Ionic Liquids Market to be Dominated by Imidazolium Segment during 2028
The increasing
demand for ionic liquids in various industries, including electronics, is
expected to drive the Global Ionic Liquids market during the forecast period
2024-2028.
According to
the TechSci Research report, “Ionic Liquids Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028”, the global ionic liquids
market is anticipated to upsurge at an impressive rate during the forecast
period. Favorable government policies have significant impact on the growth and
development of the global ionic liquids market. Research and development
funding, tax incentives and subsidies, regulations, and international
collaboration are some of the ways in which governments support the growth of
the industry. As governments continue to prioritize innovation and
sustainability, the global ionic liquids market is expected to grow and develop
in the coming years.
Ionic liquids
are versatile and promising class of materials that have many potential
benefits for various industries and society. However, there are certain
challenges and limitations that need to be addressed before they can be widely
adopted. These include the cost, availability, purity, toxicity, recyclability,
and environmental impact of ionic liquids. These hurdles push users toward
alternatives, which lead to hamper the growth of the global ionic liquids
market. Therefore, more research and development activities are needed to
explore the properties, applications, and sustainability of ionic liquids.
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"Global Ionic Liquids Market"
The Global
Ionic Liquids Market is segmented based on product type, application, and
region. Based on product type, the market is segmented into ammonium,
imidazolium, phosphonium, pyrrolidinium, pyridinium, and others. The
imidazolium-based ionic liquids segment is expected to hold the largest market
share during the forecast period, owing to a wide range of applications,
including catalysis, electrochemistry, and separation processes. For instance,
they are used as catalysts in chemical reactions due to their ability to
stabilize reactive intermediates and accelerate the reaction rate. They are
also used in electrochemical applications such as batteries and supercapacitors
due to their high ionic conductivity and low viscosity.
Based on
application, the market is fragmented into solvents & catalysts,
extractions & separations, bio-refineries, and energy storage. The energy
storage segment is expected to hold the highest market share in the segment.
Ionic liquids are being extensively researched and developed for their
potential in energy storage and conversion due to their unique properties such
as high ionic conductivity, low volatility, and wide electrochemical window.
Major companies
operating in the Global Ionic Liquids Market are:
- Celanese
Corporation (U.S.)
- Dow,
Inc.
- Koninklijke
DSM NV
- Saudi
Basic Industries Corporation (SABIC)
- Avient
Corporation
- LANXESS
AG
- TORAY
INDUSTRIES INC.
- Saint-Gobain
Group
- Solvay
S.A
- Evonik
Industries AG
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“The Global
Ionic Liquids market is expected to experience significant growth in the
approaching years due to the rising demand in the energy sector. The increasing
investments in research and development of these materials by governments
around the world, coupled with the growing demand for renewable energy sources
and EVs, are expected to drive the growth of the Global Ionic Liquids Market in
the coming years. As an outcome, it is expected to see further innovation and
advancements in the field of ionic liquids, leading to new applications and use
cases in the energy sector and beyond.
The efforts of
manufacturers over ionic liquids are likely to benefit the market and create
huge prospects of market growth during the forecast period,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Ionic Liquids
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028, Segmented By Product Type (Ammonium, Imidazolium, Phosphonium,
Pyrrolidinium, Pyridinium, Others), By Application (Solvents & Catalysts,
Extractions & Separations, Bio-Refineries, Energy Storage), By Region and
Competition, has evaluated the future growth potential of the Global Ionic
Liquids Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the Global Ionic Liquids
Market.”
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