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Ionic Liquids: Environmentally Sustainable Solvent, Energy Storage and Separation Processes

  • ID: 5457443
  • Report
  • October 2021
  • Region: Global
  • 173 Pages
  • BCC Research

FEATURED COMPANIES

  • BASF SE
  • Koei Chemical Co., Ltd.
  • Ottokemi
  • Proionic Gmbh
  • Solaronix Sa
  • Solvay

The global ionic liquids market should reach $55.8 million by 2026 from $43.0 million in 2021 at a compound annual growth rate (CAGR) of 5.4% for the forecast period of 2021 to 2026.

The solvents and catalysts segment of the global ionic liquids market is expected to grow from $17.8 million in 2021 to $23.7 million in 2026 at a CAGR of 5.9% for the forecast period of 2021 to 2026.

The biotechnology segment of the global ionic liquids market is expected to grow from $6.0 million in 2021 to $8.4 million in 2026 at a CAGR of 7.2% for the forecast period of 2021 to 2026.

Report Scope

This report reviews both global and regional ionic liquid markets for different end-use industries. The report analyzes the current market status and trends and provides growth forecasts for the five-year period from 2020 to 2026. The report has detailed analyses of key trends and opportunities that would help market growth. It will also analyze the major challenges faced by manufacturers and end-users of ionic liquids.

The report will also have a separate section highlighting the impact of COVID-19 on the ionic liquid market at a global level. The section will include the impact of COVID-19 on the demand and supply of ionic liquids, as well as various strategic decisions taken by the government to boost the market.

The market size and estimations are provided in terms of value ($ thousands), with 2020 as the base year and market forecasts from 2021 to 2026. For companies that reported their revenue in other currencies, the average annual currency conversion rate was used for the particular year to convert the revenue to U.S. dollars.

The report study will be segmented into four geographical regions: North America, Europe, Asia-Pacific and the Rest of the World (ROW), along with a segmental analysis based on applications. The impact of COVID-19 will be considered while estimating the market size.

The Report Includes

  • 83 tables
  • An overview of the global markets and applications of ionic liquids
  • Analyses of global market trends, with data from 2020, estimates for 2021 and projections of compound annual growth rates (CAGRs) through 2026
  • Coverage of milestones in the history of ionic liquids; explanation of characteristics of ionic liquids such as low vapor pressure, stability, and environmental friendliness, and discussion on current events within the industry
  • Description of commercial ionic liquids production technologies and discussion on ionic liquids as a sustainable replacement of traditional organic solvents
  • Detailed analysis of the current market trends and forecast, relevant R&D activities, new products launches and product enhancement in the industry and discussion of regulatory elements that are affecting the future marketplace
  • Analysis of supply and sourcing issues, latest development, commercialization hurdles, market trend, and demand-side analysis
  • Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
  • Comprehensive company profiles of the suppliers of different types of ionic liquids, including BASF SE, Ionic Liquid Chemicals LLC, Koei Chemical Co., Ltd., Proionic GMBH, Solvay and Synthio Chemicals Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF SE
  • Koei Chemical Co., Ltd.
  • Ottokemi
  • Proionic Gmbh
  • Solaronix Sa
  • Solvay

Chapter 1 Introduction

  • Definition
  • Market Overview
  • Study Goals and Objectives
  • Reasons for Doing This Study
  • What's New in This Report?
  • Scope of Report
  • Methodology and Information Sources
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Reports

Chapter 2 Summary and Highlights

Chapter 3 Technology Background

  • Structure of Ionic Liquids
  • Types of Ionic Liquids
  • Imidazolium Ionic Liquids
  • Pyridinium Ionic Liquids
  • Ammonium Ionic Liquids
  • Phosphonium Ionic Liquids
  • Pyrrolidinium Ionic Liquids
  • Piperidinium Ionic Liquids
  • Generations of Ionic Liquids
  • Physical and Chemical Properties
  • Electrical Conductivity
  • Electrochemical Stability
  • Physical and Thermal Stability
  • Color
  • Hygroscopicity
  • Solvency
  • Toxicity
  • Ionic Liquid Synthesis Methods

Chapter 4 Market Overview

  • Overview
  • Industry Structure
  • Pricing Analysis
  • Overview
  • Pricing Methodology
  • Pricing Analysis
  • Market Dynamics
  • Drivers
  • Restraints
  • Opportunities

