According to the latest report by IMARC Group, titled “Acetonitrile Market: Global Industry Trends, Share, Size, Growth, O...," the global acetonitrile market reached a volume of 142 Kilotons in 2021. On account of the aforementioned factors, the market size is expected to reach a volume of 189 Kilotons by 2027, exhibiting a CAGR of 4.8% during 2022-2027.

Acetonitrile (C₂H₃N), or methyl cyanide (MeCN) is a colorless, flammable, volatile, chemical compound. It is produced as a by-product of acrylonitrile manufacture and used as a polar aprotic solvent in organic synthesis for purification of butadiene. Acentronitrile comprises optimal chemical stability; therefore it is used  in molding plastics and high-performance liquid chromatography (HPLC). As compared to methanol, acetonitrile reacts endothermically with water and possesses a higher elution strength, due to which it is widely used as a cleaning agent for semiconductors and for extracting fatty acids from animal or vegetable oils.

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Global Acetonitrile Market Trends:

One of the key factors driving the market growth is the widespread adoption of acetonitrile as extractive distillation solutions in the pharmaceutical sector for drug crystallization and synthesizing of vitamins and insecticides. Additionally, acetonitrile finds extensive application in refining copper, acrylic fibers, lithium batteries, ultraviolet (UV) spectroscopy and polyacrylamide, which, in turn, is propelling the market growth. Other factors, such as  the rising uptake of the compound in the petrochemical industry to extract oleochemicals and the increasing incorporation of acetonitrile in personal care and cosmetic items, such as acrylic nail removers and perfumes, are anticipated to support the market growth.

Market Summary:

• On the basis of the end use, the market has been classified into pharmaceuticals, analytical industry, agrochemicals, extraction industry, and others. Amongst these, pharmaceutical industry represents the biggest end-user.
• Based on region, the market is dominated by Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and Others), followed by North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and Others) Latin America (Brazil, Mexico and Others), and Middle East and Africa.
• The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include INEOS, 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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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

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