Ionic liquids Market Is Anticipated To Be Highest Growth Between 2017 To 2022

Based on the application, the global ionic liquids market is divided into plastics, solvents & catalysts, food, bio refineries, process & operating fluids and batteries & electronics. Solvents & catalysts section led the global ionic liquids market in 2014 as they could act both as solvent as well as co catalyst. These solvents & catalysts can react chemically with precursor of catalyst and form active catalyst complex.

The global ionic liquids market size is predicted to cross 50 kilo tons by end of the forecasted period growing at CAGR of more than 22%. Features like low viscosity, high thermal stability, high conductivity and minimal vapour pressure of ionic liquids have propelled the demand & growth of global ionic liquids market.

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Food applications section is predicted to grow rapidly during the forecasted period. Consumer choice towards processed foods due to busy lifestyle and rise in purchasing power of consumers are the factors predicted to stimulate the growth & demand for ionic liquids for the section.

Batteries & electronics section is predicted to experience normal gains during the forecasted period. Ionic liquids are used as electrolytic tool in the batteries and technological innovations are made in the batteries & electronics for including these ionic liquids in the batteries & electronics. Depending upon the geographical locations, the global ionic liquids market is bifurcated into North American subcontinent, APAC zone, European continent and rest of the world.

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U.S. Ionic liquids industry dominated the global landscape in 2014, with a revenue collection of over USD 200 million. It almost covered 35.9% of the total volume in the aforementioned year. Positive response toward usage of green solvents for numerous end use industries including pharmaceutical, chemical, oil and gas, food processing etc. is driving the expansion of regional ionic liquids market.

Sample Table of Content for Ionic Liquids Market:
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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Toxicity issues of some of the traditional liquids such as tetraalkylammonium, N-alkylpyridinium over their release in water and soil is a persistent concern, which may act as a restraint in the industry growth. However, continuous technological interventions to upgrade the product quality is likely to add growth opportunities to the ionic liquids market. Prominent ionic liquids industry participants include Solvionic, Coorstek, BASF, TCI, and IOLITECH GmbH.

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