Ionic liquid Market Expected To Reach a revenue of 42 $Million by 2020

Date: 2016-09-11

An ionic liquid (IL) is a salt in the liquid state. In some contexts, the term has been restricted to salts whose melting point is below some arbitrary temperature, such as 100 °C (212 °F). While ordinary liquids such as water and gasoline are predominantly made of electrically neutral molecules, ionic liquids are largely made of ions and short-lived ion pairs. These substances are variously called liquid electrolytes, ionic melts, ionic fluids, fused salts, liquid salts, or ionic glasses. They are known as “solvents of the future” as well as “designer solvents”.

According to research, global Ionic liquid Market Expected To Reach a revenue of 42 $Million by 2020, the market is expected to be driven by increasing demand for ionic liquids in emerging markets and high demand from the bio-refineries and electrochemistry & batteries application segments. 

Geographically, Asia-Pacific is projected to witness the highest CAGR, in terms of value, between 2016 and 2020. Growth in this region can be attributed to high demand from emerging markets such as China, India and other Southeast Asian countries. 

These specialty liquids have the potential to be used as a solvent and catalyst in bio-refineries and as an electrolyte in electrochemistry & batteries as well as bio-refineries. Majority of the chemical reactions are carried out in the presence of solvents. Solvents are used on a wide scale, but are difficult to store because of their volatility. They also have VOCs that are harmful to the environment and can cause health hazards. As the governments worldwide are restricting the emission of VOCs, ionic liquids can be a potential replacement for solvents, which will drive the ionic liquids market.

Ionic liquid market share by application as following:


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Joanna | Executive – International Business and partner Relations
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