According to the latest report by IMARC Group, Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a volume of 142 Kilotons in 2021. Acetonitrile is an organic nitrile with the chemical formula CH3CN that is characterized by a clear and colorless appearance. It is a toxic solvent that is volatile and flammable in nature.
Also known as methyl cyanide or ethanenitrile, this liquid has a sweet, ethereal odor that is highly miscible with acetone, alcohol, and epoxy resin. It is widely employed as a substitute for ethanol and propylene oxide in tissue processing and an important intermediate in the manufacturing of pharmaceutical and functional materials.
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The global market is majorly driven by the increasing demand for acrylonitrile butadiene styrene (ABS) plastic across numerous industries. Since this polymer exhibits exceptional tensile and impact strength and excellent resistance against chemicals, it is widely utilized as a key component in the construction and automotive sectors.
Acetonitrile is extensively employed in the manufacturing of ABS plastic, which is providing an impetus to the market growth. The market is further driven by the growing applications of acetonitrile in the agricultural sector for the synthesis of pesticide residues from agrarian samples.
Some of the other factors contributing to the market growth include rapid industrialization and the increasing product usage in high-performance liquid chromatography (HPLC) applications. Looking forward, IMARC Group expects the global acetonitrile market to reach 189 Kilotons by 2027, exhibiting at a CAGR of 4.8% during 2022-2027.
Acetonitrile Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global acetonitrile market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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.
- Taekwang Industrial Co., Ltd
Key Market Segmentation:
The report has segmented the global acetonitrile market on the basis of key regions and end-use.
Breakup by Key Regions:
- North America
- Middle East and Africa
- Latin America
Breakup by end use:
- Analytical Industry
- Extraction Industry
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/acetonitrile-technical-material-market-report
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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