Top 10 Companies in the Global Lithium-ion Batteries Ethylene Carbonate Solvent Market (2026): Market Leaders Powering Global Energy Storage

MARKET INSIGHTS

Global lithium‑ion batteries ethylene‑carbonate solvent market size was valued at USD 169.54 million in 2024. The sector is projected to expand from USD 183.48 million in 2025 to USD 321.76 million by 2034, reflecting a steady compound growth rate of 8.30% over the forecast horizon.

Ethylene‑carbonate is a pivotal solvent in lithium‑ion battery electrolytes, prized for its high polarity and exceptional solvation of lithium salts. It operates as both a primary solvent and a co‑solvent, facilitating ion transport and enhancing cell performance. Its robust thermal stability and wide liquid range make it indispensable for energy storage across consumer electronics, electric vehicles and renewable‑energy systems.

Market expansion is underpinned by rising demand for lithium‑ion batteries in electric‑vehicle fleets and grid‑scale storage, coupled with continuous advances in battery chemistry. Growing investments in renewable‑energy infrastructure and the global shift toward electrified transport create fresh opportunities for ethylene‑carbonate producers. Recent collaborations between chemical manufacturers and battery developers accelerate supply‑chain integration, securing critical raw materials for next‑generation batteries.

Global Lithium‑Ion Batteries Ethylene‑Carbonate Solvent Market – View in Detailed Research Report

Top 10 Companies in the Global Lithium‑Ion Batteries Ethylene‑Carbonate Solvent Market

1. Mitsubishi Chemical (Japan)

Headquarters: Tokyo, Japan
Key Offering: General and high‑purity ethylene‑carbonate grades for battery electrolytes

Mitsubishi Chemical leverages its polymer‑technology platform to deliver both cost‑effective and premium solvents. The company’s focus on scalable production and integrated supply chains positions it as a key supplier for OEMs seeking reliable, high‑quality raw materials.

Sustainability & Growth Initiatives:

• Investment in low‑energy synthesis routes to reduce carbon footprint
• Partnerships with battery manufacturers to co‑develop advanced electrolyte formulations
• Expansion of production capacity in Southeast Asia to meet rising demand

2. BASF (Germany)

Headquarters: Ludwigshafen, Germany
Key Offering: Proprietary purification processes delivering ultra‑pure ethylene‑carbonate for high‑performance batteries

BASF differentiates through its advanced purification technologies that ensure minimal impurity levels, enabling higher energy density and longer cycle life. The firm’s global footprint supports rapid delivery to automotive and energy‑storage customers.

Sustainability & Growth Initiatives:

• Carbon‑capture integration in production facilities
• Collaboration with EU battery‑chemistry initiatives to meet stringent safety standards
• Investment in renewable energy for plant operations

3. Huntsman (United States)

Headquarters: Houston, USA
Key Offering: Bulk, cost‑competitive ethylene‑carbonate production

Huntsman focuses on delivering high‑volume, price‑competitive solvent streams through its extensive petrochemical network. The company’s scale enables it to serve a broad range of battery manufacturers, from consumer electronics to large‑scale storage providers.

Sustainability & Growth Initiatives:

• Implementation of energy‑efficient catalytic processes
• Strategic alliances with battery OEMs to secure long‑term supply contracts
• Expansion of production capacity in North America and Asia

4. New Japan Chemical (Japan)

Headquarters: Tokyo, Japan
Key Offering: Custom‑formulated ethylene‑carbonate for emerging battery manufacturers

New Japan Chemical tailors its solvent blends to meet the specific performance requirements of next‑generation batteries, positioning itself as a niche supplier in the Asian market.

Sustainability & Growth Initiatives:

• Research into bio‑derived feedstocks for solvent synthesis
• Collaboration with universities to develop high‑purity formulations
• Investment in local production facilities to reduce logistics costs

5. Lixing Chemical (China)

Headquarters: Shanghai, China
Key Offering: High‑purity ethylene‑carbonate optimized for solid‑state batteries

Lixing Chemical has introduced a premium grade designed for next‑generation solid‑state cells, offering superior ionic conductivity and safety margins.

