Global Acetonitrile Market Analysis, 2024-2030

Acetonitrile is a colourless liquid chemical compound which is primarily used as a polar aprotic solvent in organic synthesis and butadiene purification. It is also known as methyl cyanide. It is the most basic form of organic nitrile and enjoys a broad application in the pharmaceutical industry. It has a sweet, ethereal odour and acts as a necessary intermediate for making new medicines, epoxy hardeners, Vitamin B1, pesticides and various other formulations.

The report on global acetonitrile market presents the crux of over 240 hours of synergized efforts of analysts, industry experts, and academician to assess the present market scenario. The findings are substantiated by a thorough analysis of the acetonitrile industry value chain coupled with exhaustive secondary and primary research.

As per the report, the global acetonitrile market has registered an annual consumption of XXXX MT in the year 2017 and is expected to touch the levels of XXXX MT by 2023, registering a CAGR of XXX% during the period from 2018-2023. With the rising production of generic pharmaceuticals, pesticides, engineered drugs in the Asia Pacific region the highest demand for acetonitrile would be originating from India and China soon. Asia Pacific is closely followed by Europe and the US in terms of consumption for Acetonitrile.

There are numerous factors that have lead to the increase in demand for acetonitrile. It is due to its low viscosity, highly reactive properties, and ultraviolet transparency. It can now be used as a solvent during high-performance liquid chromatography. Also, the growing demand for Li-ion batteries used on smartphones, laptops, and tablets is a contributing factor to the growth in demand for acetonitrile.

The shortage in supply of acetonitrile has led to an increase in its prices globally, which has affected its demand significantly. The availability of new substitutes in the pharma industry is also affecting the growth prospects for Acetonitrile. There have also been reports that prolonged exposure to acetonitrile can have an adverse effect on human health too. In terms of demand for acetonitrile, China is leading the race and is closely followed by India, USA, and Europe with the pharmaceutical sector being the most significant consumer category wise. The major players who have a significant impact on the global acetonitrile market and are considered as they influencers are PetroChina, Sinopec, Asahi Kasei, Secco, and Formosa.

Our Approach

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

Hence, the global acetonitrile market is classified based on type (solvent, derivative), end-user (Analytical industry, pharmaceutical, extraction, agrochemical) and geography (North America, Europe, Asia-Pacific, Middle East, Latin Ameri). Different applications of acetonitrile were mapped with all the end-user industry across the globe and findings were later integrated for a consolidated report.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations (Fig1). This allowed a 3600 view of the industry dynamic.

Figure 1 Primary research breakdown

Contents of the report:

• Insight on the current industry dynamics
• Estimation of the current market size in terms of value and volume
• Market breakup based on type, end-user, and geography
• Substantiated market forecasting for the next five years
• Detailed analysis of the key companies operating across different nodes of acetonitrile industry value chain