Selbyville, Delaware, Oct. 01, 2019 (GLOBE NEWSWIRE) --
The ionic liquids market will rise at substantial rate in the coming years due to increasing focus on curbing pollution and using green solvent products. Key application areas for the products include extractions, catalysis and biorefining, in addition to various uses in the pharmaceutical and food sectors. Ionic liquid properties such as low volatility, thermal stability, and minimal vapor pressure make them suited for co-solvents and reagent products.
Global ionic liquids market size is projected to exceed a total valuation of USD 2 billion by 2022. Growing demand for the liquids can be attributed to numerous combinations of anions and cations offered by various products. When deployed in manufacturing, ionic liquids allow for more flexibility and liquid-state preservation when stored in high temperature locations. These liquids are ammonium, imidazolium, morpholinium, pyridinium, phosphonium and sulphonium, among others.
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Continuous growth of the pharmaceutical sector worldwide, owing to increased number of chronic disease patients every year, will substantially fuel the demand for drugs. Ionic liquids are deployed as carriers of pharmaceutical active compounds and are critical in manufacturing the products. It is predicted that global pharmaceutical sector will be valued at more than USD 1.2 trillion by 2022, invariably driving ionic liquid consumption over the period.
Ionic liquids industry share from pharmaceutical applications is estimated to register a momentous 25.6% CAGR to 2022. Europe will emerge as a major consumer of pharma products due to rising health concerns and prevalence of lifestyle disorders. Germany ionic liquid market value from pharmaceutical sector was pegged at USD 7.5 million in 2014 and is expected to show steady growth from consistent innovations in clean energy.
Notable steps undertaken by regulatory authorities to lower the toxicity in various products, through minimum VOC content released in the environment, will bolster ionic liquids market outlook. For instance, the act 1999/19/EC regulated VOC emission in Europe from the manufacturing and service sectors. Similar initiatives in developed counties like the U.S. are expected to have a positive impact on the demand for ionic liquids.
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U.S. ionic liquids market size is anticipated to be valued at over USD 750 million by 2022, where the manufacturing segment has proliferated significantly over the years from the booming construction and automotive sectors. The U.S. Environmental Protection Agency (EPA) has laid down norms for curbing VOC content, further expanding ionic liquid application scope. Possible pollution from some of the conventional ionic liquid products and high price trends may hinder the industry growth.
Owing to insignificant vapor pressure and other ionic liquid properties, the products are being extensively used in sealants and electric battery applications. Rapid industrialization in Asia Pacific and increased consumption of electronic goods will propel ionic liquid demand from the electronics sector. The liquids also act as electrolytes for dye-synthesized solar cells and thermos-cells. China ionic liquids market share is estimated to witness a significant 24.2% CAGR through 2022.
The need for specific ionic liquid products catering to different end-use segments has led to a fragmented competitive landscape worldwide. Key industry participants include BASF, Cytec Solvay Group, CoorsTek Speciality Chemicals, Tokyo Chemical Industry, Proionic and Merck, among several others. Technological developments to help create specialized products for niche application areas like pharmaceutical, food and biotechnology will outline global ionic liquids market trends to some extent.
Browse key industry insights spread across 120 pages with 94 market data tables and 13 figures & charts from the report, “Ionic Liquids Market By Application (Catalysis/Synthesis, Food, Paper & Pulp, Electronics, Biotechnology, Automotive, Pharmaceuticals), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2022” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/ionic-liquids-market-report
Table of Contents (ToC) of the report:
Chapter 3 Ionic Liquids Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2012 - 2022
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.4 Innovation & sustainability
3.5 Regulatory landscape
3.5.1 Enviornmental Protection Agency (EPA)
3.5.2 European Union
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Alternative to organic solvents
3.6.1.2 Wide application scope
3.6.2 Industry pitfalls & challenges
3.6.2.1 Toxicity issues and high costs
3.7 Growth potential analysis, 2016
3.7.1 Emerging business model
3.8 Competitive Landscape, 2016
3.8.1 Strategy dashboard
3.9 Porter’s analysis
3.10 PESTEL analysis
Browse Complete Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/ionic-liquids-market-report
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