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According to IMARC Group’s latest report “Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global acetonitrile market reached a volume of 134 Kilotons in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Acetonitrile is the simplest of organic nitriles with the chemical formula CH3CN. It is also known as cyanomethane, methyl cyanide, ethyl nitrile, methanecarbonitrile, etc. It is a clear, colourless liquid with a sweet, ethereal odour and is an important intermediate for pharmaceutical and functional material chemicals. The report finds that the market is currently being driven by a heavy demand of acetonitrile in its end-use industries such as pharmaceuticals and HPLC applications. The report provides a comprehensive insight into the industry including its market breakup by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of acetonitrile, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.
IMARC Group provides an analysis of the key trends in each sub-segment of the global acetonitrile market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and end-use.
Breakup by End-Use:
The report has analysed and segmented the global acetonitrile market on the basis of end-uses. Its biggest end-user is the pharmaceuticals industry accounting for the majority of the total global consumption. Acetonitrile is used to synthesise certain vitamins, amino acids, cortisone, etc. It is also used as a solvent in the production of insulin and antibiotics, tertiary-generation cephalosporins and for DNA synthesis. The second largest consumer of acetonitrile is in the HPCL applications (high-performance liquid chromatography). Acetonitrile is also used as a solvent in UV spectroscopy and polarography, in lithium batteries, for casting and moulding of plastic materials, for the extraction of fatty acids from animal and vegetable oils, in chemical laboratories for the detection of chemical residues and for spinning fibres.
Breakup by Region:
The report has analysed the global key regions of the acetonitrile market and finds Asia-Pacific as the its biggest producer, accounting for more than half of the total global production. Asia-Pacific is followed by North America and Europe. In terms of consumption, China represents the biggest consumer of acetonitrile followed by North and South America, Europe and Japan. On the basis of import and export trends, the China represents the largest global importer of acetonitrile accounting for the majority of the total global imports. The China is followed by United States, Brazil, India, United Kingdom and France.
Analysing the competitive landscape of the global acetonitrile market the report has found that INEOS represents the world’s biggest producer of acetonitrile accounting for around a third of the total global production. INEOS is followed by Asahi Kasei Corporation, Formosa Plastic Corporation, Imperial Chemical Corporation, Nova Molecular Technologies, Inc, Tedia Company, Inc, Avantor Performance Materials, LLC, Shanghai Secco Petrochemical Company Limited, Qingdao Shida Chemical Co., Ltd. Nantong Acetic Acid Chemical Co., Ltd. and Taekwang Industrial Co., Ltd.
The essential aspects of the global acetonitrile market evaluated in the report include:
The global acetonitrile market reached a volume of 134 Kilo Tons in 2020.
The expanding utilization of acetonitrile across the pharmaceutical and HPLC sectors is currently driving the global acetonitrile market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for acetonitrile.
Based on the end use, the global acetonitrile market can be segmented into pharmaceutical, analytical, agrochemical, and extraction. Currently, the pharmaceutical industry represents the largest segment.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global acetonitrile market include INEOS, Asahi Kasei Corporation, Formosa Plastic Corporation, Imperial Chemical Corporation, Nova Molecular Technologies, Inc, Tedia Company, Inc, Avantor Performance Materials, LLC, Shanghai Secco Petrochemical Company Limited, Qingdao Shida Chemical Co., Ltd. Nantong Acetic Acid Chemical Co., Ltd., and Taekwang Industrial Co., Ltd.
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