Chapter 5 Market Trends

  • Value Chain Analysis
  • Raw Materials and Product Manufacturing
  • Distribution
  • End Users
  • Impact of COVID-19 on Ionic Liquid Market
  • Introduction
  • Impact on Demand
  • Impact on Supply
  • Conclusion
  • Ionic Liquid-Based Technology Commercialization
  • BASF SE
  • Evonik
  • Eastman Chemical Co.
  • Sigma-Aldrich (a subsidiary of Merck Group)
  • Queens University Ionic Liquids Laboratory (QUILL) and Petroliam Nasional Berhad (PETRONAS)
  • Chevron Corp.
  • Air Products Inc.
  • Linde PLC
  • IoLiTec Ionic Liquids Technologies GmbH
  • Proionic GmbH
  • Central Glass Co., Ltd.
  • NoHMs Technologies
  • Eli Lilly and Co.
  • IFP Group

Chapter 6 Market Breakdown by Application

  • Electrochemical Devices
  • Electrolytes for Lithium-Ion Batteries (LiBs)
  • Supercapacitors
  • Dye-Sensitized Solar Cells
  • Biotechnology
  • Commercialization Initiatives
  • Industrial Solvents and Catalysts
  • Commercialization Initiatives
  • Plasticizer/Polymer Additive
  • Ionic Liquids as Lubricants
  • Separation Processes
  • Membrane Gas Separation
  • Liquid-Liquid Extraction
  • Extractive Distillation
  • Metal Finishing
  • Aluminum Electro-Deposition
  • Electropolishing
  • Chrome Electro-Plating
  • Others
  • Commercialization Initiatives

Chapter 7 Market Breakdown by Region

  • Overview
  • Market Opportunity by Major Regions
  • Europe
  • Asia-Pacific
  • North America
  • Rest of the World (ROW)

Chapter 8 Competitive Landscape

  • Competitive Landscape: Global

Chapter 9 Company Profiles

  • BASF SE
  • Henan Tianfu Chemical Co., Ltd.
  • Iolitec Ionic Liquids Technologies Gmbh
  • Ionic Liquid Chemicals Llc
  • Jinxi Jinkai Chemical Co., Ltd.
  • Koei Chemical Co., Ltd.
  • Ottokemi
  • Proionic Gmbh
  • Solaronix Sa
  • Solvay
  • Solvionic
  • Strem Chemicals Inc. (A Subsidiary Of Ascensus Specialties)
  • Synthio Chemicals Inc.
  • Tatva Chintan Pharma Chem. Ltd.

