Global Acetonitrile Market was valued at USD$ 230.23 Mn in 2018 and projected to reach USD$ 308.48 Mn by 2026, at a CAGR of 4.8%.
Global Acetonitrile Market
Increased consumption of acetonitrile from the pharmaceutical industry and demand as raw material for another chemical synthesis. Acetonitrile can be recycled easily from both anhydrous and aqueous wastes. Recycled production of acetonitrile is trending the market.
The derivative segment of the acetonitrile market is projected to grow at the highest CAGR due to the increased use of acetonitrile in pharmaceutical and analytical industry applications. Increased consumption of acetonitrile in the production of epoxy hardeners and agrochemicals is also driving the growth of the derivative segment of the acetonitrile market. Acetonitrile as raw material for manufacturing agriculture pesticides and aromatizers is boosting the acetonitrile market.
Pharmaceutical application segment is projected to lead the acetonitrile market the increased use of acetonitrile in the pharmaceutical industry for manufacturing vitamin B1 and sulfa pyrimidine. The highly profitable margins in the pharmaceutical industry have boosted market leaders across the globe to modify their infrastructures to compete at an international level.
North America and Asia-Pacific are expected to form the largest market for acetonitrile market. Growing investments by the government for improving medical infrastructure together with an increase in demand from research organizations has further boosted demand for acetonitrile market in these regions.
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Scope of Global Acetonitrile Market
Global Acetonitrile Market, by Type:
Global Acetonitrile Market, by Application:
Global Acetonitrile Market, by Region:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players operating in the global acetonitrile market:
• INEOS AG (Switzerland)
• Asahi Kasei Corporation (Japan)
• Nova Molecular Technologies (US)
• Formosa Plastics Corporation (Taiwan)
• Avantor Performance Materials LLC (US)
• Imperial Chemical Corporation (Taiwan)
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