Report Highlights
The global market for ionic liquids should grow from $57.5 million in 2019 to reach $70.0 million by 2024 at a compound annual growth rate (CAGR) of 4.0% for the period of 2019-2024.
Report Includes
- 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
Report Scope
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.
- Biotechnologies.
- Metal finishing's.
- Others.
Further, the global ionic liquids market has been studied based the following major markets:
- North America:
- The U.S.
- Canada.
- Europe:
- Germany.
- France.
- U.K.
- Others.
- Asia-Pacific:
- China.
- India.
- Korea.
- Japan.
- Others.
- 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.
Analyst Credentials
Arpita Mukherjee has seven years of experience in technology market research and consulting, including having worked with a major market research and growth consulting firm. She holds a bachelor's degree in chemical engineering and a master's degree in energy science and technology from Jadavpur University. She also has experience as a lecturer in an engineering college, as well as a researcher in a government research laboratory. She primarily researches the chemical and material markets and their uses in niche application markets. She helps clients to understand these markets in a concise and intellectual manner. She has conducted research in markets such as polymers, electronic chemicals, semiconductors, chemicals and material technology.
The analyst has authored technology market research studies in diverse areas, including:
- Healthcare packaging.
- Carboxymethyl cellulose (CMC).
- Nanocellulose technologies.
- Ionic liquids.
- Prebiotics.
- Anti-corrosion coatings.
- Food safety technologies.
- Hydroprocessing catalysts.
Related Reports
2019 Chemicals Research Review
This Chemical Research Review provides a sampling of the type of quantitative market information, analysis and guidance
Sustainability Sense or Cents: How do Companies Incorporate Sustainability Decisions in their Businesses?
This brief report summarizes a potent new force helping to determine product and company outcomes. We describe the integration of a business calculus that assigns number functions such as total area of consumer adoption and “stickiness”, volume of combined product performance, trajectory of product applications, and overall internal team support and effectiveness. Sustainability and environmental mathematics are helping to shape a new sense of how to optimize dollar results.
Molten Salt Reactors: Opportunity and Global Markets
The global market for molten salt reactors is expected to increase from $8.9 billion in 2017 to nearly $15.1 billion in 2022 at a compound annual growth rate (CAGR) of 11.1% for 2017-2022.
Advanced Materials and Devices for Renewable Energy: Global Markets--Focus on the U.S.
Identify and quantify the market (wth a focus on the US) for advanced material and device technologies used in renewable-energy systems. Includes forecasts through 2016.
Track the Latest Global Tariff Developments
In today's fast-paced global economy, tariffs are no longer static—they are dynamic levers shaped by geopolitical realignments, supply chain vulnerabilities, inflationary pressures, and sustainability-driven trade reforms. As governments worldwide recalibrate their trade strategies, businesses are left to navigate a maze of shifting rules, rising costs, and regulatory uncertainty.
Our analysis empowers you with real-time updates and in-depth expert analysis on all facets of global tariff activity. From new trade agreements and sanctions to abrupt tariff hikes and retaliatory duties, we monitor developments across borders, sectors, and industries—so you don't have to.
Whether it's the ongoing U.S.–China trade dynamics, the evolving EU Carbon Border Adjustment Mechanism (CBAM), or the emerging policies in India, ASEAN, and Latin America, we provide full-spectrum coverage. We also track multilateral trade negotiations, World Trade Organization (WTO) rulings, and sector-specific duty structures—ensuring you are always ahead of global trade shifts.
With our analysis, you can stay informed, identify risks, and confidently respond to tariff changes—no matter where you operate.
Ready to see what tariff means for your business?
Consult with our experts or request your custom Tariff Impact Brife today
Stay Informed, Stay Competitive
In today's interconnected and unpredictable global economy, staying ahead of tariff shifts is not just important—it's essential. BCC Research provides decision-makers with trusted, research-driven insights that turn uncertainty into opportunity.
Our in-depth market analysis and trade intelligence help you decode how tariff changes impact your specific sector—manufacturing, healthcare, technology, agriculture, or energy. We break down complex data into actionable knowledge through comprehensive reports, expert commentaries, and sector-focused forecasts.
Our analysis includes:
- Thorough breakdowns of current and proposed tariff policies and how they affect regional and global trade flows.
- Sector-specific implications, helping you understand the strategic impact on sourcing, pricing, and competitiveness.
- Forward-looking insights to support risk management, planning, and response strategies for evolving trade conditions.
With BCC Research, you gain more than just information—you gain clarity and confidence to make well-informed decisions in a volatile trade environment.
Don't let tariffs catch you off guard—let our insights guide your strategy.
Recent Reports
State of the Materials Industry - Third Quarter Review
BCC Research’s Q3 2025 report reviews materials industry performance, highlighting innovation trends, market drivers, and sustainability-focused growth insights.
High-Purity Solvents: Global Markets
The global market for high-purity solvents is estimated to grow from $32.7 billion in 2025 and forecast to reach $45 billion by the end of 2030, at a compound annual growth rate (CAGR) of 6.6% from 2025 through 2030.
Refrigerants: Global Markets
The global market for refrigerants was valued at $25.9 billion in 2024 and is estimated to increase from $27.2 billion in 2025 to reach $36.7 billion by 2030, at a compound annual growth rate (CAGR) of 6.2% from 2025 through 2030.
Flame Retardant Chemicals: Technologies and Global Markets
The global market for flame retardant chemicals is projected to grow from $6.1 billion in 2025 to $8 billion by the end of 2030, at a compound annual growth rate (CAGR) of 5.3% from 2025 through 2030.
Global High Purity Quartz Market
The global market for high-purity quartz is expected to grow from $1.1 billion in 2025 and is projected to reach $1.4 billion by the end of 2030, at a compound annual growth rate (CAGR) of 4.5% during the forecast period of 2025 to 2030.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More