Ionic Liquids Market Overview, Trend and Growth Analysis by 2021

The growing demand for the solvent & catalysis application which requires these liquids due to properties such as low vapor pressure and VOC content has boosted the growth of this industry.

The Global Ionic Liquid Market is expected to reach USD 62.3 million by 2025, according to a new report by Grand View Research, Inc.

The extraction and separation application is mainly influenced by biodegradability which is dependent on the presence of cations has led to the replacement of industrial solvents by ionic liquids, which in turn is expected to drive the industry over the next nine years.

There is a rise in the demand for the product, as these solvents comply with the environmental norms laid down by Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) which in turn is positively impacting the industry. Germany, United Kingdom and the rest of Europe are becoming increasingly attractive markets owing to increasing focus by governments on compliance with environmental norms in the region. The U.S. is expected to show high growth in the solvent & catalysis application on account of investments by big players in research and development initiatives.

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The product is widely used in the bio-refinery and energy storage applications owing to their ability to provide water miscibility and viscosity control. The demand for the product is expected to witness rapid growth on account of bio-refinery and energy storage funding in the emerging countries such as China, India, and Japan.

Top Players of Ionic Liquids Market:

The market is categorized by a large number of participants with key market share being collectively held by BASF, Evonik, Solvay and Chemour.

Market Segmentation of Ionic Liquids Market:

The Global Ionic Liquid Market segmented on the basis of Application and Region.

By Application:

    Solvents & Catalysts
    Extractions & Separations
    Bio-Refineries
    Energy storage

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East and Africa

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