IMARC Group’s latest report, titled “India Acetonitrile Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the India acetonitrile market size reached 16,626 Tons in 2021. 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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 value to reach 24,458.23 Tons by 2027, growing at a CAGR of 6.7% during the forecast period (2022-2027).
- 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.
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