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Ionic Liquid Market Top Key Industry Players: BASF, TCI - Tokyo Chemical Industry, Solvionic, Merck, Strem Chemicals, proionic GmbH, Coorstek Specialty Chemicals

Ionic Liquids Market

Ionic Liquids Market

Ionic liquids market to cross USD 2 billion by 2022; as per a new research report by Global Market Insights, Inc. Strong green solvents market demand in chemicals, pharmaceuticals and electronics in order to minimize toxicity concerns from inorganic counterparts are likely to drive growth. Catalysis/synthesis application dominated the demand and accounted for over 27% of the total ionic liquid market share in 2014, with consumption of over 2,800 tons.

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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.

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U.S. ionic liquid market size was the dominant regional industry and accounted for 35.9% of the total volume in 2014. A stringent environmental norm structure by the EPA to curb VOC content is likely to favor demand.

China ionic liquid market is likely to attain highest gains at 24.2% CAGR, up to 2022 with a target to reduce pollution owing to presence of large & small scale manufacturing facilities in the region.

Pharmaceutical application in Germany generated revenues worth USD 7.5 million in 2014 and is likely to achieve highest growth rates up to 2022.

Japan ionic liquid industry revenue for pharmaceutical applications should gain at over 16.5% for the next seven years.

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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

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