(EMAILWIRE.COM, February 05, 2019 ) The report "Ionic Liquids Market by Application (Solvents & Catalysts, Process & Operating Fluids, Plastics, Batteries & Electrochemistry, Bio-Refineries) and by Region (North America, Europe, Asia-Pacific and Rest of World) - Global Forecast to 2021", published by MarketsandMarkets, The market size of is estimated to grow from USD 25.6 Million in 2016 to USD 39.6 Million by 2021, at a CAGR of 9.2% during the forecast period.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=163716481

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. Asia-Pacific is projected to witness the highest CAGR, in terms of value, between 2016 and 2021. Growth in this region can be attributed to high demand from emerging markets such as China and India.

Solvents & catalysts: The largest application segment of ionic liquids

Ionic liquids are fused salts that remain in liquid state under 100ºC. These liquids are one of the potential replacements of industrial solvents because of their ability to dissolve various chemicals and low volatility, as they have low vapor pressures. Solvents & catalysts is one of the major applications of ionic liquids.

Ionic Liquids Market is a mere combination of a cation and an anion. 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.

Don't miss out on business opportunities in Ionic Liquids Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=163716481

Browse in-depth TOC on "Ionic Liquids Market"
32 - Market Data Tables
37 - Figures
97 - Pages

In 2015, Asia-Pacific accounted for the largest market share of ionic liquids, in terms of value. The potential increase in adoption of ionic liquids in bio-refineries for pre-processing or reforming of biomass and increasing consumption of these liquids in electrochemistry & batteries are expected to be the major drivers of the market during the forecast period. China is one of the leading consumers of ionic liquids worldwide, with increased demand from various end-use applications.

Request for free customization of report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=163716481

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.