Chemical & Materials Trending Ionic Liquids Market | Page 3

Drivers & Restrain
• The market is driven by rising demand for ionic liquids owing to their unique properties along
with development and commercialization of ionic liquid applications.
• The ionic liquids find potential applications in solvents & catalysts, process & operating fluids,
plastics, batteries & electrochemistry, and bio-refineries.
• The factor restraining the growth of the ionic liquids market is its price.
• As these liquids are manufactured in a small scale, once the demand grows owing to
commercialization of applications, the prices are expected to decrease making their use in various
processes economic and feasible.
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