Press Release

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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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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