Acetonitrile is also called as methyl cyanide or cyanomethane. It is colorless chemical compound in liquid form, which is got as a by-product in the manufacture of acrylonitrile. It is the most basic as well as simple organic nitrile of chemical formula CH3CN. It is extensively used in the pharmaceutical industry to synthesize innovative medicaments, vitamin B1, pesticides and other products. This chemical is used as a polar aprotic solvent in organic synthesis as well as for the purpose of butadiene distillation. . It has been used in preparations for nail polish remover, despite its poisonousness.
|Unit||Value (USD Million)|
|Key Companies Profiled||INEOS AG (Switzerland), Asahi Kasei Corporation (Japan), Nova Molecular Technologies (United States), Formosa Plastics Corporation (Taiwan), Avantor Performance Materials LLC (United States), Imperial Chemical Corporation (Taiwan), Honeywell International Inc. (United States), AlzChem AG (Germany), Dupont (United States), CNPC Jilin Chemical Group (China) and AnQore (Netherlands)|
According to AMA, the market for Acetonitrile is expected to register a CAGR of 4.6% during the forecast period to 2027. This growth is primarily driven by Increase in Demand for Acetonitrile Products and High Demand Due Extensively Use As A Mobile Phase in HPLC.
Globally, a noticeable market trend is evident Rising Adoption of Acetonitrile for Drug Recrystallization
. Major Vendors, such as INEOS AG (Switzerland), Asahi Kasei Corporation (Japan), Nova Molecular Technologies (United States), Formosa Plastics Corporation (Taiwan), Avantor Performance Materials LLC (United States), Imperial Chemical Corporation (Taiwan), Honeywell International Inc. (United States), AlzChem AG (Germany), Dupont (United States), CNPC Jilin Chemical Group (China) and AnQore (Netherlands) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 14th January 2019, the global leader in petrochemical industry INEOS Group has announced a huge investment of 3 billion Euros in the petrochemical sector at Antwerp location. This investment will bring huge benefits to the petrochemical sector across the globe as well as it will assist in strengthening European Economies especially Belgium.
The office of Health and Environment Assessment, Environmental Criteria & Assessment office from the United States have prepared an effects profile for acetonitrile for the office of Solid Waste and Emergency Response to support the listings of hazardous constituents of variety of waste streams under Section 3001 of the Resource Conservation and Recovery Act (RCRA) to limit health related emergency actions under the section number 101 of Comprehensive Environmental Response, Compensation and Liability Act (CERCLA).
- Increase in Demand for Acetonitrile Products
- High Demand Due Extensively Use As A Mobile Phase in HPLC
- Rising Adoption of Acetonitrile for Drug Recrystallization
- Fueling Dependency Due To Use in Pharmaceuticals Industry
- Increasing Prices of Acetonitrile
- Threat of Substitutes Such as Solvent
Growing Use of Acetonitrile in Different Applications
Necessity of Technically Skilled Staff to Handle as well as Use Acetonitrile
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Acetonitrile Study Sheds Light on
The Acetonitrile Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Acetonitrile industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Acetonitrile industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.