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Acetonitrile Market Key Findings, Regional Analysis, Top Key Players of forecast 2027

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Acetonitrile Market Key Findings, Regional Analysis, Top Key Players of forecast 2027

Market Overview:

“Global Acetonitrile Market to 2027 – Covid-19 Impact, Analysis and Forecast by Segments and Geography”

The scope of study involves understanding the factors responsible for the growth of the acetonitrile market, along with estimates and forecast of its revenue and market share analysis. Moreover, the study also spots significant acetonitrile market players and their key developments in recent times.

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The global acetonitrile market accounted for US$ 236.18 Million in 2018 and is expected to grow at a CAGR of 5.1% during 2019–2027 to reach US$ 368.60 Million by 2027. Acetonitrile is the synthetic compound with the equation CH 3 CN. This dreary fluid is the least complex natural nitrile to synthesize. It is produced as a result of acrylonitrile fabricate. It is utilized as a polar aprotic dissolvable substance in natural union and in the cleansing of butadiene. It is utilized to make pharmaceuticals, scents, elastic items, pesticides, acrylic nail removers, and batteries. It is additionally used to remove unsaturated fats from creature and vegetable oils. On the basis of type, the acetonitrile market is categorized into derivative and solvent. In 2018, the solvent segment dominated the market by accounting for a larger share of the total market. Acetonitrile is used as a solvent in various applications such as pharmaceutical manufacturing, biotechnological applications, specialty chemicals, electronics, and HPLC applications. However, the derivative segment is expected to grow at a higher CAGR during the forecast period.

Based on application, the acetonitrile market is segmented into pharmaceuticals, analytical industry, agrochemical, extraction, and others. The pharmaceutical segment held the major market share in 2019 in the global acetonitrile market. Acetonitrile act as a key solvent in the pharmaceutical industry. It is used as a reagent, solvent or extraction solvent, and a starting material for synthesizing vitamin A, vitamin B1, sulfa pyrimidine, cortisone, carbonate drugs, and several amino acids. ~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. Azeotropic distillation is found to be the most likely approach to recover acetonitrile from aqueous waste streams. The manufacturers focus on modifying their infrastructure to compete in the international market due to the high profit margins involved. However, the volatility issues during in the supply of acetonitrile, together with the poor environment profile, has pose serious challenges to the application of acetonitrile in the manufacturing processes and laboratories.

The global acetonitrile market, by geography, is broadly segmented into five regions—North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. Asia Pacific accounted for the largest share of the global acetonitrile market in 2019, followed by North America and Europe. Acetonitrile is widely used in the pharmaceuticals industry in these regions as major solvent in production of the antibiotics. Therefore, the growth of pharmaceutical industry in this region is expected to drive the growth of the market. India, Japan, and China are among the major markets for acetonitrile in Asia Pacific.

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Acetonitrile Market Breakdown — by Region, 2018

  • By Type
  • Derivative
  • Solvent
  • By Application
  • Pharmaceuticals
  • Analytical Industry
  • Agrochemical
  • Extraction
  • Others

By Geography

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

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: [email protected]

Phone: +1-646-491-9876

 

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