The Global Lithium Battery Electrolyte Vinyl Ethylene Carbonate Market was valued at USD 513.8 Million in 2025 and is projected to reach USD 1.21 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period (2024–2030). This robust growth is fueled by the exponential demand for high-performance lithium-ion batteries from the electric vehicle (EV), consumer electronics, and grid-scale energy storage sectors.

As the global energy landscape pivots towards electrification, the quality and performance of battery electrolytes have become a critical differentiator. Vinyl Ethylene Carbonate (VEC) is a key electrolyte additive that significantly enhances battery life, thermal stability, and safety. In this blog, we profile the Top 10 Companies in the Lithium Battery Electrolyte Vinyl Ethylene Carbonate Industry—specialty chemical producers and innovators that are foundational to the next generation of energy storage technology.

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Lithium Battery Electrolyte Vinyl Ethylene Carbonate Market – View in Detailed Research Report

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🔟 1. Fujian Bohong New Material Technology Co., Ltd.

Headquarters: Fujian, China
Key Offering: High-Purity VEC (≥99.9%), Lithium Battery Additives

Fujian Bohong is a leading global manufacturer specializing in lithium battery electrolyte additives. The company has established itself as a key supplier of high-purity Vinyl Ethylene Carbonate, with a strong focus on research and development to meet the evolving demands of battery manufacturers for improved cycle life and safety.

Innovation & Capacity:

• Advanced purification technology for ultra-high purity VEC

• Significant production capacity expansion to meet global EV battery demand

• Strategic partnerships with major electrolyte and battery cell producers

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9️⃣ 2. Suzhou Huayi New Energy Materials Co., Ltd.

Headquarters: Suzhou, Jiangsu, China
Key Offering: VEC, FEC, and a comprehensive portfolio of electrolyte additives

Suzhou Huayi is a prominent player in the electronic chemicals sector, with a specialized division for lithium battery materials. The company’s VEC product is known for its consistent quality and is widely used in high-energy-density batteries for electric vehicles and premium consumer electronics.

Innovation & Capacity:

• Focus on developing additive packages for next-generation silicon-anode batteries

• ISO-certified manufacturing processes ensuring batch-to-batch consistency

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

Headquarters: Sanming, Fujian, China
Key Offering: Battery-Grade VEC, Novel Carbonate Solvents

Fujian Chuangxin is dedicated to the development and production of advanced electrolyte solvents and additives. The company leverages its technical expertise to produce VEC that enhances the formation of a stable Solid Electrolyte Interphase (SEI) layer on battery anodes, which is crucial for long-term performance.

Innovation & Capacity:

• R&D focus on additives for fast-charging and wide-temperature-range applications

• Integrated production chain for cost-effective manufacturing

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7️⃣ 4. Hengyang Huaxing Chemical New Material Co., Ltd. (Hengchang)

Headquarters: Hengyang, Hunan, China
Key Offering: Vinyl Ethylene Carbonate, Fluoroethylene Carbonate (FEC)

Hengchang is a well-established chemical manufacturer with a strong foothold in the lithium battery materials market. The company produces high-quality VEC that is critical for improving the low-temperature performance and cycle stability of lithium-ion batteries, making it a preferred choice for automotive applications.

Innovation & Capacity:

• Investment in sustainable and green chemical synthesis routes

• Expansion of production facilities to capitalize on the Asia-Pacific battery boom

Download FREE Sample Report:
Lithium Battery Electrolyte Vinyl Ethylene Carbonate Market – View in Detailed Research Report

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6️⃣ 5. Chemfish (Shanghai) Chemical Technology Co., Ltd.

Headquarters: Shanghai, China
Key Offering: High-Purity VEC, Custom Electrolyte Formulations

Chemfish operates as a specialized supplier and technical partner for advanced battery materials. The company provides high-purity Vinyl Ethylene Carbonate to global customers, supported by strong technical service to help clients optimize their electrolyte formulations for specific performance targets.

