Global Ionic Liquids Market Size to surpass $2.2bn by 2022
Published Date: September 17, 2019 Authors: Kunal Ahuja, Kritika Mamtani
Ionic Liquids Market size is set to surpass USD 2.2 billion by 2022; according to a new research report by Global Market Insights, Inc.
Increasing inclination to purchase electrical vehicles owing to rise in ingenious automobile manufacturing units, rapid urbanization, and availability of low interest loans may boost ionic liquids market share. The products are widely used to manufacture solvents for electric vehicle batteries and hybrid vehicles owing to its non-inflammable nature, high thermal and chemical stability which ensures safety of vehicles. Stringent regulations on electrical vehicle batteries on safety & longevity, along with rising consumer inclination to shift towards green products to prevent air and soil pollution by toxic chemical susceptibilities like fumes and corrosive battery acids may encourage product demand.
U.S. ionic liquids market size from food applications may witness significant gains at over 23% during the forecast period. Increasing inclination for preprocessed food and changing outlook on quick prepared meals may foster market share. Stringent regulations on food preparation and manufacturing techniques along with rising demand for high quality packaged food in various cuisines may stimulate market share. Rise in busy and sedentary lifestyles is the major driver for rising demand of packaged food which in turn will fuel product demand.
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Rising demand for high quality paper & printed products for journals, newspapers, diaries, almanacs, posters, and magazines may accelerate market share. Ionic liquids are widely utilized in paper industry to provide chemical strength to paper and increase its shelf life by inhibiting yellowing of paper. Changing consumer perceptions towards high quality paper and rising demand for diaries & almanacs should foster market share. Its chemical treatment also inhibits oxidation and provides high resistance against fungus caused by moisture in air which should stimulate product demand.
Browse key industry insights spread across 120 pages with 94 market data tables and 13 figures & charts from the report, “Ionic Liquids Market Size By Application (Catalysis/Synthesis, Food, Paper & Pulp, Electronics, Biotechnology, Automotive, Pharmaceuticals), Industry Analysis Report, Regional Outlook (U.S., Germany, China, Japan), Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022” in detail along with the table of contents:
Supportive government initiatives in the field of biotechnology & synthetic biology may foster market share. They are widely used in drug & vaccine testing owing to its semi-permeable nature and high salt concentration. Increasing research & development expenditure may spur market size. Increasing consumer inclination for high quality medicines and stringent regulations on drug testing methods may augment market share.
Automobile applications in Germany is anticipated to surpass USD 50 million up to 2022. Stringent regulations by European Union towards curbing fuel emissions and supportive government policies for electrical vehicles such as road and vehicle tax exemption may trigger product demand. Changing consumer perceptions towards high performance electric vehicles and rising awareness on battery longevity and safety issues may encourage product demand.
China ionic liquids market revenue from pharmaceutical applications may register significant gains at over 25% by the end of forecast period. Rising geriatric population and increasing disposable income has change consumer perceptions on drugs and delivery systems. Rising demand for high quality medicines and rising awareness on potential harms of chemically unstable generic medicines may foster market share. Stringent government regulations in promoting high quality medicines to protect consumers may augment market share.
Merck KGaA, Scionix, Solaronix, Tokyo Chemical Industry, Wuhu Huaren Science and Technology, Cytec Solvay Group, Santa Cruz Biotechnology, Solvionic, CoorsTek Speciality Chemicals, BASF, Strem Chemicals, and Proionic key industry participants. Companies are investing in manufacturing new products & new investment techniques under stringent regulatory norms to widen product portfolio and widen geographical presence.
The ionic liquids market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2012 to 2022, for the following segments:
- Paper & Pulp
The above information is provided on a country basis for the following:
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