Ionic Liquids - Market Scope
Ionic Liquids have low volatility that effectively eliminates a major pathway for environmental release and contamination. It is an environment-friendly reagent with various properties including strong polarity, nonvolatility, difficulty to oxidize, good solvent, and ease to synthesize and recover. It is used with the replacement of volatile organic compounds in organic chemistry for the synthesis of biologically active compounds. Rising government spending on nuclear fuel reprocessing is driving the global ionic liquid market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Koei Chemical Co., Ltd (Japan), Solvay S.A. (Belgium), BASF SE (Germany), TCI America (United States), Evonik Industries (Germany), Kumidas SA (Belgium), Strem Chemicals Inc. (United States), Ionic Liquid Chemicals LLC (United States), Solaronix SA (Switzerland) and Solvionic (France) |
CAGR | % |
Global Ionic Liquids - is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Ionic Liquids - market throughout the predicted period.
Koei Chemical Co., Ltd (Japan), Solvay S.A. (Belgium), BASF SE (Germany), TCI America (United States), Evonik Industries (Germany), Kumidas SA (Belgium), Strem Chemicals Inc. (United States), Ionic Liquid Chemicals LLC (United States), Solaronix SA (Switzerland) and Solvionic (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are ILCO Chemikalien GmbH (Germany), Proionic (Austria), NanoTechLabs, Inc. (United States) and Solvent Innovation GmbH (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Ionic Liquids - market by Type , by Application (Auxiliaries, Catalysts, Batteries, Waste Recycling, Dispersing Agent, Nuclear Fuel Reprocessing and Others) and Region with country level break-up.
On the basis of geography, the market of Ionic Liquids - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In February 2020, Evonik Industries has acquired PeroxyChem, a United States company for USD 640 million. The acquisition accelerates the growth opportunities, especially in the market for environmentally friendly disinfectants. The acquisition helps to strengthen Evonik’s Financial Position.
Influencing Trend:
Growing Research and Development Activities over the Globe
Market Growth Drivers:
Increasing Application of Ionic Liquids in Industrial and Pharmaceutical Sector and Rising Demand for Ionic Liquids owing to its Various Uses
Restraints:
High Cost Associated with the Manufacturing of Ionic Liquids and Problems with the toxicity of Ionic Liquids
Opportunities:
Increasing Waste Treatments and Recycling can create Opportunities for the Global Ionic Liquids Market Demand
Key Target Audience
Ionic Liquids – Manufacturers, Ionic Liquids – Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others