Sustainability & Growth Initiatives:

• Adoption of green synthesis pathways to lower CO₂ emissions
• Partnerships with Chinese battery manufacturers to secure supply chains
• Expansion of production lines to meet aerospace‑grade demand

6. Shandong Shida Shenghua (China)

Headquarters: Shandong, China
Key Offering: Sustainable ethylene‑carbonate production using bio‑based feedstocks

Shandong Shida Shenghua focuses on environmentally friendly production, reducing reliance on fossil‑derived feedstocks and positioning itself as a green alternative in the market.

Sustainability & Growth Initiatives:

• Implementation of bio‑refining technologies
• Collaboration with government programs to support green chemistry
• Development of low‑emission production facilities

7. Solvay (France)

Headquarters: Brussels, Belgium
Key Offering: Strategic partnerships with EV battery makers to supply high‑purity solvents

Solvay’s collaboration with European battery manufacturers enhances its market presence, particularly in regions prioritising sustainability and safety.

Sustainability & Growth Initiatives:

• Investment in renewable energy for production sites
• Development of traceable supply chains to meet EU regulations
• Support for battery‑chemistry research programmes

8. TOAGOSEI (Japan)

Headquarters: Osaka, Japan
Key Offering: Reliable supply of aerospace‑grade ethylene‑carbonate

TOAGOSEI’s focus on aerospace‑grade solvents positions it as a niche supplier for high‑performance, safety‑critical battery applications.

Sustainability & Growth Initiatives:

• Adoption of energy‑efficient manufacturing processes
• Partnerships with aerospace OEMs to secure long‑term contracts
• Research into low‑impurity solvent formulations

9. Haike (South Korea)

Headquarters: Seoul, South Korea
Key Offering: High‑purity ethylene‑carbonate for advanced battery chemistries

Haike serves the Korean market with premium solvent grades, supporting domestic battery manufacturers and export customers.

Sustainability & Growth Initiatives:

• Implementation of carbon‑capture technologies
• Collaboration with South Korean battery firms to co‑develop electrolytes
• Expansion of production capacity in the region

10. 3M (United States)

Headquarters: Saint Paul, USA
Key Offering: Innovative solvent blends for battery‑pack safety and performance

3M’s expertise in materials science enables it to deliver advanced solvent formulations that enhance safety and extend cycle life for a wide range of battery applications.

Sustainability & Growth Initiatives:

• Development of bio‑derived solvent alternatives
• Partnerships with battery OEMs to embed safety features
• Investment in sustainable production technologies

Global Lithium‑Ion Batteries Ethylene‑Carbonate Solvent Market – View in Detailed Research Report

Global Lithium‑Ion Batteries Ethylene‑Carbonate Solvent Market – View in Full Report

Market Outlook

Over the next decade, the global lithium‑ion batteries ethylene‑carbonate solvent market is expected to grow steadily, driven by the scaling of electric‑vehicle production and the deployment of grid‑scale storage. The market will see a shift toward high‑purity solvents, as battery manufacturers demand improved energy density and cycle life. Regulatory pressure on safety and sustainability will further reinforce the premium segment.

Future Trends

1. High‑purity focus: Battery makers will increasingly adopt ultra‑clean ethylene‑carbonate to reduce degradation pathways and extend cell lifespan.
2. Green solvent development: Bio‑derived ethylene‑carbonate and low‑energy synthesis processes will gain traction, aligning with environmental mandates.
3. Regional supply‑chain optimisation: Emerging markets such as India, Indonesia and Mexico will attract investment, driven by favourable policies and proximity to battery‑manufacturing hubs.
4. Integration with solid‑state batteries: While liquid electrolytes remain essential for prototyping, advanced solvent formulations will support the transition to solid‑state chemistries.