Asia-Pacific Acetonitrile Market Analysis, 2024-2030
Description
Acetonitrile is a colourless chemical compound that is formed during the manufacturing process of acrylonitrile. Acetonitrile is also known as methyl cyanide and cyanomethane. Acetonitrile enjoys a broad application as an intermediate, solvent and derivative in the pharmaceutical and chemical industries globally. Acetonitrile also used extensively as a raw material in the manufacturing of agricultural pesticides, Li-ion batteries, and epoxy hardeners.
The report on Asia-Pacific acetonitrile market is a result of 200 hours of synergized efforts of analysts, industry experts, and academician to evaluate the present market scenario. As per the report, the market for acetonitrile in the Asia Pacific region has been pegged at US $ XXXX annually in the year 2017 and is expected to reach US $ XXX by 2023, witnessing an annual growth rate of XXXX %. Asia Pacific region, being the leading manufacturer of generic pharmaceuticals and agricultural pesticides enjoys an excellent demand for Acetonitrile. China is the leading consumer in the region followed by India, Japan, and South Korea.
One of the major growth drivers for the manifolds increase in the consumption of acetonitrile in Asia Pacific is the rising demand for generic pharmaceuticals manufactured manufacturing activities in the region. Also, being predominantly agrarian economies, India and China have high consumption for agricultural pesticides and agrochemicals. This increasing consumption requires high levels of acetonitrile.
Though the prospects for acetonitrile seem to be very promising in Asia Pacific region, the substantial increase in the prices is a result of failing supply quantities, and prolonged exposure to acetonitrile is harmful to humans. Factors such as these have forced the industrial consumers to look for substitutes. Apart from the supply related concerns, the demand for acetonitrile in the Asia Pacific is going to remain stable for the near future with China leading the race and India, Japan and South Korea close on its heels.
The significant influencers for the Acetonitrile market in the region are China National Petroleum, Sinopec Group, Asahi Kasei Chemicals, DSM and Shanghai Secco. These companies are investing in Asia-Pacific to strength the dwindling supply of acetonitrile within the region. For instance, Sinopec Group has launched a US $ 1.5 billion investment company in China, and Shanghai SECCO Petrochemicals has selected Emerson for $30 Million Automation Project for its China Petrochemical facility.
Our Approach
The research on acetonitrile begins with the breakdown of different market segments, identification of factors affecting the market in Asia-Pacific, followed by understanding its weight across different segments of the market. Hence, the acetonitrile market is classified into various segments based on type, end-use industries, and regions. Based on the application, it is bifurcated as derivative & solvent and based on end-use, it is segmented as pharmaceutical, agrochemical, analytical and extraction among others. Then different applications of acetonitrile in different end-use sectors were mapped in different countries within Asia-Pacific region by collecting intelligence with the help of secondary and primary research. Market Krystal validates the findings by involving industry leaders from diverse locations and functionalities (Fig1) to provide 3600 views of the industry dynamic.
Figure 1 Primary research breakdown
Report Coverage:Insight on the Asia-Pacific acetonitrile market dynamics Estimation of the acetonitrile market size in Asia-Pacific region in terms of value and volume Asia-Pacific acetonitrile market breakup based on application, end-use and geography Substantiated market forecast of each acetonitrile market segments for the next five years Detailed analysis of top companies operating across different nodes of acetonitrile industry value chain Please note: this is delivered as an excel file.
The report on Asia-Pacific acetonitrile market is a result of 200 hours of synergized efforts of analysts, industry experts, and academician to evaluate the present market scenario. As per the report, the market for acetonitrile in the Asia Pacific region has been pegged at US $ XXXX annually in the year 2017 and is expected to reach US $ XXX by 2023, witnessing an annual growth rate of XXXX %. Asia Pacific region, being the leading manufacturer of generic pharmaceuticals and agricultural pesticides enjoys an excellent demand for Acetonitrile. China is the leading consumer in the region followed by India, Japan, and South Korea.
One of the major growth drivers for the manifolds increase in the consumption of acetonitrile in Asia Pacific is the rising demand for generic pharmaceuticals manufactured manufacturing activities in the region. Also, being predominantly agrarian economies, India and China have high consumption for agricultural pesticides and agrochemicals. This increasing consumption requires high levels of acetonitrile.
Though the prospects for acetonitrile seem to be very promising in Asia Pacific region, the substantial increase in the prices is a result of failing supply quantities, and prolonged exposure to acetonitrile is harmful to humans. Factors such as these have forced the industrial consumers to look for substitutes. Apart from the supply related concerns, the demand for acetonitrile in the Asia Pacific is going to remain stable for the near future with China leading the race and India, Japan and South Korea close on its heels.
The significant influencers for the Acetonitrile market in the region are China National Petroleum, Sinopec Group, Asahi Kasei Chemicals, DSM and Shanghai Secco. These companies are investing in Asia-Pacific to strength the dwindling supply of acetonitrile within the region. For instance, Sinopec Group has launched a US $ 1.5 billion investment company in China, and Shanghai SECCO Petrochemicals has selected Emerson for $30 Million Automation Project for its China Petrochemical facility.
Our Approach
The research on acetonitrile begins with the breakdown of different market segments, identification of factors affecting the market in Asia-Pacific, followed by understanding its weight across different segments of the market. Hence, the acetonitrile market is classified into various segments based on type, end-use industries, and regions. Based on the application, it is bifurcated as derivative & solvent and based on end-use, it is segmented as pharmaceutical, agrochemical, analytical and extraction among others. Then different applications of acetonitrile in different end-use sectors were mapped in different countries within Asia-Pacific region by collecting intelligence with the help of secondary and primary research. Market Krystal validates the findings by involving industry leaders from diverse locations and functionalities (Fig1) to provide 3600 views of the industry dynamic.
Figure 1 Primary research breakdown
Report Coverage:
Table of Contents
- 1. Introduction
- Purpose of the report
- Research methodology
- Executive summary
- 2. Product Overview
- Product analysis
- Portfolio analysis of top companies
- Value chain analysis
- Market dynamics
- 3. Asia-Pacific Market Analysis
- Asia-Pacific acetonitrile market size (2024–2030)
- By value
- By volume
- Asia-Pacific acetonitrile market share (2024–2030)
- By type
- By end-use
- By geography
- By company
- 4. China Market Analysis
- China acetonitrile market size (2024–2030)
- By value
- By volume
- China acetonitrile market share (2024–2030)
- By type
- By end-use
- By geography
- By company
- 5. Japan Market Analysis
- Japan acetonitrile market size (2024–2030)
- By value
- By volume
- Japan acetonitrile market share (2024–2030)
- By type
- By end-use
- By geography
- By company
- 6. India Market Analysis
- India acetonitrile market size (2024–2030)
- By value
- By volume
- India acetonitrile market share (2024–2030)
- By type
- By end-use
- By geography
- By company
- 7. Indonesia Market Analysis
- Indonesia acetonitrile market size (2024–2030)
- By value
- By volume
- Indonesia acetonitrile market share (2024–2030)
- By type
- By end-use
- By geography
- By company
- 8. Other Asian Countries Market Analysis
- Other Asian countries acetonitrile market size (2024–2030)
- By value
- By volume
- Other Asian countries acetonitrile market share (2024–2030)
- By type
- By end-use
- By geography
- By company
- 9. Competitive Intelligence
- China National Petroleum
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 2
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 3
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 4
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 5
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 6
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 7
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 8
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 9
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- 10. Appendix
- Primary research breakup
- List of interview participants
- Discussion guide
- Interview transcript
- About Market Krystal team
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