Propionitrile Market | Air Liquide, Alfa Aesar, Ascend Performance Materials, Indo Amines Limited

Propionitrile, also known as propanenitrile or ethyl cyanide, is an organic compound with the molecular formula CH3CH2CN. The compound is a simple aliphatic nitrile that is colorless and is a water-soluble liquid. The global propionitrile market is estimated to surpass US$ 12.22 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 5.9% during the forecast period (2020 to 2027).

The growing awareness for calories intake has led to an increasing demand for low-calorie food products and is driving the market growth of the Propionitrile. It is used as a building block in the production of the pharmaceutical drug flopropione that is used as serotonin receptor antagonist and spasmolytic agent that acts as an inhibitor in the pharmaceutical industry. Hence, rising cases of irritable bowel syndrome is accelerating the demand for antispasmolytic drug and ultimately favoring the market growth. According to International Foundation for Functional Gastrointestinal Disorders, 2016, the count for irritable bowel syndrome was approximately 10-15% globally. Furthermore, as the same source states, in the U.S., there are between 2.4 and 3.5 million annual physician visits for IBS. According to the Anxiety and Depression Association of America, on an average one in five adults in the U.S. are suffering from irritable bowel syndrome. Hence, rising demand from pharmaceutical industry is expected to favor the growth of the propionitrile market over the forecast period.

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Detailed Segmentation:

Global Propionitrile Market, By Application:
Additives
Intermediates

Global Propionitrile Market, By End-Use Industry:
Personal Care
Pharmaceutical
Agriculture
Others

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This report provides in-depth analysis of propionitrile market, and provides market size (US$ Million and Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, and regional outlook.

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