The Global Industrial Grade Propylene Carbonate Market was valued at USD 87 Million in 2024 and is projected to reach USD 386 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 20.4% during the forecast period (2025–2032). This exceptional growth is being driven by the surging demand for high-performance battery electrolytes in electric vehicles (EVs) and renewable energy storage, coupled with the accelerating shift toward low-toxicity, biodegradable solvents across coatings, adhesives, and pharmaceuticals.

As industries worldwide prioritize sustainability and advanced material performance, the spotlight is on the key chemical manufacturers who are scaling production, driving innovation in high-purity formulations, and enabling decarbonization. In this blog, we profile the Top 10 Companies in the Industrial Grade Propylene Carbonate Industry—a mix of global chemical giants and specialized producers shaping the future of green chemistry.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-purity Propylene Carbonate (≥99.5%) for Battery Electrolytes and Solvents

BASF is a global leader in the chemical industry and a major supplier of high-purity propylene carbonate. Its products are critical components in lithium-ion battery electrolytes, where they enhance conductivity and thermal stability. BASF’s vertically integrated supply chain and strong R&D focus ensure consistent quality for demanding applications in the EV and electronics sectors.

Strategic Focus:

• Leading supplier of electrolyte solvents for the global battery market.

• Investment in circular economy solutions and bio-based feedstocks for chemical production.

• Strategic partnerships with major automotive OEMs and battery cell manufacturers.

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9️⃣ 2. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: JEFFSOL® Propylene Carbonate for Industrial and Specialty Applications

Huntsman is a prominent global producer with its JEFFSOL® brand of propylene carbonate, recognized for its high purity and excellent solvency power. The company serves diverse markets, including adhesives, coatings, and cleaning formulations, where its low toxicity and VOC-compliant profile are key advantages.

Strategic Focus:

• Expansion of production capacity to meet growing demand from the battery and green solvent sectors.

• Focus on developing application-specific grades for pharmaceuticals and agrochemicals.

• Commitment to sustainable production processes and product stewardship.

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8️⃣ 3. Shandong Shida Shenghua Chemical Group Co., Ltd.

Headquarters: Dongying, Shandong, China
Key Offering: Propylene Carbonate (Purity ≥99.5%, ≥99.9%)

As one of China’s largest and most integrated producers, Shida Shenghua holds a dominant position in the global propylene carbonate supply chain. The company operates large-scale, efficient production facilities and is a key supplier to both domestic and international battery electrolyte manufacturers.

Strategic Focus:

• Mass-scale production with competitive cost advantages.

• Significant exporter to markets in Asia, Europe, and North America.

• Continuous process optimization to improve yield and product purity.

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7️⃣ 4. Shandong Daze Chemical Group Co., Ltd.

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

Shandong Daze Chemical is another major Chinese manufacturer with substantial capacity. The company provides a range of propylene carbonate grades, catering to the industrial solvent market and the fast-growing battery sector, playing a crucial role in the regional supply ecosystem.

Strategic Focus:

• Strong domestic market presence with extensive distribution networks.

• Investments in quality control systems to meet stringent international standards for battery applications.

• Focus on securing stable raw material (propylene oxide) supply.

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Global Industrial Grade Propylene Carbonate Market – View in Detailed Research Report

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6️⃣ 5. Shandong Depu Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: Propylene Carbonate for Electrolytes and Solvents

Depu Chemical is a specialized producer with a focus on high-value chemical intermediates, including propylene carbonate. The company has carved out a significant niche by supplying consistent, high-purity product to electrolyte formulators and specialty chemical companies.

Strategic Focus:

• Specialization in high-purity and ultra-high-purity grades for critical applications.

• Agile production and customization capabilities for client-specific requirements.

• Building long-term, reliable partnerships with downstream customers.

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5️⃣ 6. Dongying Hi-tech Spring Chemical Industry Co., Ltd.

Headquarters: Dongying, Shandong, China
Key Offering: Propylene Carbonate, Dimethyl Carbonate (DMC)

This company is part of China’s robust chemical manufacturing cluster in Shandong. It produces propylene carbonate, often alongside co-products like dimethyl carbonate, serving the dual markets of battery electrolytes and polycarbonate production.

