From Jan to Nov
2025, Global
Electric Vehicle Battery Electrolyte Installment Reached
1,293K ton, a 38.3% YoY Growth
- In 2025, the electrolyte market continued
to post a double-digit growth, while the non-China market showed a stable
expansion in demand.
(Source:
2025 Dec Global EV & Battery Monthly Tracker (Incl. LiB 4 Major Materials),
SNE Research)
From Jan to Nov 2025, the total
installment of electrolyte used in electric vehicles (EV, PHEV, HEV) registered
around the world was approx. 1,293K ton,
posting a 38.3% YoY growth. Particularly in the global market outside China,
the total usage of electrolyte for electric vehicles recorded 406K ton and 31.9%
YoY growth, continuously exhibiting a stable expansion in demand.
Electrolyte
is one of the key materials and facilitates the transfer of lithium ions inside
batteries, directly affecting the battery charging speed, safety, and battery
life. With the electric vehicle market expanding and demand for
high-performance batteries increasing, the
electrolyte market is expected to continue strong growth in the mid to long run.
From Jan to Nov 2025, the global electrolyte
market showed remarkable growth among major electrolyte suppliers. Tinci ranked
1st on the list, posting a 32% YoY growth by supplying 301K tons of
electrolyte. Capchem showed an 83% growth with 196K ton, following Tinci on the
list. BYD posted a 1% of growth by supplying 192K ton, while GTHR showed a 12%
growth with 86K ton. Korean electrolyte suppliers such as Enchem(52K ton, +5%)
and Soulbrain(32K ton, +17%) also maintained steady growth.
(Source: 2025 Dec Global EV & Battery Monthly Tracker (Incl. LiB 4 Major Materials), SNE Research)
In terms of market shares of companies by nationality, the Chinese electrolyte suppliers are still leading the market. As of Q3 2025, the market shares taken by the Chinese electrolyte companies were 86.4%, while the Korean and Japanese companies took up 8.8% and 4.8%, respectively. The market shares held by the Korean and Japanese electrolyte makers were slightly lower than the same period of last year. While the Chinese companies are solidifying their market dominance, it becomes more important for the non-China companies to secure their own competitive edge.
The electrolyte market has recently entered a phase in which rapidly rising technical requirements, driven by the expansion of high-performance batteries, are unfolding simultaneously with material competitiveness challenges and supply-chain restructuring. As pressure increases to reduce EV component costs, automakers and cell manufacturers are imposing stricter standards on electrolyte thermal stability, high-voltage durability, and cycle life performance. In response, major suppliers are focusing on additive formulation upgrades and the development of high-concentration electrolytes.
However, the electrolyte market remains heavily dependent on China, meaning that fluctuations in the prices of core raw materials, such as LiPF6, directly impact production costs. In this environment, a structure is being reinforced where electrolyte manufacturers struggle to generate stable profits; if selling prices fail to keep pace with cost volatility, margins are squeezed, and unstable procurement conditions increase delivery risks.
Meanwhile, in North America and Europe, as the demand for building regional battery supply chains grows, localization strategies - including the expansion of pilot lines, broader quality certifications, and the strengthening of local customer support organizations—are becoming more widespread. Notably, despite the volatility in electric vehicle demand, the North American market is seeing a growing impact from downstream diversification, driven by increasing demand for electrolytes used in Energy Storage Systems (ESS). Consequently, the competitive landscape of the electrolyte market is shifting away from simple production expansion, becoming increasingly determined by technical responsiveness to customer needs, regional procurement stability, and the breadth of the product portfolio
Based on batteries installed to electric vehicles
registered during the relevant period.
