Acetonitrile Market
Global Acetonitrile Market Size, Share & Trends Analysis Report by Type (Derivative and Solvent), By Applications (Organic Synthesis, Specialty Chemicals, HPLC Solvents, Pharmaceutical, Extraction, DNA and RNA synthesis, and Others), and by End-User (Pharmaceutical Industry, Analytical Industry, Agricultural Industry, and Others) Forecast Period, 2021-2027 Update Available - Forecast 2024-2030
The global acetonitrile market is projected to grow at a modest CAGR of 4.5% during the forecast period (2021-2027). Acetonitrile is a volatile, clear, and colorless liquid with the empirical formula C2H3N. Acetonitrile possesses a wide range of applications. It is used to extract fatty acids and animal and vegetable oils. It is also used in petrochemical industries for extractive distillation and as a solvent for spinning synthetic fiber and in casting and molding plastics. In the laboratory, it is used in high-performance liquid chromatographic HPLC analysis and as a solvent for DNA synthesis and peptide sequencing.
The key aspect that drives the growth of the global acetonitrile market includes the various properties possessed by the acetonitrile, owing to which, it is widely being adopted across various end-user industries such as the pharmaceutical industry, analytical industry, agricultural industry, and others. Hence, this is likely to contribute to the growth of the market over the forecast period. However, excessive human exposure, acute inhalation, or contact with acetonitrile can cause respiratory, eye, skin irritation and damage to the cardiovascular and central nervous system due to cyanide formation in the body. Such major side effects prevent the use of acetonitrile, which in turn is hindering the growth of the market during the forecast period.
Impact of COVID-19 Pandemic on Global Acetonitrile Market
COVID-19 pandemic has caused disruptions in the supply chain of the chemical market. The global chemical and materials industry is one of the major industries facing serious disruptions such as breaks in supply chains and disruptions in manufacturing due to lockdown and office shutdowns. Thus, the pandemic has seriously hit the global acetonitrile market. Most of the chemical manufacturing facilities are situated in Asia-Pacific. Therefore, the major lockdown across the key economies of Asia-Pacific such as India & China have made a negative impact on the demand for acetonitrile. However, with the recovering situation, the demand for the chemical is anticipated to grow in near future.
Segmental Outlook
The global acetonitrile market is segmented based on type, application, and end-user. Based on the type, the market is fragmented as derivative and solvent. The solvent type segment of the market is projected to hold the most lucrative share in the global acetonitrile market. Based on applications, the market is segmented as organic synthesis, specialty chemicals, HPLC solvents, pharmaceutical, extraction, DNA and RNA synthesis, and others. Based on the end-user, the market is segmented as pharmaceutical industry, analytical industry, agricultural industry, and others. The pharmaceutical industry segment of the market is estimated to hold a lucrative share in the market.
Global Acetonitrile Market Share by End-User, 2020 (%)
Pharmaceutical Industry Segment to Hold a Lucrative Share in the Global Acetonitrile market
Amongst the end-user segment of the global acetonitrile market, the pharmaceutical industry segment is projected to grow at a substantial rate over the forecast period. The segmental growth of the market is accredited to its application as a key solvent in the manufacturing of antibiotics due to its physical and chemical properties such as low freezing and boiling point and low viscosity. It also has low toxicity due to which it is regarded as safe over other solvents such as dichloromethane. Further, the growing pharmaceutical industry is expected to boost the demand for acetonitrile during the forecast period. As per the International Trade Association, the global pharmaceutical market witnessed $1 trillion in 2015 and is expected to increase to $1.3 trillion by 2030.
Regional Outlook
The global acetonitrile market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the acetonitrile market in the region. The regional growth of the market is accredited to the chemical industry in the region especially in the economies such as China and India. Increasing income levels, increase in industrialization and population migration from rural to urban areas are some of the key factors that are likely to accelerate the demand for the pharmaceuticals industry in the country. Hence, this, in turn, is projected to drive the growth of the global acetonitrile market over the forecast period. Further, the European region is also likely to witness substantial growth shortly, owing to the presence of the key players in the region and a well-established chemical sector in the region.
Global Acetonitrile Market Growth, by Region 2021-2027
Asia-Pacific Held Prominent Share in the Global Acetonitrile Market
Geographically, the Asia-Pacific region held a prominent share in the acetonitrile market in 2020. The growing pharmaceutical industry and agriculture industry across the region have promoted the demand for acetonitrile as a solvent which in turn driving the global acetonitrile market. China is dominating the Asia-Pacific acetonitrile market by the presence of key players, manufacturing, and selling a large number of manufacturing plants in the region.
Market Players Outlook
The prominent players functioning in the global acetonitrile market include INEOS, Mitsubishi Chemical Corp., Asahi Kasei Corp., Jiangsu Sailboat Petrochemical Co., Ltd., Jilin Provincial Chemicals Import & Export Co., Ltd., Merck KGaA, Shanghai SECCO Petrochemical Co., Ltd. among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others to thrive in a competitive environment. Moreover, the key players of the acetonitrile market are actively adopting organic or inorganic market activities to increase their market share.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global acetonitrile market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Acetonitrile Industry
• Recovery Scenario of Global Acetonitrile Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Mitsubishi Chemical Corp.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. INEOS Group, Ltd.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Asahi Kasei Corp.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Shanghai SECCO Petrochemical Co., Ltd.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. China National Petroleum Corp.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Acetonitrile Market by Type
5.1.1. Derivative
5.1.2. Solvent
5.2. Global Acetonitrile Market by Application
5.2.1. Organic Synthesis
5.2.2. Specialty Chemicals
5.2.3. HPLC Solvents
5.2.4. Pharmaceutical
5.2.5. Extraction
5.2.6. DNA And RNA Synthesis
5.3. Global Acetonitrile Market by End-User
5.3.1. Pharmaceutical Industry
5.3.2. Analytical Industry
5.3.3. Agricultural Industry
5.3.4. Others.
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Asahi Kasei Corp.
