The global demand for Acetonitrile Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2020- 2026.
Acetonitrile, also known as methyl cyanide or cyanomethane is a colourless, volatile, flammable chemical compound in liquid form having chemical formula CH3CN. It is the most basic and simplest organic nitrile and can be mixed with water along with most organic solvents. It also exhibits high miscibility with alcohol, epoxy resin, and acetone without epoxy polymerisation interference. It is utilized as a polar aprotic solvent in organic synthesis as well as purification of butadiene. It finds major application in the pharmaceutical industry as reagent, reaction and extraction solvent for synthesizing new medicaments, pesticides, vitamin B1, and many more other products. Manufacturers in the plastic industry use it to obtain pure acrylonitrile and Acrylonitrile Butadiene Styrene (ABS) plastic through polymerisation which offers high tensile and impact strength, and chemical resistance. There has been an increase in the demand for ABS worldwide on account of growing infrastructural activities and rising need for lightweight vehicles.
Growing demand for the usage of acetonitrile in pharmaceutical, analytical, biotechnological, specialty chemicals, and electronics applications is one of the major drivers for the growth of the global acetonitrile market. Moreover, increased consumption of it in the production of epoxy hardeners and agrochemicals such as agriculture pesticides and aromatizes are some of the supporting factors which will drive the market. The increasing adoption of green spaces and roofs that have several health and environmental benefits and offer access to greenery will also propel the demand in the market. However, excessive human exposure to it may cause to respiratory; damage due to cyanide formation in the body which is responsible to restrain the market growth. Moreover, growing demand for animal fodders along with crop fibre in textile manufacturing are creates immense opportunities for the market growth. Further, increasing demand for substitute product ‘Prionil’ are considered to be the challenge for market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of acetonitrile.
The entire acetonitrile market has been sub-categorized into type, end-user, and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Analytical Industry
- Organic Synthesis
- Specialty Chemicals
- High-Performance Liquid Chromatography Solvents
- Deoxyribonucleic Acid & Ribonucleic Acid Synthesis
This section covers regional segmentation which accentuates on current and future demand for acetonitrile market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Acetonitrile Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the acetonitrile market include INEOS AG, Formosa Plastic Corporation, Asahi Kasei Corporation, Imperial Chemical Corporation, Avantor Performance Materials, LLC, Nova Molecular Technologies, Inc., Tedia Company, Inc., Shanghai Secco Petrochemical Company Limited, Qingdao Shida Chemical Co., Ltd., Nantong Acetic Acid Chemical Co., Ltd., and Taekwang Industrial Co., Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.