According to the IMARC Group, titled ” Global Acetonitrile Market Report and Forecast 2019-2024 “, the market size reached a volume of 134 Kilotons in 2020. Acetonitrile, also known as methyl cyanide or ethanenitrile, is a colorless, volatile, flammable and toxic solvent. It is the simplest organic nitrile and can be mixed with water along with most organic solvents. It also exhibits high miscibility with alcohol, acetone and epoxy resin without any interference with epoxy polymerization. It is used as an alternative to propylene oxide and ethanol in tissue processing for transmission electron microscopy (TEM) as it is safer and requires less time to dehydrate.
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Global Acetonitrile Market Trends:
Acronitrile butadiene Styrene (ABS) There has been an increase in the demand for ABS worldwide. Moreover, aqueous acetonitrile is the preferred extraction solvent which is used in the agricultural sector to synthesize pesticide residues from agrarian samples. Apart from this, the escalating demand for acetonitrile is being supported by the rising popularity of the solvent in high-performance liquid chromatography which is an analytical technique used for separating, identifying and quantifying a component in a mixture.
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- The market for acetonitrile has been segmented on the basis of the end use analytical, agrochemical and extraction industries. Amongst these, acetonitrile is most commonly used in the pharmaceutical industry in the form of solvent reaction, reagent and solvent extraction.
- Asia Pacific represents the largest market for acetonitrile, holding the majority of the total market share. This can be attributed to the growing production of generic pharmaceuticals across the region. Other major markets include North America, Europe, Middle East and Africa, and Latin America.
- 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., and Taekwang Industrial Co., Ltd.
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