Ionic Liquids Market to Grow at a CAGR of 9.2% to 2021 Led by Solvents & Catalysts Application

May 18, 2016, 12:45 ET from ReportsnReports

PUNE, India, May 18, 2016 /PRNewswire/ --

The market size of ionic liquids is rising at a CAGR of 9.2% between 2016 and 2021 due to propelling growth factors like 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.

Complete report on global ionic liquids market spread across 97 pages, profiling 13 companies and supported with 32 tables and 37 figures is now available at .

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 increased use in various applications is to 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. These liquids have low vapor pressure and VOC content, making them preferable to industrial solvents. Solvents & catalysts, process & operating fluids, plastics, batteries & electrochemistry, and bio-refineries are some of the most important applications of ionic liquids. With stringent regulations set by REACH and EPA regarding VOC contents, ionic liquids shall replace industrial solvents, which have high demand in a wide array of 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. China Ionic Liquids Laboratories and Petronas Ionic Liquids Centre are some of the institutes conducting research on ionic liquid applications. Asia-Pacific is also one of the major chemicals manufacturing regions. 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.

The key companies profiled in this market research report are BASF SE (Germany), Evonik Industries AG (Germany), Merck KGaA (Germany), Ionic Liquids Technologies (IoLiTec) GmbH (Germany), The Chemours Company (U.S.), Proionic (Austria), Solvionic SA (France), CoorsTek Specialty Chemicals (U.S.), Jinkai Chemical Co., Ltd. (China), Reinste Nanoventure (India), Tatva Chintan Pharma Chem Pvt. Ltd. (India), and Strem Chemicals Inc. (U.S.). Order a copy of Ionic Liquids Market by Application (Solvents & Catalysts, Process & Operating Fluids, Plastics, Batteries & Electrochemistry, Bio-Refineries) and by Region (North America, Europe, Asia-Pacific and Rest of World) - Global Forecast to 2021 research report at .

To determine the market size of various segments and sub-segments of the PIM market, extensive secondary research is done. In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (25%), Tier 2 (25%) and Tier 3 (50%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (50%), Directors Level (31%) and others (19%) from various key organizations operating in the global ionic liquids market. The primary interviews were conducted worldwide covering regions such as North America (40%), APAC (25%), Europe (20%) and RoW (15%).

On a related note, another research on Flame Retardant Market Global Forecast to 2021 says, building & construction end-use industry to dominate the flame retardants market. Asia-Pacific is to dominate the flame retardants market. The overall market is to reach USD 12.81 billion by 2021 at a CAGR of 6.4% between 2016 and 2021. Companies like Albemarle, ICL, Chemtura Corporation, Clariant, The Dow Chemical Company, Nabaltec AG, Lanxes AG, Italmatch, Huber Engineered Materials and Akzo Nobel have been profiled in this 172 pages research report available at .

Explore more reports on the Chemicals market at .  

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