Acetonitrile Market

Acetonitrile Market is valued at USD 342.9 Million in 2021 and expected to reach USD 476.1 Million by 2028 with the CAGR of 4.8% over the forecast period. 

Global Acetonitrile Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing demand for acetonitrile from the pharmaceutical industry, rising demand for acetonitrile for medication recrystallization, and growing adoption of organic solvents in HPLC applications are some of the major factors driving the growth of the Global Acetonitrile Market. 

Scope of Global Acetonitrile Market Report- 

Acetonitrile is a solvent known as methyl cyanide, cyanomethane, and ethanenitrile. It is colorless, flammable (flash point 2 °C), volatile (bp 82 °C), and toxic. It is miscible with most organic solvents except water and some saturated hydrocarbons. Acetonitrile is miscible with water & most organic solvents except for some saturated hydrocarbons. Acetonitrile is mainly used in the refining of butadiene in refineries, the hydrocarbon extraction process, production of synthetic pharmaceuticals, rubber manufacturing, casting and molding of plastic materials, perfume production, refining as well as copper extraction, and defatting. Acids from animal and vegetable oils, and others. 

The Covid-19 pandemic has shown a positive impact on the growth of the global acetonitrile market. The pharmaceutical industry is fully operational even during the Covid-19 pandemic. Moreover, the use of acetonitrile in the pharmaceutical industry is expected to significantly increase the demand for the product during the forecast period. The number of medications required by Covid-19 positive patients is increasing rapidly. Furthermore, the use of acetonitrile in the agricultural industry drives market growth as it is an essential requirement. 

The global acetonitrile market is segmented on the type, application and region & country level. Based on type, the global acetonitrile market is segmented into solvent and derivative. By application, the global acetonitrile market is segmented into agrochemical, pharmaceutical, extraction, analytical industry, and others.  

The regions covered in the global acetonitrile market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global acetonitrile is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc. 

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 342.9 Million
Base year considered	2021
Forecast Period CAGR %:	4.8%
Market Size Expected in 2028:	USD 476.1 Million
Tables, Charts & Figures:	175
Pages	200
Acetonitrile Companies	AnQore, Asahi Kasei Medical Company Limited, Avantor Performance Materials, International Inc, Honeywell, Imperial Chemical Corporation, Nova Molecular Technologies, INEOS, CNPC Jilin Chemical Corporation Limited, Dupont, AlzChem AG, and others.
Segments Covered	By Type, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

Key Players of Global Acetonitrile Market Report- 

Some major key players for the global acetonitrile market report cover prominent players like AnQore, Asahi Kasei Medical Company Limited, Avantor Performance Materials, International Inc, Honeywell, Imperial Chemical Corporation, Nova Molecular Technologies, INEOS, CNPC Jilin Chemical Corporation Limited, Dupont, AlzChem AG, and others.  

News- 

Ineos Nitriles Has Built Acetonitrile Production Facility in Germany 

On April 9th, 2022; Ineos Nitriles announced an investment in a world-class acetonitrile production facility at its flagship operating site in Köln, Germany. Acetonitrile is an important chemical in the production of current pharmaceuticals as well as in the development of new drugs used to fight Covid-19. Acetonitrile is also an important ingredient in agrochemical and bioscience fields. 

Increasing Demand for Acetonitrile from the Pharmaceutical Industry, Rising Demand for Acetonitrile for Medication Recrystallization, and Growing Adoption of Organic Solvents in HPLC Applications are Some of the Major Factors Driving the Market Growth  

One of the major factors driving the growth of the acetonitrile market is the increasing demand for acetonitrile from the pharmaceutical industry. Acetonitrile is one of the major solvents used in the pharmaceutical industry. It is of great use in the manufacture of antibiotics and insulin. Antibiotics include cephalosporins. It is also used as a mobile phase in high-performance liquid chromatography and has various applications in the separation of chiral systems in the pharmaceutical industry. In pharmaceutical process development, acetonitrile is used as a predictive tool for the initial screening of solvent systems to reduce costly and time-consuming experimental screening studies. These applications are increasing the demand for acetonitrile from the pharmaceutical industry, thus boosting the market growth. 

In addition, the rising demand for acetonitrile for medication recrystallization is also boosting the growth of the acetonitrile market. The acetonitrile market is expanding due to the increasing use of acetonitrile in various applications. Acetonitrile is an aqueous solvent used in the manufacture of inorganic salts, drugs, fragrances, pesticides, polymers, and vitamin B. Businesses are focusing on producing acetonitrile for various uses. For example; INEOS is the world's largest producer and marketer of acetonitrile, with facilities in Lima, Ohio, Port Lavaca, Texas, and Teesside in the UK. Acetonitrile is a co-product of acrylonitrile and is primarily used as a solvent to develop new drugs, agricultural products, and fine chemicals. 

Moreover, the growing adoption of organic solvents in HPLC applications is also supplementing the acetonitrile market growth. Acetonitrile is used as an organic modifier in reversed-phase chromatography. Moreover, it has a lower UV cut-off compared to other solvents, which is expected to fuel market growth. Also, it has a low viscosity and can produce a relatively low back pressure on the LC column. All these factors are expected to increase the adoption of organic solvents in HPLC applications, thereby fuelling the market growth.  

However, the fluctuation in prices of acetonitrile and the shortage in supply associated with acetonitrile may hinder the growth of the global acetonitrile market. Despite that, increased demand for recrystallization of drugs from the pharmaceutical industry may create more opportunities for the further growth of the global acetonitrile market. 

Asia Pacific Holds the Major Share in the Global Acetonitrile Market 

Geographically, Asia Pacific is expected to hold a major share in the global acetonitrile market within the forecast period due to the increasing development of new medicines and pesticides, advancements in the pharmaceutical and biotechnology industry, and growing investments in research & development activities in this region. For instance; as per the news published, on October 19th, 2018; Indian researchers developed a skin gel that will protect farmers from pesticides. In addition, the advancement in the pharmaceutical and biotechnology industry is another factor supplementing the market growth in this region. For instance; on August 4th, 2021; The Board of Directors of Balaji Amines Limited has approved the setting up of a new plant for the manufacture of acetonitrile. 

Europe is the fastest-growing region in the global acetonitrile market due to increasing domestic oil production, rising pharmaceutical and chemical industry, and growing the presence of key players in this region. For instance; as per the news published, on April 7th, 2022; INEOS Nitriles to invest in a new world-scale Acetonitrile plant at its Köln facility. Acetonitrile is an important chemical in the production of existing drugs as well as in the development of new drugs used to fight against Covid-19. Acetonitrile is a key ingredient in important agrochemical and biological fields. 

Global Acetonitrile Market Segmentation:

By Type

• Solvent 
• Derivative 

By Application

• Agrochemical 
• Pharmaceutical 
• Extraction 
• Analytical Industry 
• Others 

Acetonitrile Market Key Players:

• AnQore
• Asahi Kasei Medical Company Limited
• Avantor Performance Materials
• International Inc
• Honeywell
• Imperial Chemical Corporation
• Nova Molecular Technologies
• INEOS
• CNPC Jilin Chemical Corporation Limited
• Dupont
• AlzChem AG

By Region Analysis

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• China
• South Korea
• Japan
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Brazil
• Mexico
• Colombia
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Key Benefits of Global Acetonitrile Market Report– 

• Global Acetonitrile Market report covers in-depth historical and forecast analysis 
• Global Acetonitrile Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level. 
• Global Acetonitrile Market report helps to identify opportunities in marketplace.    
• Global Acetonitrile Market report covers extensive analysis of emerging trends and competitive landscape.