According to our (Global Info Research) latest study, the global Battery Grade Solvents market size was valued at US$ 1273 million in 2024 and is forecast to a readjusted size of USD 2518 million by 2031 with a CAGR of 10.4% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Battery-grade solvents must meet the characteristics of high dielectric, low viscosity, low melting point, high boiling point, high ignition point, and low cost. Electrolyte is one of the core basic materials of lithium batteries. It is mainly composed of three parts: electrolyte (lithium hexafluorophosphate), solvent and additives. Among them, the solvent mainly plays a role in dissolving the lithium salt.Battery-grade solvent is the main part of the electrolyte, used to dissolve lithium salts and form a medium for ion conduction. It is located between the positive and negative electrodes of the lithium battery and plays an important role in conducting lithium ions, stabilizing the internal environment of the battery, maintaining battery performance and protecting battery safety.
Globally, battery-grade solvent companies are mainly distributed in China, Japan and Europe. The top core companies include Shida Shenghua, Haike Group, UBE Corporation, Mitsubishi and Huntsman. The top three companies account for more than 60% of the market share, and the market is relatively concentrated.
Development Trend
With the rapid advancement of new energy vehicles and energy storage battery industries, the demand for lithium battery electrolyte solvents is continuing to rise. Looking ahead, this field will focus on developing higher purity solvents to reduce production costs and improve environmental performance, while pursuing higher electrolyte performance. In addition, with the continuous innovation and application of new battery technologies such as sodium ion batteries, the application scope of electrolyte solvents will also usher in a broader space for expansion.
Driving Factors
With the increasing environmental awareness and profound transformation of energy structure around the world, the new energy vehicle market is experiencing an unprecedented rapid growth stage. Against this background, as a leader in the field of new energy vehicles, the rapid expansion of the market size of electric vehicles not only reflects consumers' strong demand for green travel, but also directly drives the development of the entire lithium battery industry chain, especially the lithium battery electrolyte solvent market has ushered in unprecedented development opportunities. The general improvement of environmental awareness has not only prompted the government to introduce a series of policies and measures to encourage the development of new energy vehicles, but also profoundly affected consumers' purchasing decisions. More and more consumers have begun to consider the environmental performance of products as one of the important factors in their selection, which has put forward higher requirements for the lithium battery electrolyte solvent market. As a key component of lithium batteries, the environmental performance of electrolyte solvents is directly related to the overall performance of batteries and their impact on the environment. Therefore, companies have increased their R&D investment and are committed to improving production processes and optimizing material selection in order to meet market demand while complying with increasingly stringent environmental regulations and standards, and promote the entire industry to develop in a greener and more sustainable direction. Technological innovation is another major engine that drives the continued prosperity of the lithium battery electrolyte solvent market. With the rapid development of battery technology, especially the continuous improvement of energy density, cycle life, safety performance, etc., the performance requirements for electrolyte solvents have also risen accordingly. This requires companies to keep up with the forefront of technology, continuously explore new solvent materials, and optimize solvent formulations to improve the comprehensive performance of batteries and meet the market's urgent demand for higher performance and longer life battery products. At the same time, technological innovation also provides more possibilities for the recycling and utilization of electrolyte solvents and the reduction of environmental pollution, further promoting the sustainable development of the industry.
This report is a detailed and comprehensive analysis for global Battery Grade Solvents market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Battery Grade Solvents market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Battery Grade Solvents market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Battery Grade Solvents market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031
Global Battery Grade Solvents market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Battery Grade Solvents
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Battery Grade Solvents market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Shida Shenghua, Haike Group, UBE Corporation, Mitsubishi, Huntsman, Wako, Dongke Fine Chemical, TOAGOSEI, BASF, Yingkou Hengyang, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Battery Grade Solvents market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
DMC
EMC
EC
DEC
Others
Market segment by Application
Lithium Battery Electrolyte
Others
Major players covered
Shida Shenghua
Haike Group
UBE Corporation
Mitsubishi
Huntsman
Wako
Dongke Fine Chemical
TOAGOSEI
BASF
Yingkou Hengyang
Jintai Chemical
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Battery Grade Solvents product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Battery Grade Solvents, with price, sales quantity, revenue, and global market share of Battery Grade Solvents from 2020 to 2025.
Chapter 3, the Battery Grade Solvents competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Battery Grade Solvents breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Battery Grade Solvents market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Battery Grade Solvents.
Chapter 14 and 15, to describe Battery Grade Solvents sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Battery Grade Solvents. Industry analysis & Market Report on Battery Grade Solvents is a syndicated market report, published as Global Battery Grade Solvents Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Battery Grade Solvents market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.