Dublin, May 27, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Ionic Liquids Market - Global Forecast to 2021" report to their offering.
The market size of ionic liquids is estimated to reach USD 39.6 Million by 2021, registering a CAGR of 9.2% between 2016 and 2021. The market is driven by rising demand for ionic liquids owing to their unique properties along with development and commercialization of ionic liquid applications. The ionic liquids find potential applications in solvents & catalysts, process & operating fluids, plastics, batteries & electrochemistry, and bio-refineries.
The use of ionic liquids in pharmaceuticals as liquid API and in the cosmetic industry are some of the applications, which are in research stage and can be a potential driver for the ionic liquids market in the near future. In 2015, the solvents & catalysts application of ionic liquids accounted for the largest market share, in terms of value, followed by electrochemistry & batteries and bio-refineries. One of the potential applications of these liquids is in the pre-processing of feedstock for bio-refineries. The ability to dissolve cellulose is a major driver of ionic liquids in the bio-refineries application.
Asia-Pacific is the largest market for ionic liquids. China is the largest and fastest-growing market for ionic liquids. India, China, Japan, and Malaysia are important markets in Asia-Pacific; these countries have been adopting new processes using ionic liquids. Companies have been developing novel ionic liquids according to their application needs.
The factor restraining the growth of the ionic liquids market is its price. As these liquids are manufactured in a small scale, once the demand grows owing to commercialization of applications, the prices are expected to decrease making their use in various processes economic and feasible.
Companies Mentioned:
- BASF SE
- Coorstek Specialty Chemicals
- Evonik Industries
- Ionic Liquids Technologies Gmbh
- Jinkai Chemical Co., Ltd.
- Merck KGAA
- Proionic
- Reinste Nanoventure
- Solvay S.A.
- Solvionic SA
- Strem Chemicals Inc.
- Tatva Chintan Pharma Chem Pvt. Ltd.
- The Chemours Company
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Ionic Liquids Market, By Application
8 Ionic Liquids Market, By Region
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/lqzqb4/ionic_liquids