Global Ionic Liquids Market 2022-2028
An ionic liquid is a salt in which the ions are poorly coordinated, which results in these solvents being liquid below 100°C, or even at room temperature (room temperature ionic liquids, RTIL's). Unlike molecular liquids, ILs exhibit many unique properties making them promising solvents for various industrial applications. Some of the physicochemical properties of ILs include high polarity, negligible volatility, high thermal stability, high ionic conductivity, low melting point, and structural designability. According to market research study published by Gen Consulting Company, the market size of the global ionic liquids sector is expected to rise by USD 16 million with a CAGR of 5.4% by the end of 2028.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global ionic liquids market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the ionic liquids industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the application, and region. The global market for ionic liquids can be segmented by application: biotechnology, electrochemical devices, metal finishing, separation processes, solvents and catalysts, others. The solvents and catalysts segment held the largest share of the global ionic liquids market in 2021 and is anticipated to hold its share during the forecast period. Ionic liquids market is further segmented by region: Asia Pacific, Europe, North America, Rest of the World (RoW). Globally, North America made up the largest share of the ionic liquids market.
By application:
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