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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

4.5 (97 reviews)
Published: August 2021 ID: SMRC20886
4.5 (97 reviews)
Published: August 2021 ID: SMRC20886

This report covers the impact of COVID-19 on this global market
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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:

  • Rising demand for solvents
  • Increasing demand for acetonitrile for drug recrystallization
  • Increasing use of acetonitrile in various applications

Restraining Factors & Market Threats:

  • Availability of substitute products
  • Lack of technically skilled staff to handle and use the product


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.

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