Ionic Liquids Market is set to witness a higher CAGR in the forecast period. Ionic liquids are salts comprising cations such as pyridinium, imidazolium, and quartenary phosphonium. Anions such as triflate, halogen, tetrafluoroborate, and hexafluorophosphate also find existence in the liquid state reasonably at low temperatures. Features such as non-flammability, non-combustibility, no vapor pressure, and high ionic conductivity exist in ionic liquids.
As
a solvent, only the ions are solvated under which the reaction moves ahead
under a different phase when compared to using ordinary organic solvents and
water. Therefore, applications for several organic reactions are explored using
R&D techniques. Ionic liquids market is driven by stringent regulations by
government to curb toxicity by lessening the impact of volatile organic
compounds. The liquids are highly used for biomass conversion on a commercial
scale.
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By
reaction, ionic liquids industry is segmented as diels-alder reaction, heck
reaction, aldol condensation, Suzuki-miyaura coupling reaction, wittig
reaction, stille reaction and friedel-crafts reaction. Application segment for
ionic liquid market include solvent, catalysts, bio-refineries, extractions
& separations and energy storage. Geographical segmentation for ionic
liquids market includes North America, South America, Europe, Asia-Pacific,
Middle East and Africa.
North
America is expected to account for a moderate market share in the forecast
period owing to presence of low number of chemical manufacturers and stringent
government norms and regulations. Asia-Pacific regions are expected to witness
a substantial market share in the forecast period due to presence of numerous
regional players in the region. The key players in the ionic liquids industry
include BASF SE, Merck KgaA, Cytec Solvay Group, Strem Chemicals, Ionic Liquids
Technologies GmbH, Reinste Nano venture Solvionic SA, Tatva Chintan Phara Chem
Pvt Ltd and Tokyo Chemical Industry Co Ltd.
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Global Ionic Liquids Application
Outlook (Revenue, USD Million, 2014 - 2025)
• Solvents & Catalysts
• Extractions & Separations
• Bio-Refineries
• Energy storage
• Others
Global
Ionic Liquids Region Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• India
• Latin America
• Brazil
• Middle East and Africa
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