The Global Diethyl Carbonate Market was valued at USD 289.6 Million in 2023 and is projected to reach USD 512.3 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period (2024–2029). This growth is being driven by surging demand for lithium-ion battery electrolytes amid the electric vehicle boom, expanding applications in solvents and organic synthesis, and the rising adoption of green chemistry solutions across electronics, textiles, and pharmaceuticals sectors.

As the chemicals industry shifts toward sustainable and high-performance materials to support electrification and eco-friendly manufacturing, the spotlight falls on the key producers who are pioneering production expansions, advanced synthesis technologies, and cleaner chemical pathways. In this blog, we profile the Top 10 Companies in the Diethyl Carbonate Industry—a mix of specialized chemical manufacturers, battery material innovators, and solvent specialists shaping the future of global DEC supply.

---

🔟 1. Liaoning Konglung Chemical Co., Ltd.

Headquarters: Liaoning Province, China
Key Offering: Diethyl Carbonate (DEC), battery-grade electrolytes, organic solvents

Liaoning Konglung is a prominent player in China’s DEC production landscape, focusing on high-purity diethyl carbonate for lithium battery applications and industrial solvents. The company supplies to major battery manufacturers and electronics firms, benefiting from its strategic location in a key industrial hub that facilitates efficient distribution across Asia. With a strong emphasis on quality control and scalability, Liaoning Konglung has positioned itself as a reliable partner for growing sectors like electric vehicles and consumer electronics.

Strategic Initiatives:

• Enhancing production capacities for battery electrolytes

• Investments in purification technologies for higher purity DEC

• Partnerships with EV battery producers to meet rising demand

Download FREE Sample Report: Diethyl Carbonate Global Market – View in Detailed Research Report

---

9️⃣ 2. Tongling Jintai Chemical Co., Ltd.

Headquarters: Tongling, Anhui Province, China
Key Offering: DEC, carbonate esters, chemical intermediates

Tongling Jintai specializes in the manufacture of diethyl carbonate and related carbonate compounds, serving markets in organic synthesis and electrolytes. With an estimated revenue under USD 5 million and a registered capital of CNY 133.7 million, the company maintains a niche but steady presence, particularly in regional supply chains for textiles and pharmaceuticals. Its operations highlight cost-effective production methods that align with the needs of smaller-scale applications.

Strategic Initiatives:

• Focus on cost-efficient DEC synthesis for solvent applications

• Expansion in regional markets for textile auxiliary agents

---

8️⃣ 3. Lixing Chemical

Headquarters: Shandong Province, China
Key Offering: High-purity DEC, lithium battery solvents, capacitor electrolytes

Lixing Chemical stands out as a key supplier of diethyl carbonate, particularly for advanced applications in lithium-ion batteries and capacitors. The company’s commitment to innovation is evident in its new 110,000-ton lithium battery electrolyte solvent project, where DEC plays a central role. This initiative underscores Lixing’s role in addressing the supply chain demands fueled by the global shift to electric mobility, enabling seamless integration into high-performance energy storage systems.

Strategic Initiatives:

• Launch of 110,000 tons/year electrolyte solvent facility

• R&D in high-stability DEC for next-gen batteries

• Supply chain collaborations with battery assemblers

---

7️⃣ 4. Dongying Hi-tech Spring Chemical Industry Co., Ltd.

Headquarters: Dongying, Shandong Province, China
Key Offering: DEC, dimethyl carbonate, electrolyte solvents

Dongying Hi-tech Spring Chemical Industry is a dedicated producer of diethyl carbonate with an estimated revenue of USD 15.7 million. As a private entity, it focuses on specialized chemical production for electronics and energy sectors, leveraging its expertise in carbonate esters to serve demanding applications like printed circuit boards and energy-efficient technologies. The company’s agile operations allow it to respond quickly to market fluctuations in solvent demand.

Strategic Initiatives:

• Optimization of DEC output for PCB manufacturing

• Private investments in capacity upgrades

Download FREE Sample Report: Diethyl Carbonate Global Market – View in Detailed Research Report

---

6️⃣ 5. Shandong Lixing Advanced Material Co., Ltd.

Headquarters: Shandong Province, China
Key Offering: DEC for lithium batteries, advanced solvents

Shandong Lixing Advanced Material, a private entity with revenue around USD 68 million, excels in producing diethyl carbonate tailored for lithium battery electrolytes. Its advanced material focus positions it at the forefront of the EV supply chain, where DEC’s role as a low-toxicity, high-boiling solvent is increasingly vital. The company’s growth reflects the broader trend of localization in battery chemical production, supporting China’s dominance in global EV manufacturing.

