As per the latest report by IMARC Group titled, “Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global acetonitrile market reached a volume of 142 Kilotons in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.8% during the forecast period (2022-2027).
Acetonitrile is a colorless, toxic, volatile, and flammable chemical compound produced as a byproduct during acrylonitrile manufacturing. It is the simplest organic nitrile that can be mixed with water and most organic solvents. It also exhibits high miscibility with alcohol, acetone and epoxy resin without interference with epoxy polymerization. As a result, it finds extensive applications in pharmaceuticals, casting and molding of plastic materials, perfume production, and extracting fatty acids from animal and vegetable oil.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Acetonitrile Market Trends:
The market is primarily driven by the increasing demand for acrylonitrile butadiene styrene (ABS) plastic worldwide due to the growing infrastructural activities and the rising need for lightweight vehicles. Acetonitrile is widely used in the plastic industry to obtain pure acrylonitrile and ABS plastic, which offers high tensile and impact strength, and optimal resistance against chemicals and various plasticizers. In addition, aqueous acetonitrile is the preferred extraction solvent utilized in the agricultural sector to synthesize pesticide residues from agrarian samples. Besides this, the rising preference for acetonitrile in high-performance liquid chromatography, an analytical chemistry technique for separating, identifying, and quantifying a component in a mixture, is positively influencing the market growth.
Acetonitrile Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
- Asahi Kasei Corporation
- Formosa Plastic Corporation
- Imperial Chemical Corporation
- Nova Molecular Technologies
- Tedia Company
- Avantor Performance Materials
- LLC
- Shanghai Secco Petrochemical Company Limited
- Qingdao Shida Chemical Co.
- Ltd. Nantong Acetic Acid Chemical Co.
- Taekwang Industrial Co
Key Market Segmentation:
The report has segmented the global acetonitrile market on the basis of end-user and region.
Breakup by End-Use:
- Pharmaceuticals
- Analytical Industry
- Agrochemicals
- Extraction Industry
- Others
Breakup by Region:
- Asia-Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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