Propionitrile Market is Growing Beyond Expert's Expectation Top Leading Player Included Sigma Solvents Pvt. Ltd., Keepchem Pharmaceutical Co., Ltd., Parchem fine & specialty chemicals

Propionitrile also called as propanenitrile and ethyl cyanide is an organic compound with molecular formula CH3CH2Cn. It is colorless, highly soluble in water, alcohol, and ethanol. It is used for production of hardener of epoxy resin, 2-ethyl-4-methylimidazole, and sulfafurazole. Propionitrile is used as a solvent in chemical industry. It is serve as a building block to make intermediates, which are useful in agriculture, personal care, and pharmaceutical industry.

Increasing demand for propionitrile from pharmaceutical industry is driving growth of the global propionitrile market, owing to its applications in pharmaceutical industry, as solvent and intermediate. It is serves as a building block that is used in the preparation of the pharmaceutical drug flopropione by the Houben-Hoesch reaction. For instance, according to the India Brand Equity Foundation (IBEF), the pharmaceutical sector in India accounted for 2.4% share of the global pharmaceutical industry in terms of value in 2017, and is expected to expand at a CAGR of 12.89% during 2015 to 2020.

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However, high exposure to propionitrile can cause vomiting, nausea, headache, confusion, weakness, dizziness which are the major factors restraining growth of the global propionitrile market.

Market Outlook

North America held dominant position in the global propionitrile market in 2017, owing to growing pharmaceutical industry in the region, which is propelling demand for propionitrile. Propionitrile is used to prepare flopropione, which is used as spasmolytic agent and serotonin receptor antagonist that acts as an inhibitor in pharmaceutical industry. For instance, according to the International Trade Association (ITA), total pharmaceutical sales in 2016, was valued at US$ 333 billion in the U.S.

Key Players

Key players operating in the global propionitrile market include Ascend Performance Materials, Indo Amines Limited, Sigma Solvents Pvt. Ltd., Keepchem Pharmaceutical Co., Ltd., Parchem fine & specialty chemicals, Eve Li Shanghai Worldyang Chemical Co., Limited, Toronto Research Chemicals, Merck KGaA, Zhangjiagang BeiLi Chemicals Co., Ltd., A. B. Enterprises, Triveni Interchem P. Ltd., Zhishang Group and eMolecules, Inc.

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