Ionic Liquids Market Forecast by Key Players: Solvionic, BASF, IOLITECH GmbH, Coorstek, TCI, Strem Chemicals, Merck and Scionix

Ionic Liquid Market is estimated to surpass USD 2 billion by 2022, according to new research report. Ionic liquid (IL) is a form of salt in liquid state and is largely made of ions or short-lived ion pairs. It is also known as liquid salts, liquid electrolytes, ionic melts and fused salts and is mostly used in electric battery and sealant applications owing to its low vapor pressure.

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Rising trend of adopting green solvent due to increasing toxic concerns from their organic substitutes should drive ionic liquid market during the forecasted timeframe. Stringent environmental regulations, policies and pressure set by agencies should drive global market.

Ionic liquids are extensively used in bio catalysis and bio transformations owing to its negligible vapor pressure, thermal stability and controllable viscosity with water or organic solvents. IL’s are used as solvents, co-solvents and reagents propelling product demand.

Ionic liquids have been subject of interest recently due to its low volatility and ability to dissolve a wide variety of compounds, making it useful as green solvents for energy storage application and industrial process. IL’s perform as electrolytes in products such as dye-sensitized solar cells, actuators, thermos-cells and double layer capacitors conducting electricity with elongated reaction times, pivoting global ionic liquid market.

Ionic liquid is also used to solve critical pharmaceutical problems, performing as carriers of pharmaceutical active compounds and salts through the combination of anions and cations. Pharmaceutical industry is expected to account for generating over USD 1.2 trillion by 2022 along with which IL Market is expected to grow.

Ionic liquid price trends have been high, making it uneconomical for industries to use. Companies should concentrate on technological innovation and product development for ionic liquid to drive their production cost down for global industry growth.

U.S. ionic liquid Market is estimated to reach USD 750 million by 2022, owing to stringent regulations set forth by prevailing agencies safeguarding interest against toxicity and growing health concerns should drive regional product demand.

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Partial Chapter of the Table of Content

Chapter 3 Ionic Liquids Industry Insights

3.1 Industry Segmentation

3.2 Industry Size and forecast, 2012-2022

3.3 Industry ecosystem analysis

3.3.1 Vendor landscape

3.4 Innovation & sustainability

3.5 Regulatory framework

3.5.1 Enviornmental Protection Agency (EPA):

3.5.2 European Union

3.6 Industry Impact forces

3.6.1 Growth drivers

3.6.1.1 Alternative to organic solvents

3.6.1.2 Wide application scope

3.6.2 Industry pitfalls & challenges

3.6.2.1 Toxicity issues and high costs

3.7 Growth potential analysis

3.8 Porter’s analysis

3.9 PESTEL analysis

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Germany ionic liquid market is expected to grow at a CAGR of over 18% during the timeframe. Germany has been pioneering for clean energy for sustainability coupled with growing energy storage industry, this should positively impact regional IL industry growth.

Global ionic liquid market is fragmented as large number of companies cater ionic liquid to different end-use industry. Some key players include TCI, BASF, IOLITEC GmbH and Solvionic. Other major manufacturers include Wuhu Huaren, Coorstek Specialty Chemicals and Santa Cruz Biotechnology.

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