Ionic Liquids Market Size, Share and Industry Analysis Report By Application (Catalysis, Synthesis, Food, Paper & Pulp, Electronics, Biotechnology, Automotive, Pharmaceuticals), Regional Outlook, Competitive Market Share & Forecast, 2016 – 2027

Published Date: Jun 2021  |  Report ID: GMI121  |  Authors: Kunal Ahuja, Kritika Mamtani

Report Format: PDF   |   Pages: 170   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Overview

Global Ionic Liquids Market size surpassed USD 1.40 billion in 2020 and is likely to grow at a CAGR of 18.4% by 2027. Ionic liquids are compounds or salts composed of ions which stay in a liquid state below 100°C or even at room temperature. The product is witnessing growing adoption in various products such as the recycling of rare earth metals, clean solvents, and safer batteries.
 

Ionic liquids are witnessing increasingly novel applications such as polymer additives, coolants and lubricants. They are used as electrolytes in metal plating baths, supercapacitors, and lithium-ion batteries. Apart from their conventional usage as solvents in biomass refining & chemical processes, and as catalysts & auxiliaries in chemical synthesis, ionic liquids are also used in analytical equipment.
 

Ionic Liquids Market Outlook

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Growing focus on energy efficiency in the manufacturing sector should drive product growth from catalyst/synthesis application

                     Ionic Liquids Market from Catalysis Synthesis Application

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Ionic liquids market from catalysis/synthesis application surpassed USD 400 million in 2020 and is likely to witness 18.4% gains by 2027. These products find widespread adoption in various chemical reactions such as the condensation of ketones & aldehydes with hydroxylamine, Michael addition of active methylene compounds, aza-Michael addition reaction and the synthesis of pyrroles & quinolines.
 

Significant expansion of the end-use industries such as automotive & consumer products primarily owing to economic growth and increasing population should drive the chemical sector, thereby boosting the demand for catalysts and ionic liquids. Growing efforts in the manufacturing sector to achieve cost-savings, yield improvement, energy efficiency and ensure environmental regulatory compliance should boost the adoption of catalysts as they help reduce the activation energy of chemical reactions.
 

Growing adoption of carotenoids as food colorants should boost ionic liquids demand from food applications

Food application should surpass USD 615 million by 2027 on account of the high effectiveness of ionic liquids in the extraction of carotenoids which finds widespread usage as colorants in the food sector. Ionic liquids serve as suitable alternatives to organic solvents in food processing owing to their ability to reduce waste generation, environment-friendly nature and low toxicity.
 

Ionic Liquids Market by Food Application  

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Growing demand for processed food products, rising disposable income and expansion of supermarkets primarily in emerging economies such as China, India, Indonesia and Brazil should result in significant expansion of the food sector and stimulate the Ionic liquids market share. Growing adoption of carotenoids in dietary supplements, increasing consumer awareness regarding the health benefits of natural colors such as enhanced growth, immunity & eye health should drive carotenoid adoption in food processing and further boost product demand.
 

Significant technological advancement in the automotive sector should augment the industry growth in the U.S.

  Ionic Liquids Market by Region

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U.S. ionic liquids market surpassed USD 525 million in 2020 and is projected to register gains of 18.4% by 2027. The country is witnessing increasing investment by manufacturers in new vehicle technologies such as electric vehicles (EV), connected and autonomous technologies which should drive the automotive industry and boost market growth. Ionic liquids are registering increasing adoption as lubricant additives in gear oils owing to their ability to reduce cracking, vibration noises, surface damage, and wear loss.
 

Significant efforts by domestic automotive manufacturers to aggressively retrench & restructure their business models to tackle the adverse effects of declining vehicle sales, recession, trade wars and emission regulations should boost automotive sector growth. Recent research indicates that the adoption of ionic liquids as oil additives increases the energy efficiency of internal combustion engines which represents ample growth opportunities in the wake of the rising trend of growing environmental consciousness & sustainability.
 

Partnerships, Mergers & acquisitions, and research & development activities should drive market competitiveness

Global ionic liquids industry share is highly consolidated and includes various key players such as BASF, Tokyo Chemical Industries, Merck Chemicals, IOLITECH GmbH, and Solvay. Major manufacturers are primarily engaged in strategic initiatives such as mergers, acquisition, and partnerships to enhance their research capabilities and develop new technologies to expand the application scope of ionic liquids.
 

Various end-users of ionic liquids are increasingly adopting alkylation technology which uses ionic liquids as a safer substitute for strong acids to catalyze the production process of alkylates, which indicates tremendous market opportunities for the product. For instance, in April 2021, Honeywell and Chevron Corporation commissioned the world’s first ISOALKYL facility which allows cost effective production of alkylates.
 

The global Ionic liquids market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons & revenue in USD Million from 2016 to 2027 for the following segments:

By Application

  • Catalysis/Synthesis
  • Food
  • Paper & pulp
  • Electronics
  • Biotechnology
  • Automotive
  • Pharmaceuticals
  • Others

The above information has been provided for the following countries & regions:

By Region

  • U.S.
  • Germany
  • China
  • Japan
     

Frequently Asked Questions (FAQ) :

Ionic liquids market size had exceeded USD 1.40 billion in 2020 and will witness a CAGR of 18.4% through 2027.
Catalysis/synthesis application segment had recorded a valuation of USD 400 million in 2020 and will observe a CAGR of 18.4% through 2027 with widespread product adoption in several chemical reactions.
Food application segment will register more than USD 615 million valuation by 2027 owing to extensive usage of ionic liquids as food colorant.
U.S. had exceeded USD 525 million in 2020 and will register a CAGR of 18.4% through 2027 with growing investment in new vehicle technologies.

Premium Report Details

  • Published Date: Jun 2021
  • Pages: 170
  • Tables: 48
  • Charts / Figures: 21
  • Companies covered: 12
  • Countries covered: 4

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