A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Ionic
Liquids Market.
The study, titled “Ionic
Liquids Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Ionic
liquids are a class of solvents with combination of cations and
anions. They are used to define organic salts with temperature less
than 100?C and are often referred as room temperature molten salt or
liquid organic salts. Ionic liquids have gained momentum in the
chemical industry due to the key properties they possess. These
include low vapor pressure, moderate density, polarity, specific
conductivity, and low viscosity. Currently, ionic liquids are used as
green solvents due to non-volatility, easy recyclability, and
non-flammability. Furthermore, ionic liquids are thermodynamically
stable and non-corrosive. Though ionic liquids are costly, the unique
properties and good device performances make them special solvents to
be used.
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Based
on application, the ionic liquids market is segmented into chemical
processing, functional fluids, metal processing, electronic devices,
separation process, and polymer processing. Based on solvating
property, the ionic liquids market is segmented into organic &
inorganic industrial applications and polymeric industrial
application. Based on technological application, the ionic liquids
market is divided into non-volatile plasticizers, thermal fluids,
hydraulic fluids, high temperature lubricants, low temperature
lubricants, electro chemical cells & devices and analytical
chemistry .Key properties of ionic liquids help to provide better
flexibility in their applications.
The
ionic liquids market has witnessed a decent growth in 2015 and it is
expected to grow significantly during the forecast period
(2016-2024). Technical advancements in Electronics plays a
significant role in driving overall ionic liquids market as ionic
liquids are used in IC engines and Micro Electro Mechanical Systems
(MEMS). Increase in environmental and health concerns and strong
regulatory pressures are also driving the ionic liquids market. Ionic
liquids are used as an alternative for traditional solvents and are
considered as greener solvents. The growth of interior designing
market has boosted the ionic liquids market as ionic liquid is widely
consumed for furniture coating purposes. Dispensable income is
another factor which drives ionic liquids market. Industrial
development in developing countries also account for the growth of
ionic liquids market. Besides this, developments in adhesives, inks,
and chemical processing sectors account for large share of the ionic
liquids consumption and act as ionic liquids market boosters. Recent
advancements in pharmaceutical industry, textile industry and
agriculture sector have a positive impact on ionic liquids market.
Decline in demand for traditional solvents is another factor that is
augmenting the global ionic liquids market.
In
terms of region, the global ionic liquids market has been segmented
into Asia-Pacific, North America and Europe. Asia Pacific accounts
for the major consumption of ionic liquids with countries such as
China and Japan followed by India. Key players operating in the ionic
liquids market are based in North America and Europe; however, the
market growth is likely to be flat in these regions. Regulatory norms
adopted by REACH in the EU countries are projected to boost the green
solvent market. Among EU region, Germany has a significant share of
ionic liquid consumption in pharmaceutical industry applications.
Though not that competitive, ionic liquids market has been able to
set a change in market trends in Latin America, Middle East and
Africa.
Major
players operating in the global ionic liquid market are BASF SE,
Merck KGaA, Evonik Industries AG, Ionic Liquids Technologies, The
Chemours Company, Proionic, Solvionic SA, Reinste Nanoventure, Strem
Chemicals Inc, Jinkai Chemical Co.,Ltd and Sigma-Aldrich Co.LLC ,
Coors Tek Inc, IOLITECH GmbH, Tatva Chintan Pharma Chem Pvt Ltd and
Scionix Holland B.V.
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to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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