Acetonitrile Market
Acetonitrile Market Forecasts to 2028 – Global Analysis By Purpose (Extraction Solvent, Feedstock, Reaction Solvent, Reagent), End User (Agriculture Industry, Analytical Industry, Pharmaceutical) and By Geography
According to Stratistics MRC, the Global Acetonitrile Market is accounted for $252.30 million in 2020 and is expected to reach $427.07 million by 2028 growing at a CAGR of 6.8% during the forecast period. The increasing use of acetonitrile in different applications, and high demand for acetonitrile for drug recrystallization are the factors driving the market growth. However, the increasing demand for substitute product prionil is hampering the growth of the market.
Acetonitrile is the simplest of organic nitriles with the chemical formula CH3CN. It is also known as cyanomethane, methyl cyanide, ethyl nitrile, methanecarbonitrile, etc. It is a clear, colourless liquid with a sweet, ethereal odour and is an important intermediate for pharmaceutical and functional material chemicals.
Based on the end user, the pharmaceutical industry segment is going to have lucrative growth during the forecast period due to the increased demand for recrystallization of drugs from the pharmaceutical industry.
By geography, Asia Pacific is going to have high growth during the forecast period owing to the increasing investments on pesticides, increasing R & D activities, and new medicines for improvement and development.
Some of the key players profiled in the Acetonitrile Market include Asahi Kasei Corporation, Avantor Performance Materials, LLC, Concord Technology (Tianjin) Co., Ltd., Connect Chemicals GmbH, Formosa Plastic Corporation, Imperial Chemical Corporation, Ineos AG, Jilin Provincial Chemicals Import & Export Co., Ltd., Nantong Acetic Acid Chemical Co., Ltd., Nova Molecular Technologies, Inc., Qingdao Shida Chemical Co., Ltd., Shanghai Secco Petrochemical Company Limited, Taekwang Industrial Co., Ltd, Tedia Company, Inc., and Zibo Luzhong Chemical and Light Industry Co., Ltd.
Report Coverage |
Details |
Published Year: |
2021 |
Estimated Market Size in 2020: |
USD 252.30 million |
Estimated Period: |
2020 |
Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
6.8% |
Predicted 2028 Value: |
USD 427.07 million |
Forecast Years: |
2021-2028 |
Tables, Graphs & Figures |
230 |
Chapters Covered: |
Type, Product, Purity, Purpose, Application, End User, Sales Channel, and Region |
Core Drivers and Opportunities: |
|
Restraining Factors & Market Threats: |
|
Types Covered:
• Derivative
• Solvent
Products Covered:
• Acetic Acid and Ammonia Synthesis
• Acetylene Ammonification Reaction
• Ammoxidation of Propylene
Purities Covered:
• More than 99.9%
• More than 99.5%
Purposes Covered:
• Extraction Solvent
• Feedstock
• Reaction Solvent
• Reagent
Applications Covered:
• Agrochemical
• Butadiene Extraction
• Deoxyribonucleic Acid (DNA) & Ribonucleic Acid (RNA) Synthesis
• Fats & Oils
• High-Performance Liquid Chromatography (HPLC) Solvents
• Industrial Application
• Intermediate
• Laboratory Preparation
• Organic Synthesis
• Pesticide
• Petrochemical (Vitamin B1)
• Research & Development
• Specialty Chemicals
End Users Covered:
• Agriculture Industry
• Analytical Industry
• Pharmaceutical
Sales Channels Covered:
• Direct Sales
• Distributor
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Acetonitrile Market is majorly driven by increasing use of acetonitrile in different applications, and high demand for acetonitrile for drug recrystallization.
The solvent segment is growing at a highest CAGR owing to its applications in casting and polymer spinning.
Asia Pacific dominated with a significant market share due to the factors such as increasing R & D activities for the development of pesticides and medicinal drugs.
North America market is growing at a highest CAGR owing to the significant growth of chemical industry in the region.
Key players in Acetonitrile Market include Asahi Kasei Corporation, Avantor Performance Materials, LLC, Concord Technology (Tianjin) Co., Ltd., Connect Chemicals GmbH, Formosa Plastic Corporation, Imperial Chemical Corporation, Ineos AG, Jilin Provincial Chemicals Import & Export Co., Ltd., Nantong Acetic Acid Chemical Co., Ltd., Nova Molecular Technologies, Inc., Qingdao Shida Chemical Co., Ltd., Shanghai Secco Petrochemical Company Limited, Taekwang Industrial Co., Ltd, Tedia Company, Inc., and Zibo Luzhong Chemical and Light Industry Co., Ltd.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Acetonitrile Market, By Type
