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Acetonitrile Market 2020-2025: Leading Key Players CNPC Jilin Chemical, Dupont, Sterling Chemicals, GFS Inc., Achemica
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Acetonitrile Market, By Application, 2014-2025 (Tons) (USD Million)
• Derivative type acetonitrile
• Solvent type acetonitrile
Acetonitrile Market, By Application, 2014-2025 (Tons) (USD Million)
• Pharmaceuticals
• Analytical chemistry
• Agrochemicals
Global agrichemicals market may surpass USD 300 billion by 2025 owing to rising demand for crop protection chemicals including fungicides, herbicides, and insecticides. Growing demand for animal fodder along with crop fiber in textile manufacturing should boost agrichemicals demand. Acetonitrile is widely utilized for agrichemical synthesis which should boost the acetonitrile market growth.
Excessive human exposure to acetonitrile may result in respiratory, cardiovascular and central nervous system damage due to cyanide formation in the body that should hamper product demand.
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North America, led by Mexico, Canada, and the U.S. acetonitrile market size, is anticipated to rise significantly in the projected period. Growing chemical industry due to increasing domestic oil production, abundant feedstock, and energy. Rising acetonitrile demand for inorganic chemical production including acetamidine hydrochloride, thiamine, and α? naphthalene acetic acid should stimulate industry growth.
Europe, driven by UK, Spain, Italy, France, and Germany acetonitrile market may observe steady gains due to rising pharmaceutical industry supported by innovative product launch and favorable regulatory environment. The rising new stream of potential medical will support pharmaceutical industry growth that should promote acetonitrile demand for chemical synthesis in medical formulations. Supportive government initiatives by European union including PRIME (PRIority MEdicines) scheme aiming to strengthen support for targeting unmet medical needs should foster pharma products demand, thus driving acetonitrile regional market growth.
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Global acetonitrile market share is moderately fragmented. The key players operating in the market includes AnQore, Avantor Performance Materials, Honeywell International Inc., Imperial Chemical Corporation, J.T. Baker Chemicals INEOS, Purification Technologies, Inc., AlzChem AG, BP Chemicals,Nova Molecular Technologies, Asahi Kasei Medical Company Limited, CNPC Jilin Chemical, Dupont, Sterling Chemicals, , GFS Inc., Achemica, Continental Industries Group., NeuChem and Filo Chemical.
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