Battery Electrolyte Companies

The global battery electrolyte market is projected to grow from USD 15.06 billion in 2025 to USD 27.99 billion by 2030, at a CAGR of 13.2% during the forecast period. The battery electrolyte market is experiencing robust growth, propelled by the rapid global adoption of EVs, expanding production of consumer electronics, and increasing demand for large-scale energy storage solutions. Government policies aiming to reduce carbon emissions, infrastructure expansion for renewable energy, and significant investments in clean technology are enhancing market momentum.

Battery Electrolyte Companies

CAPCHEM (China), ENCHEM Co., Ltd. (South Korea), Guangzhou Tinci Materials Technology Co., Ltd. (China), Mitsubishi Chemical Group Corporation (Japan), and Zhangjiagang Guotai Huarong New Chemical Materials Co., Ltd. (China) are the key players in this market. They are leading players in the battery electrolyte market according to their production capacities of battery electrolytes. These players have adopted agreements and expansion strategies to increase their market share.

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CAPCHEM (China)

CAPCHEM is a Chinese specialty chemicals company focused on electronic chemicals and functional materials. Its core business segments include Battery Chemicals, Capacitor Chemicals, Organic Fluorine Chemicals, and Semiconductor Chemicals. The company serves industries such as energy storage, electric vehicles, consumer electronics, and semiconductors. With strong R&D capabilities and a growing global footprint, CAPCHEM continues to expand through innovation and strategic investment. In its Battery Chemicals segment, it produces lithium-ion battery electrolytes, including lithium salts, carbonate solvents, and performance-enhancing additives. These materials are used in electric vehicles, grid storage systems, and portable electronics. It has a regional presence in Europe, the Asia Pacific, North America, South America, and Africa.

ENCHEM Co., Ltd. (South Korea)

ENCHEM Co., Ltd. is a leading manufacturer of core materials for lithium-ion batteries, with a strong focus on electrolyte production. The company provides a wide range of electrolyte formulations tailored for electric vehicles, consumer electronics, energy storage systems, and EDLC applications. Its business spans research, manufacturing, and global supply, with production facilities in multiple countries. Through continuous innovation and international expansion, ENCHEM supports major battery manufacturers with high-performance, application-specific electrolyte solutions. The company has its regional presence in Europe, the Asia Pacific, and North America.

Guangzhou Tinci Materials Technology Co., Ltd. (China)

Guangzhou Tinci Materials Technology Co., Ltd. is one of the leading global manufacturers of fine chemical materials, with a strong focus on lithium-ion battery materials, personal care chemicals, and electronic chemicals. The company is a major manufacturer of electrolytes for lithium-ion batteries and has established a vertically integrated supply chain covering key raw materials. The company has significantly expanded its global footprint, establishing subsidiaries, production bases, and R&D centers in key international markets, including the US, Germany, Singapore, Morocco, and South Korea. The company has a significant regional presence in the Asia Pacific, North America, Europe, and Africa.

Mitsubishi Chemical Group Corporation (Japan)

Mitsubishi Chemical Group Corporation is a leading Japanese chemical company formed by the merger of Mitsubishi Chemical Corporation and Mitsubishi Pharma Corporation. The Group operates through key business segments such as Industrial Gases, Specialty Materials, Basic Materials & Polymers, Pharma, MMA & Derivatives, and Others. As a global materials manufacturer, the company provides a wide range of products, including polymers, carbon fibers, alumina fibers, batteries, and textiles. A core focus area for Mitsubishi Chemical Group is its electrolyte business for lithium-ion batteries (LIBs), where it supplies high-performance formulated electrolytes used in electric vehicles (EVs) and energy storage systems. Mitsubishi Chemical Corporation has production plants in various cities in Japan, including Kamisu, Toyama, Aichi, Yokkaichi, Nagahama, Maibara, Okayama, Hiroshima, Sakaide, Fukuoka, Iwaki, Yokohama, Hiratsuka, Ogaki, and Uto.

Zhangjiagang Guotai Huarong New Chemical Materials Co., Ltd. (China)

It is one of the largest lithium battery electrolyte suppliers in the world. The company’s electrolytes are best suited for consumer lithium-ion batteries, pure electric vehicles (EV), and energy storage power stations (ES). The company is also involved in the development of various types of electrolytes needed to meet the demands for high-performance lithium-ion batteries. The company offers electrolytes for lithium-ion secondary batteries and lithium primary batteries.

Market Ranking

In the global battery electrolytes market, companies are ranked based on revenue, production capacity, technological innovation, and market presence. Leading players such as CAPCHEM (China), ENCHEM Co., Ltd. (South Korea), Guangzhou Tinci Materials Technology Co., Ltd. (China), Mitsubishi Chemical Group Corporation (Japan), and Zhangjiagang Guotai Huarong New Chemical Materials Co., Ltd. (China) are playing a crucial role in global supply, accounting for a significant share of total battery electrolyte production and exports. Key players continually invest in capacity expansions and strategic alliances to strengthen their market position. Strategic agreements, joint ventures, expansions, and others are key competitive forces shaping the market, as companies aim to enhance scalability, manufacturing efficiency, and cost-effectiveness in response to increasing demand in the chemical sector and global sustainability regulations.

Related Reports:

Battery Electrolyte Market by Battery Type (Lead-Acid and Lithium-Ion), Electrolyte Type (Liquid, Gel, Solid), End Use (EV, Consumer Electronics, Energy Storage), Material (Sulfuric Acid, Lithium Salts, Solvents), and Region - Global Forecast to 2030