The global acetonitrile market size was estimated to be US$ 230 million in 2020 and is expected to reach US$ 360 million by 2031 at a CAGR of 4.1%. Acetonitrile likewise called methyl cyanide or cyanomethane alludes to a colorless synthetic compound in fluid structure addressing substance equation CH3CN.
The synthetic is known to be the most fundamental and basic natural nitrile which is by and large created as an acrylonitrile by product.
Acetonitrile is an unstable, clear, and colorless fluid with the empirical equation C2H3N. Acetonitrile has a wide scope of uses. It is utilized to extricate fatty acids and animal fats along with vegetable oils. It is additionally utilized in petrochemical enterprises for extractive distillment and as a component for spinning synthetic fiber and in casting and molding of plastics. In the research center, it is utilized in elite fluid chromatographic HPLC examination and as a dissolving agent for synthesis of DNA and sequencing process of peptide.
Acetonitrile is delivered basically as an acrylonitrile by product. It is used as a polar aprotic dissolvable in natural blend and with the end goal of butadiene purifying. Acetonitrile is broadly utilized in the production of anti-microbial, insulin and as a response dissolvable. The acclivitous product demand in the car business for developing acrylonitrile butadiene styrene (ABS) plastic with improved practical strength and chemical resistivity is likewise emphatically affecting the market development.
The purchaser inclination towards aqueous acetonitrile as extraction dissolving solution in the agricultural area to combine pesticide deposits from agrarian examples and high use of the substance for elite fluid chromatography performed to isolate, identify and evaluate a part in a blend further impact the acetonitrile market. Also, appeal for ABS around the world, developing infrastructural projects, demand for acetonitrile for drug recrystallization, rising requirement for lightweight vehicles and expanding use in HPLC applications as natural dissolvable decidedly influence the acetonitrile market during coming years.
Moreover, expanding utilization of acetonitrile in various applications stretches out beneficial possibilities to the acetonitrile market players during the forecast time of 2023-2032.
The acclivity in the demand for acrylonitrile items like acrylic strands, polyacrylamide and acrylic plastics and the expansion in prominence of the chemical substance in plastic industry as they are utilized to acquire pure acrylonitrile and acrylonitrile butadiene styrene that is ABS plastic rendering strength associated to impact, high ductile and ideal resistivity against synthetic chemical erosive substances and different plasticizer speed up the acetonitrile market improvement during 2023-2032.
The local development of the market is licensed to the synthetic business in the area, particularly in the economies like China and India. Expanding pay levels, expansion in industrialization and large scale population migration from provincial to metropolitan regions are a portion of the cardinal aspects that are probably going to speed up the demand for the drugs business in the country. Subsequently, this, thus, is projected to drive the development of the worldwide acetonitrile market during 2023-2032.
Further, the European province is likewise prone to notice considerable development in no time, attributable to the presence of the influencing players in the area and an anchored chemical production industry in the province.
Global Acetonitrile Market Value Share Analysis, by Geography (2022)
The report titled “Global Acetonitrile Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Acetonitrile Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Acetonitrile market is segmented as type, application, end-user, and region. Based on Type, the Acetonitrile market is segmented into derivative, solvent other. Based on Application, the Acetonitrile market is segmented into organic synthesis, specialty chemicals, HPLC solvents, pharmaceutical, extraction, DNA and RNA synthesis and others. Based on End user, the Acetonitrile market is segmented into pharmaceutical industry, analytical industry, agricultural industry and others.
Based on geography, the Global Acetonitrile Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Acetonitrile Market. Further, market share of prominent companies in the Global Acetonitrile Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Acetonitrile companies. The Global Acetonitrile Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Acetonitrile business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Acetonitrile Market.
The key players of the Global Acetonitrile Market are INEOS, Connect Chemicals, secco.com.cn, GREENFIELD GLOBAL INC., Honeywell International Inc., Robinson Brothers, Mitsubishi Chemical Corporation, Zibo Luzhong Chemical Light Industry Co., Ltd., Hunan Chem. Europe B.V., Nova Molecular Technologies, Formosa Plastics Corp, Nova Molecular Technologies, Biosolve Chimie, Avantor, Inc., Asahi Kasei Corporation, Imperial Chemical Corporation, Alfa Aesar, Thermo Fisher Scientific Inc., Jilin Provincial Chemicals Import & Export Co.,Ltd., GFS Chemicals, Inc., Standard Reagents Pvt.Ltd, Tedia Company, TAEKWANG INDUSTRIAL CO.,LTD., Nantong Acetic Acid Chemical Co., Ltd., PetroChina Company Limited, and Others.
Global Acetonitrile Market Key Segments:
Based on Type
Based on Application
Based on End user
The global Global Acetonitrile market was worth US$ 230 million in 2020.
The global Global Acetonitrile market is expected to register a CAGR of 4.1% through 2031.
INEOS, Connect Chemicals, secco.com.cn, GREENFIELD GLOBAL INC., Honeywell International Inc., Robinson Brothers, Mitsubishi Chemical Corporation are few prominent players active in the market.
The major applications of Global Acetonitrile include Organic synthesis, Specialty chemicals, HPLC solvents, Pharmaceutical, Extraction, DNA and RNA synthesis.
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