Ionic liquids are designer molecules which can efficiently replace the conventional organic solvents used in chemical processes and operations. Although a number of such applications have been reported in the literature for almost a decade, very few have actually been commercialized. This paper details the different applications claimed and examines the issues and barriers which obstruct the rapid commercialization of ionic liquids. It identifies further courses of action required for the assessment and realization of the advantages of ionic liquids.
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