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The global acetonitrile market is expected to develop from its 2023 valuation of $439 million to its 2030 valuation of $595 million, a compound annual growth rate (cagr) of 7.2%.
Acetonitrile is a white liquid that shares its name with cyanomethane and methyl cyanide. Organic nitrile acetonitrile is typically a byproduct of acrylonitrile production. As a solvent, reagent, and extraction solvent, it finds extensive usage in the pharmaceutical business. Due to the rising manufacturing of designer medications, generic pharmaceuticals, and insecticides around the world, the acetonitrile market is predicted to expand significantly over the forecast period.
Acetonitrile, also known as methyl cyanide or ethanenitrile, is a nondescript, volatile, flammable, and potentially fatal solvent. It's the simplest all-natural nitrile to work with, and it mixes well with water and other organic solvents. It additionally demonstrates great miscibility with liquor, CH3)2CO, and epoxy gum with no obstruction with epoxy polymerization. This solid liquid is the simplest natural nitrile to produce. Most of it is shipped out as a result of acrylonitrile manufacturing. It's a polar aprotic dissolvable that's put to use in processes like natural amalgamation and butadiene refining. Pharmaceuticals, fragrances, elastic goods, insecticides, acrylic nail removers, and batteries are just some of the products that benefit from its use. It can also be used to purify oils by eliminating unsaturated fats.
Acetonitrile's low freezing point, low boiling point, and low viscosity make it an ideal solvent in the production of antibiotics, where it is used extensively in the pharmaceutical business. Due to its low toxicity, it is also preferred over other main solvents like dichloromethane. The worldwide acetonitrile market is anticipated to receive significant growth momentum during the projected period from the expanding pharmaceutical industry. In 2015, the global pharmaceutical market was valued at $1 trillion, and the International Trade Association predicts that by 2020, it will have grown to $1.3 trillion.
Acetonitrile's diverse characteristics and role as a chemical building block make it a highly sought-after substance in the pharmaceutical business. In the production of pharmaceutical intermediates, acetonitrile serves as a versatile chemical building block. Its structure makes it amenable to a wide range of chemical processes, including addition and substitution involving nucleophiles. These processes are necessary for the synthesis of medicinal molecules with intricate molecular structures. Key components of pharmacological formulations, active pharmaceutical ingredients (APIs), can be synthesized from acetonitrile-derived intermediates.
Prionil, an acetonitrile replacement, was developed in response to the 2008 acetonitrile crisis and the unbalanced relationship between acrylonitrile and acetonitrile. To produce amides, amines, ketones, and acids, Ascend Performance Materials (US) produces a colorless liquid known as Prionil. It is also known as ethyl cyanide, propionitrile, or propanenitrile. Prionil is an inexpensive solvent that is functionally equivalent to acetonitrile. The pharmaceutical and agrochemical industries, among others, rely on it as a solvent. Prionil's rising popularity is hampering the acetonitrile industry.
An important market driver is the pharmaceutical industry's widespread use of acetonitrile as a solvent in the production of antibiotics. Because of its low freezing/boiling point and low viscosity, it is a desirable physical and chemical property. Its safety profile is enhanced by its low toxicity in comparison to other important solvents such as hydrogen cyanide and dichloromethane, which increases its demand in the pharmaceutical industry.
Acetonitrile is used to extract fatty acids from foods and vegetable oils, hence it is projected that demand from the pharmaceutical and agrochemical industries will propel the market. Investors have responded to the increase in demand by setting up shop in the region to take advantage of reduced manufacturing costs and fewer imports. Demand for acetonitrile is anticipated to be influenced in the coming years by the developing manufacturing sector for specialty solvents. The demand for acetonitrile around the globe is predicted to expand at a CAGR of 5.5% during the forecast period.
Report Coverage
Global Acetonitrile research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Acetonitrile report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Acetonitrile competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Acetonitrile market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Acetonitrile market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Acetonitrile market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
INEOS AG (Switzerland.), Asahi Kasei Corporation (Japan), Nova Molecular Technologies (US), PetroChina Co. Ltd. (China), ShengHong Petrochemical Group Co., Ltd. (China), Formosa Plastic Corporation (Taiwan), Avantor Performance Materials LLC (US), Imperial Chemical Corporation (Taiwan), Tedia Company Inc. (US), Avantor Performance Materials, LLC (US), Shanghai Secco Petrochemical Company Limited (China), Qingdao Shida Chemical Co., Ltd. (China), and Nantong Acetic Acid Chemical Co., Ltd. (China).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Acetonitrile market based on the below-mentioned segments:
Global Acetonitrile Market, By Type
Derivative
Solvent
Global Acetonitrile market, By Application
Organic Synthesis
Analytical Applications
Extraction
Others
Global Acetonitrile Market, By End User
Pharmaceutical
Analytical Industry
Agrochemical
Other
Global Acetonitrile market, Regional Analysis
Acetonitrile is a white liquid that shares its name with cyanomethane and methyl cyanide. Organic nitrile acetonitrile is typically a byproduct of acrylonitrile production. As a solvent, reagent, and extraction solvent, it finds extensive usage in the pharmaceutical business. Due to the rising manufacturing of designer medications, generic pharmaceuticals, and insecticides around the world, the acetonitrile market is predicted to expand significantly over the forecast period.