Chapter 10 Appendix: Acronyms and Chemical Names

List of Tables
Summary Table: Global Market for Ionic Liquids, by Application, Through 2026
Table 1: Imidazolium-Based Ionic Liquids and Their Potential Applications
Table 2: Pyridinium-Based Ionic Liquids and Their Potential Applications
Table 3: Ammonium-Based Ionic Liquids and Their Potential Applications
Table 4: Phosphonium-Based Ionic Liquids and Their Potential Applications
Table 5: Pyrrolidinium-Based Ionic Liquids and Their Potential Applications
Table 6: Piperidinium-Based Ionic Liquids and Their Potential Applications
Table 7: Merck KGaA Pricing
Table 8: BASF SE Pricing
Table 9: TCI Chemicals Pricing
Table 10: Proionic Pricing
Table 11: Otto Chemie Pvt., Ltd. Pricing
Table 12: Alfa Aesar Pricing
Table 13: Strem Chemical Pricing
Table 14: Sisco Research Pricing
Table 15: Low Range and High Range Pricing Considered for This Study
Table 16: Funding by Government Bodies
Table 17: Installation Cost for Sulfuric Acid and Ionic Liquids Alkylation Unit
Table 18: BASF SE: Company Overview, 2020
Table 19: Evonik: Company Overview, 2020
Table 20: Eastman Chemical Co.: Company Overview, 2020
Table 21: Sigma-Aldrich (Merck Group subsidiary): Company Overview, 2020
Table 22: Queens University Ionic Liquids Laboratory (QUILL): University Overview, 2020
Table 23: Petroliam Nasional Berhad (PETRONAS): Company Overview, 2020
Table 24: Chevron Corp.: Company Overview, 2020
Table 25: Air Products Inc.: Company Overview, 2020
Table 26: Linde PLC: Company Overview, 2020
Table 27: IoLiTec Ionic Liquids Technologies GmbH: Company Overview, 2020
Table 28: Proionic GmbH: Company Overview, 2020
Table 29: Central Glass Co., Ltd.: Company Overview, 2020
Table 30: NOHMs Technologies Inc.: Company Overview, 2020
Table 31: Eli Lilly and Co.: Company Overview, 2020
Table 32: IFP Group: Company Overview, 2020
Table 33: Global Market for Ionic Liquids, by Application, Through 2026
Table 34: Global Market for Ionic Liquids in Electrochemical Device Applications, Through 2026
Table 35: Global Market for Ionic Liquids in Biotechnology Applications, Through 2026
Table 36: Global Market for Ionic Liquids in Industrial Solvent and Catalyst Applications, Through 2026
Table 37: Global Market for Ionic Liquids in Separation Process Applications, Through 2026
Table 38: Global Market for Ionic Liquids in Metal Finishing Applications, Through 2026
Table 39: Global Market for Ionic Liquids in Other Applications, Through 2026
Table 40: Global Market for Ionic Liquids, by Region, Through 2026
Table 41: European Market for Ionic Liquids, Through 2026
Table 42: European Market for Ionic Liquids, by Country, Through 2026
Table 43: Asia-Pacific Market for Ionic Liquids, Through 2026
Table 44: Asia-Pacific Market for Ionic Liquids, by Country, Through 2026
Table 45: North American Market for Ionic Liquids, Through 2026
Table 46: North American Market for Ionic Liquids, by Country, Through 2026
Table 47: ROW Market for Ionic Liquids, Through 2026
Table 48: ROW Market for Ionic Liquids, by Sub-Region, Through 2026
Table 49: BASF SE: Company Overview, 2020
Table 50: BASF SE: Product Portfolio
Table 51: Henan Tianfu Chemical Co., Ltd.: Company Overview, 2020
Table 52: Henan Tianfu Chemical Co., Ltd.: Product Portfolio
Table 53: Iolitec Ionic Liquids Technologies GmbH: Company Overview, 2020
Table 54: Iolitec Ionic Liquids Technologies GmbH: Product Portfolio
Table 55: Ionic Liquid Chemicals LLC: Company Overview, 2020
Table 56: Ionic Liquid Chemicals LLC: Product Portfolio
Table 57: Jinxi Jinkai Chemical Co., Ltd.: Company Overview, 2020
Table 58: Jinxi Jinkai Chemical Co., Ltd.: Product Portfolio
Table 59: Koei Chemical Co., Ltd.: Company Overview, 2020
Table 60: Koei Chemical Co., Ltd.: Product Portfolio
Table 61: Ottokemi: Company Overview, 2020
Table 62: Ottokemi: Product Portfolio
Table 63: Proionic GmbH: Company Overview, 2020
Table 64: Proionic GmbH: Product Portfolio
Table 65: Proionic GmbH: Recent Developments
Table 66: Solaronix SA: Company Overview, 2020
Table 67: Solaronix SA: Product Portfolio
Table 68: Solvay: Company Overview, 2020
Table 69: Solvay: Product Portfolio
Table 70: Solvionic: Company Overview, 2020
Table 71: Solvionic: Product Portfolio
Table 72: Solvionic: Recent Developments
Table 73: Strem Chemicals Inc.: Company Overview, 2020
Table 74: Strem Chemicals Inc.: Product Portfolio
Table 75: Strem Chemicals Inc.: Recent Developments
Table 76: Synthio Chemicals Inc.: Company Overview, 2020
Table 77: Synthio Chemicals Inc.: Product Portfolio
Table 78: Synthio Chemicals Inc.: Recent Developments
Table 79: Tatva Chintan Pharma Chem. Ltd.: Company Overview, 2020
Table 80: Tatva Chintan Pharma Chem. Ltd.: Product Portfolio
Table 81: Acronyms Used in This Report
Table 82: Chemical Names Used in This Report