7.2. Balaji Amines, Ltd.
7.3. BASF SE
7.4. Biosolve Chimie
7.5. China National Petroleum Corp.
7.6. GFS Chemicals, Inc.
7.7. Greenfield Global, Inc.
7.8. Honeywell International, Inc.
7.9. Hunan Chemical B.V.
7.10. Imperial Chemical Corp.
7.11. INEOS Group, Ltd.
7.12. Jiangsu Sailboat Petrochemical Co., Ltd.
7.13. Jilin Provincial Chemicals Import & Export Co., Ltd.
7.14. Mitsubishi Chemical Corp.
7.15. Merck KGaA
7.16. Nova Molecular Technologies, Inc.
7.17. Shanghai SECCO Petrochemical Co., Ltd.
7.18. Robinson Brothers, Ltd.
7.19. Standard Reagents Pvt. Ltd.
7.20. Thermo Fisher Scientific, Inc.
7.21. VWR International, LLC
1. GLOBAL ACETONITRILE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL ACETONITRILE DERIVATIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL ACETONITRILE SOLVENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL ACETONITRILE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
5. GLOBAL ACETONITRILE FOR ORGANIC SYNTHESIS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL ACETONITRILE FOR SPECIALTY CHEMICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL ACETONITRILE FOR HPLC SOLVENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL ACETONITRILE FOR PHARMACEUTICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL ACETONITRILE FOR EXTRACTION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL ACETONITRILE FOR DNA AND RNA SYNTHESIS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL ACETONITRILE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
12. GLOBAL ACETONITRILE FOR PHARMACEUTICAL INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL ACETONITRILE FOR ANALYTICAL INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL ACETONITRILE FOR AGRICULTURAL INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL ACETONITRILE FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. NORTH AMERICAN ACETONITRILE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
17. NORTH AMERICAN ACETONITRILE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
18. NORTH AMERICAN ACETONITRILE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
19. NORTH AMERICAN ACETONITRILE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
20. EUROPEAN ACETONITRILE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. EUROPEAN ACETONITRILE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
22. EUROPEAN ACETONITRILE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
23. EUROPEAN ACETONITRILE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC ACETONITRILE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC ACETONITRILE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC ACETONITRILE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC ACETONITRILE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
28. REST OF THE WORLD ACETONITRILE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD ACETONITRILE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
30. REST OF THE WORLD ACETONITRILE MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL ACETONITRILE MARKET, 2020-2027($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL ACETONITRILE MARKET BY SEGMENT, 2020-2027($ MILLION)
3. RECOVERY OF GLOBAL ACETONITRILE MARKET, 2021-2027(%)
4. GLOBAL ACETONITRILE MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL ACETONITRILE MARKET SHARE BY APPLICATIONS, 2020 VS 2027 (%)
6. GLOBAL ACETONITRILE MARKET SHARE BY END-USER, 2020 VS 2027 (%)
7. GLOBAL ACETONITRILE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL ACETONITRILE FOR ORGANIC SYNTHESIS MARKET SHARE BY REGION, 2020 VS 2027 (%)
9. GLOBAL ACETONITRILE FOR SPECIALTY CHEMICALS MARKET SHARE BY REGION, 2020 VS 2027 (%)
10. GLOBAL ACETONITRILE FOR HPLC SOLVENT MARKET SHARE BY REGION, 2020 VS 2027 (%)
11. GLOBAL ACETONITRILE FOR PHARMACEUTICAL MARKET SHARE BY REGION, 2020 VS 2027 (%)
12. GLOBAL ACETONITRILE FOR EXTRACTION MARKET SHARE BY REGION, 2020 VS 2027 (%)
13. GLOBAL ACETONITRILE FOR DNA AND RNA SYNTHESIS MARKET SHARE BY REGION, 2020 VS 2027 (%)
14. GLOBAL PHARMACEUTICAL INDUSTRY ACETONITRILE MARKET SHARE BY REGION, 2020 VS 2027 (%)
15. GLOBAL ANALYTICAL INDUSTRY IN ACETONITRILE MARKET SHARE BY REGION, 2020 VS 2027 (%)
16. GLOBAL AGRICULTURAL INDUSTRY IN ACETONITRILE MARKET SHARE BY REGION, 2020 VS 2027 (%)
17. GLOBAL OTHERS ACETONITRILE MARKET SHARE BY REGION, 2020 VS 2027 (%)
18. US ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
19. CANADA ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
20. UK ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
21. FRANCE ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
22. GERMANY ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
23. ITALY ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
24. SPAIN ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
25. ROE ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
26. INDIA ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
27. CHINA ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
28. JAPAN ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
29. ASEAN ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
30. SOUTH KOREA ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF ASIA-PACIFIC ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF THE WORLD ACETONITRILE MARKET SIZE, 2020-2027 ($ MILLION)
