The Global Lithium-ion Batteries Ethylene Carbonate Solvent Market was valued at USD 157.32 Million in 2023 and is projected to reach USD 253.83 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.30% during the forecast period (2024–2029). This substantial growth is driven by the exponential demand for electric vehicles (EVs), grid-scale energy storage solutions, and the continuous expansion of consumer electronics, all of which rely heavily on high-performance lithium-ion batteries. At the heart of these batteries lies Ethylene Carbonate (EC) solvent, a critical component of the electrolyte that enables superior ionic conductivity and thermal stability.

As the global energy landscape pivots towards electrification and sustainability, the focus intensifies on the key chemical manufacturers who are advancing the purity, performance, and production capacity of ethylene carbonate. In this blog, we profile the Top 10 Companies in the Lithium-ion Batteries Ethylene Carbonate Solvent Industry—a group of established chemical giants and specialized producers shaping the future of battery technology.

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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. Its integrated value chain, from precursor chemicals to formulated electrolyte systems, positions it as a key partner for battery manufacturers worldwide. The company invests heavily in R&D to develop next-generation solvents that enhance battery life and safety.

Innovation and Capacity Initiatives:

• Expansion of battery materials production capacity in Europe and Asia
• Development of co-solvent systems to improve low-temperature performance
• Strong focus on sustainability and circular economy principles in material sourcing

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9️⃣ 2. Mitsubishi Chemical Corporation

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

Mitsubishi Chemical is a premier producer of high-purity ethylene carbonate, catering to the stringent requirements of the Japanese and global battery industry. The company’s expertise in carbonate chemistry and its commitment to quality control make it a preferred supplier for top-tier battery cell producers, particularly in the automotive sector.

Innovation and Capacity Initiatives:

• Proprietary purification technologies ensuring ultra-high purity levels (>99.99%)
• Strategic partnerships with automotive OEMs for custom electrolyte formulations
• Investment in bio-based routes for ethylene carbonate production

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8️⃣ 3. Huntsman Corporation

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

Huntsman is a diversified chemical company with a significant presence in the ethylene carbonate market. Its performance products segment supplies high-quality solvents to the energy storage industry, leveraging its large-scale chemical manufacturing capabilities and global distribution network.

Innovation and Capacity Initiatives:

• Focus on supply chain reliability for the North American and European battery markets
• Development of blended solvent systems for specific battery chemistries (LFP, NMC)
• Commitment to reducing the carbon footprint of its chemical processes

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

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7️⃣ 4. TOAGOSEI CO., LTD.

Headquarters: Tokyo, Japan
Key Offering: High-Purity Electrolyte Solvents, Epoxy Resins

TOAGOSEI is a Japanese chemical company with a strong focus on functional chemicals, including high-purity ethylene carbonate for lithium-ion batteries. The company’s long-standing expertise in epoxide chemistry provides a solid foundation for producing high-quality cyclic carbonates essential for modern electrolytes.

Innovation and Capacity Initiatives:

• Advanced purification processes to meet the demanding specifications of EV batteries
• Ongoing R&D into new solvent blends for next-generation solid-state batteries
• Close collaboration with Japanese battery makers to tailor products for specific applications

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6️⃣ 5. New Japan Chemical Co., Ltd.

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

New Japan Chemical is a specialized chemical manufacturer known for its high-purity products, including ethylene carbonate. The company serves the advanced materials market with a focus on quality and consistency, which are critical parameters for battery electrolyte manufacturers.

Innovation and Capacity Initiatives:

• Dedicated production lines for battery-grade solvents
• Investment in analytical capabilities to ensure product traceability and quality
• Exploration of novel synthetic pathways to improve production efficiency

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

Headquarters: Shandong, China
Key Offering: Lithium Battery Electrolyte Solvents, Carbonate Esters

Shandong Shida Shenghua is one of China’s leading producers of lithium battery electrolyte solvents. The company has rapidly scaled its production capacity to become a major supplier in the world’s largest battery manufacturing region, offering competitive prices and reliable volume supply.

Innovation and Capacity Initiatives:

• Massive capacity expansion to capitalize on the booming EV market in Asia
• Vertical integration with raw material sources to ensure cost competitiveness
• Focus on producing both general-grade and high-purity EC for different market segments

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4️⃣ 7. Lixing Chemical Co., Ltd.

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

Lixing Chemical is a significant Chinese manufacturer of carbonate solvents, with a growing footprint in the global lithium-ion battery supply chain. The company’s strategic location in Jiangsu province, a hub for chemical production, provides logistical advantages for supplying both domestic and international markets.

Innovation and Capacity Initiatives:

• Continuous process optimization to enhance product yield and purity
• Expansion of export operations to serve European and North American customers
• Investment in R&D for producing battery-grade solvents from alternative feedstocks

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

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3️⃣ 8. OUCC (Oriental Union Chemical Corporation)

Headquarters: Taipei, Taiwan
Key Offering: Ethylene Glycol, Ethylene Carbonate, Plasticizers

OUCC is a leading chemical company in Taiwan with a diversified product portfolio that includes ethylene carbonate. The company leverages its expertise in ethylene oxide derivatives to produce high-quality solvents for the electronics and energy storage industries, serving a broad customer base across Asia.

Innovation and Capacity Initiatives:

• Strategic focus on the high-growth battery materials segment
• Quality management systems aligned with international standards
• Efforts to reduce energy consumption and emissions in the production process

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2️⃣ 9. Zhongke Hongye Chemical Co., Ltd.

Headquarters: Liaoning, China
Key Offering: Battery Electrolyte Solvents, Fine Chemicals

Zhongke Hongye is a specialized chemical producer in China with a focus on materials for the new energy sector. The company has established itself as a reliable supplier of ethylene carbonate, benefiting from China’s dominant position in the global battery manufacturing ecosystem.

Innovation and Capacity Initiatives:

• Technological collaboration with research institutions to improve product quality
• Capacity expansions timed with the growth cycles of the EV industry
• Development of tailor-made solvent blends for specific cathode and anode chemistries

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1️⃣ 10. Haike Chemical Group

Headquarters: Shandong, China
Key Offering: Ethylene Carbonate, Dimethyl Carbonate, Lithium Hexafluorophosphate

Haike Chemical Group is a major integrated producer of lithium battery electrolyte materials in China. The company offers a one-stop-shop for electrolyte manufacturers, producing not only ethylene carbonate but also other critical solvents and salts, providing a significant competitive advantage.

Innovation and Capacity Initiatives:

• Full vertical integration from basic chemicals to finished electrolyte formulations
• One of the largest production bases for lithium battery electrolyte materials in China
• Strong R&D focus on improving the performance and safety characteristics of electrolytes

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Global 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 undergoing a profound transformation. While traditional production methods and applications continue to dominate, the industry is rapidly innovating to meet the demands of next-generation batteries, which require even higher purity, improved safety profiles, and more sustainable production pathways.

📈 Key Trends Shaping the Market:

• Rising demand for ultra-high-purity grades (>99.99%) to enhance battery cycle life and safety
• Development of novel solvent blends for high-voltage cathode materials and silicon-anode batteries
• Growing emphasis on green chemistry and bio-based production routes for ethylene carbonate
• Geographic diversification of production capacity to reduce supply chain risks, with new plants emerging in Europe and North America

The companies listed above are not only supplying a critical battery component—they are enabling the global transition to electrified transportation and renewable energy storage.

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