The global ionic liquid market is projected to grow at a CAGR of 9% during 2019-2024. The growth of Ionic liquid market is driven by increase in adoption of ionic liquid in bio-refineries for pre-processing or reforming of biomass and increasing consumption of ionic liquid in electrochemistry & batteries.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the ionic liquid market by product type (ammonium, imidazolium, phosphonium, pyridinium, pyrrolidinium, and others (sulfonium, etc.)), application (solvents & catalysts, process & operating fluids, plastics, batteries & electrochemistry, and bio-refineries), and region (North America, Europe, APAC, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the ionic liquid market?
Q.4 What are some changing demands of customers in the ionic liquid market?
Q.5 What are the new developments in the ionic liquid market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this ionic liquid area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this ionic liquid market?
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Market Segmentation:
Based on application, the ionic liquid market is segmented into solvents & catalysts, process & operating fluids, plastics, batteries & electrochemistry, and bio-refineries. The solvents & catalysts segment accounted for the largest share of the market in 2020.
Asia-Pacific is expected to be the largest region over the forecast period due to increase in adoption of ionic liquid in bio-refineries for pre-processing or reforming of biomass and increasing consumption of these liquid in electrochemistry & batteries.
Key Players in the ionic liquid market are BASF SE, Evonik Industries, Solvay S.A., Merck KGAA, The Chemours Company, Proionic, Solvionic SA, Ionic Liquids Technologies Gmbh, Strem Chemicals Inc., and Coorstek Specialty Chemicals, Jinkai Chemical Co., Reinste Nanoventure, and others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
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