Global Ionic Liquids Market 2017-2021

Overview of the global ionic liquids market

Technavio's market study identifies the use of ionic liquids as replacements for solvents as one of the primary growth factors for the ionic liquids market. Ionic liquids are fused salts that can remain in a liquid state under 100ºC. These liquids can be used as industrial solvents because of their ability to dissolve various chemicals. These liquids also have low volatility and have low vapor pressures. Since these liquids have a combination of cation and an anion, they can be suitably used as solvents and catalysts in bio-refineries, as electrolytes in electrochemistry, batteries, and bio-refineries. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 9% by 2021.

Ionic liquids are green solvents that are used in the adhesive and food industries as they do not emit harmful substances or cause pollution. The resultant bioproducts are biodegradable and cause zero waste. The increase in environmental awareness influences the use of ionic liquids since raw materials and byproducts are less harmful to the environment. The growing awareness of the benefits of ionic liquids will encourage the discovery of innovative techniques to increase the usage of ionic liquids in a variety of applications. The increase in environmental awareness that drives the demand for ionic liquids will be one of the key trends that will drive the growth of the ionic liquids market during the next few years.

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Technavio's industry research report titled, - Global Ionic Liquids Market, will help you-

• Identify latent opportunities and explorative solutions in the ionic liquids market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive landscape and key vendors

The ionic liquids market is moderately concentrated due to the presence of few key players who account for major market shares. Vendors located in APAC are focusing on competing through technological innovations and competitive prices. New entrants equipped with innovative products and significant investments in R&D are providing tough competition to the existing players in the ionic fluids market.

The leading vendors in the market are

• BASF
• Evonik Industries
• Merck
• Solvay
• Strem Chemicals

The other prominent vendors in the market are CoorsTek, Iolitec Ionic Liquids Technologies, Jinxi Jinkai Chemical, Proionic, Reinste Nano Ventures, Santa Cruz Biotechnology, Scionix, Solaronix, SOLVIONIC, Tatva Chintan Pharma Chem, and Tokyo Chemical Industry.

Segmentation by application and analysis of the ionic liquids market

• Solvents and catalysts
• Extraction and separations
• Bio-refineries
• Batteries and electrochemistry

Ionic liquids are alternatives to toxic, hazardous, flammable, and highly volatile organic solvents (VOCs). Features such as non-volatility, immiscible, and the ability to act as highly polar yet non-coordinating solvents makes them greener alternatives to the conventional organic solvents. Ionic liquids are popularly used in synthetic organic chemistry and in solvents and catalysts.

Geographical segmentation and analysis of the ionic liquids market

• Americas
• APAC
• Europe
• ROW

Ionic liquid manufacturers in APAC are focusing extensively on exploring the unique chemical properties, developing advances in the product, and launching new applications to cater to the increasing demand for the ionic liquids market. Additionally, the increase in R&D activities, expansions, acquisitions, and the establishment of new manufacturing units, will contribute to the growth of the ionic fluids market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global ionic liquids market?
• What are the key market trends impacting the growth of the global ionic liquids market?
• What are the challenges to market growth?
• Who are the key vendors in the global ionic liquids market?
• What are the market opportunities and threats faced by the vendors in the global ionic liquids market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and ROW.
• What are the key outcomes of the five forces analysis of the global ionic liquids market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global ionic liquids market offers insights into the significant drivers and trends influencing the growth of the chemicals and materials industry. Our reports for the chemicals and materials industry also follow a scrupulous data collection methodology and present an analysis of the rapidly growing sectors like specialty chemicals.  

Furthermore, to accurately predict, our industry professionals implement a uniquely formulated method to assess the change in the market share for the popular market segments. Also, by understanding the market size, surging demand for several niche markets of the specialty chemicals sector, the industry analysts at Technavio present an all-inclusive picture of the ionic liquids market from 2017 to 2021.

This forthcoming market research report on the ionic liquids market also covers vendors like BASF, Evonik, and Solvay. Furthermore, to present clients the opportunity to explore and expand in niche markets, this report on the ionic liquids market also encompasses geographies like the Asia Pacific, Europe, North America, and ROW.

The upcoming industry research report for ionic liquids market also categorizes the prominent drivers, trends, and restraints that the specialty chemicals sector frequently experiences. This report on the ionic liquids market presents insights into the rapidly changing vendor landscape to give clients a complete overview of the events within the chemicals and materials industry. Technavio also offers in-depth market assessments into the sectors such as paints, coatings, and pigments and olefins.

Technavio also offers clients the opportunity to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.