Market Overview:

Acetonitrile Market size is expected to grow moderately during the forecast period (2018-2023). The Asia and Pacific market is expected to grow faster among all other regions

Market Drivers and Restraints:

Acetonitrile is a fresh product for many industries, such as the pharmaceutical and biotechnology industry, various additives for specialty chemicals, HPLC and the electronics industry. The increasing demand of these industries has stimulated a bit of the growth of the market. Besides, the growing demand for acetonitrile derivatives such as acrylic fibers, polyacrylamide, and acrylic plastics is also one of the reasons for market growth. The growth of the pharmaceutical and biotechnology industries has driven the growth of this market. Every day, a new type of medication is prepared to cure various ailments. The acetonitrile market is expected to post potential growth in the recycling industry, which will also stimulate market growth. The increase in prices, the strong fluctuations in the availability of materials and irregular supplies have affected the growth of the market. The use of many other alternative solvents and stringent environmental policies is also one of the reasons for the slowdown in market growth.

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Acetonitrile Market Segmented as:

By Type:

• Derivatives
• Solvents

By Application:

• Pharmaceutical
• Analytic & Extraction
• Agrochemicals

Acetonitrile Market Geographical segmentation:

By geography, the market is segmented in Latin America, Asia Pacific, Europe, North America, the Middle East, and Africa. Asia and the Pacific region is expected to experience the fastest growth in the forecast period (2018-2023), both in terms of volume and size. It is perceived as a market center for key market players, and the sudden increase of the pharmaceutical and biotechnology industry in the region is responsible for the growth of this region. Agrochemicals are also one of the reasons for growth in this region. Due to the rapid growth of the economies, China and India are expected to be the leading market owners in this region.

Acetonitrile Market Key Market Players:

Here are some key players in the acetonitrile market: INEOS (United Kingdom), Asahi Kasei (Japan), CNPC Jilin Chemical Group (China), Imperial Chemical Corporation, AlzChem AG, Dow Du Pont (United States of America), Purification Technologies Inc., Sigma-Aldrich, Sterling Chemicals, JT Baker Chemical, GFS Chemicals Inc., Alchemist, BP Chemicals, Continental Industries Group Inc., NeuChem Inc. and Filo Chemical Incorporated. INEOS (United Kingdom) is a global manufacturer of petrochemical products, specialty chemicals, and petroleum products. It has 34 companies, each with significant assets in the chemical sector. Manufactures and markets acetonitriles throughout the world. It has a wide range of co-products based on acetonitrile, such as:

• Oxazole is a useful additive in oils and solvents for many industries.
• Hydrogen cyanide (HCN)
• Acetone cyanohydrins (ACH)

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The Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

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