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Acetonitrile Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type; by Application and Geography

  • ID: 5023754
  • Report
  • April 2020
  • Region: Global
  • 152 pages
  • The Insight Partners
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FEATURED COMPANIES

  • Anqore BV
  • Ineos AG
  • Tedia Company
  • MORE
The global acetonitrile market accounted for US$ 236.18 Mn in 2018 and is expected to grow at a CAGR of 5.1% from 2019 to 2027, to reach US$ 368.60 Mn by 2027. Acetonitrile, otherwise called methyl cyanide or ethanenitrile, is a dull, unpredictable, combustible, and lethal dissolvable. It is the least difficult natural nitrile and can be blended in with water alongside most natural solvents. It additionally shows high miscibility with liquor, CH3)2CO, and epoxy gum with no obstruction with epoxy polymerization. This colorless liquid is the simplest organic nitrile (although hydrogen cyanide is even simpler, the cyanide anion is not classed as organic) to synthesize.

Based on application, the acetonitrile market has been segmented into pharmaceuticals, analytical industry, agrochemical, extraction, and others. In 2018, the pharmaceuticals segment dominated the acetonitrile market in 2018, and it is projected to exhibit the highest CAGR in the market during the forecast period. The growth of the segment is primarily attributed to the growing use of acetonitrile in synthesis of active pharmaceutical ingredients (APIs). It is used as a reagent, solvent or extraction solvent, and starting material for synthesizing vitamin A, vitamin B1, cortisone, carbonate drugs, and several amino acids. About 50% of acetonitrile produced is used in the production of insulin and antibiotics, including third-generation cephalosporins. It is also used in the manufacture of synthetic pharmaceuticals. The increasing demand for nutrition and antibacterial medication leads to the growth in the demand for acetonitrile in pharmaceutical applications.

The acetonitrile market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South America. In 2018, Asia Pacific contributed to the largest share in the global acetonitrile market. The growth of the acetonitrile market in this region is primarily attributed to rapid growth in manufacturing industries in a diverse range of sectors, which includes agricultural, pharmaceuticals, and oil and refinery. The rising demand for pharmaceuticals, agrochemicals, and petrochemicals among the developing countries such as India and China has a great impact on acetonitrile market in this region. The substance is majorly used as high-performance liquid chromatography (HPLC) solvent, and the rising use of HPLC for biotechnological applications is further expected to boost the demand for acetonitrile in the coming years.

The impact of recent COVID-19 outbreak that started in Wuhan (China) in December 2019 has spread all over the globe rapidly. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the most detectably frightful influenced nations with high affirmed cases and pronounced deaths as of April 2020. As indicated by the most recent WHO figures, there are ~ 2,719,896 affirmed cases and 187,705 mortalities caused by this pandemic all around the world. COVID-19 has affected economies and undertakings in different nations, on account of lockdowns, travel bans, and business shutdowns. The global chemicals and materials is one of the industries facing most rough impact of these conditions. These factors have unimaginably affected the worldwide acetonitrile market growth.

AnQore B. V; Imperial Chemical Corporation; Honeywell International Inc. ; INEOS AG; MITSUBISHI CHEMICAL CORPORATION; Nova Molecular Technologies; and Taekwang Industrial Co Ltd; are among the major players in the global acetonitrile market.

The overall global acetonitrile market size has been derived in accordance to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the acetonitrile market

Reasons to Buy
  • Highlights key business priorities to assist companies realign their business strategies.
  • Features key findings and crucial progressive industry trends in the global acetonitrile market, thereby allowing players to develop effective long-term strategies.
  • Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
  • Scrutinizes in-depth market trends as well as key market drivers and restraints.
  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Anqore BV
  • Ineos AG
  • Tedia Company
  • MORE
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:

4. Acetonitrile Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 South America PEST Analysis
4.3 Expert Opinions

5. Acetonitrile Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Importance of acetonitrile in the industrial and pharmaceutical industry
5.1.2 Good solvent properties of acetonitrile to boost its demand in the global market
5.2 Restraints
5.2.1 Increasing Demand for Substitute Products
5.3 Opportunities:
5.3.1 Growing demand from the developing countries
5.4 Trend
5.4.1 Production of acetonitrile from bio-ethanol ammoxidation
5.5 Impact Analysis

