Acetonitrile Market Size & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Acetonitrile
Market Market Insights The global acetonitrile
market is expected to grow at an exponential CAGR
over the coming years. Growing investments in
the pharmaceutical sector and increasing
application of acetonitrile in the analytical
reagent fields is anticipated to augment market
demand. The usage of acetonitrile in developing
medical substances, vitamin B1, pesticides, and
other drugs is projected to foster growth during
the forecast period. The growing investment in
farming and agricultural activities across the
world is expected to boost demand for
acetonitrile. In 2009, the global acetonitrile
supply faced severe shortage, however the
market conditions have stabilized over the coming
years with many new players entering the
market. The chemical is also preferred over
methanol for use as polar modifier in DCM solvent
systems. The high demand of cosmetics is
anticipated to positively influence market
demand. Rising demand for edible vegetable oil
animal oil is expected to increase consumption of
acetonitrile to extract fatty acid. The
distillation process in the petrochemical
industry also uses acetonitrile.
Acetonitrile Market Product Insights On the
basis of product, the acetonitrile market is
divided into derivative and solvents. The demand
for derivatives is expected to grow at the
highest CAGR over the coming years. Derivatives
are used extensively for the production of sulfa
pyrimidine and Vitamin B1. The manufacture of
agrochemicals and epoxy hardeners by using
acetonitrile is also growing at a high CAGR.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Acetonitrile Market Application
Insights On the basis of application, the market
is segmented into pharmaceuticals, analytical
industry, agrochemical, and extraction, among
others. It is extensively used as a solvent in
the manufacture of butadiene and other
pharmaceutical drugs. The product is also used in
the production of pesticides and other
agrochemicals. The use of acetonitrile is also
prominent in the production of perfumes,
batteries, and rubber products. Other
applications are in casting molding plastic and
spinning synthetic fibers.
Acetonitrile Market Regional Insights Asia
Pacific accounted for the largest share in 2016
and is projected to grow at a high CAGR over the
coming years. Large investments in the
pharmaceutical sector and continuous research
development activities undertaken by companies
are projected to increase market opportunities
for acetonitrile. Some of the largest
pharmaceutical markets include the U.S., Japan,
China, and Germany. Increasing demand for the
use of acetonitrile as a solvent in research
laboratories, photographic film, and
pharmaceutical manufacturing is projected to
positively influence market growth. Shifting
research bases and facilities in the Central
South American and Middle East African
countries are anticipate to foster demand over
the coming years. Acetonitrile Market End-Use
Landscape The end-use landscape entails a list
of current and prospective consumers prevailing
across the regions. This section provides
company addresses, contact details, products, and
regional presence of companies who are
purchasing or are likely to purchase acetonitrile
over the coming years. Some leading consumers in
the market include Bayer, GlaxoSmithKline (GSK),
and Sanofi among others.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Acetonitrile Market Competitive Landscape
• Some of the prominent companies catering to this
  market include Asahi Kasei, INEOS, Imperial
  Chemical Corporation, CNPC Jilin Chemical Group,
  Dupont, Sigma-Aldrich, Formosa Plastic
  Corporation, Nova Molecular Technologies, Inc.,
  Avantor Performance Materials, LLC, Tedia
  Company, Inc., BP Chemicals, GFS Chemicals Inc.,
  and J.T. Baker Chemical.
• In March 2014, Asahi Kasei Chemicals completed
  the construction of a new acetonitrile plant at
  Tongsuh Petrochemicals, Ulsan, Korea. The
  increasing demand for acetonitrile in the
  analytical reagent fields and pharmaceuticals
  industry prompted this strategy.
• The report segments the Acetonitrile Market on
  the basis of By Product
• Derivative
• Solvent
• By Application
• Pharmaceuticals
• Analytical Industry
• Agrochemical
• Extraction
• Others
• By Region

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
This article contains text from the Acetonitrile
Market Size Analysis Forecasts To 2025
report prepared by Global Market Estimates. For
more information or to buy the report, please
visit https//www.globalmarketestimates.com/globa
l-acetonitrile-market/
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