By 2034, The Ionic Liquid Market is anticipated to Reach USD 141.6 Million | Future Market Insights, Inc.

News provided by

Jul 09, 2024, 10:01 ET

High Usability in Pharmaceutical, Textile, and Agriculture Industries to Surge Demand for Ionic Liquids at 9.3% CAGR through 2034 | Future Market Insights, Inc.

Market Survey on Ionic Liquid Market Covering Sales Outlook, Up-to-date Key Trends, Market Size and Forecast, Production Capacity, Export and Import Analysis, Regulations, Trade Analysis and Company Analysis.

NEWARK, Del., July 9, 2024 /PRNewswire/ -- According to Future Market Insights (FMI), the worldwide ionic liquid market is expected to reach USD 58.2 billion in 2024 and USD 141.6 million by 2034. The market is projected to rise at a CAGR of 9.3% from 2024 to 2034.

The ionic liquid market is expected to be positively impacted by environmental regulations and the use of ionic liquids in the conversion of biomass into biofuel and other chemical products. The growth of the interior design sector has boosted the ionic liquid market, as it is widely used for furniture coating.

Rising disposable income, industrialization in developing countries, advancements in adhesives, inks, and chemical processing sectors are significant factors driving growth. Furthermore, recent advancements in the pharmaceutical, textile, and agriculture industries are set to surge demand in the industry.

Click Here to Request Your Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-19750

The market is driven by growing applications of solvents and catalysts, unique properties of ionic liquids, and rising demand from the extractions and separations sector. However, high product costs and the commercialization of ionic liquids and applications pose challenges to growth.

Key Takeaways from the Ionic Liquid Market Report:

The ionic liquid industry is expected to reach a value of USD 141.6 million by 2034.
The market is projected to surge at a CAGR of 9.3% by 2034.
China's ionic liquid market is expected to grow at a CAGR of 10.4% by 2034.
In terms of product type, the imidazolium-based ionic liquid segment is set to account for a 34.3% share in 2024.
Based on application, the solvents and catalysts segment is expected to hold a market share of 38.7% in 2024.

"Rising application of ionic liquids in the cosmetic and pharmaceutical industry is likely to offer ample opportunities for manufacturers during the forecast period. Furthermore, increasing consumption of batteries and rising use of ionic liquids as industrial solvents and catalysts are fueling growth." – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Competition Outlook

Strategic alliances and collaborations are essential for accessing new sectors and advanced technologies. Leading manufacturers are partnering with universities, research centers, and companies to accelerate product development and promote knowledge sharing.

Industry growth is necessary for development, and companies are capitalizing on developing sectors with high demand for ionic liquid. Building robust distribution networks, creating tactical partnerships, and modifying marketing plans are essential.

Customer service and relationship excellence are vital for brand recognition and standing out in the saturated industry. Manufacturers are prioritizing resource efficiency and adopting sustainable practices to reduce environmental impact and meet consumer expectations.

Gain the Competitive Edge – Get the Full Report Today: https://www.futuremarketinsights.com/checkout/19750

Industry Updates-

In 2024, Thermo Fisher Scientific introduced the Thermo Scientific Dionex Inuvion Ion Chromatography (IC) system to simplify ion analysis in labs.
In 2024, Solvay launched the Solvalite portfolio, which includes preparations for automotive body panels. The company has also invested in Xencor LFT production facilities.

Leading Ionic Liquid Brands

BASF SE
Solvay S.A.
Merck KGaA
Ionic Liquids Technologies GmbH (IOLITEC)
Proionic GmbH
Evonik Industries AG
Strem Chemicals, Inc.
Cytec Industries Inc. (part of Solvay)
Tatva Chintan Pharma Chem Pvt. Ltd.
Koei Chemical Company Limited
Jiangxi Haohai Chemical Co., Ltd.
Scionix Ltd.
Reinste Nano Ventures Pvt. Ltd.
Solvionic SA
Zhejiang Lande DyeStuff
Shanghai Chengjie Chemical Co., Ltd.
Greenyug LLC
Nanobase Technology Co., Ltd.
LICO Technologies Ltd.
Petronas Chemicals Group Berhad

Key Segments of Market Report

By Product Type:

As per product types, the sector has been categorized into ammonium-based, phosphonium-based, pyridinium-based, imidazolium-based ionic liquids, and others (pyrrolidinium and sulfonium).

By Application:

Based on applications, the sector is split into solvents and catalysts, electrochemistry and batteries, bio-refineries, pharmaceuticals, and others.

By Region:

Business analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia, East Asia, and the Middle East and Africa.

Preview Report: https://www.futuremarketinsights.com/reports/ionic-liquid-market

Author by:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI's Extensive Coverage in the Chemicals & Materials Domain:

The global fluorene market size is anticipated to reach USD 1161.1 million in 2024. The sector is projected to grow at a CAGR of 4.1% during the forecast period. The sector is estimated to attain a value of USD 1738.9 million by 2034.

The global chlorine disinfectant market size is anticipated to reach USD 3159.1 million in 2024. The sector is projected to grow at a CAGR of 5% during the forecast period.

The global tantalum market share is valued at USD 337.4 million in 2024 and is expected to progress steadily with a CAGR of 4.8% over the next ten years. This trend indicates a potential increase in the market's overall value, reaching up to USD 539.1 million by 2034.

The worldwide asphalt shingle market size reached USD 8626.5 million in 2023. Over the forecast period, the value is anticipated to rise at 3.8% CAGR. The industry is predicted to increase from USD 9187.2 million in 2024 to USD 13340.1 million in 2034.

The global emission control catalyst market sales is estimated to reach USD 13964.6 million in 2024. The industry is further anticipated to rise at a CAGR of 8.5% in the evaluation period.

The global hydro-processing catalysts market revenue is expected to reach US$ 2,565.46 million by 2032, with a steady CAGR of 2.3% during the forecast period.

The emission control catalyst for the marine market growth is projected to be valued at US$ 998.19 million in 2023 and is expected to rise to US$ 1,673.01 million by 2033.

The environmental catalysts market sales is estimated to increase at a CAGR of 4.4% from 2022 to 2032, with a value of USD 38.57 billion in 2022. By 2032, the environmental catalysts market is expected to be worth USD 59.33 billion.

The global refinery process chemical market revenue is projected to reach USD 5969.7 million in 2024. The sector is anticipated to grow at a CAGR of 5.2% during the forecast period.

Future Market Insights (FMI) has projected the global refinery catalyst market size to witness a year-on-year growth of 4.5%in 2022 reaching a value of about US$ 9,011.0 Million by 2022 end. Catalysts are utilized in the refinery industry to transform heavy oil into lucrative, distillable products.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Logo: https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg

SOURCE Future Market Insights