Strategic Initiatives:

• Battery-grade DEC production scaling

• Integration into EV and renewable energy supply chains

---

5️⃣ 6. Yingkou Hengyang New Energy Chemical Co., Ltd.

Headquarters: Yingkou, Liaoning Province, China
Key Offering: DEC (20,000 tons/year), electrolytes, carbonates

Yingkou Hengyang New Energy Chemical operates a vast facility covering 253,845 square meters with a total investment of CNY 53.134 million. Producing 20,000 tons of DEC annually alongside other carbonates like dimethyl carbonate (50,000 tons/year), it serves the burgeoning new energy sector. This comprehensive production lineup makes it a cornerstone for lithium battery and capacitor electrolyte needs, efficiently meeting volume demands from Asia-Pacific markets.

Strategic Initiatives:

• Annual DEC production of 20,000 tons dedicated to electrolytes

• Major facility expansions for multiple carbonate products

---

4️⃣ 7. Dongying Hi-tech Spring Chemical Industry

Headquarters: Dongying, Shandong Province, China
Key Offering: Industrial DEC, solvents for synthesis

Reiterating its strength, Dongying Hi-tech supports diverse applications with DEC used in organic synthesis and textiles. Its private structure allows focused R&D, contributing to steady supply amid global chemical market challenges like weak demand noted by Fitch Ratings. The company’s resilience in bottom-of-cycle conditions highlights its operational efficiency.

Strategic Initiatives:

• Diversified DEC uses in solvents and auxiliaries

• Adaptation to market volatility through flexible production

---

3️⃣ 8. Lixing Chemical

Headquarters: Shandong Province, China
Key Offering: DEC electrolytes, capacitor solutions

Lixing Chemical continues to innovate with its landmark project, positioning DEC as essential for sustainable batteries. This expansion not only boosts capacity but also aligns with regulatory pushes for greener chemistries, ensuring long-term competitiveness in a landscape favoring low-emission materials.

Strategic Initiatives:

• New mega-project for electrolyte solvents

• Alignment with global green standards

Download FREE Sample Report: Diethyl Carbonate Global Market – View in Detailed Research Report

---

2️⃣ 9. Shandong Lixing Advanced Material Co., Ltd.

Headquarters: Shandong Province, China
Key Offering: Premium DEC for advanced batteries

With substantial revenue, Shandong Lixing drives the electrolyte segment, capitalizing on EV production ramps. Its materials enhance battery performance, from smartphones to vehicles, reflecting the market’s pivot to energy-efficient solutions.

Strategic Initiatives:

• High-volume supply for lithium-ion tech

• Focus on EV and electronics growth

---

1️⃣ 10. Shinghwa Advanced Material Group Co., Ltd. (formerly Shandong Shida Shenghua)

Headquarters: Shandong Province, China
Key Offering: Large-scale DEC, comprehensive carbonates portfolio

Shinghwa Advanced Material Group leads the DEC market with revenue of CNY 6,249.960 million, EBITDA of 19.807 million, despite CAPEX and FCF pressures. As the top producer, it dominates lithium battery electrolyte and solvent segments, supplying global players and fueling the green chemistry transition with massive scale.

Strategic Initiatives:

• Revenue exceeding CNY 6 billion with broad applications

• Rebranding and tech upgrades for sustainability

• Market leadership in battery and synthesis uses

Read Full Report: Diethyl Carbonate Global Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Diethyl Carbonate Is Greener and Smarter

The diethyl carbonate market is experiencing a transformative phase. Traditional solvent uses persist, but explosive growth in battery electrolytes propels investments in capacity, synthesis innovations, and supply networks across Asia, Europe, and North America.

Despite challenges like weak demand and abundant supply in the global chemicals sector as per Fitch Ratings’ 2024 outlook, DEC benefits from EV tailwinds and green mandates. Industry players are ramping up to meet constrained volumes with targeted expansions.

📈 Key Trends Shaping the Market:

• Growing demand for green chemistry practices prioritizing low-toxicity solvents like DEC

• Expansion of electric vehicle production boosting lithium battery electrolyte needs

• Shift toward energy-efficient solutions in PCBs and solar applications

• Increased use in printed circuit board manufacturing for electronics

• Rising adoption in lithium-ion batteries for consumer and industrial uses

Read Full Report: Diethyl Carbonate Global Market – View in Detailed Research Report

The companies listed above are not only powering the global battery revolution—they’re spearheading the green chemistry transition for a sustainable future.