Global Acetonitrile Market, By Type (Derivative, Solvent), Application (Organic Synthesis, Specialty Chemicals, HPLC Solvents, Pharmaceutical, Extraction, DNA and RNA Synthesis, Others), End-User (Pharmaceutical Industry, Analytical Industry, Agricultural Industry, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Acetonitrile Market
The acetonitrile market is expected to witness market growth at a rate of 4.78% in the forecast period of 2021 to 2028 and is expected to reach USD 379.09 million by 2028. Data Bridge Market Research report on acetonitrile market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing demand for plastic products is escalating the growth of acetonitrile market.
Acetonitrile also called methyl cyanide or cyanomethane refers to a colorless chemical compound in liquid form representing chemical formula CH3CN. The chemical is known to be the most basic and simple organic nitrile which is generally produced as an acrylonitrile manufacture by-product. It is used as an acrylonitrile manufacture by-product for butadiene purification. It is extensively utilized in various industrial applications such as pharmaceutical industry for synthesizing new pesticides, medicaments, pesticides, vitamin B1 and other products.
The increasing demands for acetonitrile from end-use industries such as pharmaceutical manufacturing, specialty chemicals, electronics, HPLC applications and biotechnological applications act as one of the major factors driving the growth of acetonitrile market. The rise in the demand for acrylonitrile products such as acrylic fibers, polyacrylamide and acrylic plastics and the increase in popularity of the chemical in plastic industry as they are used to obtain pure acrylonitrile and acrylonitrile butadiene styrene (ABS) plastic offering impact strength, high tensile and optimal resistance against chemicals and various plasticizer accelerate the acetonitrile market growth. The consumer preference towards aqueous acetonitrile as extraction solvent in the agricultural sector to synthesize pesticide residues from agrarian samples and high usage of the chemical for high-performance liquid chromatography performed to separate, identify and quantify a component in a mixture further influence the acetonitrile market. Additionally, high demand for ABS worldwide, growing infrastructural activities, demand for acetonitrile for drug recrystallization, rising need for lightweight vehicles and increasing use in HPLC applications as organic solvent positively affect the acetonitrile market. Furthermore, increasing use of acetonitrile in different applications sealants extends profitable opportunities to the acetonitrile market players in the forecast period of 2021 to 2028.
On the other hand, availability and increasing demand for substitute product prionil and shortage in supply of the product increasing the product price are the factors expected to obstruct the acetonitrile market growth. Requirement of technically skilled staff to handle and use acetonitrile is projected to challenge the acetonitrile market in the forecast period of 2021-2028.
This acetonitrile market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on acetonitrile market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Acetonitrile Market Scope and Market Size
The acetonitrile market is segmented on the basis of type, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the acetonitrile market is segmented into derivative and solvent.
- On the basis of application, the acetonitrile market is segmented into organic synthesis, specialty chemicals, HPLC solvents, pharmaceutical, extraction, DNA and RNA synthesis and others.
- On the basis of end-user, the acetonitrile market is segmented into pharmaceutical industry, analytical industry, agricultural industry and others.
Global Acetonitrile Market Country Level Analysis
The acetonitrile market is analyzed and market size, volume information is provided by country, type, application and end-user as referenced above.
The countries covered in the globally acetonitrile market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to witness the fastest growth in acetonitrile market during the forecast period of 2021 to 2028 because of the high production, supportive government initiatives and high agrichemical demand in the region. North America is estimated to display significant growth due to growing chemical industry, increasing domestic oil production, abundant feed stock and energy and high for inorganic chemicals production including acetamidine hydrochloride and thiamine among others.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Acetonitrile Market Share Analysis
The acetonitrile market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to acetonitrile market.
The major players covered in the acetonitrile market report are GREENFIELD GLOBAL INC., INEOS, Connect Chemicals, secco.com.cn, Honeywell International Inc., Robinson Brothers, Hunan Chem. Europe B.V., Mitsubishi Chemical Corporation, Zibo Luzhong Chemical Light Industry Co., Ltd., Formosa Plastics Corp, Nova Molecular Technologies, Biosolve Chimie, Avantor, Inc., Asahi Kasei Corporation, Imperial Chemical Corporation, Alfa Aesar, Thermo Fisher Scientific Inc., GFS Chemicals, Inc., Jilin Provincial Chemicals Import & Export Co.,Ltd., Standard Reagents Pvt.Ltd, Tedia Company, TAEKWANG INDUSTRIAL CO.,LTD., Nantong Acetic Acid Chemical Co., Ltd. and PetroChina Company Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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