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Global Ionic Liquids Market Insight January 6, 2022 Comments

The Ionic Liquids is forecast to crazy over the next four years. According to the World Knowledge Information (WKI) “Global Ionic Liquids Professional Survey Report 2020, Forecast to 2025”, with the increasing demand of the automotive and consumer goods industry,the Ionic Liquids industry is developing at an incredible speed. According to the WKI regression analysis model, the compound annual growth rate (CAGR) for the period 2021-2026 is expected to be 18.40%.

Analysts’ Viewpoint:

“The use of Ionic Liquids technology in the manufacture and use of medicines and cosmetics is expected to provide various opportunities for market growth, Senior analyst, Chemical & Material Market Research Center in WKI.”It is expected that during the forecast period, the automotive and consumer goods industry will dominate the global Ionic Liquids market.”

Market insight:

Ionic liquids are compounds or salts composed of ions, which remain liquid at temperatures below 100°C or even room temperature. This product is increasingly being adopted by various products, such as the recycling of rare earth metals, cleaning solvents and safer batteries. Due to economic growth and population growth, the significant expansion of end-use industries such as automobiles and consumer goods should promote the development of the chemical industry, thereby boosting the demand for catalysts and ionic liquids. The continuous efforts of the manufacturing industry to achieve cost savings, increase production, energy efficiency, and ensure compliance with environmental regulations should promote the adoption of catalysts because they help reduce the activation energy of chemical reactions.

Competition Landscape:

This WKI market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Ionic Liquids companys that include BASF, Evonik Industries AG, Merck KGaA .etc.

Segmentation of Ionic Liquids Market:

Ionic liquids are mainly used in solvents and catalysts, process and operating fluids, plastics, electrochemistry and batteries, and biorefineries. The US ionic liquid market exceeded US$525 million in 2020. The country has witnessed increasing investment by manufacturers in new automotive technologies such as electric vehicles (EV), networking and autonomous driving technologies, which will boost the automotive industry and promote market growth. Since ionic liquids can reduce cracking, vibration and noise, surface damage and wear loss, ionic liquids are increasingly used as lubricant additives in gear oils.Subdivided by type can be divided into: quaternary ammonium ion, quaternary phosphonium ion, imidazole ion. Imidazole ions will dominate the ionic liquid market due to their high melting point and easy soluble in water.

Ionic Liquids Market: Regional Analysis

In terms of geography, the global Ionic Liquids market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America is the largest market for ionic liquids, accounting for more than 30% of 2015 revenue. Thanks to government support, the existence of many well-known mining companies in the United States is expected to play a key role in increasing the demand for ionic liquids. In addition, the prevalence of many regional players in the United States and Canada will drive product growth. Due to the government’s environmental compliance measures, the United States is expected to lead the North American market.

Cagr: 18.40%

Largest share area:North America
Largest share country:the United States