Growth of Acetonitrile Market Boosted by Demand in Pharmaceutical Industry

The global acetonitrile industry has seen a positive growth over the past several years owing to its extensive applications in the pharmaceuticals industry. As a result, the industry is further expected to grow at a CAGR of 4% during 2017-2022.



IMARC Group’s new report, titled “Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global acetonitrile market reached a volume of nearly 103 Thousand Tonnes in 2016, growing at a CAGR of around 5% during 2009-2016. Acetonitrile, also known as Methyl Cyanide, Cyanomethane and Ethanenitrile, is a clear, colourless liquid with a sweet odour. It represents an important solvent for the pharmaceutical and biopharmaceutical sector, where it plays a significant role in recrystallization and quality control. According to the report, the acetonitrile market is expected to reach a volume of more than 130 Thousand Tonnes by 2022, exhibiting a CAGR of 4% during 2017-2022.

global acetonitrile market

Highlights of the global acetonitrile market:

  • The demand for acetonitrile is directly related to the demand for ABS resins.
  • Pharmaceutical industry represents the largest end-use segment of acetonitrile.
  • Asia represents the largest producer of acetonitrile globally.

 

Acetonitrile is used in batteries, owing to its high dielectric constant. It is also used as a solvent in purification of butadiene in refineries and the manufacture of DNA oligonucleotides from its monomers. Moreover, it is a popular solvent for high performance liquid chromatography(HPLC) due to its ultraviolet transparency, low viscosity and low chemical reactivity. It is also used as a building block during the organic synthesis of a number of chemical compounds, including acetamidine hydrochloride, α-naphthaleneacetic acid and thiamine. Despite its extensive applications, the demand for acetonitrile is primarily driven by the demand for acrylonitrile. Since, the largest segment employing acrylonitrile is ABS resins, the demand for ABS (Acrylonitrile butadiene styrene) resins effects the demand for acetonitrile.

On the basis of end-use, the pharmaceutical industry is the largest segment employing acetonitrile, accounting for the majority of the total global share. On the basis of region, Asia represents the largest producer and accounts for about half of the global production. Other major regions include North America and Europe. Key players operating in this industry include Asahi Kesai, PetroChina, Formosa, Secco and Sinopec.

 

The report by IMARC Group has examined the global acetonitrile market on the basis of:

 

End-Use:

  • Pharmaceuticals
  • Others

 

Regions:

  • Asia
  • North America
  • Europe

 

Key players:

  • Asahi Kesai
  • PetroChina
  • Formosa
  • Secco
  • Sinopec

 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

 

Contact Us

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: http://www.imarcgroup.com
Follow us on twitter: @imarcglobal


Related Report

Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

According to IMARC Group’s latest report “Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global acetonitrile market has grown at a CAGR of around 5% during 2009-2016.


Indian Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Plywood is manufactured by assembling thin layers of wood veneers bonded together using powerful adhesives. Softwoods, hardwoods, or a combination of the two is used, such as several varieties of maple, mahogany, oak, pine, cedar, spruce, etc., in the production of plywood for various applications.


Plywood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Plywood is a factory-produced sheet of wood, manufactured from thin layers of wood veneer of softwood, or hardwood, which are glued together in adjacent layers to form a thicker and flat sheet. Apart from this, a thin outer layer of additional materials such as plastic, resin-impregnated paper, fabr...


Laminated Veneer Lumber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Laminated Veneer Lumber (LVL) is made from veneers bonded together under heat and pressure, using a fully weatherproof glue. It is a light weight, high in strength, durable product with dimensional precision, uniformity, and ability to span long distances. It is available in the market in two sub-ty...


Particle Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Particle board, or chipboard, is made from wood chips, sawmill shavings, sawdust, and synthetic resin or other suitable binder, which is pressed and extruded. The factors which have contributed in influencing the market demand are its affordability, ease in installation, and high density and uniform...