U.S. ionic liquids market Trend, by application, 2017 – 2022.

Ionic liquids market size is anticipated to be over 50 kilo tons by 2022, growing at a CAGR of over 22%.

Intensified government efforts to reduce VoC use leading to large scale acceptance of green solvents will spur ionic liquids market revenue over the years to come. Furthermore, beneficial features such as thermal stability, high viscosity, low combustibility, non-flammability, low vapor pressure, and solvating properties will further augment the industry growth. According to Global Market Insights, Inc., “Ionic liquids market value is anticipated to hit USD 2 billion by 2022.”

Ionic liquids find extensive applications across pharmaceuticals, food, automotive, catalysis, paper & pulp, biotechnology, and electronics sectors. Apart from this, they are also used in gas handling, cellulose processing, solar thermal energy, carbon capture, waste recycling, and nuclear reprocessing.

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Catalysis application, worth USD 150 million in 2014, is projected to observe a high surge over the coming timeframe. Ability of ionic liquids to act both as solvent as well as co-catalyst is expected to drive the growth. Ionic liquids market share in the food sector is expected to grow considerably over the coming five years, driven by rising end-user trends towards processed diets along with high disposable incomes.
Electronics application is anticipated to make significant gains over the coming timeframe, driven by the enhanced product use in lithium-air as well as lithium-ion batteries. Ionic liquids industry size in pharmaceuticals sector is likely to make substantial gains of 25.6% over the period of 2015-2022.

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Below are the regional trends positively impacting global ionic liquids market over 2015-2022:

• High product demand across the pharmaceuticals sector is likely to spur Japan ionic liquids industry size over the coming years.
• U.S. ionic liquids market revenue worth USD 200 million in 2014, is projected to observe a considerable growth over the period of 2015-2022. Strict legislations to reduce VoC emissions are projected to accelerate the regional revenue.
• Growing popularity of ionic liquids in pharmaceuticals sector is forecast to augment the growth of Germany ionic liquids industry over the years to come.
• High acceptance of green solvents owing to growing ecological & toxicity concerns is projected to drive ionic liquids market size in China.

Market players will try to enhance their ROI through product developments, technological innovations, joint ventures, and strategic alliances. Key industry participants include Ionic Liquids Technologies GmbH, BASF, Strem Chemicals Incorporation, Solvionic SA, Merck and Scionix, Wuhu Huaren Science and Technology Company Limited, CoorsTek, Santa Cruz Biotechnology, and Sooyangchemtec Company Limited.

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