Global Acetonitrile Market | Enhancing Huge Growth and Latest Trends by Top Players

According to the latest report by IMARC Group titled, “Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a volume of 113 Kilotons in 2018 growing at a CAGR of 4.8% during 2011-2018. Looking forward, the market is expected to grow at a CAGR of around 4% during 2019-2024, reaching a volume of 143 Kilotons by 2024.

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Acetonitrile (C₂H₃N), also known as methyl cyanide and ethanenitrile, is a colorless, volatile and toxic solvent. It is a highly flammable chemical and being the simplest organic nitrile, is miscible with water and most of the organic solvents. Since acetonitrile is safe and takes less time to dehydrate, it is used as an alternative to propylene oxide and ethanol in tissue processing for transmission electron microscopy (TEM).

Acetonitrile is utilized in the plastic industry to produce pure acrylonitrile and acrylonitrile butadiene styrene (ABS) plastic. The regulated level of acetonitrile in this plastic provides high tensile, impact strength, and optimal resistance against various chemicals, which in turn is creating a positive impact on the growth of the market. Besides this, the aqueous form of acetonitrile is used in the agriculture industry as an extraction solvent. Apart from this, in the pharmaceutical industry, it is employed as a raw material to synthesize carbonate drugs, vitamin A and B1, amino acids and, cortisone. Also, it is useful in producing antibiotics and insulin, and as a solvent in DNA synthesis. Furthermore, it helps in treating infections in the lower respiratory tract, skin tissues, and various bacterial septicemia.

Explore full report with table of contents: https://www.imarcgroup.com/acetonitrile-technical-material-market-report

Key Market Segmentation: 

Breakup by End Use:

• Pharmaceuticals
• Analytical Industry
• Agrochemicals
• Extraction Industry
• Others

Breakup by Region:

• Asia Pacific
• Europe
• North America
• Middle East and Africa
• Latin America

Competitive Landscape

The report has also examined the competitive landscape of global acetonitrile market. Some of the major players in the market are INEOS AG, Asahi Kasei Corporation, Formosa Plastic Corporation, Imperial Chemical Corporation, Nova Molecular Technologies, Inc., Tedia Company, Inc., Avantor Performance Materials, LLC, Shanghai Secco Petrochemical Company Limited, Qingdao Shida Chemical Co., Ltd., Nantong Acetic Acid Chemical Co., Ltd., and Taekwang Industrial Co., Ltd., etc.

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Key highlights of the report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players

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Created on Nov 25th 2019 22:54. Viewed 332 times.

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