The Indian acetonitrile market is predicted to grow considerably at a CAGR of 5.2% during the forecast period (2021-2027). Acetonitrile is the simplest of organic nitriles with the chemical formula CH3CN. It is also known as cyano-methane, methyl cyanide, ethyl nitrile, methane carbonitrile, etc. It is a clear, colorless liquid with a sweet, ethereal odor and is an important intermediate for pharmaceutical and functional material chemicals. Acetonitrile has its major application in the pharmaceutical industry as a key solvent in the manufacturing of antibiotics, owing to its favorable physical and chemical properties such as low freezing/boiling point and low viscosity. It is also regarded as safe over other major solvents such as hydrogen cyanide and dichloromethane due to low toxicity.

Apart from this, the high demand for acetonitrile in the pharmaceutical and agrochemical industry to extract fatty acids from foods and vegetable oils is propelling the market.  The high demand has prompted the investors to invest in production facilities of acetonitrile in the country to lower down the manufacturing cost and to reduce imports. The growing manufacturing industry for specialty solvents is anticipated to drive the Indian Acetonitrile market.  

Covid-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. 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 Indian acetonitrile market also. Despite the current pandemic situation, the Indian acetonitrile market has numerous opportunities considering the supply chain disruption in China and trade conflict among the US, Europe, and China. 

The Indian acetonitrile market is segmented based on type, applications, and end-user. Based on the type, the market is fragmented as derivative and solvent. 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 key players of the Indian acetonitrile market include Vizag Chemicals, Balaji Amines Ltd., Standard Reagents, Delux Metal Processing Chemicals Pvt Ltd, and so on. Product development and considerable investment in R&D of new binding technologies is the core focus of these major market players to remain competitive. Moreover, the key players of the acetonitrile market are actively adopting organic or inorganic market activities to increase their market presence. 

Research Methodology

The market study of the Indian acetonitrile market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Indian Acetonitrile Market Research and Analysis by Type
2. Indian Acetonitrile Market Research and Analysis by Application
3. Indian Acetonitrile Market Research and Analysis by End-User 

The Report Covers

• Comprehensive research methodology of the Indian acetonitrile market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian acetonitrile market.
• Insights about market determinants that are stimulating the Indian acetonitrile market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.