Sales of Ionic Liquids to Hit $3.4 Billion by 2020, up from $300 Million

A study by Helmut Kaiser (Zürich, Switzlerland), a consulting firm, predicts that there will be a phenomenal hike in demand for ionic liquids during the next 10 years, with sales increasing to $3.4 billion in 2020, up from about $300 million today. Chemical firms increasingly are investing in the development of ionic liquids, with 990 new patents in the field demonstrating a heightened interest in the use of ionic liquids, Helmut Kaiser says. “The potentials and prospects for ionic liquids use are vast,” the firm says. The potential number of...

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