Acetonitrile Market By Size, Share, Trends, Growth Forecast 2028

Report Description

Global Acetonitrile Market is anticipated to witness robust growth in the forecast period, 2024-2028. The global acetonitrile market is expanding due to continuous demand from different end-user industries, such as pharmaceuticals, specialty chemicals, electronics, HPLC applications, and biotechnological applications. Acetonitrile is a principal component in the pharmaceutical industry. Queen's University Belfast states that the pharmaceutical industry captures 70% of the global acetonitrile market. An increase in acetonitrile demand is due to various factors, such as its excellent solvation ability and properties like low freezing, boiling points, and toxicity.

Acetonitrile's use in liquid chromatography analyses is rising because of its exceptional physicochemical properties for separation and detection. However, much junk material is generated from fluid chromatography analysis using acetonitrile. Therefore, alternative substitutes like acetone and Ethyl Lactate are also entering the market due to their lesser carbon footprint and similar physicochemical properties as acetonitrile.

Additionally, acetonitrile use in the petrochemical industry further stimulates market growth. It is fully miscible in water and can diffuse completely with complex compounds like carbon tetrachloride, chloroform, acetone, ether, ethanol, and ethylene chloride. Therefore, it is used to separate C4-hydrocarbons and olefin-diolefin mixtures. According to the International Energy Agency (IEA), petrochemicals will account for over a third of the growth in oil demand by 2030. Further, petrochemicals will consume 56 billion cubic meters of natural gas by 2030, nearly equal to half of Canada’s total gas consumption.

Increasing Demand from Various End-User Industries:

Due to its remarkable physical and chemical qualities, including low viscosity and low freezing/boiling point, acetonitrile finds significant application in the pharmaceutical sector as a critical solvent in manufacturing antibiotics and drug recrystallization. One of the primary factors driving the global acetonitrile market is the increasing use of acetonitrile in pharmaceutical and analytical sector applications. As per the European Federation of Pharmaceutical Industries and Associations (EFPIA), In 2021, North America accounted for 49.1% of world pharmaceutical sales compared with 23.4% for Europe. In addition, in 2020, the pharmaceutical industry invested more than USD 39,600 million in R&D in Europe. All these factors are propelling the growth of the market.

Mergers & Acquisitions

· Brenntag acquired Matrix Chemical, LLC, a North American solvent distributor and the largest acetone distributor in North America, in 2021. Most of the customer base is in countries such as the United States and Canada. These items are utilized in various industries, including personal care, adhesives, and paint & coatings.

Recent Development’s

· Recently, scientists and researchers have developed a new process to produce acetonitrile from renewable sources that are sustainable and eco-friendly for the environment. Acetonitrile is made through ethanol ammoxidation and utilizes a lesser amount of ammonia. Ethanol is used as a reactant, as it is easily accessible from the fermentation process and can be used without further purification requirements.

Market Segmentation

Global Acetonitrile Market is segmented based on Type, Applications and Purpose. Based on Type, the market is divided into Derivative Acetonitrile and Solvent Acetonitrile. Based on Application, the market is fragmented into Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others. Based on Purpose the market is segmented into Reagent, Reaction Solvent, Extraction Solvent, Feedstock.

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Market players

Filo Chemical Inc., Neuchem Inc., Continental Industries Group, Sterling Chemicals, Inc.

DuPont de Nemours, Inc., CNPC Jilin Chemical Corp Ltd, Avantor Performance Materials LLC, Imperial Chemical Corporation, Asahi Kasei Medical Company Limited and Nova Molecular Technologies are some of the key players operating in the market.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022 and 2023-2028
Report coverage	Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· By Type · By Application · By Purpose
Regional scope	Europe, North America, Asia Pacific, Middle East & Africa, South America
Country scope	Germany; France; United Kingdom; Russia; Sweden; Denmark; Switzerland; United States; Canada; Mexico; China; India; Japan; Australia; South Korea; South Africa; UAE, Saudi Arabia; Brazil ; Argentina ; Colombia
Key companies profiled	Filo Chemical Inc., Neuchem Inc., Continental Industries Group, Sterling Chemicals, Inc., DuPont de Nemours, Inc., CNPC Jilin Chemical Corp Ltd, Avantor Performance Materials LLC, Imperial Chemical Corporation, Asahi Kasei Medical Company Limited and Nova Molecular Technologies
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Acetonitrile Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· Acetonitrile Market, By Type:

