Oct 6, 2022   SOURCE: BusinessWire

Global Acetonitrile Market Report 2022-2027 - Heavy Demand of Acetonitrile in its End-use Industries Driving Growth - ResearchAndMarkets.com

The "Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global acetonitrile market reached a volume of 142 Kilotons in 2021. Looking forward, the publisher expects the market to reach 189 Kilotons by 2027, exhibiting a CAGR of 4.8% during 2022-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

The report finds that the market is currently being driven by a heavy demand of acetonitrile in its end-use industries such as pharmaceuticals and HPLC applications. The report provides a comprehensive insight into the industry including its market breakup by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook.

The report has analysed and segmented the global acetonitrile market on the basis of end-uses. Its biggest end-user is the pharmaceuticals industry accounting for the majority of the total global consumption. Acetonitrile is used to synthesise certain vitamins, amino acids, cortisone, etc.

It is also used as a solvent in the production of insulin and antibiotics, tertiary-generation cephalosporins and for DNA synthesis. The second largest consumer of acetonitrile is in the HPCL applications (high-performance liquid chromatography).

Acetonitrile is also used as a solvent in UV spectroscopy and polarography, in lithium batteries, for casting and moulding of plastic materials, for the extraction of fatty acids from animal and vegetable oils, in chemical laboratories for the detection of chemical residues and for spinning fibres.

The report has analysed the global key regions of the acetonitrile market and finds Asia-Pacific as the its biggest producer, accounting for more than half of the total global production. Asia-Pacific is followed by North America and Europe. In terms of consumption, China represents the biggest consumer of acetonitrile followed by North and South America, Europe and Japan.

Import and Export:

On the basis of import and export trends, the China represents the largest global importer of acetonitrile accounting for the majority of the total global imports. The China is followed by United States, Brazil, India, United Kingdom and France.

Competitive Landscape:

Analysing the competitive landscape of the global acetonitrile market the report has found that INEOS represents the world's biggest producer of acetonitrile accounting for around a third of the total global production.

INEOS is followed by 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.

The essential aspects of the global acetonitrile market evaluated in the report include:

  • Market trends
  • Major regions
  • Impact of COVID-19
  • Key application areas
  • Key manufacturers
  • Price trends
  • Raw material requirements
  • Chemical reactions involved in the manufacturing process
  • Major importers and exporters
  • Value chain analysis
  • Market trends for major feedstocks
  • Price trends for major feedstocks
  • Key regions for major feedstocks
  • Key application areas for major feedstocks
  • Key players for major feedstocks

For more information about this report visit https://www.researchandmarkets.com/r/oyetqv