Acetonitrile Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 By Type (Derivative Acetonitrile and Solvent Acetonitrile), By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others), By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock), By Region and Competition

Abstract
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.
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.

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:
oDerivative Acetonitrile
oSolvent Acetonitrile
•Acetonitrile Market, By Application:
oPharmaceutical
oAgrochemical
oButadiene Extraction
oResearch & Development
oOthers
• Acetonitrile Market, By Purpose:
oReagent
oReaction Solvent
oExtraction Solvent
oFeedstock
•Acetonitrile Market, By Region:
oEurope
France
Germany
United Kingdom
Sweden
Denmark
Switzerland
oNorth America
United States
Canada
Mexico
oAsia-Pacific
China
India
Japan
Australia
South Korea
oMiddle East and Africa
Saudi Arabia
UAE
Qatar
oSouth 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).

Content
Table of Contents

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
8.4.5.2.1.By Type
8.4.5.2.2.By Application
8.4.5.2.3.By Purpose
9.Middle East and Africa Acetonitrile Market Outlook
9.1.Market Size & Forecast
9.1.1.By Value & Volume
9.2.Market Share & Forecast
9.2.1.By Type (Derivative Acetonitrile and Solvent Acetonitrile)
9.2.2.By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)
9.2.3.By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)
9.2.4.By Country
9.3.Pricing Analysis
9.4.Asia-Pacific: Country Analysis
9.4.1.Saudi Arabia Acetonitrile Market Outlook
9.4.1.1.Market Size & Forecast
9.4.1.1.1.By Value & Volume
9.4.1.2.Market Share & Forecast
9.4.1.2.1.By Type
9.4.1.2.2.By Application
9.4.1.2.3.By Purpose
9.4.2.UAE Acetonitrile Market Outlook
9.4.2.1.Market Size & Forecast
9.4.2.1.1.By Value & Volume
9.4.2.2.Market Share & Forecast
9.4.2.2.1.By Type
9.4.2.2.2.By Application
9.4.2.2.3.By Purpose
9.4.3.Qatar Acetonitrile Market Outlook
9.4.3.1.Market Size & Forecast
9.4.3.1.1.By Value & Volume
9.4.3.2.Market Share & Forecast
9.4.3.2.1.By Type
9.4.3.2.2.By Application
9.4.3.2.3.By Purpose
10.South America Acetonitrile Market Outlook
10.1.Market Size & Forecast
10.1.1.By Value & Volume
10.2.Market Share & Forecast
10.2.1.By Type (Derivative Acetonitrile and Solvent Acetonitrile)
10.2.2.By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)
10.2.3.By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)
10.2.4.By Country
10.3.Pricing Analysis
10.4.South America: Country Analysis
10.4.1.Brazil Acetonitrile Market Outlook
10.4.1.1.Market Size & Forecast
10.4.1.1.1.By Value & Volume
10.4.1.2.Market Share & Forecast
10.4.1.2.1.By Type
10.4.1.2.2.By Application
10.4.1.2.3.By Purpose
10.4.2.Argentina Acetonitrile Market Outlook
10.4.2.1.Market Size & Forecast
10.4.2.1.1.By Value & Volume
10.4.2.2.Market Share & Forecast
10.4.2.2.1.By Type
10.4.2.2.2.By Application
10.4.2.2.3.By Purpose
10.4.3.Colombia Acetonitrile Market Outlook
10.4.3.1.Market Size & Forecast
10.4.3.1.1.By Value & Volume
10.4.3.2.Market Share & Forecast
10.4.3.2.1.By Type
10.4.3.2.2.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