Ethylene Carbonate Companies

The global ethylene carbonate market is expected to grow from USD 1.11 billion in 2025 to USD 2.72 billion by 2032, at a CAGR of 13.6% during the forecast period. The growth is mainly driven by rising demand from the automotive industry, where ethylene carbonate is used in various applications, including automotive plastics production, surface coatings, and as a key electrolyte component in lithium-ion batteries. It acts as a plasticizer in automotive plastics, enhancing the flexibility and durability of materials used in vehicle interiors and exteriors.

Ethylene Carbonate Companies

Companies such as Mitsubishi Chemical Group Corporation (Japan), Huntsman International LLC (US), TAOGOSEI CO., LTD. (Japan), Shinghwa Advanced Material Group Co., Ltd. (China), and BASF (Germany) are classified as winners. These companies are leading players in the global ethylene carbonate market, and they have used product launches, partnerships, and expansion strategies to boost their market shares.

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Mitsubishi Chemical Group Corporation (Japan)

Mitsubishi Chemical Group Corporation (MCGC) is a leading global integrated chemical company. A key member of the Mitsubishi Group, MCGC operates under the philosophy of “KAITEKI”—a unique concept that combines sustainability, health, and comfort. The company is committed to developing innovative solutions to address global environmental and social challenges through science and advanced materials. MCGC functions across a wide range of industries through its diverse business segments: Specialty Materials, MMA & Derivatives, Basic Materials & Polymers, Pharma, Industrial Gases, and Others. Ethylene carbonate is part of the specialty materials segment. MCGC has a strong international presence with operations in over 30 countries, along with production facilities and R&D centers in Asia, Europe, the Americas, and Oceania.

Huntsman International LLC (US)

Huntsman International LLC is the main operational subsidiary of Huntsman Corporation, a global chemicals company founded by Jon M. Huntsman Sr. Huntsman International operates in three main business segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment includes polyurethanes, polyols, TPU (thermoplastic polyurethane), and related systems. The Performance Products segment offers performance amines, maleic anhydride, carbonates, and surfactants. The Advanced Materials segment comprises advanced polymer resins (epoxy, acrylic, polyurethane), adhesive systems, carbon nanomaterials, and curing/toughening agents. Ethylene carbonate is classified under performance products. Huntsman holds leading positions worldwide in key product categories like MDI, amines, maleic anhydride, epoxy resins, and carbonates. Its chemicals are used in a variety of applications—from adhesives, coatings, and insulation to automotive lightweighting, electronics, packaging, and industrial manufacturing. Huntsman International manages over 60 manufacturing, R&D, and operations facilities across roughly 30 countries.

TAOGOSEI CO., LTD. (Japan)

Toagosei is a leading manufacturer of chemical products in Japan. The company operates through five segments: Commodity Chemicals, Performance Chemicals, Polymer & Oligomer, Adhesive Materials, Plastics, and Others. The Commodity Chemicals segment supplies ethylene carbonate to Japan and other countries in the Asia-Pacific region. This segment is involved in manufacturing and selling inorganic chlorides, including caustic soda, caustic potash, sodium hypochlorite, and other inorganic chlorides, as well as sulfuric acid, acrylic acid, acrylic esters, industrial gases, and more. The company's ethylene carbonates are colorless crystals with low melting points, used in polycarbonate resin production and electrolytic solutions for lithium-ion batteries. The Performance Chemicals segment offers high-purity inorganic products, amenity care materials, and newly developed items. The Polymer & Oligomer segment produces acrylic polymers, polymer flocculants, UV-curable resins, and related products. The Adhesive Materials segment includes instant glue and functional adhesives. The Plastics segment manufactures piping equipment, products for construction and civil engineering, nursing care items, elastomer compounds, and more. The company operates in the Asia-Pacific and North America regions.

Shinghwa Advanced Material Group Co., Ltd. (China)

Shinghwa Advanced Material Group Co., Ltd., formerly known as Shandong Shida Shenghua Chemical Group Co., Ltd., is a prominent Chinese chemical company focusing on lithium battery materials. The company began as a subsidiary of China University of Petroleum (East China) and has since developed a vertically integrated supply chain providing solvents, solutes, and additives for lithium-ion battery electrolytes. It operates in three main business areas: lithium battery solvents, electrolytes, and high-end new materials. The company is a global leader in high-end carbonate solvents, holding a substantial market share, and supplies major electrolyte producers worldwide. With manufacturing facilities in Dongying and Wuhan, the company maintains strategic partnerships with leading lithium battery manufacturers in China.

BASF (Germany)

BASF is a leading chemical company offering a diversified portfolio focused on sustainability and digital innovation. Its integrated production model, global presence, and commitment to climate goals make it an important supplier to industries supporting the green transition. BASF's business segments include chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. Ethylene carbonate is part of its chemicals segment. Its main products include chemicals such as petrochemicals, intermediates, and monomers; materials like performance materials, engineering plastics, and polyurethane systems; industrial solutions including dispersions, pigments, and performance chemicals; surface technologies such as catalysts, battery materials, and coatings; nutrition & care ingredients for food, pharmaceuticals, and personal care; and agricultural solutions like crop protection, seeds, and digital farming tools. BASF operates in over 90 countries with production sites across Europe, North America, Asia Pacific, the Middle East & Africa, and South America.

In the global ethylene carbonate market, companies are ranked based on revenue, production capacity, technological innovation, and market presence. Leading players such as Mitsubishi Chemical Group Corporation (Japan), Huntsman International LLC (US), TAOGOSEI CO., LTD. (Japan), Shinghwa Advanced Material Group Co., Ltd. (China), and BASF (Germany) play a crucial role in global supply, accounting for a significant share of total ethylene carbonate production and exports. Key players continuously invest in capacity expansion and strategic alliances to strengthen their market position. Strategic expansion and product launches 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:

Ethylene Carbonate Market by Application (Lithium Battery Electrolytes, Lubricants, Surface Coatings, Plasticizers), End-use Industry (Automotive, Industrial, Oil & Gas, Medical, Personal Care & Hygiene), and Region - Global Forecast to 2032