Ionic Liquids Market Size Forecast to Exceed Usd 2 Billion by 2022: Global Market Insights, Inc.

Ionic liquids Market Size is forecast to be worth over USD 2 Billion by 2022; as per a new research report by Global Market Insights, Inc. Strong green solvents market demand in chemicals, pharmaceuticals and electronics in order to minimize toxicity concerns from inorganic counterparts are likely to drive growth.

Browse In-depth Research Report on Global Ionic liquids Market with detailed charts and figures: https://www.gminsights.com/industry-analysis/ionic-liquids-market-report

Catalysis/synthesis application dominated the demand and accounted for over 27% of the total ionic liquid market share in 2014, with consumption of over 2,800 tons.

Commercial products for this application include stannates, chloraluninates or alkylchloroaluminates. Pharmaceutical applications are forecast to grow with highest CAGR of 25.6% up to 2022.

Request for sample of this Research Report: https://www.gminsights.com/request-sample/detail/121

Stringent norms by REACH and EPA to curb toxicity by minimizing VOC content in the environment is likely to positively influence ionic liquids market size in green solvent applications. The CAA (Clean Air Act) forms the basis of the EPA action & mandate to curb atmospheric pollution with guidelines for each state to maintain SIP (Sate Implementation Plan) for compliance. EU, under the act 1999/13/EC, regulates VOC emission in manufacturing and service sectors.

Liquids such as pyrrolidinium, imidazolium, pyridinium, piperidinium, ammonium, morpholinium, sulphonium and phosphonium offer production flexibility owing to myriad combinations of anions & cations. These are favored in numerous applications owing to intrinsic properties which include high temperature stability, insignificant vapor pressure, low viscosity, non-flammability and liquid state preservation in high temperature area.

Possibility of some traditional ionic liquids such as N-alkylpyridinium and tetraalkylammonium of becoming persistent pollutants by release in...