Derivative Acetonitrile
Solvent Acetonitrile

· Acetonitrile Market, By Application:

Pharmaceutical
Agrochemical
Butadiene Extraction
Research & Development
Others

Acetonitrile Market, By Purpose:

Reagent
Reaction Solvent
Extraction Solvent
Feedstock

Acetonitrile Market, By Region:

Europe

France
Germany
United Kingdom
Sweden
Denmark
Switzerland

North America

United States
Canada
Mexico

Asia-Pacific

China
India
Japan
Australia
South Korea

Middle East and Africa

Saudi Arabia
UAE
Qatar

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Acetonitrile Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Acetonitrile Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Acetonitrile Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Type (Derivative Acetonitrile and Solvent Acetonitrile)

5.2.2. By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)

5.2.3. By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)

5.2.4. By Region (Europe, Asia Pacific, North America, Middle East & Africa)

5.2.5. By Company (2022)

5.3. Market Map

5.3.1. By Type

5.3.2. By Application

5.3.3. By Purpose

5.3.4. By Region

5.4. Pricing Analysis

6. Europe Acetonitrile Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type (Derivative Acetonitrile and Solvent Acetonitrile)

6.2.2. By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)

6.2.3. By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)

6.2.4. By Country

6.3. Pricing Analysis

6.4. Europe: Country Analysis

6.4.1. France Acetonitrile Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value & Volume

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Type

6.4.1.2.2. By Application

6.4.1.2.3. By Purpose

6.4.2. Germany Acetonitrile Market Outlook

6.4.2.1. Market Size & Forecast

6.4.2.1.1. By Value & Volume

6.4.2.2. Market Share & Forecast

6.4.2.2.1. By Type

6.4.2.2.2. By Application

6.4.2.2.3. By Purpose

6.4.3. United Kingdom Acetonitrile Market Outlook

6.4.3.1. Market Size & Forecast

6.4.3.1.1. By Value & Volume

6.4.3.2. Market Share & Forecast

6.4.3.2.1. By Type

6.4.3.2.2. By Application

6.4.3.2.3. By Purpose

6.4.4. Sweden Acetonitrile Market Outlook

6.4.4.1. Market Size & Forecast

6.4.4.1.1. By Value & Volume

6.4.4.2. Market Share & Forecast

6.4.4.2.1. By Type

6.4.4.2.2. By Application

6.4.4.2.3. By Purpose

6.4.5. Denmark Acetonitrile Market Outlook

6.4.5.1. Market Size & Forecast

6.4.5.1.1. By Value & Volume

6.4.5.2. Market Share & Forecast

6.4.5.2.1. By Type

6.4.5.2.2. By Application

6.4.5.2.3. By Purpose

6.4.6. Switzerland Acetonitrile Market Outlook

6.4.6.1. Market Size & Forecast

6.4.6.1.1. By Value & Volume

6.4.6.2. Market Share & Forecast

6.4.6.2.1. By Type

6.4.6.2.2. By Application

6.4.6.2.3. By Purpose

7. North America Acetonitrile Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Type (Derivative Acetonitrile and Solvent Acetonitrile)

7.2.2. By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)

7.2.3. By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)

7.2.4. By Country

7.3. Pricing Analysis

7.4. North America: Country Analysis

7.4.1. United States Acetonitrile Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value & Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Type

7.4.1.2.2. By Application

7.4.1.2.3. By Purpose

7.4.2. Canada Acetonitrile Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value & Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Type

7.4.2.2.2. By Application

7.4.2.2.3. By Purpose

7.4.3. Mexico Acetonitrile Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value & Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Type

7.4.3.2.2. By Application

7.4.3.2.3. By Purpose

8. Asia-Pacific Acetonitrile Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Type (Derivative Acetonitrile and Solvent Acetonitrile)

