The global ionic liquids market was valued at $25 million in 2016 and is forecast to grow at a steady CAGR of 8.4% between 2017 and 2024, culminating in 2024 global revenue of $60.2 million. Increasing demand from solvent, catalysis, and solvent extraction applications due to superior properties such as low vapor pressure & VOC content is driving ionic liquid market growth. Emerging green solvents demand in chemicals, pharmaceuticals and electronics industries is projected to further uplift market growth over the forecast period.
Increasing demand for the solvent, catalysis and extraction application which requires these liquids due to properties such as low vapor pressure and VOC content is boosting the growth of ILs industry. Emerging green solvents demand in chemicals, pharmaceuticals and electronics industries are adding advantage for the growth.
Key Product Categories & Technologies
Ionic liquids are salts in molten form, which has melting point below 100° C, these are largely made of ions and short-lived ion pairs. Different chemical properties such as thermal stability, low vapor pressure, liquid crystalline structures, high heat capacity, miscibility with water, or organic solvents are leading towards their use in industries like solvents, electrolytes, displays, analytical instruments, lubricants, plastics, electrochemistry & batteries, and biorefining industries.
Green solvents are having industrial applications in segments like paints & coatings, printing inks, adhesives, pharmaceuticals and cosmetics. Global solvents market was estimated at over 19.2 million tons in 2015, it is expected to reach 24.1 million tons by 2024 at a CAGR of 3.2. Green solvents account for approximately 12% of the global solvents market and will be propelled by environmental regulations to minimize VOC content.
Products like chloraluninates, alkylchloroaluminates or stannates are used in Catalysis/synthesis applications. They also act as solvent and co-catalyst. Catalysis/synthesis applications take the first place in the market with 31% of the total ionic liquid market share in 2015 with a CAGR of 10.02% and consumption of over 2,900 tons.
After Catalysis/synthesis Extraction and separation have shared nearly 22% in 2015. The industry is anticipated to grow at a CAGR of around 11% from 2016 to 2024. Germany and the UK are showing a good growth in this sector. Also, upcoming projects for increasing petrochemicals output in U.S., Canada, and Mexico are expected to impact demand positively.
Food industry contributed 13% of the total ionic liquids market size in 2015 with an expected growth in the forecast year 2016 to 2024 due to growth in processed food and lifestyle. Ionic liquids are used in segments like purification, extraction, derivatization and separation of biogenic compounds such as fats, carbohydrates, tannins, proteins, antioxidant flavors and pigment in food processing applications.
Ionic Liquids are widely used in the bio-refinery and energy storage applications owing to their ability to provide water miscibility and viscosity control. The demand for the product is expected to witness rapid growth on account of bio-refinery and energy storage funding in the emerging countries such as China, India, and Japan.
Technology Outlook
Application of Ionic liquid is increasing day by day in various segments. Alkylation technologies are commonly used in the refining industry to produce high-octane gasoline blending components to make clean-burning fuels. Honeywell UOP has introduced a new alkylation technology developed by Chevron U.S.A. Inc. This new technology uses ionic liquid, at temperatures below 100ºC to convert a typical stream from a fluid catalytic cracker into a valuable high-octane blending component that lowers the environmental impact of motor gasoline. Companies like Proinic are continuously innovating the Ionic Liquid technologies.
Top Players, Company Share, Competitive Dynamics & M&A Insights
Top Players in this segment are BASF, Dupont, Linde,3M, Cytec, STREM Chemicals, Ionic Liquids Technologies, Lonza, Rhodia Group, Mitsubishi Materials Electronic Chemicals Co., Ltd., Solvionic, Koei Chemical Co.Ltd., FutureChem Co. Ltd., Shanghai Chengjie, Henan Lihua Pharmaceutical Co., Ltd, Reinste Nanoventure. Top players are developing new economic technologies and forming joint ventures to meet the demand and competition. Boulder Ionics Corporation raises 4.3 million USD for novel, high throughput production of ionic liquids in recent years.
Growth Drivers & Restraints
The ionic liquids market is a growing market driven by the increased demand from the end users majorly from the catalysts and solvent industry. The major factors that drive the market include their unique chemical properties, advancements in the product, and application launch. However, factors such as high cost of raw materials and fluctuation in exchange rates are expected to restrain the market growth during the forecast period.
Conclusion
Global ionic liquids market size was 15-kilo tons in 2015 and is likely to achieve growth rates at 24% by 2024 and reach 59-kilo tons. Asia-Pacific is projected to witness the highest CAGR and China’s ionic liquid market is likely to attain the highest gain at a CAGR of 25%. In Japan, ionic liquid industry revenue for pharmaceutical applications should gain at over 17.1% for forecasted years.
This report provides factors about current markets trends, product category, technologies, and market drivers and M&A. Provides market and technology projections for the upcoming years including the present technology and trends.
