Increasing demand from end user industry like catalysts and solvents along with the increasing environmental concerns is driving the demand for the market.

North America Ionic Liquids Market Size – USD 33.3 million in 2019, Growth - CAGR of 8.8%, Trends – High demand from catalysts and solvents sector.

The Global North America Ionic Liquids Market is projected to reach USD 65.8 million in 2027. Increasing usage of North America Ionic Liquids as industrial solvents specially in Catalysts and Solvents industry is driving the market’s growth. Apart from this, need for development of green chemistry in order to address environmental concerns is predicted to fuel the market’s growth during the forecast period.

Increasing environmental awareness regarding green solvents is expected to boost the market’s growth. Various industries are flourishing in the North American region and the usage of North America Ionic Liquids has become common in these industries. The increasing government budget for environmental compliance programs are also forcing manufacturers of different sectors to adopt these liquids. North America Ionic Liquids possess chemical properties like thermal stability, low vapour pressure, liquid crystalline structures, high heat capacity, miscibility with water or organic solvents. The products offered by the market are widely used in industrial reactions in the form of solvents and catalysts.

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Top Companies: BASF SE, Evonik Industries, Solvay S.A., Merck KGAA, The Chemours Company, Proionic, Solvionic SA, North America Ionic Liquids Technologies GmbH, Strem Chemicals Inc. and Coorstek Specialty Chemicals.

Further Key Finding from the Report Suggestion:

• North America Ionic Liquids are used as process chemicals in a variety of chemical processes like separation and purification.
• Offline sales channel is popular among small suppliers and producers who are trying to cater to the domestic markets of their respective regions.
• Increase in investments in bio-refinery processes is likely to have a positive impact on the growth of the industry.
• The Asia Pacific market is expected to witness significant growth mainly due to the flourish of the industry in Japan. Rapid urbanization and growth of chemical sector may trigger the market’s growth in this part of the world.
• In March 2020, Proionic introduced ionic liquid based hydrogen storage technology which offers long term stability and are extremely safe as well as non-flammable.
• In June 2020, Proionic launched “Electrolyte Summer Special” following the successful launch of IL-electrolyte BMPyrr FSI.
• Solvionic SA introduced LiFSI based Next Generation Electrolytes for Lithium Ion Batteries in 2019.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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The global North America Ionic Liquids market is segmented into:

Application Outlook (Revenue, USD Million; 2020-2027)

• Process Chemicals
• Performance Chemicals

Sales Channel Outlook (Revenue, USD Million; 2020-2027)

• Offline
• Online

End User Outlook (Revenue, USD Million; 2020-2027)

• Catalysts Solvents
• Food
• Paper Pulp
• Electronics
• Bio-refineries
• Automotive
• Pharmaceuticals
• Others

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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