Acetonitrile Market|Market Outlook|Aggregate Insights|Market Forecast to 2026
The Global Acetonitrile Market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.
(EMAILWIRE.COM, October 25, 2019 ) Market Overview:
Acetonitrile is the chemical compound with the formula CH 3CN. This colorless liquid is the simplest organic nitrile (hydrogen cyanide is a simpler nitrile, but the cyanide anion is not classed as organic). It is produced mainly as a by product of acrylonitrile manufacture. It is used as a polar aprotic solvent in organic synthesis and in the purification of butadiene. It is used to make pharmaceuticals, perfumes, rubber products, pesticides, acrylic nail removers, and batteries. It is also used to extract fatty acids from animal and vegetable oils.
Market Dynamics:
High demand for acetonitrile for drug recrystallization and increasing use of acetonitrile in different applications are the different driving factors for the growth of the market globally. Acetonitrile is used as a solvent in the production of vitamin B, pharmaceuticals, perfumes, pesticides, plastics and as a non-aqueous solvent for inorganic salts. It is also used in the photographic industry, in the extraction and refining of copper, in the textile industry, in lithium batteries, for the extraction of fatty acids from animal and vegetable oils, and in analytical chemistry laboratories.
However, increasing demand for substitute products is a major restraint hindering market growth worldwide.
Market Segmentation:
By application, the acetonitrile market is segmented into agrochemical, pharmaceutical, analytical & extraction industry, and others. Pharmaceuticals is expected to grab the largest market share in the forecast period because it is regarded as a key solvent in the pharmaceutical industry. Adding to this, increased demand for recrystallization of drugs from the pharmaceutical industry is the other key driving factor for the market growth. Acetonitrile (MeCN) is a core solvent in the chemical industries, particularly the pharmaceutical industry, where the global demand accounts maximum share of the total market. It is a good solvent because of its ability to dissolve a wide variety of fine chemical and pharmaceutical ingredients.
By type, the acetonitrile market is classified into solvents and derivatives. The global acetonitrile market size by type was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.
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Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
Asia Pacific is expected to grow with a high CAGR rate in the forecast period. R&D activities and investments on pesticides and new medicines for improvement and development is the major driving factor for the market growth.
Competitive Analysis:
Some of the major players include Avantor Performance Materials, LLC, Imperial Chemical Corporation, Connect Chemicals GmbH, Nantong Acetic Acid Chemical Co., Ltd., GFS Chemicals, Inc., Asahi Kasei, Formosa Plastic Corporation, Tedia Company, Inc., INOES AG AND Mitsubishi Chemical Corporation.
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About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Acetonitrile is the chemical compound with the formula CH 3CN. This colorless liquid is the simplest organic nitrile (hydrogen cyanide is a simpler nitrile, but the cyanide anion is not classed as organic). It is produced mainly as a by product of acrylonitrile manufacture. It is used as a polar aprotic solvent in organic synthesis and in the purification of butadiene. It is used to make pharmaceuticals, perfumes, rubber products, pesticides, acrylic nail removers, and batteries. It is also used to extract fatty acids from animal and vegetable oils.
Market Dynamics:
High demand for acetonitrile for drug recrystallization and increasing use of acetonitrile in different applications are the different driving factors for the growth of the market globally. Acetonitrile is used as a solvent in the production of vitamin B, pharmaceuticals, perfumes, pesticides, plastics and as a non-aqueous solvent for inorganic salts. It is also used in the photographic industry, in the extraction and refining of copper, in the textile industry, in lithium batteries, for the extraction of fatty acids from animal and vegetable oils, and in analytical chemistry laboratories.
However, increasing demand for substitute products is a major restraint hindering market growth worldwide.
Market Segmentation:
By application, the acetonitrile market is segmented into agrochemical, pharmaceutical, analytical & extraction industry, and others. Pharmaceuticals is expected to grab the largest market share in the forecast period because it is regarded as a key solvent in the pharmaceutical industry. Adding to this, increased demand for recrystallization of drugs from the pharmaceutical industry is the other key driving factor for the market growth. Acetonitrile (MeCN) is a core solvent in the chemical industries, particularly the pharmaceutical industry, where the global demand accounts maximum share of the total market. It is a good solvent because of its ability to dissolve a wide variety of fine chemical and pharmaceutical ingredients.
By type, the acetonitrile market is classified into solvents and derivatives. The global acetonitrile market size by type was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.
Download free Report Sample: https://www.datamintelligence.com/download-sample/acetonitrile-market
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
Asia Pacific is expected to grow with a high CAGR rate in the forecast period. R&D activities and investments on pesticides and new medicines for improvement and development is the major driving factor for the market growth.
Competitive Analysis:
Some of the major players include Avantor Performance Materials, LLC, Imperial Chemical Corporation, Connect Chemicals GmbH, Nantong Acetic Acid Chemical Co., Ltd., GFS Chemicals, Inc., Asahi Kasei, Formosa Plastic Corporation, Tedia Company, Inc., INOES AG AND Mitsubishi Chemical Corporation.
Enquire about the report: https://www.datamintelligence.com/enquiry/acetonitrile-market
View Full Report Sample: https://www.datamintelligence.com/research-report/acetonitrile-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results