Global Acetonitrile Market demand is anticipated to be valued at US$ 277 Million in 2022, forecast to grow at a CAGR of 5.5% to be valued at US$ 473 Million from 2022 to 2032. The growth of the Acetonitrile market is attributed to its utilization across the pharmaceutical, analytical industries.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 264 Million |
| Expected Market Value (2022) | US$ 277 Million |
| Anticipated Forecast Value (2032) | US$ 473 Million |
| Projected Growth Rate (2022-2032) | 5.5% CAGR |
Acetonitrile, also known as methyl cyanide or cyanomethane is a colorless chemical compound in liquid form having chemical formula CH3CN. Acetonitrile is the most basic and simple organic nitrile. Acetonitrile is produced primarily as an acrylonitrile manufacture byproduct. It is utilized as a polar aprotic solvent in organic synthesis and for the purpose of butadiene purification. Acetonitrile finds major application in the pharmaceutical industry for synthesizing new medicaments, pesticides, vitamin B1, and other products.
Global Acetonitrile Market: Region-wise Outlook
The global acetonitrile market is expected to witness a considerable growth in CAGR between 2022 and 2032. The global consumption of acetonitrile is anticipated to continue to grow over the forecast period. The growth rates are expected to be the highest for China and India, owing to the rising production of generic pharmaceuticals, engineered drugs, and pesticides in the Asia-Pacific region. Asia-Pacific market is followed by North America and Europe in terms of demand and consumption.
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Global Acetonitrile Market: Drivers
Strong demands for acetonitrile from end-use Industries like pharmaceutical manufacturing, biotechnological applications, specialty chemicals, electronics, and HPLC applications are driving the growth of the global acetonitrile market.
Moreover, growing demand for acrylonitrile products such as acrylic fibers, polyacrylamide, and acrylic plastics fuels the growth of the global acetonitrile market. Other potentials sources of supply such as recycling aids the growth of the global acetonitrile market
Global Acetonitrile Market: Restraints
Ever increasing prices of acetonitrile, as well as the shortage in supply has caused a hindrance to the growth of the global acetonitrile market.
Alternatives such as solvents used in the pharmaceutical and analytical industries also possess a threat to the growth of the global acetonitrile market. Acetonitrile can be hazardous to human health on prolonged exposure.
Global Acetonitrile Market: Competitive Landscape
INEOS (U.S.), and CNPC Jilin Chemical Group (China), Asahi Kasei (Japan) are the key players in the global acetonitrile market. These manufacturers of acetonitrile together account for more than half of the global acetonitrile capacity.
Global Acetonitrile Market: Key Players
Some of the key players identified in the global acetonitrile market are INEOS, Asahi Kasei, CNPC Jilin Chemical Group, Imperial Chemical Corporation, AlzChem AG, Dupont, Purification Technologies, Inc., Sigma-Aldrich, Sterling Chemicals, J.T. Baker Chemical, GFS Chemicals Inc., Achemica, BP Chemicals, Continental Industries Group Inc., NeuChem Inc., and Filo Chemical Incorporated, etc.
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The report covers exhaustive analysis on:
- Passive Infrared Sensor Market Segments
- Passive Infrared Sensor Market Dynamics
- Historical Actual Market Size, 2012 – 2014
- Passive Infrared Sensor Market Size & Forecast 2015 to 2025
- Supply & Demand Value Chain
- Passive Infrared Sensor Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Passive Infrared Sensor Market Drivers and Restraints
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Acetonitrile Market: Segmentation
Global Acetonitrile market is segmented on the basis of end-use industry, application, and region.
On the basis of end-use industry, the global acetonitrile market can be segmented into
- pharmaceutical industry
- analytical industry
- others etc.
On the basis of application, the global acetonitrile market is segmented as
- Pharmaceutical applications
- organic synthesis
- specialty chemicals
- extraction
- HPLC solvents
- DNA and RNA synthesis etc.
On the basis of regions, the global acetonitrile market can be segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East and Africa (MEA)