5.1 Introduction
5.2 Derivative
5.3 Solvent
6 Global Acetonitrile Market, By Product
6.1 Introduction
6.2 Acetic Acid and Ammonia Synthesis
6.3 Acetylene Ammonification Reaction
6.4 Ammoxidation of Propylene
7 Global Acetonitrile Market, By Purity
7.1 Introduction
7.2 More than 99.9%
7.3 More than 99.5%
8 Global Acetonitrile Market, By Purpose
8.1 Introduction
8.2 Extraction Solvent
8.3 Feedstock
8.4 Reaction Solvent
8.5 Reagent
9 Global Acetonitrile Market, By Application
9.1 Introduction
9.2 Agrochemical
9.3 Butadiene Extraction
9.4 Deoxyribonucleic Acid (DNA) & Ribonucleic Acid (RNA) Synthesis
9.5 Fats & Oils
9.6 High-Performance Liquid Chromatography (HPLC) Solvents
9.7 Industrial Application
9.8 Intermediate
9.9 Laboratory Preparation
9.10 Organic Synthesis
9.11 Pesticide
9.12 Petrochemical (Vitamin B1)
9.13 Research & Development
9.14 Specialty Chemicals
10 Global Acetonitrile Market, By End User
10.1 Introduction
10.2 Agriculture Industry
10.3 Analytical Industry
10.4 Pharmaceutical
11 Global Acetonitrile Market, By Sales Channel
11.1 Introduction
11.2 Direct Sales
11.3 Distributor
12 Global Acetonitrile Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Asahi Kasei Corporation
14.2 Avantor Performance Materials, LLC
14.3 Concord Technology (Tianjin) Co., Ltd.
14.4 Connect Chemicals GmbH
14.5 Formosa Plastic Corporation
14.6 Imperial Chemical Corporation
14.7 Ineos AG
14.8 Jilin Provincial Chemicals Import & Export Co., Ltd.
14.9 Nantong Acetic Acid Chemical Co., Ltd.
14.10 Nova Molecular Technologies, Inc.
14.11 Qingdao Shida Chemical Co., Ltd.
14.12 Shanghai Secco Petrochemical Company Limited
14.13 Taekwang Industrial Co., Ltd
14.14 Tedia Company, Inc.
14.15 Zibo Luzhong Chemical and Light Industry Co., Ltd
List of Tables
1 Global Acetonitrile Market Outlook, By Region (2019-2028) (US $MN)
2 Global Acetonitrile Market Outlook, By Type (2019-2028) (US $MN)
3 Global Acetonitrile Market Outlook, By Derivative (2019-2028) (US $MN)
4 Global Acetonitrile Market Outlook, By Solvent (2019-2028) (US $MN)
5 Global Acetonitrile Market Outlook, By Product (2019-2028) (US $MN)
6 Global Acetonitrile Market Outlook, By Acetic Acid and Ammonia Synthesis (2019-2028) (US $MN)
7 Global Acetonitrile Market Outlook, By Acetylene Ammonification Reaction (2019-2028) (US $MN)
8 Global Acetonitrile Market Outlook, By Ammoxidation of Propylene (2019-2028) (US $MN)
9 Global Acetonitrile Market Outlook, By Purity (2019-2028) (US $MN)
10 Global Acetonitrile Market Outlook, By More than 99.9% (2019-2028) (US $MN)
11 Global Acetonitrile Market Outlook, By More than 99.5% (2019-2028) (US $MN)
12 Global Acetonitrile Market Outlook, By Purpose (2019-2028) (US $MN)
13 Global Acetonitrile Market Outlook, By Extraction Solvent (2019-2028) (US $MN)
14 Global Acetonitrile Market Outlook, By Feedstock (2019-2028) (US $MN)
15 Global Acetonitrile Market Outlook, By Reaction Solvent (2019-2028) (US $MN)
16 Global Acetonitrile Market Outlook, By Reagent (2019-2028) (US $MN)
17 Global Acetonitrile Market Outlook, By Application (2019-2028) (US $MN)
18 Global Acetonitrile Market Outlook, By Agrochemical (2019-2028) (US $MN)
19 Global Acetonitrile Market Outlook, By Butadiene Extraction (2019-2028) (US $MN)
20 Global Acetonitrile Market Outlook, By Deoxyribonucleic Acid (DNA) & Ribonucleic Acid (RNA) Synthesis (2019-2028) (US $MN)
21 Global Acetonitrile Market Outlook, By Fats & Oils (2019-2028) (US $MN)
22 Global Acetonitrile Market Outlook, By High-Performance Liquid Chromatography (HPLC) Solvents (2019-2028) (US $MN)
23 Global Acetonitrile Market Outlook, By Industrial Application (2019-2028) (US $MN)
24 Global Acetonitrile Market Outlook, By Intermediate (2019-2028) (US $MN)
25 Global Acetonitrile Market Outlook, By Laboratory Preparation (2019-2028) (US $MN)
26 Global Acetonitrile Market Outlook, By Organic Synthesis (2019-2028) (US $MN)
27 Global Acetonitrile Market Outlook, By Pesticide (2019-2028) (US $MN)
28 Global Acetonitrile Market Outlook, By Petrochemical (Vitamin B1) (2019-2028) (US $MN)
29 Global Acetonitrile Market Outlook, By Research & Development (2019-2028) (US $MN)
30 Global Acetonitrile Market Outlook, By Specialty Chemicals (2019-2028) (US $MN)
31 Global Acetonitrile Market Outlook, By End User (2019-2028) (US $MN)
32 Global Acetonitrile Market Outlook, By Agriculture Industry (2019-2028) (US $MN)
33 Global Acetonitrile Market Outlook, By Analytical Industry (2019-2028) (US $MN)
34 Global Acetonitrile Market Outlook, By Pharmaceutical (2019-2028) (US $MN)
35 Global Acetonitrile Market Outlook, By Sales Channel (2019-2028) (US $MN)
36 Global Acetonitrile Market Outlook, By Direct Sales (2019-2028) (US $MN)
37 Global Acetonitrile Market Outlook, By Distributor (2019-2028) (US $MN)
NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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