The Europe acetonitrile market is expected to exhibit XX 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, or methyl cyanide and ethanenitrile, is a combustible and lethal solvent. It is used as a polar aprotic solvent in the natural synthesis and refinement of butadiene. It is commonly available in derivative and solvent variants and is widely used to extract fatty acids from animal and vegetable oils. Acetonitrile is also utilized to manufacture batteries, pesticides, aromas, nail removers and elastic products. It is the simplest form of natural nitrile and can be blended with water and other natural solvents. It has high eluting power and chemical stability and finds extensive application across various industries, such as automotive, agrochemicals, chemical processing and pharmaceuticals.
The Europe acetonitrile market is primarily being driven by the increasing product demand for chemical processing. Acetonitrile is widely used as a solvent in the production plastics and perfumes. Additionally, the widespread product adoption in the manufacturing of agrochemicals is favoring the market growth. It assists in synthesizing artificial pesticides and fertilizers and acts as an inert ingredient in pesticides. In line with this, it is also widely used in the pharmaceutical industry as an extraction solvent and starting material to synthesize cortisone, carbonate drugs, antibiotics and amino acids is also contributing to the market growth. Other factors, including the widespread product adoption in oil and petroleum extraction sectors, along with the increasing use of acetonitrile in laboratories for deoxyribonucleic acid (DNA) synthesis and peptide sequencing, are driving the market growth across the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe acetonitrile market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on end use.
Breakup by End Use:
- Analytical Industry
- Extraction Industry
Breakup by Country:
- United Kingdom
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||End Use, Country
||Germany, France, United Kingdom, Italy, Spain
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Key Questions Answered in This Report:
- How has the Europe acetonitrile market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe acetonitrile market?
- What are the key regional markets?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe acetonitrile market and who are the key players?
- What is the degree of competition in the industry?