performance and reliability.

Innovation and Expansion Initiatives:

• Application development for polyurethane and polycarbonate industries
• Supply chain optimization to meet growing North American and European demand
• Sustainability-driven product innovation

Download FREE Sample Report: Ethylene Carbonate (EC) Market – View in Detailed Research Report

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6️⃣ 5. Oriental Union Chemical Corporation (OUCC)

Headquarters: Taipei, Taiwan
Key Offering: Industrial and Battery Grade EC

OUCC is a major producer of Ethylene Carbonate in East Asia, with significant production capacity. The company is strategically positioned to supply the booming battery market in China and across the region, alongside traditional industrial customers.

Innovation and Expansion Initiatives:

• Capacity expansion projects to capitalize on Asian market growth
• Focus on cost-competitive production for mass-market applications
• Strengthening distribution networks throughout Southeast Asia

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

Headquarters: Shandong, China
Key Offering: Battery Grade EC, Industrial Grade EC

As one of China’s leading producers, Shandong Shida Shenghua plays a pivotal role in the global EC supply chain. The company benefits from proximity to raw materials and the world’s largest battery production base, making it a key supplier for domestic and international markets.

Innovation and Expansion Initiatives:

• Rapid scaling of production to meet explosive demand from the EV sector
• Vertical integration with upstream ethylene oxide production
• Investment in quality control to meet international battery manufacturer standards

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4️⃣ 7. Lixing Chemical Co., Ltd.

Headquarters: Taixing, Jiangsu, China
Key Offering: Ethylene Carbonate, Propylene Carbonate

Lixing Chemical is a significant Chinese manufacturer specializing in carbonate esters. The company has established a strong reputation for supplying both domestic and export markets with reliable quality EC for various industrial applications.

Innovation and Expansion Initiatives:

• Continuous process optimization to enhance product yield and purity
• Expansion into downstream specialty chemical segments
• Building long-term partnerships with global chemical distributors

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3️⃣ 8. Zhongke Hongye Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: High-Purity EC for Lithium Batteries

Zhongke Hongye is a specialized producer focusing on high-purity Ethylene Carbonate for the electrolyte market. The company has carved a niche by serving the demanding requirements of China’s vast lithium-ion battery industry.

Innovation and Expansion Initiatives:

• Specialization in ultra-high-purity products for premium battery applications
• Technical collaboration with leading battery research institutions
• Agile production adjustments to meet fluctuating market demands

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2️⃣ 9. Haike Chemical Group

Headquarters: Dongying, Shandong, China
Key Offering: Industrial Grade EC, Battery Grade EC

Haike Chemical is a major integrated chemical producer in China with substantial Ethylene Carbonate capacity. The company’s strength lies in its large-scale production capabilities and competitive positioning in the Asian market.

Innovation and Expansion Initiatives:

• Leveraging economies of scale to maintain cost leadership
• Diversification into related fine chemical products
• Expanding international sales footprint beyond Asia

Download FREE Sample Report: Ethylene Carbonate (EC) Market – View in Detailed Research Report

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1️⃣ 10. Hengyang New Energy Co., Ltd.

Headquarters: Hengyang, Hunan, China
Key Offering: Battery Grade EC, Electrolyte Solutions

Hengyang New Energy specializes in materials for the new energy sector, with a strong focus on Ethylene Carbonate for lithium-ion battery electrolytes. The company is strategically focused on serving the rapidly growing energy storage and electric vehicle markets.

Innovation and Expansion Initiatives:

• Focus on the entire electrolyte value chain, from raw materials to formulations
• Targeted R&D for improving battery performance and safety
• Strategic location near major battery production hubs in China

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🌍 Outlook: The Future of Ethylene Carbonate is Electrified and Sustainable

The Ethylene Carbonate market is undergoing a profound transformation. While traditional industrial applications remain important, the industry’s growth trajectory is now dominated by the clean energy transition. The shift toward electrification is creating unprecedented demand, driving innovation in production technologies and supply chain logistics.

📈 Key Trends Shaping the Market:

• Exponential growth in lithium-ion battery production for EVs and energy storage
• Increasing stringency in purity requirements for battery-grade EC
• Geographical shift in production capacity toward Asia, particularly China
• Development of bio-based and green routes for EC production

Get Full Report Here: Ethylene Carbonate (EC) Market – View in Detailed Research Report

The companies listed above are not only supplying a critical chemical intermediate—they’re enabling the global transition to cleaner energy and advanced materials.