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 wit...