• 12-Jun-2024

Ionic Liquids Market to Reach $89 Million by 2030 - Exclusive Report by The Insight Partners

Grand News Network | November 6, 2023

Pune, India, Nov. 06, 2023 (GLOBE NEWSWIRE) -- According to our latest study on "Ionic Liquids Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type and Application," the ionic liquids market size is expected to grow from US$ 42 million in 2022 to US$ 89 million by 2030; it is estimated to register a CAGR of 9.8% from 2022 to 2030. The report highlights key factors driving the ionic liquids market growth and prominent players along with their developments in the market.

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Ionic liquids are ionic compounds formed by the combination of a cation and an anion, such as salts. The term molten salts is also used to refer generally to ionic liquids. Ionic liquids are liquid over a wide range of temperatures (300 to 400°C) from the melting point to the decomposition temperature of these compounds.

The increasing use of ionic liquids in various applications is a major driver for the ionic liquids market growth. The applications of ionic liquids are antistatic agents, electrolytes, solvents, lubricants, and many others. Ionic liquids are used as antistatic agents by adding them to resins. They can be used in processes subjected to high temperatures as they are involatile and highly heat-resistant. Ionic liquids are highly used in electrochemical devices such as electric double-layer capacitors (EDLC), lithium-ion batteries (LIB), and dye-sensitized solar cells (DSSC). Further, the development of environment-friendly clean processes has become an important topic in the chemical industry in recent years. As a result, ionic liquids are getting high attention in the field of green chemistry, as they do not disperse into environments, and they can ...

Full story available on Benzinga.com

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