Lithium-ion Battery Electrolyte Solvent Market Share Driven by Electric Mobility and Energy Storage Adoption | Valuates Reports

Lithium-ion Battery Electrolyte Solvent Market Size
The global market for Lithium-ion Battery Electrolyte Solvent was valued at US$ 1290 million in the year 2024 and is projected to reach a revised size of US$ 2550 million by 2031, growing at a CAGR of 10.4% during the forecast period.

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The Lithium-ion Battery Electrolyte Solvent market is witnessing robust market growth as global demand for efficient, high-performance energy storage solutions continues to rise. Market trends are shaped by rapid advancements in lithium-ion battery technology, increasing electrification across industries, and growing emphasis on battery safety, energy density, and lifecycle performance. Shifting buyer behavior toward electric mobility, reliable backup power, and large-scale energy storage is expanding the market size and strengthening the long-term market forecast.

By type, ethylene carbonate holds the largest market share due to its critical role in forming stable solid electrolyte interfaces and improving overall battery stability. Dimethyl carbonate and ethyl methyl carbonate are among the fastest-expanding segments, driven by their use in blended electrolyte formulations that enhance low-temperature performance and ionic conductivity. Diethyl carbonate and propylene carbonate continue to support specific performance requirements, while other solvent types address emerging battery chemistries and specialized applications, contributing steadily to market growth.

From an application perspective, consumer electronics represent a significant market share, supported by sustained demand for smartphones, laptops, and portable devices. Electric mobility and vehicles are the fastest-growing application segment, driven by accelerating adoption of electric cars, two-wheelers, and commercial vehicles. Energy storage systems are also showing strong market growth as utilities and industries invest in grid stabilization and renewable energy integration. Power backups and UPS systems maintain consistent demand, while other applications support diversified usage across sectors.

Key companies such as Shida Shenghua, UBE Corporation, Mitsubishi, and BASF hold a substantial market share through advanced chemical manufacturing capabilities and strong alignment with battery manufacturers. Players including Haike Group, Huntsman, TOAGOSEI, and Dongke Fine Chemical are expanding their competitive positioning by focusing on high-purity solvent production, process optimization, and scalable supply. Ongoing product development and capacity expansion continue to shape competition in this technologically intensive market.

Regionally, Asia-Pacific dominates the Lithium-ion Battery Electrolyte Solvent market, led by China, Japan, South Korea, and Taiwan, where large-scale battery manufacturing and electric vehicle production are concentrated. Europe and North America hold important market share, driven by increasing investments in battery plants, electric mobility infrastructure, and energy storage deployment. Southeast Asia and Latin America are emerging growth regions, supported by expanding manufacturing bases and rising electrification. The market forecast remains positive, underpinned by continued innovation, capacity expansion, and accelerating global adoption of lithium-ion battery technologies.

by Type

• Ethylene Carbonate (EC)
• Diethyl Carbonate (DEC)
• Dimethyl Carbonate (DMC)
• Ethyl Methyl Carbonate (EMC)
• Propylene Carbonate (PC)
• Others

by Application

• Power Backups/UPS
• Consumer Electronic
• Electric Mobility/Vehicles
• Energy Storage Systems
• Others

By Company

Shida Shenghua, Haike Group, UBE Corporation, Mitsubishi, Huntsman, Wako, Dongke Fine Chemical, TOAGOSEI, BASF, Yingkou Hengyang, Jintai Chemical

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