The Global Industrial Grade Propylene Carbonate Market was valued at USD 732 million in 2023 and is projected to reach USD 963.26 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.00% during the forecast period. This growth is driven by expanding applications in lithium-ion batteries, industrial solvents, and coatings, alongside increasing environmental regulations favoring green chemistry alternatives.
As manufacturers seek high-performance, biodegradable solvents, industrial grade propylene carbonate has emerged as a critical component across multiple industries. Below we profile the Top 10 Companies leading innovation, production, and distribution in this specialized chemical market.
🔟 1. BASF SE
Headquarters: Ludwigshafen, Germany
Key Offering: Propylene Carbonate (Purity 99%-99.9%)
BASF is one of the world’s largest chemical producers, with propylene carbonate being a key product in its solvents portfolio. The company supplies high-purity grades for battery electrolytes and industrial applications across Europe, North America, and Asia.
Innovation Highlights:
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Patented production processes for ultra-high purity grades
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Strategic partnerships with EV battery manufacturers
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Closed-loop recycling initiatives for solvent recovery
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Industrial Grade Propylene Carbonate Market – View in Detailed Research Report
9️⃣ 2. Huntsman Corporation
Headquarters: The Woodlands, Texas, USA
Key Offering: JEFFSOL® Propylene Carbonate
Huntsman specializes in high-performance chemicals, with its JEFFSOL brand being a market leader in propylene carbonate solvents. The company serves aerospace, electronics, and industrial coating sectors.
Innovation Highlights:
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Custom formulations for niche applications
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Advanced purification technologies
8️⃣ 3. Shandong Shida Shenghua Chemical Group
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