Acetonitrile Pricing Report

Acetonitrile Prices December 2023

The price of acetonitrile (pharma grade) in the United States for Q4 reached 2290 USD/MT in December. The market in the United States witnessed a slight decline in October, influenced by a notable decrease in downstream inquiries from industries such as pharmaceuticals and chemicals, reflecting lower purchasing activity for acetonitrile.

The price of acetonitrile in Japan reached 1410 USD/MT in December 2023. The market maintained a continuous bearish nature, which was counterbalanced by a positive supply outlook.

In South Korea, acetonitrile prices are recorded at 1435 USD/MT, witnessing an increase in December. Additionally, the market experienced a continuous decline in buying activities and sluggish shipments throughout the region.

Furthermore, Belgium’s acetonitrile prices experienced a gradual increase, followed by a drop in November 2023. The Q4 2023 acetonitrile (pharma grade) price was 1645 USD/MT, supported by monthly consumer prices, which slightly edged up in December.

Acetonitrile Price Trend, Market Analysis, and News

IMARC’s newly published report, titled Acetonitrile Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of acetonitrile pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acetonitrile price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Acetonitrile Market Analysis

The global acetonitrile market size reached 155.8 Kilo Tons in 2023. By 2032, IMARC Group expects the market to reach 226.3 Kilo Tons, at a projected CAGR of 4.10% during 2023-2032.

• Acetonitrile serves as a necessary catalyst in numerous chemical synthesis reactions, reducing reaction times and enhancing overall productivity. It is employed in the formulation of various organic compounds, such as pharmaceutical intermediates and specialty chemicals, which is primarily driving the market growth.
• The widespread product utilization in various battery systems, including lithium-ion batteries, advancing storage technologies is bolstering the market growth. Acetonitrile’s ability to solvate ions effectively enhances battery performance by facelifting ion transport within the electrolyte. This results in improved energy density, cycle life and overall battery efficiency.
• Acetonitrile makes an ideal mobile phase solvent in chromatographic separations due to its low viscosity and superior solvating capabilities. Its compatibility with different detection techniques such as ultraviolet (UV)-visible and mass spectrometry ensures reliable and accurate results in analytical chemical applications. Acetonitrile acts as a driving force in chromatography, enabling precise separation and analysis of complex mixtures, thus creating a positive outlook for market expansion.
• The emerging trends towards sustainability spurring the use of biodegradable solvent systems as well as recycling and use of renewable feedstocks to lower the environmental impact of acetonitrile is strengthening the market growth.
• Acetonitrile serves as a versatile precursor for the synthesis of many different organic compounds. It reacts with different functional groups to create agrochemicals, pharmaceuticals, and specialty chemicals. Moreover, acetonitrile is paramount in driving innovation and progress across the chemical industry, which is further contributing to the market expansion.
• Acetonitrile’s rising utilization in industries such as pharmaceuticals, where it serves as a reactive solvent and intermediate in the synthesis of various pharmaceutical compounds is acting as another significant growth-inducing factor.
• Stricter regulations regarding solvent emissions, workplace safety, and waste disposal necessitate compliance measures and the adoption of cleaner production technologies. As a result, companies across the acetonitrile industry are investing in research and development (R&D) to develop low-emission processes, adopt safer handling practices, and explore alternatives to address regulatory requirements, propelling the market forward.

Acetonitrile News

The report covers the latest developments, updates, and trends impacting the global acetonitrile market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acetonitrile production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the acetonitrile industry:

• In July 2022, PetroChina announced a US$ 4.52 billion expansion program to convert an existing refinery in China into an integral petrochemical complex. The expansion involves adding 14 petrochemical units to the Guangxi facilities while maintaining crude oil refinery capacity.
• In April 2022, INOES AG revealed its plans to invest in a world-scale acetonitrile manufacturing facility in Germany. This facility aims to enhance the company's supply position in the European region, along with catering to the region's healthcare industry.
• In March 2022, Tedia Company, Inc, entered into a partnership agreement with New York-based Newbold Enterprises Fairfield. The partnership is aiming towards the strategic expansion of Tedia’s capacity and capabilities.

Product Description

Acetonitrile is a colorless liquid with an odor, miscible with water and most organic solvents. It has a boiling point of 81.6°C and a melting point of -45.7°C making it useful across a wide temperature range.

Acetonitrile is a highly polar aprotic solvent widely used in chromatography, mass spectrometry (LC-MS) and other analytical methods. Its compatibility with a wide range of compounds makes it a cornerstone in laboratory settings.

Because of its exceptional purity, acetonitrile is extensively utilized in synthesis and analytical procedures. Additionally, its minimal impurities ensure its reliability in research and industrial applications.

Acetonitrile shows exceptional stability in a wide range of temperature and pressure conditions. This guarantees consistent performance, making it a dependable choice for critical processes.

Regional Coverage

The report provides a detailed analysis of the acetonitrile market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global Acetonitrile Price

The report offers a holistic view of the global acetonitrile pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Acetonitrile Price

The European region experienced a gradual increase, followed by a depreciation as November 2023 commenced. In October, the market maintained stability with an increase in downstream purchasing activity. The total number of inventories available counterbalanced this, guaranteeing equilibrium in response to incoming inquiries. However, by November 2023, the absence of shifts in regional demand became apparent, influenced by an economic slowdown that resulted in reduced consumption across industries such as cosmetics, pharmaceuticals, chemicals, and reagents.

This analysis can be extended to include detailed acetonitrile price information for a comprehensive list of countries.

North America Acetonitrile Price

In North America, the acetonitrile market has witnessed a decline due to reductions in downstream inquiries from industries such as pharmaceuticals and chemicals, reflecting weakened purchasing activity for acetonitrile. Moreover, the drop in acetonitrile prices in October was further attributed to a significant drop in the cost of raw materials. However, as mid-Q4 approached in November, acetonitrile prices began a moderate rebound compared to the previous month's trend.

Specific data on acetonitrile prices within the United States and Canada can also be provided.

Middle East and Africa Acetonitrile Price

The report explores the acetonitrile pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on acetonitrile prices for countries can also be provided.

Asia Pacific Acetonitrile Price

The acetonitrile pricing in the Asia Pacific region witnessed a bearish sentiment across exporting nations, including Japan and South Korea, experiencing an increase in December. The market was driven by a consistent decline in downstream buying activities and slow-moving shipments throughout the region. Additionally, high inventory levels among market participants ensured an ample supply to meet the limited uptick in demand.

This analysis can be further extended to include detailed acetonitrile prices for a comprehensive list of countries within the region.

Latin America Acetonitrile Price

The analysis of acetonitrile prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acetonitrile pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting acetonitrile price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the acetonitrile industry.