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Germany Ionic Liquid Market will expand with a significant CAGR of 18% by 2022

Author : Ronak Bora | Published Date : 2019-04-01 

Global Market Insights, Inc. adds new Ionic Liquid Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

Germany has been pioneering for clean energy for sustainability coupled with growing energy storage industry, this should positively impact regional IL industry growth.

U.S. ionic liquid Market is estimated to reach USD 750 million by 2022, owing to stringent regulations set forth by prevailing agencies safeguarding interest against toxicity and growing health concerns should drive regional product demand.

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Ionic liquid (IL) is a form of salt in liquid state and is largely made of ions or short-lived ion pairs. It is also known as liquid salts, liquid electrolytes, ionic melts and fused salts and is mostly used in electric battery and sealant applications owing to its low vapor pressure.

Rising trend of adopting green solvent due to increasing toxic concerns from their organic substitutes should drive ionic liquid market during the forecasted timeframe.  Stringent environmental regulations, policies and pressure set by agencies should drive global market.

Ionic liquids are extensively used in bio catalysis and bio transformations owing to its negligible vapor pressure, thermal stability and controllable viscosity with water or organic solvents. IL’s are used as solvents, co-solvents and reagents propelling product demand.

Ionic liquids have been subject of interest recently due to its low volatility and ability to dissolve a wide variety of compounds, making it useful as green solvents for energy storage application and industrial process. IL’s perform as electrolytes in products such as dye-sensitized solar cells, actuators, thermos-cells and double layer capacitors conducting electricity with elongated reaction times, pivoting global ionic liquid market.

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Ionic liquid is also used to solve critical pharmaceutical problems, performing as carriers of pharmaceutical active compounds and salts through the combination of anions and cations. Pharmaceutical industry is expected to account for generating over USD 1.2 trillion by 2022 along with which IL Market is expected to grow.

Ionic liquid price trends have been high, making it uneconomical for industries to use. Companies should concentrate on technological innovation and product development for ionic liquid to drive their production cost down for global industry growth.

Global ionic liquid market is fragmented as large number of companies cater ionic liquid to different end-use industry. Some key players include TCI, BASF, IOLITEC GmbH and Solvionic. Other major manufacturers include Wuhu Huaren, Coorstek Specialty Chemicals and Santa Cruz Biotechnology.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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