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Ionic Liquids - Global Market Trajectory & Analytics

  • ID: 4845819
  • Report
  • April 2021
  • Region: Global
  • 185 Pages
  • Global Industry Analysts, Inc
Global Ionic Liquids Market to Reach $55.4 Million by 2027

Amid the COVID-19 crisis, the global market for Ionic Liquids estimated at US$32.5 Million in the year 2020, is projected to reach a revised size of US$55.4 Million by 2027, growing at a CAGR of 7.9% over the analysis period 2020-2027. Solvents & Catalysts, one of the segments analyzed in the report, is projected to record a 8.5% CAGR and reach US$14.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Process & Operating Fluids segment is readjusted to a revised 7.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $8.8 Million, While China is Forecast to Grow at 12% CAGR

The Ionic Liquids market in the U.S. is estimated at US$8.8 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$12.5 Million by the year 2027 trailing a CAGR of 12% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Plastics Segment to Record 7.4% CAGR

In the global Plastics segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.4 Million in the year 2020 will reach a projected size of US$6.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.7 Million by the year 2027, while Latin America will expand at a 8.7% CAGR through the analysis period.

Select Competitors (Total 38 Featured):
  • BASF SE
  • Evonik Industries AG
  • Merck KgaA
  • Proionic GmbH
  • Reinste Nano Ventures Pvt., Ltd. (RNV)
  • Solvay SA
  • Solvionic SA
  • Strem Chemicals, Inc.
  • Tatva Chintan Pharma Chem Pvt. Ltd.
  • The Chemours Company
Frequently Asked Questions about the Global Market for Ionic Liquids

What is the estimated value of the Global Market for Ionic Liquids?

The Global Market for Ionic Liquids was estimated to be valued at $32.5 Million in 2020.

What is the growth rate of the Global Market for Ionic Liquids?

The growth rate of the Global Market for Ionic Liquids is 7.9%, with an estimated value of $55.4 Million by 2027.

What is the forecasted size of the Global Market for Ionic Liquids?

The Global Market for Ionic Liquids is estimated to be worth $55.4 Million by 2027.
Note: Product cover images may vary from those shown

I. METHODOLOGY
II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Ionic Liquids Market to Continue Experiencing Strong Growth Led by Expanding Applications
  • Unique Characteristics of Ionic Liquids Contribute to Market Growth
  • Competition
  • Exhibit 1: Global Ionic Liquids Market: Percentage Breakdown of Sales by Leading Players for 2019E
  • Impact of Covid-19 and a Looming Global Recession
  • Ionic Liquids Emerge as Potential Materials to Capture and Use Carbon Dioxide
  • Corrosion Inhibitors in Industrial Metals and Alloys: Ionic Liquids Emerge as Green Options
  • Ionic Liquids Grab Attention of Chemists for Use in Synthesis and Catalysis Applications
  • Ionic Liquids Evolve as Designer Solvents for Synthesizing New Functional Materials
  • Growing Interest in Ionic Liquids as Solvents
  • Ionic Liquids Emerge as Promising Solvents for N-Heterocycles Synthesis
  • Global Concerns over Plastic Waste: Could Ionic Liquids Present a Solution to Recycle Plastics
  • Biomass Processing: The Ability of Ionic Liquids to Dissolve Cellulose to Favor Market
  • Growing Interest in Renewable Energy Sources Turns Focus onto Biorefineries: A Favorable Factor for Ionic Liquids Market
  • Exhibit 2: Biorefinery Technologies Market Worldwide: Revenues in $ Billion for the Years 2018, 2020, 2022 and 2024
  • Widening Use of Ionic Liquids in Surface Electrochemistry
  • Use of Ionic Liquids as Novel Electrolytes for Secondary, Rechargeable Batteries Gains Prominence
  • Ionic Liquids Find Use in Lithium Batteries
  • Using Ionic Liquids as Electrolytes in Sodium Ion Batteries
  • Polymeric Ionic Liquids - Alternative Electrolyte/Binder Candidates for Li-based Rechargeable Batteries
  • Need to Reduce Friction and Wear of Machine Tool Drives Use of Ionic Liquids as Additives to Cutting Fluids
  • Potential Role of Ionic Liquids as Additives to Canola Oil for MQL Machining of Carbon Steel
  • Ionic Liquid-Based Nanofluids: A Research Stage Material with Tremendous Growth Potential
  • Exploring the Role of Ionic Liquids as Green Solvents in the Textile Industry
  • PRODUCT OVERVIEW
  • Ionic Liquid: An Introduction
  • Ionic Liquids: A Journey through History
  • Uses and Applications

III. MARKET ANALYSIS
  • Active Players in United States
  • Active Players in France
  • Active Players in Germany
  • Active Players in India

IV. COMPETITION
  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown