Published: 2019-10-01   Views: 9
Author: ojasdbmr
Published in: Business

Global Acetonitrile Market is expected to rise from its initial estimated value of USD 232.47 million in 2018 to an estimated value of USD 345.30 million by 2026, registering a CAGR of 5.07% in the forecast period of 2019-2026. This rise in market value can be attributed to the innovations and advancements in the methods of production, which has resulted in recycling of acetonitrile.

Acetonitrile is known as a chemical compound, that is used in the production of various pharmaceuticals and as a solvent in high-performance liquid chromatography. It also finds its application as a raw material for the production of various end-use products. It is a colourless chemical compound with a sweet odour CH3CN.

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Competitive Analysis: Global Acetonitrile Market

Global acetonitrile market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of acetonitrile market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Acetonitrile Market

Few of the major competitors currently working in acetonitrile market are Biosolve Chimie; Avantor, Inc.; Asahi Kasei Corporation; Imperial Chemical Corporation; GREENFIELD GLOBAL INC.; INEOS; Connect Chemicals; secco.com.cn; Honeywell International Inc.; Robinson Brothers; Hunan Chem. Europe B.V.; Alfa Aesar, Thermo Fisher Scientific; GFS Chemicals, Inc.; Jilin Provincial Chemicals Import & Export Co.,Ltd.; Standard Reagents Pvt.Ltd; Mitsubishi Chemical Corporation; Zibo Luzhong Chemical Light Industry Co., Ltd.; Formosa Plastics Corp; Nova Molecular Technologies; Tedia Company; TAEKWANG INDUSTRIAL CO.,LTD.; Nantong Acetic Acid Chemical Co., Ltd. and PetroChina Company Limited.

Market Segmentation: Global Acetonitrile Market

  • By Type (Derivative, Solvent)
  • By Application (Organic Synthesis, Specialty Chemicals, HPLC Solvents, Pharmaceutical, Extraction, DNA & RNA Synthesis, Others)
  • By End-User (Pharmaceutical Industry, Analytical Industry, Agricultural Industry, Others)
  • By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Market Drivers:

  • High growth and demand from pharmaceutical industry due to its use in drug recrystallization; this factor is expected to drive the market growth
  • Increased demand for the product from the plastics manufacturers is driving the growth of the market

Market Restraints:

  • Shortage in supply of the product increasing the price of the product which restrains the growth of the market
  • Growth in adoption and preference of available substitutes to the product is expected to restrain the market growth

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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