According to a new market report by Lucintel, the future of the ionic liquid market looks promising with opportunities in the solvents & catalysts, process & operating fluids, plastics, batteries & electrochemistry, and bio-refineries applications. The ionic liquid market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are unique properties of ionic liquid, as it offers the advantage of both homogeneous and heterogeneous catalysts and growing demand from various applications.
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Within the ionic liquid market, solvents & catalysts, process & operating fluids, plastics, batteries & electrochemistry, and bio-refineries are the major applications. Solvents & catalysts is the largest application segment for ionic liquid.
Asia-Pacific will remain the largest market over the forecast period due to increase in adoption of ionic liquid in bio-refineries for pre-processing or reforming of biomass and increasing consumption of these liquid in electrochemistry & batteries.
BASF SE, Evonik Industries, Solvay S.A., Merck KGAA, The Chemours Company, Proionic, Solvionic SA, Ionic Liquids Technologies Gmbh, Strem Chemicals Inc., and Coorstek Specialty Chemicals are among the major manufacturers of ionic liquid
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the ionic liquid market by application, and region. Lucintel has prepared a comprehensive research report entitled "Ionic Liquid Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the ionic liquid market by application and region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
Solvents & Catalysts
Process & Operating Fluids
Plastics
Batteries & Electrochemistry
Bio-Refineries
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/ionic-liquid-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.