Materials & Chemicals / Acetonitrile Market - In-depth Analysis 2022, Future Scope And Outlook 2027 By Types, By Application, By Regions And By Key Players
Acetonitrile Market - In-depth Analysis 2022, Future Scope and Outlook 2027 By Types, By Application, By Regions and By Key Players
Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Acetonitrile Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.10% during the review period (2022 to 2027).
Acetonitrile Market Overview
Acetonitrile is a colorless liquid that has a sharp, irritating odor. The global acetonitrile market is estimated to be $1,413.2 million in 2020 and is projected to grow at a CAGR of 4.10% from 2022 to 2027. Acetonitrile is a colorless liquid which has many industrial applications. In the past few years, it has become one of the most important chemicals in the world due to its wide range of applications and growing demand from various industries. Although there are some substitutes for Acetonitrile, but these have certain disadvantages such as corrosiveness, toxicity and flammability that restrain the demand for Acetonitrile. Acetonitrile Market covers the present scenario of the global Acetonitrile market along with the detailed analysis of the market. It also speaks about one of the major trends which affects the growth of Acetonitrile market, approaches utilized by various companies in order to create an impact in this market and limitations that may affect growth of Acetonitrile industry. The analysis provided in this report is based on extensive primary research as well as interviews with key industry experts.
Who are the Major Players in Acetonitrile Market?
The global Acetonitrile Marketincludes identification and analysis of the various market participants competing in the global market. Prominent competitors include INEOS, Asahi Kasei Corporation, Formosa Plastic Corporation, Imperial Chemical Corporation, Nova Molecular Technologies, Inc, Tedia Company, Inc, Avantor Performance Materials, LLC, Shanghai Secco Petrochemical Company Limited, Qingdao Shida Chemical Co., Ltd. Nantong Acetic Acid Chemical Co., Ltd. and Taekwang Industrial Co., Ltd.
Industry News and Updates:
April 7, 2022: INEOS Nitriles to invest in new world scale Acetonitrile plant at its Köln facility to meet European demand
INEOS Nitriles has announced their intention to invest in a world scale Acetonitrile production facility at their key operating site in Köln, Germany. Acetonitrile is a critical chemical in the production of existing pharmaceuticals as well as the development of new drugs such as those used to fight COVID-19. Acetonitrile is also a key component in the important agrochemicals and bioscience sectors.
October 29, 2020: NOVA MOLECULAR TECHNOLOGIES, INC. EXPANDING OPERATIONS TO SUMTER COUNTY
(Nova), a chemical manufacturing company, announced plans to expand operations in Sumter County. The more than $14.9 million investment
Nova is a leading producer of high-purity solvents. The company’s high-value solvent Recovery and Return program helps companies reduce costs, increase supply certainty and improve sustainability initiatives. Additionally, through its Recovery and Return program, chemicals are recovered that would traditionally be sent to waste disposal, reducing environmental impact and allowing better risk mitigation of raw material supply.
What are the major Applications, Types and Regions for Acetonitrile Market?
Market is segmented based on the type, applications, companies and regions.
By Types, it is segmented into
Derivative
Solvent
By Application, it is segmented into
Pharmaceutical
Analytical Industry
Agrochemical
Extraction
Others
Acetonitrile Market Regional Analysis
Asia-Pacific as the its biggest producer, accounting for more than half of the total global production. Asia-Pacific is followed by North America and Europe. In terms of consumption, China represents the biggest consumer of acetonitrile followed by North and South America, Europe and Japan.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Acetonitrile Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Acetonitrile Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Acetonitrile Market scope
Report Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 4.10% during the review period (2022 to 2027).
By Type
Derivative
Solvent
By Application
Pharmaceutical
Analytical Industry
Agrochemical
Extraction
Others
By Companies
INEOS, Asahi Kasei Corporation, Formosa Plastic Corporation, Imperial Chemical Corporation, Nova Molecular Technologies, Inc, Tedia Company, Inc
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
133
Customization Available
Yes, the report can be customized as per your needs
Key highlight
Acetonitrile Market is estimated to grow at 4.10% CAGR during the forecast period 2022-2027. The growth of the Acetonitrile Market has been driven by factors such as increasing plasticization and improved polymeric nanocomposites, increasing demand for polyurethanes, and growing demand for higher performance polymers.
Acetonitrile is a colorless liquid. It is also used as a solvent in many applications.
Acetonitrile is a simple organic compound with the formula CH3CN and is miscible with water and many organic solvents
Frequently Asked Question
What is the study period of this market?
The Acetonitrile Market is studied from 2022-2027.
Who are the prime players in the Acetonitrile Market?
INEOS, Asahi Kasei Corporation, Formosa Plastic Corporation, Imperial Chemical Corporation, Nova Molecular Technologies, Inc, Tedia Company, Inc
Which region held the largest share in the Acetonitrile Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant Types of Acetonitrile Market?
Derivative, Solvent
What are the major applications of Acetonitrile Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
