Press release
Ionic liquids market to hit USD 2 billion by 2022 :Global Market Insights, Inc.
Ionic liquids market size is forecast to be worth over 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.
Request for a sample of this research report @ https://www.gminsights.com/industry-analysis/ionic-liquids-market-report
Commercial products for this application include stannates, chloraluninates or alkylchloroaluminates. Pharmaceutical applications are forecast to grow with highest CAGR of 25.6% up to 2022.
Stringent norms by REACH and EPA to curb toxicity by minimizing VOC content in the environment is likely to positively influence ionic liquids market size in green solvent applications. The CAA (Clean Air Act) forms the basis of the EPA action & mandate to curb atmospheric pollution with guidelines for each state to maintain SIP (Sate Implementation Plan) for compliance. EU, under the act 1999/13/EC, regulates VOC emission in manufacturing and service sectors.
Liquids such as pyrrolidinium, imidazolium, pyridinium, piperidinium, ammonium, morpholinium, sulphonium and phosphonium offer production flexibility owing to myriad combinations of anions & cations. These are favored in numerous applications owing to intrinsic properties which include high temperature stability, insignificant vapor pressure, low viscosity, non-flammability and liquid state preservation in high temperature area.
Possibility of some traditional ionic liquids such as N-alkylpyridinium and tetraalkylammonium of becoming persistent pollutants by release in soil or water resources is a concern, which might hamper industry growth. High cost of these solvents is also a concern to generate profitability for industry participants. Technology innovation to develop products catering to niche applications such as aerospace and pharmaceuticals is likely to present unexplored growth potential.
To access sample pages or view this report in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/industry-analysis/ionic-liquids-market-report
Key insights from the report include:
• Global ionic liquids market size registered 9.77 kilo tons in 2014 and is likely to achieve growth rates at 23.4% up to 2022 and reach 51.75 kilo tons.
• 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.
• Ionic liquids market share is fragmented as end-use industries demand application specific product solutions. Key companies include Solvionic, BASF, IOLITECH GmbH and Coorstek. Other prominent companies include TCI, Strem Chemicals, Merck and Scionix.
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.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ionic liquids market to hit USD 2 billion by 2022 :Global Market Insights, Inc. here
News-ID: 514442 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for USD
Chlorella Market Reach USD 465.85 Million USD by 2030
Market Growth Fueled by Increased Adoption of Plant-Based Proteins and Health Supplements
Global Chlorella Market size was valued at USD 303.75 Mn. in 2023 and the total Chlorella revenue is expected to grow by 6.3 % from 2024 to 2030, reaching nearly USD 465.85 Mn. . The growth of the market is majorly due to increase in the consumer awareness about health, the inclination towards plant-based food such as chlorella and…
Bamboo Clothing Market: USD 1.83B to USD 3.27B by 2030
Bamboo Clothing Market Poised for Robust Growth with Sustainability and Eco-Friendly Trends Driving Demand
The global bamboo clothing market is experiencing substantial growth, spurred by a significant shift towards sustainable fashion and eco-friendly materials. As consumers become increasingly conscious of their environmental impact, bamboo fabric-known for its natural, biodegradable properties-is gaining popularity in the fashion industry. This market is expected to continue its upward trajectory, driven by rising demand for eco-conscious…
Biometrics Market: "Biometrics: USD 34.3B to USD 112.4B by 2031"
Biometrics Market Market Scope:
Key Insights : Biometrics Market size was valued at USD 34.3 billion in 2022 and is poised to grow from USD 39.1 billion in 2023 to USD 112.4 billion by 2031, growing at a CAGR of 14.1% during the forecast period (2024-2031).
Discover Your Competitive Edge with a Free Sample Report :https://www.skyquestt.com/sample-request/biometrics-market
Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/biometrics-market
In-Depth Exploration of the global Biometrics…
Advanced (3D/4D) Visualization Systems Market Size, Trends, Growth, Share to sur …
Fatpos Global has carefully studied specific areas, such as application and product type, in the global Advanced (3D/4D) Visualization Systems Market research study. During the predicted period of 2022 to 2032, each kind gives data on sales. The Advanced (3D/4D) Visualization Systems Market analysis examines into the characteristics and financials of the leading participants.
As per the analysis research report, the Advanced (3D/4D) Visualization Systems Market to…
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
