Ionic Liquids Market Market size, Industry outlook, Market Forecast, Demand Analysis, Market Share, Market Report 2022-2027
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• The Ionic Liquids market size is estimated to reach US$4.4 billion by 2027 after growing at a CAGR of 18.2% during the forecast period 2022-2027. • The ionic liquids are a special group of molten salts that comprise of anions and cations and are usually liquid at or below the 100°C.
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Key Takeaways • Asia-Pacific dominates the ionic liquids market, owing to a flourishing base for green solvents, growing applications for ionic liquids in pharmaceuticals, and developments in cosmetics, bio-refining, and energy generation sectors, thereby boosting the demand for ionic liquids in APAC during the forecast period. • The growing chemical industry owing to factors such as the rise in chemical production and demand for green chemicals offers major demand in the ionic liquid industry for applications in the solvent, synthesis, catalysis, and others, thereby driving the market.
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Download PDF Brochure https://www.in dustryarc.com/ Ionic Liquids Market Segment Analysis – By Application pdfdownload.p The Solvent & Catalyst held the largest share in the ionic liquids market in 2021 and is hp?id=500329 forecasted to grow at a CAGR of 18.4% during the forecast period 2022-2027. The high demand for ionic liquids in solvent and catalyst applications is influenced by its superior features such as low VOC content, polarity, thermal stability, and good solvating properties, which speeds up the catalysis, thereby having flourishing demand across major industries such as chemical and pharmaceutical. The chemical industry is rising due to development and advancements in the chemical processing for green and new compounds, along with the rising production of chemicals across the globe. For instance, according to the BASF report 2021, the growth of the chemical industry was 6.1% in 2021. According to the American Chemical Council (ACC), chemical output in the US is estimated to grow by 4.1% in 2022 and further expand by 2.4% in 2023. The solvent and catalysts also have a high demand for the pharmaceutical industry for various drug and chemical synthesis. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Ionic Liquids Market Market Industry Outlook • BASF SE • Tokyo Chemical Industries
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Ionic Liquids Market- Forecast(2022 - 2027)
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