North America Acetonitrile Market to Reach 40,664.0 Tons by 2032, Spurred by Rapid Growth in the Automotive Industry

February 06, 2023 | Chemical & Materials

IMARC Group’s latest report, titled “North America Acetonitrile Market Report by End-Use (Pharmaceuticals, Analytical Industry, Agrochemicals, Extraction Industry, and Others), and Country 2024-2032,” finds that the North America acetonitrile market size reached 28,360.7 Tons in 2023. Acetonitrile, also known as methyl cyanide and ethanenitrile, refers to a highly volatile, flammable, and toxic solvent with the chemical formula CH₃CN. It appears as a clear, colorless liquid with a sweet, ether-like odor and is miscible with water and most organic solvents. It is manufactured in the form of acrylonitrile and is widely used as an aprotic solvent in natural synthesis and butadiene refinement. It possesses high chemical stability and eluting power and is compatible with liquid chromatography-mass spectrometry (LC/MS) solutions. Compared to methanol, acetonitrile reacts endothermically with water and exhibits a higher elution strength. It is utilized as an alternative to propylene oxide and ethanol in tissue processing for transmission electron microscopy (TEM). Currently, acetonitrile finds extensive applications across various industries, including automotive, pharmaceutical, plastic, and agriculture.

North America Acetonitrile Market Trends:

In North America, rapid growth in the automotive industry coupled with the escalating demand for lightweight vehicles represents the primary factor driving the market growth. This can be attributed to the surging adoption of acetonitrile in producing acrylonitrile butadiene styrene (ABS) plastic that offers high tensile and impact strength and optimal chemical resistance. Moreover, there has been a rise in product usage in the pharmaceutical sector to formulate carbonate drugs and as a solvent in manufacturing antibiotics, tertiary-generation cephalosporins, and insulin. Along with this, the increasing product adoption in deoxyribonucleic acid (DNA) synthesis and the surging demand for patent medicines have catalyzed market growth. Besides this, the growing utilization of acetonitrile to extract oleochemicals, such as fatty acids from animal and vegetable oils in laboratories, has augmented the product demand. In addition, the rising applications of aqueous acetonitrile as an extraction solvent in the agriculture industry have accelerated product adoption rates. Furthermore, there has been a surge in product use in manufacturing acrylic nail removers, batteries, and perfumes and as a medium-polarity solvent. In line with this, the increasing adoption of acetonitrile in producing acrylic fibers and plastics and casting and molding plastic materials has propelled the market growth. Other factors, including the rising usage in personal care and cosmetic products, emerging high-performance liquid chromatography (HPLC) applications, and escalating demand as a semiconductor cleaning agent, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market volume to reach 40,664.0 Tons by 2032, growing at a CAGR of 4% during 2024-2032.

Market Summary:

Based on the end use, the market has been classified into pharmaceuticals, analytical industry, agrochemicals, extraction industry, and others.
Country-wise, the market has been divided into the United States, Canada, and Mexico.
The competitive landscape of the market has also been examined, along with detailed profiles of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Tons
Segment Coverage	End-Use, Country
Countries Covered	United States, Canada, Mexico
Customization Scope	10% Free Customization
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North America Acetonitrile Market to Reach 40,664.0 Tons by 2032, Spurred by Rapid Growth in the Automotive Industry

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