The global Ionic Liquids market was valued at USD 25.7 million in 2016 and is projected to reach USD 55.9 million by 2025, growing at a CAGR of 9.0% from 2017 to 2025.
Ionic liquids are salts in which ions are arranged in poorly coordinated manner. The growing demand for these products can be attributed to the presence of free radicals. Ionic liquids are majorly used as solvents. The process improvements achieved in the chemical industry due to the application of ionic liquids is expected to boost market demand.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Favorable properties of ionic liquids
1.2 R & D on new applications
2. Market Restraints
2.1 High cost of ionic liquids
Market Segmentation:
The global Ionic Liquidsmarketis segmented on the basis ofapplication,and region.
1. By Application:
1.1 Process and Operating Fluids
1.2 Catalysts and Solvents
1.3 Batteries and Electrochemistry
1.4 Bio-Refineries
1.5 Plastics
1.6 Others
2. By Region:
2.1 North America (U.S., Canada, Mexico)
2.2 Europe (Germany, UK, France, Rest of Europe)
2.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
2.4 Latin America (Brazil, Argentina, Rest of Latin America)
2.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Evonik
2. BASF SE
3. Merck KGaa
4. Proionic
5. The Chemours Company
6. Strem Chemicals Inc.
7. Solvionic SA
8. TatvaChintanPharmaChem Pvt. Ltd.
9. ReinsteNanoventure
10. Jinkai Chemical Co.
11. Coorstek Chemical Co. Ltd.
12. Ionic Liquids Technologies GmbH
13. Solvay SA
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Ionic Liquidsmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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