MRO Magazine

Ionic Liquids Market Worth USD 39.6 Million by 2021 – Key Players are Proionic, Solvay & Strem Chemicals – Research and Markets


May 27, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Ionic Liquids Market – Global Forecast to 2021” report to their offering.

The rising demand for ionic liquids owing to their unique properties along with further development and commercialization of ionic liquid applications are the key drivers of the market. However, high costs of these liquids restraint the growth of this market. The market size of ionic liquids is estimated to reach USD 39.6 million by 2021 at a CAGR of 9.2% between 2016 and 2021.

Ionic liquids, also called designer solvents, and their properties can be customized according to the requirements of the processes and applications. These properties are influenced by the cation and anion used. Cations influence the toxicology and bio-degradability, whereas anions influence water stability. Viscosity, water miscibility, and cost of the liquids are influenced by the cation and anion used.

Growing popularity of these liquids and their increase in use in various applications play a significant role in driving the market. Ionic liquids have unique set of properties, which makes them a potential replacement of industrial solvents or essential component in various applications.

Asia-Pacific is the largest market for ionic liquids. China is the largest and fastest-growing market for ionic liquids. India, China, Japan, and Malaysia are important markets in Asia-Pacific. These countries have been adopting newer processes using ionic liquids. Companies have been developing newer ionic liquids according to their application needs. The region has a large number of refineries that provide a major growth potential for ionic liquids, as these liquids can be used both as a solvent and a catalyst in various industrial applications.

Companies Mentioned:

  • BASF SE
  • Coorstek Specialty Chemicals
  • Evonik Industries
  • Ionic Liquids Technologies Gmbh
  • Jinkai Chemical Co., Ltd.
  • Merck KGAA
  • Proionic
  • Reinste Nanoventure
  • Solvay S.A.
  • Solvionic SA
  • Strem Chemicals Inc.
  • Tatva Chintan Pharma Chem Pvt. Ltd.
  • The Chemours Company

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Ionic Liquids Market, By Application

8 Ionic Liquids Market, By Region

9 Company Profiles

For more information visit http://www.researchandmarkets.com/research/kptww3/ionic_liquids

Research and Markets
Laura Wood, Senior Manager
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