The North American acetonitrile market is anticipated to grow at a CAGR of 4.2% during the forecast period (2021-2027). The market is set to display impressive growth during the forecast period with some key trends emerging, such as growing investment in the pharmaceuticals industry, increasing prevalence of diabetes, wide application of acetonitrile such as to make elastic items, aromas, pharmaceuticals, and batteries. 

The COVID-19 pandemic severely affected the North American acetonitrile market. The pandemic impacted the overall manufacturing process, research, and development activities in the region. Shutdowns of the chemicals & materials industry due to the lockdown of countries, there were disrupted supply chain of various products offered by the industry. Additionally, the US has the highest number of COVID-19 infections among all North American counties. Thus, it is the most affected country.

The North American acetonitrile market is segmented based on type, applications, 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. 

Based on the demographic viewpoint, the North American acetonitrile market has been segmented into the US and Canada. The US is likely to hold a major share in the North American market over the forecast period due to its high spending on the chemical and pharmaceuticals industry, and the presence of major players for the acetonitrile providers. Canada holds a significant share in the North American acetonitrile market. 

Further, BASF SE, Avantor Inc, GFS Chemical Inc, Honeywell International Inc, Nova Molecular Technologies, Mitsubishi Chemical Corporation, among others are some of the prominent players functioning in the North American acetonitrile market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players to sustain in the highly competitive market. 

RESEARCH METHODOLOGY

The market study of the North American acetonitrile market is incorporated by extensive primary and secondary research conducted by the research team. 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 the authenticity of 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 is intended for acetonitrile provider companies, and its application such as manufacturing, retail, government and defense, and healthcare, among others, research institutes and universities, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. North American acetonitrile Market Research and Analysis by Type 
2. North American acetonitrile Market Research and Analysis by Application 
3. North American acetonitrile Market Research and Analysis by End-User 

The Report covers:

• Comprehensive research methodology of the North American 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 North American acetonitrile market.
• Insights about market determinants that are stimulating the North American acetonitrile market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.