Acetonitrile Market is Booming Worldwide | Asahi Kasei Corporation, Avantor Performance Materials, LLC, Biosolve Chimie

Astute Analytica has announced the release of its Acetonitrile Market report, which will present all the latest trends in the market. The study also contributes to a quick estimation of the market's size, which is expected to expand significantly over the envisioned period. Furthermore, the report justifies new technological developments and mechanical enhancements when demand for this service/item grows globally.

The Acetonitrile Market was valued at US$ 353 Mn in 2021 and is projected to reach US$ 482.9 Mn by 2027. The market is estimated to register a CAGR of 5.4% during the forecast period 2022-2027. In terms of volume, the market is estimated to grow from 1,26,135.8 tons in 2021 to 1,76,380.6 tons by 2027, registering a CAGR of 5.7% during 2022-2027.

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A complicated and significant component of the global economy and supply chain network is the chemical sector. Chemicals are created by transforming raw resources like water, minerals, metals, fossil fuels, and others into thousands of diverse products essential to contemporary life as we know it. Over US$ 5.7 trillion was made by the global chemical industry in total revenue in 2022.

In order to effectively combat climate change, chemical manufacturers can play a critical role. Chemicals and materials are omnipresent in contemporary life; therefore, major changes will be required for chemical makers to function in a changing geopolitical environment on a global scale, either proactively or reactively. Chemical firms will probably need to prepare for difficulties in the upcoming year, such as global inflation and oil price instability. In light of these factors, 2023 may be a pivotal year for a change in strategy.

Chemical companies' decision-making processes are evolving as a result of digital implementation. In order to monetize the current investment pool before extending to fresh areas, the near-term focus will be on maintaining current platforms and capabilities.

The chemical industry will concentrate in Asia, more notably in China. India will eventually resemble China if development proceeds steadily, but only after a few decades.

An association market share analysis is included in the market studies to provide a more thorough picture of the important business players. Additionally, the studies cover important market developments such as mergers and acquisitions, innovation launches, agreements, collaborations, cooperative efforts, joint ventures, inventive work, and the geographic expansion of key market players on a global and regional scale. The market study also incorporates a valuable example and a product portfolio analysis of different associations by region.

Leading Player
The key market players are Asahi Kasei Corporation, Avantor Performance Materials, LLC, Biosolve Chimie, Formosa Plastic Corporation, GFS Chemicals, Inc., Honeywell Research Chemicals, and Mitsubishi Chemical Corporation among others.

Segmentation Overview

By Type Segment of the Global Acetonitrile Market is sub-segmented into:
Derivative
Solvent

By Grade (Purity) Segment of the Global Acetonitrile Market is sub-segmented into:
99.99%
99.9%
99.8%
99.5%
Others

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By Application Segment of the Global Acetonitrile Market is sub-segmented into:
Laboratory
DNA and RNA Synthesis
Extraction
High-Performance Liquid Chromatography (HPLC) Solvents
Organic Synthesis
Agricultural Chemical
Pharmaceutical
Synthetic Medicine
Insulin
Antibiotics
Vitamins
Extraction Solvent
Specialty Chemicals
Others

By End-User Segment of the Global Acetonitrile Market is sub-segmented into:
Agricultural Industry
Analytical Industry
Pharmaceutical Industry
Others

By Region Segment of the Global Acetonitrile Market is sub-segmented into:
North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Italy
Spain
Rest of Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America

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This release was published on openPR.