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Ionic Liquids Market Share

  • Report ID: GMI121
  • Published Date: Jun 2021
  • Report Format: PDF
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Ionic Liquids Market Share

Global ionic liquids industry share is highly consolidated and includes various key players such as:

  • BASF
  • Tokyo Chemical Industries
  • Merck Chemicals
  • IOLITECH GmbH
  • 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.

Authors: Kunal Ahuja, Sarita Bayas

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.

Ionic Liquids Market Scope

  • Ionic Liquids Market Size
  • Ionic Liquids Market Analysis
  • Ionic Liquids Market Share

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    Premium Report Details

    • Base Year: 2020
    • Companies covered: 12
    • Tables & Figures: 69
    • Countries covered: 4
    • Pages: 170
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