Innovation & Capacity:

• Strong logistics network for timely global distribution

• Collaborative approach with customers on formulation development

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5️⃣ 6. HSC Corporation

Headquarters: Seoul, South Korea
Key Offering: Ultra-Pure VEC, Electrolyte Additive Blends

HSC Corporation is a key South Korean supplier of critical materials for the electronics and energy storage industries. The company’s VEC is characterized by its exceptional purity levels, which are essential for preventing side reactions in high-voltage battery cells used in premium applications.

Innovation & Capacity:

• Patented purification techniques to minimize impurity content

• Focus on supplying the robust South Korean and Japanese battery manufacturing sectors

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4️⃣ 7. BASI (Bonus Applied Science, Inc.)

Headquarters: Indiana, USA
Key Offering: Research-Grade VEC, Battery Electrolyte Chemicals

While a significant portion of mass production is concentrated in Asia, BASI represents the innovation-focused segment of the market in North America. The company supplies high-purity VEC primarily for research institutions, battery startups, and prototyping activities, playing a crucial role in the early stages of battery technology development.

Innovation & Capacity:

• Serves the North American R&D ecosystem for next-generation batteries

• Provides small-batch, high-purity materials for experimental formulations

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3️⃣ 8. Sigma-Aldrich (Merck KGaA)

Headquarters: Darmstadt, Germany
Key Offering: Laboratory-Grade VEC, High-Purity Reagents

As part of the global life science giant Merck KGaA, Sigma-Aldrich is a leading supplier of high-purity chemicals for research and development worldwide. The company provides Vinyl Ethylene Carbonate to academic and industrial research labs, supporting fundamental advancements in battery science and material characterization.

Innovation & Capacity:

• Unmatched global distribution network for research communities

• Rigorous quality control standards suitable for analytical and R&D applications

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2️⃣ 9. Capchem Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: VEC, Complete Electrolyte Solutions, Additive Packages

Capchem is one of the world’s largest producers of lithium battery electrolytes. While renowned for its full electrolyte formulations, the company also manufactures key additives like VEC in-house, ensuring supply chain security and formulation synergy for its global customer base, which includes major EV manufacturers.

Innovation & Capacity:

• Vertically integrated production from additives to finished electrolytes

• Massive production scale serving a significant portion of the global market

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1️⃣ 10. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Performance VEC, Specialty Carbonates

Mitsubishi Chemical brings the legacy of Japanese chemical engineering to the battery materials space. The company produces high-specification Vinyl Ethylene Carbonate that meets the stringent requirements of leading Japanese and Korean battery makers, focusing on reliability and performance under demanding conditions.

Innovation & Capacity:

• Development of advanced additive systems for solid-state batteries

• Strong emphasis on product consistency and technical customer support

Get Full Report Here:
Lithium Battery Electrolyte Vinyl Ethylene Carbonate Market – View in Detailed Research Report

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🔋 Outlook: The Future of VEC is Integral to Next-Generation Batteries

The Vinyl Ethylene Carbonate market is on a steep upward trajectory, directly tied to the fortunes of the lithium-ion battery industry. As batteries are required to store more energy, charge faster, and last longer, the role of sophisticated additives like VEC becomes increasingly non-negotiable.

📈 Key Trends Shaping the Market:

• EV Boom Driving Demand: The global push for electric mobility is the single largest driver, with automakers demanding electrolytes that ensure 8-10 year battery warranties.

• Purity as a Premium: Battery manufacturers are willing to pay a premium for ultra-high purity (≥99.9%) VEC to avoid detrimental impurities that can degrade battery life.

• Innovation in Formulations: R&D is focused on creating synergistic additive packages where VEC works in concert with other compounds like FEC and PS to address specific failure modes.

• Geographical Supply Chain Shifts: While China dominates production, North America and Europe are incentivizing local supply chains for critical battery materials, including electrolyte additives, for energy security.

Get Full Report Here:
Lithium Battery Electrolyte Vinyl Ethylene Carbonate Market – View in Detailed Research Report

The companies profiled above are not just chemical suppliers; they are enablers of the energy transition. Their continued innovation in producing high-quality, reliable VEC is fundamental to powering everything from smartphones to the electric vehicles and grid storage systems of tomorrow.