18 June 2020
Visiongain has launched a new report Ionic Liquids Market Report 2020-2030: Forecasts by Application (Solvents & Catalysts, Extractions & Separations, Bio-refineries, Energy Storage, Others) Plus Detailed Description of Leading Players and Regional & Country Level Analysis.
Visiongain has forecasted that the global ionic liquids market will see a revenue of $xyz million in 2020. Ionic liquids are ionic salts which are in liquid in low temperatures and have melting points lower than boiling point of water. Ionic liquids are used as solvents & catalysts industry in various industries, as they increase the yield and improve the productivity of a chemical reaction. Ionic liquids exhibit low vapor pressures, low VOC content, and low volatility. VOCs are one of the leading causes of air pollution on the ground level. Growing implementation on certain regulations by the United States Environmental Protection Agency (US EPA) and promoting the use of green solvents is projected to boost the growth of the ionic liquids market in the North America region over the forecast period.
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The global ionic liquids market is primarily driven by the growing demand for commercialization and the development of ionic liquids applications. The ionic liquids are being used in a wide range of applications such as process & operating fluids, solvents & catalysts, bio-refineries, plastics, electrochemistry, and batteries.
Increasing demand for energy, rising environmental concerns, and awareness coupled with the growing depletion of fossil fuel around the globe are some of the macroeconomic factors driving the market on a global level. The rising government restrictions on the use of VOCs in regions such as North America and Europe are expected to fuel the growth of the ionic liquids market during the forecast period. The increasing manufacturing capabilities and rising ionic liquids production in the Asia Pacific region on account of increasing demand in new and improved applications that need low VOC compounds are anticipated to drive the industry in the coming years.
Asia-pacific is one of the fastest growing regions in the Ionic liquids market and is expected to grow at a significant pace over the forecast period. The Asia market is mainly driven by strategic and ambitious government initiatives and stringent regulations in countries such as China, India, Japan, and many other South Asian countries.
Additionally, several manufacturers are shifting their production units in South East Asian countries owing to the presence of cheap labour and relaxed or non-existing stringent laws imposed by the government. New breakthroughs in the ionic liquid industry and increasing use of bio-refineries, which uses chemicals and biomass-based products as compared to oil-based to produce bio fuels is expected to fuel the market for ionic liquids during the forecast period.
• BASF SE
• Evonik Industries AG
• Merck KGaA
• The Chemours Company
• Proionic GmbH
• Solvionic SA
• Iolitec Ionic Liquids Technologies GmbH
• CoorsTek Inc.
• Solaronix SA
• Santa Cruz Biotechnology, Inc.
• Reinste Nanoventure
• Tatva Chintan Pharma Chem Pvt. Ltd.
• Scionix Ltd.
• Strem Chemicals Inc.
• Jiangxi Jinkai Chemical Co., Ltd
• Tokyo Chemical Industry Co.
• KOEI CHEMICAL COMPANY, LIMITED
• Wuhu Huaren Science and Technology Co.,Ltd.
Visiongain's global Ionic Liquids market report can keep you informed and up to date with the developments in the market, across five different regions: North America, Europe, Asia-Pacific, South America and Middle-East & Africa.
With reference to this report, it details the key trends in the global market, subdivided by applications and by regions. Through extensive secondary research and interviews with industry experts, Visiongain has identified a series of market trends that will impact the Ionic Liquids market over the forecast timeframe.
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