Ionic Liquids: Environmentally Sustainable Solvent, Energy Storage and Separation Processes
ID : RND_044572 Format : PDF June, 2019 Publisher : Pages : 116
This report reviews both global and regional ionic liquids markets for different end-use industries. The report analyzes the current market status and trends and provides growth forecasts for the five-year period of 2019 to 2024. The analysis also discusses R&D issues, including global regulatory scenarios and other commercialization hurdles. Additionally, this comprehensive report examines technology developers/manufacturers of biodegradable stents, their products and technologies and geographical product presence where data are available.
This report analyzes the global ionic liquids market based on the following application industries -
- Solvents and catalysts.
- Electrochemical devices.
- Separation processes.
- Metal finishing's.
Further, the global ionic liquids market has been studied based the following major markets -
- North America:
- The U.S.
- Rest of the World (ROW)
As the global IL industry is highly R&D intensive, the sales of ionic liquids for all kinds of advanced R&D purposes have been considered during total revenue calculations.
The report offers a detailed patent analysis with information on the strategic initiatives of market players within the past five years.
Specifically excluded from the study are detailed reviews on ionic liquid process equipment and suppliers of process equipment.
Estimated values used are based on manufacturers' total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.
- 40 tables
- An overview of the global markets and applications of ionic liquids
- Analyses of global market trends, with data from 2018, estimates for 2019 and projections of compound annual growth rates (CAGRs) through 2024
- A look into milestones in the history of ionic liquids and discussion of current events within the industry
- Explanation of characteristics of ionic liquids such as low vapor pressure, stability, and environment friendliness
- Description of commercial ionic liquids production technologies
- Information on ionic liquids as a sustainable replacement of traditional organic solvents used in many industrial applications
- Coverage of supply and sourcing issues, latest development, commercialization hurdles, market trend, and demand side analysis
- Comprehensive company profiles of the suppliers of different types of ionic liquids, including Air Products and Chemicals Inc., BASF SE, Evonik Industries AG, Honeywell UOP and Merck KGaA"
Ionic liquids are a small specialty chemical market that have recently started to receive attention from investors and end users. The industry is expanding slowly but steadily as suppliers struggle to keep pace with the global demand for alternative environmentally-friendly technologies across different applications including energy storage, industrial solvents and biomass processing.
High manufacturing costs as a result of small-scale batch production are a primary barrier for the penetration of materials in end use applications. High raw material costs are hindering the number of players entering the market. As with other emerging technologies, cost benefits may not be immediately obvious due to low volume of production. BCC Research expects large-scale ionic liquid supply by 2022, along with at least a 70% decline in price. This will be associated with accoladed technology adoption and faster commercialization, with a compound annual growth rate (CAGR) of REDACTED between 2019 and 2024.
Security of supply and cost are the two major factors that affecting the global IL market. Today, there are many suppliers of ionic liquids with production capacity varying from the gram scale to the multi -ton scale. As the demand for ionic liquids has not been established properly in many of its end use application market, suppliers are restricting their full capacity production or producing on a small scale. This has resulted in high production costs, and as a result many end users do not find ionic liquids to be price competitive.
Though today there are only limited number of commercial processes available that use ionic liquids, there is clearly a path forward that suggests that ionic liquid technologies are viable if costs can be controlled. The application market is dominated by startups and university spin-offs in partnership with conventional ionic liquid manufacturers. With the recent success commercialization and market adoption stories, ionic liquid technologies are certain to broaden in the coming years.
Supportive government regulations in many regions are anticipated to have a positive impact on the global ionic liquids market, especially for renewable technology applications. Stringent regulations banning certain toxic solvents and processed chemicals in various industry sectors, especially in developed regions such as the U.S. and Europe, are primarily propelling market growth. Incentives offered by governments, especially promoting the use of renewable sources, are expected to have a positive impact on global ionic liquids demand for next five years.
The solvents and catalysts application market will remain the major end use market for ionic liquids by both value and volume during the forecast period, followed by separation processes, biotechnology, and electrochemical devices. Overall, certain segments in the separation process market area expected to witness the fastest growth rate in the industry.
Advances in renewable energy harvesting have led to a pressing demand for the complimentary energy storage technology that boosts opportunities for advanced electrolyte technologies, including ionic liquid-based electrolytes. These electrolytes hold tremendous opportunity in lithium-ion batteries (LiBs) for which the industry will still use organic solvents for quite a while until there is no real alternatives."
"Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Methodology and Information Sources
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Types of Ionic Liquids
Imidazolium Ionic Liquids
Pyridinium Ionic Liquids
Ammonium Ionic Liquids
Phosphonium Ionic Liquids
Pyrrolidinium Ionic Liquids
Piperidinium Ionic Liquids
Generations of Ionic Liquids
Physical and Chemical Properties
Physical and Thermal Stability
Ionic Liquid Synthesis Methods
Acid Base Neutralization
Cost of Ionic Liquids
Value Chain Analysis
Corporate R&D and Academic Research
Technology Development (Both Process and Enabling Technologies)
Regulatory Approvals, Standardization and Certifications
Commercialization and End Product Development
High Cost of Ionic Liquids
Threat of Substitution from Alternatives
Pace of Change
Lack of Knowledge
Lack of Material Standardization
Favorable Government Policies Toward Green, Ecofriendly and Sustainable Processes
Rising Funding and Government Incentives
Versatility in Compounding/Designing
Technology and Market Trends
Ionic Liquid-Based Technology Commercialization
Eastman Chemical Co.
Queens University Ionic Liquids Laboratory (QUILL) and Petronas
Central Glass Co. Ltd.
Chapter 4 Market Breakdown by Application
Electrolytes for Lithium-Ion Batteries (LiB)
Dye-Sensitized Solar Cells
Demand Side Analysis for Biomass Pretreatment Processes
Industrial Solvents and Catalysts
Ionic Liquids as Lubricants
Membrane Gas Separation
Chapter 5 Market Breakdown by Region
Market Opportunity by Major Regions
Rest of the World (ROW)
Chapter 6 Patent Review/ New Developments
Patent Review by Year
Patent Review by Country
Patent Review by Application
Chapter 7 Analysis of Market Opportunities
Porter's Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Customers
Threat of New Entrants
Threat of Substitutes
Competitive Rivalry Between Existing Players
Chapter 8 Company Profiles
AIR PRODUCTS AND CHEMICALS INC.
CENTRAL GLASS CO.
CHRYSALIX TECHNOLOGIES/IMPARERAL INNOVATION
COVALENT ASSOCIATES INC.
EVONIK INDUSTRIES AG
HENAN TIANFU CHEMICAL CO. LTD.
ILCO CHEMICALS GMBH
INSTITUT FRANÇAIS DU PÉTROLE (IFP)
IONIC LIQUIDS TECHNOLOGIES GMBH & CO. KG (IOLITEC)
JINKAI CHEMICAL CO. LTD.
KOEI CHEMICAL CO. LTD.
LINDE GAS GMBH
PETROLIAM NASIONAL BHD (PETRONAS)
QUEEN’S UNIVERSITY IONIC LIQUID LABORATORIES (QUILL)
REINSTE NANO VENTURES PVT. LTD.
STREM CHEMICALS INC.
SYNTHIO CHEMICALS LLC
TATVA CHINTAN PHARMA CHEM PVT. LTD.
TOKYO CHEMICAL INDUSTRY CO. LTD. (TCI)
Chapter 9 Appendix: Acronyms and Chemical Names"
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model:
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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