8.2.2. By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)

8.2.3. By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)

8.2.4. By Country

8.3. Pricing Analysis

8.4. Asia-Pacific: Country Analysis

8.4.1. China Acetonitrile Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value & Volume

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Type

8.4.1.2.2. By Application

8.4.1.2.3. By Purpose

8.4.2. India Acetonitrile Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value & Volume

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Type

8.4.2.2.2. By Application

8.4.2.2.3. By Purpose

8.4.3. Japan Acetonitrile Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value & Volume

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Type

8.4.3.2.2. By Application

8.4.3.2.3. By Purpose

8.4.4. South Korea Acetonitrile Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value & Volume

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Type

8.4.4.2.2. By Application

8.4.4.2.3. By Purpose

8.4.5. Australia Acetonitrile Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value & Volume

8.4.5.2. Market Share & Forecast

1.1.1.1.1. By Type

1.1.1.1.2. By Application

1.1.1.1.3. By Purpose

9. Middle East and Africa Acetonitrile Market Outlook

9.1.1. Saudi Arabia Acetonitrile Market Outlook

9.1.1.1. Market Size & Forecast

9.1.1.1.1. By Value & Volume

9.1.1.2. Market Share & Forecast

9.1.1.2.1. By Type

9.1.1.2.2. By Application

9.1.1.2.3. By Purpose

9.1.2. UAE Acetonitrile Market Outlook

9.1.2.1. Market Size & Forecast

9.1.2.1.1. By Value & Volume

9.1.2.2. Market Share & Forecast

9.1.2.2.1. By Type

9.1.2.2.2. By Application

9.1.2.2.3. By Purpose

9.1.3. Qatar Acetonitrile Market Outlook

9.1.3.1. Market Size & Forecast

9.1.3.1.1. By Value & Volume

9.1.3.2. Market Share & Forecast

9.1.3.2.1. By Type

9.1.3.2.2. By Application

9.1.3.2.3. By Purpose

10. South America Acetonitrile Market Outlook

10.1.1. Brazil Acetonitrile Market Outlook

10.1.1.1. Market Size & Forecast

10.1.1.1.1. By Value & Volume

10.1.1.2. Market Share & Forecast

10.1.1.2.1. By Type

10.1.1.2.2. By Application

10.1.1.2.3. By Purpose

10.1.2. Argentina Acetonitrile Market Outlook

10.1.2.1. Market Size & Forecast

10.1.2.1.1. By Value & Volume

10.1.2.2. Market Share & Forecast

10.1.2.2.1. By Type

10.1.2.2.2. By Application

10.1.2.2.3. By Purpose

10.1.3. Colombia Acetonitrile Market Outlook

10.1.3.1. Market Size & Forecast

10.1.3.1.1. By Value & Volume

10.1.3.2. Market Share & Forecast

10.1.3.2.1. By Type

10.1.3.2.2. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Mergers & Acquisitions

12.2. Product Developments

12.3. Technological Advancements

13. Global Acetonitrile Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Business Overview

15.2. Company Snapshot

15.3. Products & Services

15.4. Financials (In case of listed companies)

15.5. Recent Developments

15.6. SWOT Analysis

15.6.1. Filo Chemical Inc.

15.6.2. Neuchem Inc.

15.6.3. Continental Industries Group

15.6.4. Sterling Chemicals, Inc.

15.6.5. DuPont de Nemours, Inc.

15.6.6. CNPC Jilin Chemical Corp Ltd

15.6.7. Avantor Performance Materials LLC

15.6.8. Imperial Chemical Corporation

15.6.9. Asahi Kasei Medical Company Limited

15.6.10. Nova Molecular Technologies

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers for the Acetonitrile Market?

Increasing demand from End-User Industries for Acetonitrile is expected to drive the Global Acetonitrile Market in the forecast period.

Who are the top players operating in the Acetonitrile Market?

Filo Chemical Inc., Neuchem Inc., Continental Industries Group, Sterling Chemicals, Inc., DuPont de Nemours, Inc., CNPC Jilin Chemical Corp Ltd, Avantor Performance Materials LLC, Imperial Chemical Corporation, Asahi Kasei Medical Company Limited and Nova Molecular Technologies are some of the key players operating in the market.

Which Application is expected to dominate the Acetonitrile Market in the forecast period?

Based on Application market is divided into Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others. The Pharmaceutical Segment is expected to capture the highest market share in the forecast period.

Which region is expected to account for the largest Acetonitrile Market share?

The North America region is dominating the market and is expected to maintain its dominance over the next five years.