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The global acetonitrile market reached a volume of 142 Kilotons in 2021.
We expect the global acetonitrile market to exhibit a CAGR of 4.8% during 2022-2027.
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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