Press release
Ionic Liquids Market Outlook To 2024
Ionic Liquids Market
The global ionic liquids market was valued at $25 million in 2016 and is forecast to grow at a steady CAGR of 8.4% between 2017 and 2024, culminating in 2024 global revenue of $60.2 million. Increasing demand from solvent, catalysis, and solvent extraction applications due to superior properties such as low vapor pressure & VOC content is driving ionic liquid market growth. Emerging green solvents demand in chemicals, pharmaceuticals and electronics industries is projected to further uplift market growth over the forecast period.
Increasing demand for the solvent, catalysis and extraction application which requires these liquids due to properties such as low vapor pressure and VOC content is boosting the growth of ILs industry. Emerging green solvents demand in chemicals, pharmaceuticals and electronics industries are adding advantage for the growth.
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Key findings from the study: -
o The global Ionic Liquids (IL) market is expected to grow to 60.2 million USD by the year 2024 with existing 25 million USD in 2016.
o Increasing demand for the solvent, catalysis and extraction application which requires these liquids due to properties such as low vapor pressure and VOC content is boosting the growth of ILs industry.
o Green solvents are having industrial applications in segments like paints & coatings, printing inks, adhesives, pharmaceuticals and cosmetics. Global solvents market was estimated at over 19.2 million tons in 2015, it is expected to reach 24.1 million tons by 2024 at a CAGR of 3.2%.
o Top Players in this segment are BASF, Dupont, Linde,3M, Cytec, STREM Chemicals, Ionic Liquids Technologies, Lonza, Rhodia Group, Mitsubishi Materials Electronic Chemicals Co., Ltd., Solvionic, Koei Chemical Co.Ltd., FutureChem Co. Ltd., Shanghai Chengjie, Henan Lihua Pharmaceutical Co., Ltd, Reinste Nanoventure.
Ameri Research has segmented the Ionic Liquids Market by material categories, product type, end-use and region:
Market Segmentation
This report provides comprehensive analysis of,
o Market growth drivers
o Top players
o Product outlook
o Technology outlook
Regional outlook
o North America
o Europe
o Asia Pacific
Application outlook
o Solvent
o Catalyst/synthesis
o Food processing and Bio refining
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Ameri Research Inc. (www.ameriresearch.com) is a U.S. based market research and consulting company, registered in the State of Florida and headquartered in Tampa Bay Area. At Ameri Research we are passionately curious about people, markets, brands and society. Our ability to gauge market movements, deep expertise in data science, strong domain expertise and years of collective global experiences helps us to bring unmatched quality in deliverables to our clients. With carefully planned systems and processes in place, we cater to the requirements of our clients in a timely and cost-efficient manner, bringing increased predictability to their business. Each year we are publishing more than 100 syndicated reports in healthcare, chemicals, materials, food & beverages, defense & aerospace, media & entertainment, sports & fitness, and energy. We offer our clients a unique depth of knowledge and expertise around-
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