According to a new market report by Lucintel, the future of the ionic liquid market looks promising with opportunities in the solvents & catalysts, process & operating fluids, plastics, batteries & electrochemistry, and bio-refineries applications. The ionic liquid market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are unique properties of ionic liquid, as it offers the advantage of both homogeneous and heterogeneous catalysts and growing demand from various applications.
Within the ionic liquid market, solvents & catalysts, process & operating fluids, plastics, batteries & electrochemistry, and bio-refineries are the major applications. Solvents & catalysts is the largest application segment for ionic liquid.
Asia-Pacific will remain the largest market 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.
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 are among the major manufacturers of ionic liquid
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the ionic liquid market by application, and region. Lucintel has prepared a comprehensive research report entitled "Ionic Liquid Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the ionic liquid market by application and region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
• Solvents & Catalysts
• Process & Operating Fluids
• Plastics
• Batteries & Electrochemistry
• Bio-Refineries
By Region [$M shipment analysis for 2013 – 2024]:
• North America
− The US
− Canada
− Mexico
• Europe
− Germany
− Spain
− France
− The United Kingdom
− Russia
• Asia Pacific
− China
− Japan
− India
− South Korea
− Thailand
• Rest of the World

More than 150-page research report will enable you to make confident business decisions in this competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… [email protected].
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.

This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the ionic liquid market by application (solvents & catalysts, process & operating fluid, 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 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the ionic liquid market?
Q.5 What are the business risks and threats to the ionic liquid market?
Q.6 What are the emerging trends in the ionic liquid market and the reasons behind them?
Q.7 What are some changing demands of customers in the ionic liquid market?
Q.8 What are the new developments in the ionic liquid market? Which companies are leading these developments?
Q.9 Who are the major players in the ionic liquid market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in the ionic liquid market?