The Global Ionic Liquids Market was valued at US$ 51 Million in 2023 and is projected to reach US$ 71 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period (2023–2029). This significant expansion is fueled by the escalating demand for green solvents, the push for sustainable manufacturing processes across industries, and the unique properties of ionic liquids that offer superior performance in catalysis, separation, and electrochemistry.

As the global industrial landscape pivots towards sustainability and efficiency, ionic liquids are emerging as a cornerstone of green chemistry. These versatile, low-temperature molten salts are replacing volatile organic compounds in numerous applications. In this blog, we profile the Top 10 Companies in the Ionic Liquids Industry—a combination of chemical giants, specialized manufacturers, and technology pioneers shaping the future of this dynamic market.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Broad portfolio of Ionic Liquids for Catalysis, Extraction, and Electrolytes

BASF is a global leader in the chemical industry and a significant player in the ionic liquids space. The company leverages its extensive R&D capabilities to develop innovative ionic liquid solutions tailored for specific industrial processes, including BASIL™ (Biphasic Acid Scavenging utilizing Ionic Liquids) technology.

Innovation and Sustainability Initiatives:

• Pioneering the use of ionic liquids as solvents and catalysts to reduce environmental impact.
• Investing in R&D for energy storage applications, including next-generation batteries.
• Committed to achieving climate-neutral growth by 2030.

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9️⃣ 2. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: Specialty Ionic Liquids for Process Engineering and Life Sciences

Evonik Industries specializes in high-performance specialty chemicals and is actively developing ionic liquids for advanced applications. Their focus is on creating tailored solutions that enhance process efficiency and sustainability in sectors like pharmaceuticals and biotechnology.

Innovation and Sustainability Initiatives:

• Development of biocompatible ionic liquids for pharmaceutical formulations.
• Focus on creating recyclable and reusable ionic liquid systems for green chemistry.

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8️⃣ 3. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Ionic Liquids for Electrochemistry, Solvents, and Advanced Materials

Solvay is a key innovator in advanced materials and specialty chemicals. The company’s ionic liquids portfolio supports applications in battery electrolytes, gas separation, and as sustainable solvents, aligning with its commitment to a circular economy.

Innovation and Sustainability Initiatives:

• R&D in ionic liquid-based electrolytes for safer, high-performance lithium-ion batteries.
• Development of processes for carbon capture using ionic liquids.

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7️⃣ 4. Merck KGaA

Headquarters: Darmstadt, Germany
Key Offering: High-Purity Ionic Liquids for Research, Electronics, and Life Sciences

Through its Sigma-Aldrich brand, Merck is a leading supplier of high-purity ionic liquids to the global research community and industrial sectors. The company provides a vast catalog of standardized and custom ionic liquids essential for scientific discovery and high-tech applications.

Innovation and Sustainability Initiatives:

• Providing critical materials for academic and industrial R&D in green chemistry.
• Supporting the development of ionic liquids for electronics and display technologies.

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6️⃣ 5. Solvionic SA

Headquarters: Toulouse, France
Key Offering: Custom Ionic Liquid Synthesis, Electrolytes, and Process Development

Solvionic is a pure-play specialist dedicated exclusively to the research, development, and production of ionic liquids. The company works closely with clients to design and manufacture custom ionic liquids for specific industrial challenges, particularly in energy storage and catalysis.

Innovation and Sustainability Initiatives:

• Expertise in scaling up ionic liquid production from lab to industrial scale.
• Strong focus on ionic liquids for next-generation battery technologies.

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5️⃣ 6. Proionic GmbH

Headquarters: Grambach, Austria
Key Offering: High-Quality Ionic Liquids, IL-based Electrolytes, and Synthesis Services

Proionic is an Austrian company renowned for its high-quality production of ionic liquids and its focus on electrochemical applications. The company offers both standard products and custom synthesis, serving the automotive, aerospace, and electronics industries.

Innovation and Sustainability Initiatives:

• Development of non-flammable, high-stability electrolytes for lithium-ion and supercapacitors.
• Pioneering work in the use of ionic liquids for metal plating and surface treatment.

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4️⃣ 7. Ionic Liquids Technologies GmbH (IOLITEC)

Headquarters: Heilbronn, Germany
Key Offering: One of the world’s largest portfolios of Ionic Liquids and Related Materials

IOLITEC is a leading global supplier with an extensive catalog of over 300 different ionic liquids. The company serves a broad range of industries, from academia to large-scale industrial manufacturers, providing both standard and tailor-made solutions.

Innovation and Sustainability Initiatives:

• Broad product range supporting diverse R&D and industrial applications.
• Active in developing ionic liquids for biomass processing and CO2 capture.

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3️⃣ 8. Strem Chemicals, Inc.

Headquarters: Newburyport, Massachusetts, USA
Key Offering: High-Purity Ionic Liquids for Catalysis and Materials Science Research

Strem Chemicals is a major supplier of high-purity specialty chemicals, including a focused range of ionic liquids, primarily to the research and development sector. The company is known for its high-quality standards and materials used in catalysis and advanced material synthesis.

Innovation and Sustainability Initiatives:

• Supplying critical research materials for developing new catalytic processes.
• Supporting innovation in academia and industry with high-purity compounds.

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2️⃣ 9. Koei Chemical Co., Ltd. (The Chemours Company affiliations)

Headquarters: Tokyo, Japan
Key Offering: Ionic Liquids for Electronics and Specialty Chemical Applications

Koei Chemical, often associated with specialty chemical partnerships including those with Chemours, is a significant player in the Asian market. The company produces ionic liquids used in electronics manufacturing and other high-tech industries.

Innovation and Sustainability Initiatives:

• Development of ionic liquids for etching and cleaning processes in semiconductor manufacturing.
• Focus on high-purity materials for the electronics supply chain.

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1️⃣ 10. Tatva Chintan Pharma Chem Ltd.

Headquarters: Gujarat, India
Key Offering: Ionic Liquids, Phase Transfer Catalysts, and Specialty Chemicals

Tatva Chintan is a leading Indian manufacturer of specialty chemicals, including a growing portfolio of ionic liquids and phase transfer catalysts. The company is emerging as a key supplier in the Asia-Pacific region, catering to the pharmaceutical, agrochemical, and petroleum industries.

Innovation and Sustainability Initiatives:

• Investment in R&D for environmentally benign reaction media.
• Expanding production capacity to meet rising global demand for green chemicals.

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🧪 Outlook: The Future of Ionic Liquids Is Customizable and Sustainable

The ionic liquids market is on a robust growth trajectory, transitioning from niche research chemicals to commercially viable solutions for major industrial challenges. While the current market is dominated by research and specialized applications, the industry is rapidly scaling up for broader adoption in green manufacturing and energy storage.

📈 Key Trends Shaping the Market:

• Accelerated adoption in Li-ion and post-lithium batteries for enhanced safety and performance.
• Growing use as green solvents and catalysts in pharmaceutical and chemical synthesis to replace VOCs.
• Increased R&D investment in carbon capture and utilization (CCUS) technologies.
• Expansion of custom synthesis services to meet specific industry needs.

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Ionic Liquids Market – View in Detailed Research Report

The companies listed above are not only supplying essential chemicals—they are at the forefront of developing the sustainable processes that will define the future of manufacturing and energy storage worldwide.