Strategic Focus:

• Leveraging integrated production to achieve cost efficiencies.

• Supplying the domestic EV battery industry’s rapid expansion.

• Exploring export opportunities in emerging markets.

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4️⃣ 7. Linyi Evergreen Chemical Co., Ltd.

Headquarters: Linyi, Shandong, China
Key Offering: Propylene Carbonate (Industrial and Battery Grade)

Linyi Evergreen is a reliable manufacturer contributing significantly to China’s propylene carbonate output. The company’s products are used in a variety of solvent applications and are increasingly meeting the specifications required for electrolyte use.

Strategic Focus:

• Capacity expansion aligned with market demand growth.

• Focus on production reliability and supply chain responsiveness.

• Adherence to evolving environmental and safety regulations.

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3️⃣ 8. Shandong Feiyang Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: Propylene Carbonate and other Carbonate Esters

Shandong Feiyang Chemical operates in the competitive carbonate esters segment, with propylene carbonate being a key product. The company serves both traditional industrial clients and the newer, high-growth battery market.

Strategic Focus:

• Diversified product portfolio to mitigate market cyclicality.

• Investment in technical service to support customers in new applications.

• Maintaining a strong position in the Asia-Pacific regional market.

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2️⃣ 9. Lixing Chemical Co., Ltd.

Headquarters: Taixing, Jiangsu, China
Key Offering: High-Purity Propylene Carbonate

Lixing Chemical is another important Chinese producer with capabilities in fine chemicals. The company’s propylene carbonate is utilized in pharmaceuticals, agrochemicals, and electronics, demonstrating its versatility and high-quality standards.

Strategic Focus:

• Targeting high-value niche applications beyond bulk industrial use.

• Emphasis on product consistency and low impurity levels.

• Building a reputation as a trusted supplier for multinational corporations.

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1️⃣ 10. LyondellBasell Industries N.V.

Headquarters: Houston, Texas, USA / Rotterdam, Netherlands
Key Offering: Propylene Oxide (PO) derivatives, including Propylene Carbonate (through joint ventures/licensing)

While not a pure-play producer, LyondellBasell is a global giant in propylene oxide (the key raw material) technology and production. Its technology and market position indirectly shape the propylene carbonate industry through joint ventures, licenses, and its influence over upstream supply chains, making it a pivotal enabler of global capacity.

Strategic Focus:

• World-leading position in propylene oxide production technology (PO/TBA, PO/MTBE processes).

• Strategic investments and partnerships that expand downstream carbonate ester capacities.

• Commitment to advancing circular and climate-neutral feedstock solutions.

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🌍 Outlook: The Future of Industrial Grade Propylene Carbonate is Electrified and Sustainable

The industrial grade propylene carbonate market is undergoing a transformative shift. While traditional solvent applications continue to provide a stable demand base, the industry’s explosive growth is now being powered by the global energy transition. The compound’s unique properties make it indispensable for next-generation batteries.

📈 Key Trends Shaping the Market:

• EV Battery Mega-Factories: The proliferation of gigafactories worldwide, led by CATL, LG Energy Solution, Panasonic, and others, is creating unprecedented, long-term demand for battery-grade propylene carbonate.

• Next-Generation Battery Chemistries: Research into sodium-ion, solid-state, and lithium-sulfur batteries continues to explore the role of propylene carbonate and its derivatives as essential electrolyte components.

• Green Solvent Mandates: Tightening global regulations on volatile organic compounds (VOCs) are accelerating the replacement of hazardous solvents with safer alternatives like propylene carbonate in coatings, adhesives, and cleaning products.

• Supply Chain Regionalization: To ensure security of supply, battery and automotive players are fostering regional supply chains, prompting investments in propylene carbonate production in Europe and North America alongside the dominant Asia-Pacific base.

Get Full Report Here:
Global Industrial Grade Propylene Carbonate Market – View in Detailed Research Report

The companies listed above are not only supplying a critical chemical—they’re enabling the electrification of transport and the green transformation of modern industry.