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Global Acetonitrile Market: Overview

Acetonitrile is a colorless liquid, which is obtained as a by-product in the manufacture of acrylonitrile. It has a chemical formula of CH3CN. It is widely used in the pharmaceutical industry to synthesize new medicaments, vitamin B1, pesticides and many other products.  It is used as a polar aprotic solvent in organic synthesis and in purification of butadiene. Acetonitrile is a common two-carbon building block in organic synthesis of various useful chemicals, including acetamidine hydrochloride, thiamine, and α-napthaleneacetic acid. Its reaction with cyanogen chloride gives malononitrile. It has been used in formulations for nail polish remover, despite its toxicity

Global Acetonitrile Market: Drivers and Restraints

Rise in demand for acetonitrile in end-use industries such as pharmaceuticals and specialty chemicals is driving the acetonitrile market. Increase in demand for acetonitrile products such as acrylic fibers, polyacrylamide, and acrylic plastics is also propelling the acetonitrile market. On the other hand, fluctuation in prices of acetonitrile is expected to hamper the acetonitrile market. Rise in prices of acetonitrile owing to shortage in supply is also anticipated to hinder the acetonitrile market during the forecast period.

Based on type, the acetonitrile market can be bifurcated into derivative and solvent. In terms of value, the derivative segment is estimated to expand at a rapid pace during the forecast period.

Based on application, the acetonitrile market can be segmented into pharmaceuticals, analytical industries, agrochemicals, extraction, and others. In terms of volume, pharmaceuticals is the major end-user segment of the acetonitrile market. Acetonitrile is used as a reagent, reaction solvent, or extraction solvent in the pharmaceuticals industry. Acetonitrile is also used as a starting material to synthesize vitamins A and B1, cortisone, carbonate drugs, and some amino acids. Furthermore, acetonitrile is employed as solvent in the production of insulin and antibiotics, including third-generation cephalosporins.

Acetonitrile is also used extensively as a mobile phase in high-performance liquid chromatography (HPLC). HPLC systems offer major growth prospects in the separation of chiral systems in the pharmaceuticals industry. Minor uses include agricultural chemicals, butadiene extraction, and production of intermediates. Acetonitrile is also used as a solvent in ultraviolet (UV) spectroscopy and polarography.

Global Acetonitrile Market: Regional Outlook

In terms of geography, the acetonitrile market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to be a prominent consumer of acetonitrile during the forecast period. The market in the region is also projected to expand at a fast-paced CAGR during the forecast period.

Global Acetonitrile Market: Key Players

Key players operating in the acetonitrile market include AnQore, Avantor Performance Materials, Honeywell International Inc., Imperial Chemical Corporation, INEOS, Nova Molecular Technologies, Asahi Kasei Medical Company Limited, CNPC Jilin Chemical Corporation Limited, AlzChem AG, Dupont, Purification Technologies, Inc., Sterling Chemicals, J.T. Baker Chemicals, GFS Chemicals Inc., Achemica, BP Chemicals, Continental Industries Group Inc., NeuChem Inc., and Filo Chemical Incorporated. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Acetonitrile Market

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