6. Acetonitrile - Global Market Analysis
6.1 Acetonitrile Market Overview
6.2 Acetonitrile Market-Revenue and Forecast to 2027 (US$ Mn)
6.3 Competitive Positioning - Key Market Players

7. Global Acetonitrile Market Analysis - By Type
7.1 Overview
7.2 Global Acetonitrile Market, by Type, (2019 and 2027)
7.3 Derivative
7.3.1 Overview
7.3.2 Derivative: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
7.4 Solvent
7.4.1 Overview
7.4.2 Solvent: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)

8. Global Acetonitrile Market Analysis - By Application
8.1 Overview
8.2 Global Acetonitrile Market Breakdown, By Application, (2019 and 2027)
8.3 Pharmaceutical
8.3.1 Overview
8.3.2 Pharmaceutical: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
8.4 Analytical Industry
8.4.1 Overview.
8.4.2 Analytical Industry: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
8.5 Agrochemical
8.5.1 Overview
8.5.2 Agrochemical: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
8.6 Extraction
8.6.1 Overview
8.6.2 Extraction: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)

9. Acetonitrile Market - Geographic Analysis
9.1 Overview
9.2 North America: Acetonitrile Market
9.2.1 North America: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
9.2.2 North America: Acetonitrile Market ,by Type
9.2.3 North America: Acetonitrile Market, by Application
9.2.4 North America: Acetonitrile Market, by Key Country
9.2.4.1 US: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.2.4.1.1 US: Acetonitrile Market, by Type
9.2.4.1.2 US: Acetonitrile Market, by Application
9.2.4.2 Canada: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.2.4.2.1 Canada: Acetonitrile Market, by Type
9.2.4.2.2 Canada: Acetonitrile Market, by Application
9.2.4.3 Mexico: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.2.4.3.1 Mexico: Acetonitrile Market, by Type
9.2.4.3.2 Mexico: Acetonitrile Market, by Application
9.3 Europe: Acetonitrile Market
9.3.1 Europe: Acetonitrile Market -Revenue and Forecast to 2027(US$ Mn)
9.3.2 Europe: Acetonitrile Market, by Type
9.3.3 Europe: Acetonitrile Market, by Application
9.3.4 Europe: Acetonitrile Market, by Key Country
9.3.4.1 Germany: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.3.4.1.1 Germany: Acetonitrile Market, by Type
9.3.4.1.2 Germany: Acetonitrile Market, by Application
9.3.4.2 France: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.3.4.2.1 France: Acetonitrile Market, by Type
9.3.4.2.2 France: Acetonitrile Market, by Application
9.3.4.3 Italy: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.3.4.3.1 Italy: Acetonitrile Market, by Type
9.3.4.3.2 Italy: Acetonitrile Market, by Application
9.3.4.4 UK: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.3.4.4.1 UK: Acetonitrile Market, by Type
9.3.4.4.2 UK: Acetonitrile Market, by Application
9.3.4.5 Russia: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.3.4.5.1 Russia: Acetonitrile Market, by Type
9.3.4.5.2 Russia: Acetonitrile Market, by Application
9.3.4.6 Rest of Europe: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.3.4.6.1 Rest of Europe: Acetonitrile Market, by Type
9.3.4.6.2 Rest of Europe: Acetonitrile Market, by Application
9.4 Asia Pacific: Acetonitrile Market
9.4.1 Asia Pacific: Acetonitrile Market - Revenue and Forecast to 2027(US$ Mn)
9.4.2 Asia Pacific: Acetonitrile Market, by Type
9.4.3 Asia Pacific: Acetonitrile Market, by Application
9.4.4 Asia Pacific: Acetonitrile Market, by Key Country
9.4.4.1 China: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.4.4.1.1 China: Acetonitrile Market, by Type
9.4.4.1.2 China: Acetonitrile Market, by Application
9.4.4.2 Australia: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.4.4.2.1 Australia: Acetonitrile Market, by Type
9.4.4.2.2 Australia: Acetonitrile Market, by Application
9.4.4.3 Japan: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.4.4.3.1 Japan: Acetonitrile Market, by Type
9.4.4.3.2 Japan: Acetonitrile Market, by Application
