The North America acetonitrile market reached a volume of 24,142 Tons in 2018. Acetonitrile, which is also known as methyl cyanide and ethanenitrile, is a colourless, volatile and toxic solvent. It is a highly flammable chemical and being the simplest organic nitrile, is miscible with water and most of the organic solvents. Acetonitrile is utilized in the plastic industry to produce pure acrylonitrile and acrylonitrile butadiene styrene (ABS) plastic. In addition to this, it is used as a propylene oxide and ethanol replacement in tissue processing for transmission electron microscopy (TEM). Also, the aqueous form of acetonitrile is used in the agriculture industry as an extraction solvent.
In North America, the rapid urbanization and rising demand for lightweight vehicles have increased the production of ABS plastic as it provides high tensile and impact strength along with optimal resistance against various chemicals. Moreover, increasing demand for patent medicines and high-complex diseases have led to the rising demand of acetonitrile in the pharmaceutical industry in the region. Regulated concerns in the healthcare sector is expected to increase the demand of acetonitrile in the forthcoming years. Looking forward, IMARC Group expects the market to reach a volume of 31,642 Tons by 2024, registering a CAGR of 4.57% during 2019-2024.
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