India Acetonitrile Market to Reach 31,362.4 Tons by 2032, Impelled by Increasing Applications in the Pharmaceutical Industry

May 20, 2022 | Chemical & Materials

IMARC Group’s latest report, titled “India Acetonitrile Market Report by End Use (Pharmaceuticals, Analytical Industry, Agrochemicals, Extraction Industry, and Others), and Region 2024-2032,” finds that the India acetonitrile market size reached 18,945.9 Tons in 2023. Acetonitrile, also known as methyl cyanide and ethanenitrile, refers to a volatile, flammable and toxic chemical compound obtained as a byproduct during acrylonitrile manufacturing. It appears as a clear, colorless liquid with a sweet ether-like odor and is widely used as an aprotic solvent in the natural synthesis and refinement of butadiene. It is also utilized in perfumes, acrylic nail removers, batteries, and the extraction of fatty acids from animal and vegetable oils. It has excellent chemical stability, water solubility, and miscibility with alcohol, acetone, and epoxy resin without interference with epoxy polymerization. As a result, acetonitrile finds extensive applications across various industries, including pharmaceuticals, agrochemicals, and automotive.

India Acetonitrile Market Trends:

In India, the increasing product applications as a solvent in the pharmaceutical industry to manufacture antibiotics, insulin, cortisone, carbonate drugs, and amino acids represent the primary factor driving the market. Besides this, the rising need for recrystallization of pharmaceutical drugs is another major growth-inducing factor. Additionally, there has been widespread adoption of acetonitrile in producing artificial pesticides and fertilizers and as an inert ingredient in pesticides. In line with this, several favorable initiatives undertaken by the Government of India, such as the National Food Security Mission (NFSM), have augmented the demand for acetonitrile-based agrochemicals. Furthermore, acetonitrile is widely used in the plastic industry to obtain pure acrylonitrile and acrylonitrile butadiene styrene (ABS) plastic that provides high tensile and impact strength and optimal resistance against chemicals and various plasticizers. Apart from this, the escalating demand for ABS plastic due to the shifting preferences toward lightweight vehicles and the surging infrastructural activities has propelled the market growth. Other factors, including the rising consumption of agrochemicals, increasing product usage in high-performance liquid chromatography (HPLC), emerging applications in deoxyribonucleic acid (DNA) synthesis, and technological advancements, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market volume to reach 31,362.4 Tons by 2032, growing at a CAGR of 5.6% during the forecast period (2024-2032).

Market Summary:

  • Based on the end use, the market has been divided into pharmaceuticals, analytical industry, agrochemicals, extraction industry, and others.
  • Region-wise, the market has been segmented into North India, West and Central India, South India, and East India.
  • The competitive landscape of the market has also been analyzed, along with the detailed profiles of the key players operating in the industry.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units ‘000 Tons
Segment Coverage End Use, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
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India Acetonitrile Market to Reach 31,362.4 Tons by 2032, Impelled by Increasing Applications in the Pharmaceutical Industry
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