Acetonitrile Market Trends, Emerging Audience, Segments forecasted till 2028

 Market Overview:

The global Acetonitrile Market accounted for US$ 236.18 Mn in 2018 and is expected to grow at a CAGR of 5.1% from 2019 to 2027, to reach US$ 368.60 Mn by 2027. Acetonitrile, otherwise called methyl cyanide or ethanenitrile, is a dull, unpredictable, combustible, and lethal dissolvable. It is the least difficult natural nitrile and can be blended in with water alongside most natural solvents. It additionally shows high miscibility with liquor, CH3)2CO, and epoxy gum with no obstruction with epoxy polymerization. This colorless liquid is the simplest organic nitrile (although hydrogen cyanide is even simpler, the cyanide anion is not classed as organic) to synthesize.

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Based on application, the acetonitrile market has been segmented into pharmaceuticals, analytical industry, agrochemical, extraction, and others. In 2018, the pharmaceuticals segment dominated the acetonitrile market in 2018, and it is projected to exhibit the highest CAGR in the market during the forecast period. The growth of the segment is primarily attributed to the growing use of acetonitrile in synthesis of active pharmaceutical ingredients (APIs). It is used as a reagent, solvent or extraction solvent, and starting material for synthesizing vitamin A, vitamin B1, cortisone, carbonate drugs, and several amino acids. About 50% of acetonitrile produced is used in the production of insulin and antibiotics, including third-generation cephalosporins. It is also used in the manufacture of synthetic pharmaceuticals. The increasing demand for nutrition and antibacterial medication leads to the growth in the demand for acetonitrile in pharmaceutical applications.

The global chemical and materials industry is one of the major industries facing serious disruptions such as breaks in supply chains and disruptions in manufacturing due to lockdown and office shutdowns. Thus, the pandemic has seriously hit the global acetonitrile market.

The global acetonitrile market is a concentrated one, with a few very well-established players. Anqore BV, Concord Technology (Tianjin) Co., Ltd., Formosa Plastic Corporation, Honeywell International Inc, Imperial Chemical Corporation, Ineos AG, Mitsubishi Chemical Corporation, Nova Molecular Technologies, Taekwang Industrial Co. Ltd., and Tedia Company are among the major players operating in the global acetonitrile market.

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Acetonitrile Market Breakdown— By Region, 2018

The report segments the global acetonitrile market as follows:

By Type

• Derivative
• Solvent

By Application

• Pharmaceuticals
• Analytical Industry
• Agrochemical
• Extraction
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of South America

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