Press release
Acetonitrile Market value predicted to grow to USD 277 Million in 2022 | Industry Key Players – INEOS, Zibo Jinma Chemical Factory, Taekwang, DSM, TEDIA, Nantong Acetic Acid Chemical, Asahi Kasel Chemicals, Daqing Huake, China National Petroleum, Sinope
Acetonitrile, also known as methyl cyanide or cyanomethane, is a colorless chemical in liquid form with the chemical formula CH3CN. Acetonitrile is produced primarily as an acrylonitrile manufacture by-product. It is used as a polar aprotic solvent in organic synthesis and for the purpose of purifying butadiene. Acetonitrile is an important application in the pharmaceutical industry for the synthesis of new medicines, pesticides, vitamins B1 and other products.
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Acetonitrile Market Drivers and restraints:
The end user's strong demand for acetonitrile, such as pharmaceutical manufacturing, biotechnology applications, specialty chemicals, electronics and HPLC applications, is driving growth in the global acetonitrile Industry. In addition, the growing demand for acrylonitrile products, such as acrylic fibers, polyacrylamide and acrylic plastics, is also driving the growth of the global acetonitrile Industry. Other potential sources of supply, such as recycling, contribute to the growth of the acetonitrile market. Continued increases in acetonitrile prices and short supply have slowed the growth of the global acetonitrile Industry. Alternatives such as solvents used in the pharmaceutical and analytical industries also threaten the growth of the global acetonitrile Industry. Acetonitrile can be hazardous to human health during prolonged exposure.
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Detailed Segmentation of Global Acetonitrile Market:
Global Acetonitrile Market - By Type:
Regent Grade
Industrial Grade
Global Acetonitrile Market - By Application:
Industrial Application
Lab Application
Global Acetonitrile Market - By Region:
North America
Europe
China
Japan
Middle East & Africa
India
South America
Others
Acetonitrile Market Geographic Analysis:
The Asia-Pacific region is the world's largest Industry for acetonitrile. The acetonitrile Industry in Asia Pacific is expected to experience the highest growth in the CAGR during the forecast period, in terms of value. The growth of the acetonitrile industry in Asia-Pacific can be attributed to the growing demand for acetonitrile from emerging economies in the region for use in a variety of applications. Strong economic growth in the Asia-Pacific region and increased investments in the pharmaceutical and agrochemical sectors by several governments and major Industry players are also driving the growth of the acetonitrile industry in Asia-Pacific.
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Acetonitrile Market Key Players:
INEOS
Zibo Jinma Chemical Factory
Taekwang
DSM
TEDIA
Nantong Acetic Acid Chemical
Asahi Kasel Chemicals
Daqing Huake
China National Petroleum
Sinopec Group
Baiyun Group
Shanghai Secco
Sterling Chemicals
Shandong Shida Shenghua Chemical Group
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