Acetonitrile, also known as methyl cyanide or ethanenitrile, is a nondescript, volatile, flammable, and potentially fatal solvent. It's the simplest all-natural nitrile to work with, and it mixes well with water and other organic solvents. It additionally demonstrates great miscibility with liquor, CH3)2CO, and epoxy gum with no obstruction with epoxy polymerization. This solid liquid is the simplest natural nitrile to produce. Most of it is shipped out as a result of acrylonitrile manufacturing. It's a polar aprotic dissolvable that's put to use in processes like natural amalgamation and butadiene refining. Pharmaceuticals, fragrances, elastic goods, insecticides, acrylic nail removers, and batteries are just some of the products that benefit from its use. It can also be used to purify oils by eliminating unsaturated fats.
Acetonitrile's low freezing point, low boiling point, and low viscosity make it an ideal solvent in the production of antibiotics, where it is used extensively in the pharmaceutical business. Due to its low toxicity, it is also preferred over other main solvents like dichloromethane. The worldwide acetonitrile market is anticipated to receive significant growth momentum during the projected period from the expanding pharmaceutical industry. In 2015, the global pharmaceutical market was valued at $1 trillion, and the International Trade Association predicts that by 2020, it will have grown to $1.3 trillion.
Acetonitrile's diverse characteristics and role as a chemical building block make it a highly sought-after substance in the pharmaceutical business. In the production of pharmaceutical intermediates, acetonitrile serves as a versatile chemical building block. Its structure makes it amenable to a wide range of chemical processes, including addition and substitution involving nucleophiles. These processes are necessary for the synthesis of medicinal molecules with intricate molecular structures. Key components of pharmacological formulations, active pharmaceutical ingredients (APIs), can be synthesized from acetonitrile-derived intermediates.
Prionil, an acetonitrile replacement, was developed in response to the 2008 acetonitrile crisis and the unbalanced relationship between acrylonitrile and acetonitrile. To produce amides, amines, ketones, and acids, Ascend Performance Materials (US) produces a colorless liquid known as Prionil. It is also known as ethyl cyanide, propionitrile, or propanenitrile. Prionil is an inexpensive solvent that is functionally equivalent to acetonitrile. The pharmaceutical and agrochemical industries, among others, rely on it as a solvent. Prionil's rising popularity is hampering the acetonitrile industry.
An important market driver is the pharmaceutical industry's widespread use of acetonitrile as a solvent in the production of antibiotics. Because of its low freezing/boiling point and low viscosity, it is a desirable physical and chemical property. Its safety profile is enhanced by its low toxicity in comparison to other important solvents such as hydrogen cyanide and dichloromethane, which increases its demand in the pharmaceutical industry.
Acetonitrile is used to extract fatty acids from foods and vegetable oils, hence it is projected that demand from the pharmaceutical and agrochemical industries will propel the market. Investors have responded to the increase in demand by setting up shop in the region to take advantage of reduced manufacturing costs and fewer imports. Demand for acetonitrile is anticipated to be influenced in the coming years by the developing manufacturing sector for specialty solvents. The demand for acetonitrile around the globe is predicted to expand at a CAGR of 5.5% during the forecast period.
Report Coverage
Global Acetonitrile research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Acetonitrile report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Acetonitrile competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Acetonitrile market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | INEOS AG (Switzerland.), Asahi Kasei Corporation (Japan), Nova Molecular Technologies (US), PetroChina Co. Ltd. (China), ShengHong Petrochemical Group Co., Ltd. (China), Formosa Plastic Corporation (Taiwan), Avantor Performance Materials LLC (US), Imperial Chemical Corporation (Taiwan), Tedia Company Inc. (US), Avantor Performance Materials, LLC (US), Shanghai Secco Petrochemical Company Limited (China), Qingdao Shida Chemical Co., Ltd. (China), and Nantong Acetic Acid Chemical Co., Ltd. (China). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Acetonitrile Market from 2021 to 2030.
- Market Forecast for Acetonitrile Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Acetonitrile competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Acetonitrile
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Acetonitrile market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Acetonitrile market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
INEOS AG (Switzerland.), Asahi Kasei Corporation (Japan), Nova Molecular Technologies (US), PetroChina Co. Ltd. (China), ShengHong Petrochemical Group Co., Ltd. (China), Formosa Plastic Corporation (Taiwan), Avantor Performance Materials LLC (US), Imperial Chemical Corporation (Taiwan), Tedia Company Inc. (US), Avantor Performance Materials, LLC (US), Shanghai Secco Petrochemical Company Limited (China), Qingdao Shida Chemical Co., Ltd. (China), and Nantong Acetic Acid Chemical Co., Ltd. (China).
Primary Target Market
- Market Players of Acetonitrile
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Acetonitrile market based on the below-mentioned segments:
Global Acetonitrile Market, By Type
Derivative
Solvent
Global Acetonitrile market, By Application
Organic Synthesis
Analytical Applications
Extraction
Others
Global Acetonitrile Market, By End User
Pharmaceutical
Analytical Industry
Agrochemical
Other
Global Acetonitrile market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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