List of Figures
Summary Figure: Global Market for Ionic Liquids, by Application, 2020-2026
Figure 1: Share of Lithium-ion Battery Production, by Geography, 2020
Figure 2: Share of Lithium-ion Battery Production, by Geography, 2025
Figure 3: Global Market Share for Ionic Liquids, by Application, 2020
Figure 4: Global Market Share for Ionic Liquids in Electrochemical Device Applications, by Application, 2020
Figure 5: Global LiB Electrolyte Demand, 2016-2020
Figure 6: Global Production Share for LiB Electrolytes, by Country/Region, 2020
Figure 7: Global EV Sales, 2016-2030
Figure 8: Challenges and Future Research on IL for Supercapacitors
Figure 9: Global Ethanol Production, 2014-2020
Figure 10: Global Share for Ethanol Production, by Country/Region, 2020
Figure 11: Ionic Liquid Properties for Lubrication
Figure 12: Global Market Share for Ionic Liquids in Lubricating Additive Applications, 2026
Figure 13: Global Market Share for Ionic Liquids, by Region, 2020
Figure 14: European Market Share for Ionic Liquids, by Country, 2020
Figure 15: European Market Share for Ionic Liquids, by Application, 2020
Figure 16: Annual Tender Volume for Solar PV Installations in Germany, 2021-2028
Figure 17: Asia-Pacific Market Share for Ionic Liquids, by Country, 2020
Figure 18: Asia-Pacific Market Share for Ionic Liquids, by Application, 2020
Figure 19: North American Market Share for Ionic Liquids, by Country, 2020
Figure 20: North American Market Share for Ionic Liquids, by Application, 2020
Figure 21: ROW Market Share for Ionic Liquids, by Sub-Region, 2020
Figure 22: ROW Market Share for Ionic Liquids, by Application, 2020
Figure 23: Ethanol Production in Brazil, 2015-2020
Figure 24: Global Market Share for Ionic Liquids, by Key Company, 2020
Figure 25: BASF SE: Company Revenue, 2019 and 2020
Figure 26: BASF SE: R&D Expenditures, 2019 and 2020
Figure 27: BASF SE: Revenue Share, by Segment, 2021
Figure 28: BASF SE: Revenue Share, by Geography, 2021
Figure 29: Koei Chemical Co., Ltd.: Company Revenue, 2019 and 2020
Figure 30: Solvay: Company Revenue, 2019 and 2020
Figure 31: Solvay: R&D Expenditures, 2019 and 2020
Figure 32: Solvay: Revenue Share, by Segment, 2020
Figure 33: Solvay: Revenue Share, by Geography, 2020
Figure 34: Tatva Chintan Pharma Chem. Ltd.: Company Revenue, 2019 and 2020
Figure 35: Tatva Chintan Pharma Chem. Ltd.: R&D Expenditures, 2019 and 2020
Figure 36: Tatva Chintan Pharma Chem. Ltd.: Revenue Share, by Products, 2020
Figure 37: Tatva Chintan Pharma Chem. Ltd.: Revenue Share, by Geography, 2020

Note: Product cover images may vary from those shown

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FEATURED COMPANIES

  • BASF SE
  • Koei Chemical Co., Ltd.
  • Ottokemi
  • Proionic Gmbh
  • Solaronix Sa
  • Solvay

Ionic liquids, a small specialty chemical market, have recently started to receive attention from investors and end-users. The industry is expanding slowly but steadily as suppliers struggle to keep pace with the global demand for alternative, environmentally friendly technologies across different applications including energy storage, industrial solvents and biomass processing.

High manufacturing costs as a result of small-scale batch production are a primary barrier to the penetration of materials in end-use applications. High raw material costs are hindering the number of players entering the market. As with other emerging technologies, cost benefits may not be immediately obvious due to the low volume of production. The publisher expects a large-scale ionic liquid supply by 2022, along with at least a 70% decline in price. For instance, Chevron commercialized an alkylation unit based on the ionic liquid in April 2021.

Security of supply and cost is the two major factors affecting the global IL market. Today, there are many suppliers of ionic liquids with production capacity varying from the gram scale to the multi-ton scale. As the demand for ionic liquids has not been established properly in many of its end-use application markets, suppliers are restricting their full capacity production or producing on a small scale. This has resulted in high production costs, and as a result, many end users do not find ionic liquids to be price competitive.

Though today there are only a limited number of commercial processes available that use ionic liquids, there is clearly a path forward that suggests that ionic liquid technologies are viable if costs can be controlled. The application market is dominated by startups and university spin-offs in partnership with conventional ionic liquid manufacturers. With the recent success in commercialization and market adoption stories, ionic liquid technologies are certain to broaden in the coming years.

Supportive government regulations in many regions are anticipated to have a positive impact on the global ionic liquid market, especially for renewable technology applications. Stringent regulations banning certain toxic solvents and processed chemicals in various industry sectors, especially in developed regions such as the U.S. and Europe, are primarily propelling the market growth. Incentives offered by governments, especially promoting the use of renewable sources, are expected to have a positive impact on global ionic liquid demand for the next five years.

The solvent and catalyst application market will remain the major end-use market for ionic liquids by value during the forecast period, followed by separation processes, electrochemical devices and biotechnology. However, the electrochemical device market is expected to grow at the largest CAGR during the forecast period.

Note: Product cover images may vary from those shown
  • BASF SE
  • Henan Tianfu Chemical Co., Ltd.
  • Iolitec Ionic Liquids Technologies Gmbh
  • Ionic Liquid Chemicals Llc
  • Jinxi Jinkai Chemical Co., Ltd.
  • Koei Chemical Co., Ltd.
  • Ottokemi
  • Proionic Gmbh
  • Solaronix Sa
  • Solvay
  • Solvionic
  • Strem Chemicals Inc. (A Subsidiary Of Ascensus Specialties)
  • Synthio Chemicals Inc.
  • Tatva Chintan Pharma Chem. Ltd.
Note: Product cover images may vary from those shown
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