9.4.4.4 India: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.4.4.4.1 India: Acetonitrile Market, by Type
9.4.4.4.2 India: Acetonitrile Market, by Application
9.4.4.5 South Korea: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.4.4.5.1 South Korea: Acetonitrile Market, by Type
9.4.4.5.2 South Korea: Acetonitrile Market, by Application
9.4.4.6 Rest of Asia Pacific: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.4.4.6.1 Rest of Asia Pacific: Acetonitrile Market, by Type
9.4.4.6.2 Rest of Asia Pacific: Acetonitrile Market, by Application
9.5 MEA: Acetonitrile Market
9.5.1 MEA: Acetonitrile Market - Revenue and Forecast to 2027(US$ Mn)
9.5.2 MEA: Acetonitrile Market, by Type
9.5.3 MEA: Acetonitrile Market, by Application
9.5.4 MEA: Acetonitrile Market, by Key Country
9.5.4.1 South Africa: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.5.4.1.1 South Africa: Acetonitrile Market, by Type
9.5.4.1.2 South Africa: Acetonitrile Market, by Application
9.5.4.2 Saudi Arabia: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.5.4.2.1 Saudi Arabia: Acetonitrile Market, by Type
9.5.4.2.2 Saudi Arabia: Acetonitrile Market, by Application
9.5.4.3 UAE: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.5.4.3.1 UAE: Acetonitrile Market, by Type
9.5.4.3.2 UAE: Acetonitrile Market, by Application
9.5.4.4 Rest of MEA: Acetonitrile Market -Revenue and Forecast to 2027 (US$ Mn)
9.5.4.4.1 Rest of MEA: Acetonitrile Market, by Type
9.5.4.4.2 Rest of MEA: Acetonitrile Market, by Application
9.6 South America (SAM): Acetonitrile Market
9.6.1 South America (SAM): Acetonitrile Market-Revenue and Forecast to 2027 (US$ Mn)
9.6.2 South America (SAM): Acetonitrile Market, by Type
9.6.3 South America (SAM): Acetonitrile Market, by Application
9.6.4 South America (SAM): Acetonitrile Market Breakdown, by Key Countries
9.6.4.1 Brazil: Acetonitrile Market - Revenue and Forecasts to 2027 (US$ Mn)
9.6.4.1.1 Brazil: Acetonitrile Market, by Type
9.6.4.1.2 Brazil: Acetonitrile Market, by Application
9.6.4.2 Argentina: Acetonitrile Market - Revenue and forecast Forecasts to 2027 (US$ Mn)
9.6.4.2.1 Argentina: Acetonitrile Market, by Type
9.6.4.2.2 Argentina: Acetonitrile Market, by Application
9.6.4.3 Rest of SAM: Acetonitrile Market - Revenue and forecast Forecasts to 2027 (US$ Mn)
9.6.4.3.1 Rest of SAM: Acetonitrile Market, by Type
9.6.4.3.2 Rest of SAM: Acetonitrile Market, by Application

10. Impact of COVID-19 Pandemic on Global Acetonitrile Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact assessment of COVID-19 Pandemic
10.6 South America: Impact assessment of COVID-19 Pandemic

11. Company Profiles
11.1 AnQore B.V.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 Concord Technology (Tianjin) Co., Ltd.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 FORMOSA Plastic Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Imperial Chemical Corporation
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Honeywell International Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 INEOS AG
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 MITSUBISHI CHEMICAL CORPORATION
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.8 Nova Molecular Technologies
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.9 Taekwang Industrial Co Ltd
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.10 Tedia Company, Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis

12. Appendix
12.1 About the Publisher
12.2 Glossary
Note: Product cover images may vary from those shown
3 of 3
  • Anqore BV
  • Concord Technology (Tianjin) Co., Ltd.
  • Formosa Plastic Corporation
  • Honeywell International Inc
  • Imperial Chemical Corporation
  • Ineos AG
  • Mitsubishi Chemical Corporation
  • Nova Molecular Technologies
  • Taekwang Industrial Co. Ltd.
  • Tedia Company
Note: Product cover images may vary from those shown
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