Ionic Liquids Market 2020 By Regional Statistics, CAGR, Trend & Growth Forecast To 2024
Category: #reports  By Rahul Sankrityayan  Date: 2020-04-24
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Ionic Liquids Market 2020 By Regional Statistics, CAGR, Trend & Growth Forecast To 2024

According to a new research report ,Ionic Liquids Market is set to surpass USD 2.2 billion by forecast. The report is inclusive of a completely comprehensive study of the Ionic Liquids Market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market.

A highly methodical quantitative as well as qualitative analysis of the global Ionic Liquids market has been covered in the report. The study evaluates the numerous aspect of this industry by studying its historical and forecast data. Also provided in the research report are a Porter’s five force model, in tandem with the SWOT analysis and PESTEL analysis of the Ionic Liquids market.Get Sample For Technological Breakthroughs @ https://www.decresearch.com/request-sample/detail/121

Growth Driver

  1. Alternative to organic solvents
  2. Wide application scope

An intumescent is a matter that swells on presentation to course, thus doubling in density and are extensively used in fire protection for various end applications such as automotive, oil & gas, and construction. It is a cover of a protecting substance that works by chemical response triggered by heat producing of an insulating coating outdoors the release of water. Valid safety controls along with escalating charge for cost-effective and high-performance solutions for fire and corrosion screen is likely to boost the intumescent coatings business share.

Ionic liquids market is generating a heavy momentum in the chemical industry space, owing to the growing concerns over VOCs and other toxicity emissions from organic solvents. Driven by the regulatory pressure and the growing awareness regarding environmental issues, green solvents are being extensively used for wide range applications which include paints and coatings, adhesives, pharmaceuticals, printing inks, and even in cosmetics.

Better environmental portfolio characterized by low viscosity, superior thermal stability, non-combustibility, and negligible vapor pressure gives ionic liquids industry a competitive advantage over organic solvents. Some of the liquids such as imidazolium, pyrrolidinium, ammonium, piperidinium experience high market demand owing to their tremendous production flexibility. Concurrently, favorable programs initiated worldwide by bodies such as REACH, EPA to curb environmental emissions is expected to complement the market dynamics.

China is projected to be the major hub for ionic liquids industry in the coming five years. Records depict that China accounted for 17% of the overall ionic liquids industry share in 2014. An appreciable shift in consumer preference for green solvents over conventional organic solvents to mitigate the global environmental concerns is fueling the regional market demand. With a strong target of reducing the pollution level within next few years, China ionic liquids market is set to attain the highest annual growth rate of 24.2% over 2016-2022. In addition, a large number of small and medium scale manufacturing units in the country is expected to augment the industry size in the years ahead.

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By Application

  • Catalysis/Synthesis
  • Food
  • Paper & Pulp
  • Electronics
  • Biotechnology
  • Automotive
  • Pharmaceuticals

Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

North America Region (U.S., Canada, Mexico)

South America Region (Argentina, Brazil, Columbia, Rest of South America)

Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)

The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)

U.S. Ionic liquids industry dominated the global landscape in 2014, with a revenue collection of over USD 200 million. It almost covered 35.9% of the total volume in the aforementioned year. Positive response toward usage of green solvents for numerous end use industries including pharmaceutical, chemical, oil and gas, food processing etc. is driving the expansion of regional ionic liquids market.

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Toxicity issues of some of the traditional liquids such as tetraalkylammonium, N-alkylpyridinium over their release in water and soil is a persistent concern, which may act as a restraint in the industry growth. However, continuous technological interventions to upgrade the product quality is likely to add growth opportunities to the ionic liquids market. Prominent ionic liquids industry participants include Solvionic, Coorstek, BASF, TCI, and IOLITECH GmbH.

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Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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