According to the latest report by IMARC Group, titled “Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the acetonitrile market share.
The global acetonitrile market reached a volume of 142 Kilotons in 2021. Looking forward, IMARC Group expects the market to reach 189 Kilotons by 2027, exhibiting at a CAGR of 4.8% during 2022-2027. represents a clear and colorless liquid with a sweet and ethereal odor. It is usually produced in the form of acrylonitrile and is utilized as an aprotic solvent in natural synthesis and butadiene refinement. Acetonitrile exhibits high eluting power and chemical stability. In line with this, it is compatible with liquid chromatography-mass spectrometry (LC/MS) solutions. As compared to methanol, acetonitrile has a higher elution strength and reacts endothermically with water.
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Acetonitrile Market Trends-
The expanding pharmaceuticals industry is among the key factors stimulating the acetonitrile market. Additionally, the growing utilization of ethyl nitrile to synthesize carbonate drugs and as a solvent in the production of antibiotics, tertiary-generation cephalosporins, deoxyribonucleic acid (DNA) synthesis, etc., is further positively influencing the global market. Besides this, the widespread adoption of acetonitrile in the automotive sector for manufacturing acrylonitrile butadiene styrene (ABS) plastic with enhanced chemical resistance and mechanical strength is acting as another significant growth-inducing factor. Moreover, the escalating demand for acetonitrile to extract oleochemicals, such as fatty acids from animal and vegetable oils in laboratories, is also propelling the market growth. Apart from this, the inflating popularity of the compound in personal care and cosmetic products is bolstering the global market. Furthermore, the introduction of enhanced aqueous solutions and high-performance liquid chromatography (HPLC) that are widely used in the agrochemicals and analytical industries to synthesize pesticides and fertilizers and continuous investments in RD activities are anticipated to fuel the acetonitrile market over the forecasted period.
Acetonitrile Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the acetonitrile market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Asahi Kasei Corporation
- Formosa Plastic Corporation
- Imperial Chemical Corporation
- Nova Molecular Technologies, Inc
- Tedia Company, Inc
- Avantor Performance Materials, LLC
- Shanghai Secco Petrochemical Company Limited
- Qingdao Shida Chemical Co., Ltd.
- Nantong Acetic Acid Chemical Co., Ltd
- Taekwang Industrial Co., Ltd
Key Market Segmentation:
The report has segmented the global acetonitrile market on the basis of end-use and region.
Breakup by End-Use:
- Pharmaceuticals
- Analytical Industry
- Agrochemicals
- Extraction Industry
- Others
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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