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The GCC 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, is a simple organic nitrile with an ether-like odor. It is commonly available in derivative and solvent variants and is used in acrylic nail removers, batteries and perfumes and as a medium-polarity solvent. It is also utilized as an aprotic solvent in the natural synthesis and refinement of butadiene. Acetonitrile is a strong solvent, easily soluble in water and exhibits high chemical stability. In comparison to methanol, it reacts endothermically with water and has a higher elution strength. As a result, it finds extensive applications across various industries, such as pharmaceutical, automotive and agriculture.
The GCC acetonitrile market is primarily being driven by the widespread product adoption in the manufacturing of agrochemicals, such as fertilizers and pesticides. Moreover, the increasing adoption of aqueous acetonitrile as an extraction solvent to synthesize pesticides is providing a thrust to the market growth. Additionally, the widespread product utilization in the pharmaceutical industry is favoring the market growth. Acetonitrile is widely used in the production of antibiotics, insulin and as a reaction solvent. The rising product demand in the automotive industry for producing acrylonitrile butadiene styrene (ABS) plastic with enhanced mechanical strength and chemical resistance is also positively impacting the market growth. Other factors, including significant growth in the chemical processing industry and the increasing utilization of acetonitrile for recrystallization of medical drugs, are anticipated to drive the market toward growth across the region.
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC 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:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||End Use, Country|
|Countries Covered||Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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