This report provides comprehensive analysis of,
- Market growth drivers
- Top players
- Product outlook
- Technology outlook
Regional outlook
- North America
- Europe
- Asia Pacific
Application outlook
- Solvent
- Catalyst/synthesis
- Food processing and Bio refining
Chapter 1 Methodology and Scope
- Research Methodology
- Research Scope & Assumptions
- List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Ionic Liquid Overview
- Market Ecosystem
- Key Stakeholders
- Industry Trends & Analysis
Chapter 4 Ionic Liquid Industry Outlook
- Market Overview
- Market Segmentation
- Market Size & Growth Prospects
- Market Analysis By Application
- Leading Brand Dynamics
- Key Market Drivers
- Increasing demand from solvent industry
- Upcoming petrochemical project to boost market
- Key Market Challenges/ Restraints
- High raw material cost
- Fluctuation in exchange rates
- Key Market Opportunities
- Growth of catalysts/synthesis industry in Asia
- Emerging bio-refinery and storage funding
- Major Trends & Issues
- Penetration & Growth Prospects
- Industry Analysis - Porter’s
- Ionic Liquid Market-PESTEL Analysis
- Technology Landscape
Chapter 5: Pipeline Intelligence
- Executive Summary
- Upcoming/ Emerging Products and/or Solutions
- Significant innovation in technology
- Key R&D Trends
- M&A Outlook
Chapter 6: Regional Market Outlook
Ionic Liquid Market Landscape by Region- 2015
- North America Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
- U.S. Market Landscape Analysis, 2014-2024
- Canada Market Landscape Analysis-2014-2024
- Europe Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
- K Market Landscape Analysis, 2014-2024
- Germany Market Landscape Analysis, 2014-2024
- France Market Landscape Analysis, 2014-2024
- Italy Market Landscape Analysis, 2014-2024
- Spain Market Landscape Analysis, 2014-2024
- Latin America Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
- Brazil Market Landscape Analysis, 2014-2024
- Mexico Market Landscape Analysis, 2014-2024
- Colombia Market Landscape Analysis, 2014-2024
- Asia Pacific Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
- Japan Market Landscape Analysis, 2014-2024
- China Market Landscape Analysis, 2014-2024
- India Market Landscape Analysis, 2014-2024
- Middle East & Africa Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
- Saudi Arabia Market Landscape Analysis, 2014-2024
- UAE Market Landscape Analysis, 2014-2024
Chapter 7: Pricing Analysis
Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and revenue estimation by Region- 2015
- North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
- U.S. Pricing Analysis-2015
- Canada Pricing Analysis-2015
- Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2014)
- UK Pricing Analysis-2015
- Germany Pricing Analysis-2015
- France Pricing Analysis-2015
- Italy Pricing Analysis-2015
- Spain Pricing Analysis-2015
- Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
- Brazil Pricing Analysis-2015
- Mexico Pricing Analysis-2015
- Colombia Pricing Analysis-2015
- Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
- Japan Pricing Analysis-2015
- China Pricing Analysis-2015
- India Pricing Analysis-2015
- Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
- Saudi Arabia Pricing Analysis-2015
- UAE Pricing Analysis-2015
Chapter 8: Competitive Landscape
- Linde
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- 3M
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- DuPont
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Ionic Liquids Technologies
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Mitsubishi Materials Electronic Chemicals Co., Ltd.
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Solvionic
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Rhodia Group
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Lonza
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Strem Chemicals
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- BASF SE
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Koei Chemical CO. Ltd.
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- FutureChem Co. Ltd.
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Shanghai Chengjie
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Henan Lihua Pharmaceutical Co.
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
- Reinste Nanoventure
- Company Overview
- Financial Performance
- Key Decision Maker
- Product Pipeline
- Strategic Initiative
List of Tables
- TABLE 1 Ionic Liquid Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
- TABLE 2 Global Ionic Liquid Market, 2014 – 2024 (Kilo Tons, USD Billion)
- TABLE 3 Global Ionic Liquid Market by Application, 2014 – 2024 (Kilo Tons, USD Billion)
- TABLE 4 Ionic Liquid Market - Key Market Driver Analysis
- TABLE 5 Ionic Liquid Market - Key Market Restraint/ Challenge Analysis
- TABLE 6 Ionic Liquid Market – Key Opportunity Analysis
- TABLE 7 North America Ionic Liquid Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 8 U.S. Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 9 Canada Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 10 Europe Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 11 U.K Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 12 Germany Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 13 France Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 14 Italy Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 15 Spain Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 16 Latin America Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 17 Brazil Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 18 Mexico Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 19 Colombia Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 20 Asia pacific Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 21 Japan Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 22 China Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 23 India Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 24 Middle East & Africa Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion
- TABLE 25 Saudi Arabia Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 26 UAE Ionic Liquid Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
- TABLE 27 North America Pricing Analysis
- TABLE 28 North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
- TABLE 29 U.S. Pricing Analysis-2015
- TABLE 30 Canada Pricing Analysis-2015
- TABLE 31 Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
- TABLE 32 U.K Pricing Analysis-2015
- TABLE 33 Germany Pricing Analysis-2015
- TABLE 34 France Pricing Analysis-2015
- TABLE 35 Italy Pricing Analysis-2015
- TABLE 36 Spain Pricing Analysis-2015
- TABLE 37 Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
- TABLE 38 Brazil Pricing Analysis-2015
- TABLE 39 Mexico Pricing Analysis-2015
- TABLE 40 Colombia Pricing Analysis-2015
- TABLE 41 Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
- TABLE 42 Japan Pricing Analysis-2015
- TABLE 43 China Pricing Analysis-2015
- TABLE 44 India Pricing Analysis-2015
- TABLE 45 Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
- TABLE 46 Saudi Arabia Pricing Analysis-2015
- TABLE 47 UAE Pricing Analysis-2015
List of Figures-
- 1 Ionic Liquid Market Segmentation
- 2 Market Size & Growth Prospects
- 3 Leading Brand Dynamics
- 4 Penetration & Growth Prospects
- 5 Industry Analysis – Porter’s
- 6 Ionic Liquid Market – PESTEL Analysis
- 7 Ionic Liquid Market Share by Application, 2015 & 2024
- 8 Ionic Liquid Market Share by Region, 2015 & 2024
Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-
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- Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
- Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brain storming, key discussion pointers from various forums etc.
- Need Gap Analysis- Defining the gap between our scope and availability of information.
- KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
- Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting primary interview with a structured questionnaire.
- Data Triangulation- We applies bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
- Analyst Comment- Each of our analyst carry large pool of experience from domain perspective and add their value which are directional in nature
