Market Overview:

The India acetonitrile market is expected to exhibit a CAGR of 6.7% during 2022-2027. 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 a lethal and colorless solvent, which is also known as methyl cyanide and ethanenitrile. It is a small and simple organic nitrile produced in the form of acrylonitrile and has an ether-like odor. It is commonly available in derivative and solvent variants and is used as an aprotic solvent in the natural synthesis and refinement of butadiene. Acetonitrile is also used in perfumes, acrylic nail removers, batteries and to extract fatty acids from animal and vegetable oils. It is a strong solvent, easily soluble in water and has high chemical stability. In comparison to the traditionally used methanol, acetonitrile reacts endothermically with water and has higher elution strength. As a result, it finds extensive applications across various industries, such as pharmaceutical, automotive and agriculture.

The India acetonitrile market is primarily being driven by its widespread adoption as a solvent in the pharmaceutical industry to produce antibiotics and insulin. Moreover, the implementation of various government initiatives, such as National Food Security Mission (NFSM), is leading to the increasing demand for acetonitrile-based agrochemicals, which, in turn, is favoring the market growth. Acetonitrile is also used for synthesizing artificial pesticides and fertilizers and acts as an inert ingredient in pesticides. Additionally, the increasing product utilization as a solvent in liquid chromatography to influence the interaction between sample components and adsorbents in chiral systems is positively impacting the market growth. Other factors, including rising product demand in the chemical processing industry, along with the increasing utilization of acetonitrile for recrystallization of medical drugs, are anticipated to drive the market growth across the country. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India acetonitrile market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on end use.

Breakup by End Use:

• Pharmaceuticals
• Analytical Industry
• Agrochemicals
• Extraction Industry
• Others
   

Breakup by Region:

• North India
• West and Central India
• South India
• East India
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the India acetonitrile market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the India 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 India acetonitrile market and who are the key players?
• What is the degree of competition in the industry?