HOME Top Market Reports Acetonitrile Market by Type (Derivative and Solvent), Application (Pharmaceutical, Analytical Industry, Agrochemical, and Extraction), Region (Asia Pacific, Europe, North America, Middle East & Africa, and Latin America) - Global Forecast to 2022

Acetonitrile Market by Type (Derivative and Solvent), Application (Pharmaceutical, Analytical Industry, Agrochemical, and Extraction), Region (Asia Pacific, Europe, North America, Middle East & Africa, and Latin America) - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: December 2017
Report Code: CH 5785

 

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The acetonitrile market was valued at USD 209.1 Million in 2016 and projected to reach USD 277.1 Million by 2022, at a CAGR of 4.8% during the forecast period. Among applications, the pharmaceutical segment is expected to lead the acetonitrile market during the forecast period, in terms of value. Based on type, the derivative segment of the acetonitrile market is projected to grow at the highest CAGR between 2017 to 2022, in terms of value. The Asia Pacific region is the largest consumer of acetonitrile across the globe. In terms of value, the Asia Pacific acetonitrile market is projected to grow at the highest CAGR during the forecast period. Increasing use of acetonitrile in pharmaceutical and analytical industry applications is driving the growth of the acetonitrile market across the globe.

The objectives of this study are:

  • To define, describe, and forecast the acetonitrile market based on type, application, and region
  • To forecast the size of the acetonitrile market in terms of value and volume in Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America
  • To strategically analyze micromarkets (refer to further segments and subsegments of the acetonitrile market included in the report) with respect to individual growth trends, future prospects, and contribution to the total acetonitrile market
  • To analyze the opportunities in the acetonitrile market for the stakeholders and draw a competitive landscape for the market leaders
  • To strategically profile the key players in the acetonitrile market and comprehensively analyze their core competencies
  • To analyze competitive developments such as expansions, mergers & acquisitions, new product launches, and R&D activities in the acetonitrile market

Years that have been considered for the study are as follows:

  • Base Year – 2016
  • Estimated Year – 2017
  • Projected Year – 2022
  • Forecast Period – 2017 to 2022

For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered.

Research Methodology

This study aims to estimate the size of the acetonitrile market for 2017 and projects its demand till 2022. It also provides a detailed qualitative and quantitative analysis of the acetonitrile market. Various secondary sources such as directories, industry journals, and various associations have been used to identify and collect information useful for this extensive commercial study of the acetonitrile market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess future prospects of the acetonitrile market. The breakdown of profiles of primaries has been shown in the figure below:

Acetonitrile Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain of the acetonitrile market includes raw material suppliers and service providers. INEOS AG (Switzerland), Asahi Kasei Corporation (Japan), Nova Molecular Technologies (US), Formosa Plastics Corporation (Taiwan), Avantor Performance Materials LLC (US), and Imperial Chemical Corporation (Taiwan) are some of the leading companies operating in the acetonitrile market.

Key Target Audience

  • Manufacturers, Dealers, and Suppliers of Acetonitrile
  • Government Bodies
  • End Users
  • Suppliers of Acetonitrile
  • Companies Engaged in Material-based R&D Activities
  • Pharmaceutical Organizations
  • Feedstock Suppliers
  • Industrial Associations
  • Investment Banks
  • Consulting Companies/Consultants in the Chemicals & Materials Sector

Scope of the report: This research report categorizes the acetonitrile market based on type, application, and region. The report forecasts revenues of leading companies operating in the acetonitrile market as well as analyzes trends in various submarkets.

Acetonitrile Market, by Type:

  • Derivative
  • Solvent

Acetonitrile Market, by Application:

  • Pharmaceutical
  • Analytical Industry
  • Agrochemical
  • Extraction
  • Others

Acetonitrile Market, by Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Application Analysis
    • Further breakdown of type and application segments into different subsegments

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Growth Opportunities in the Acetonitrile Market
    4.2 Acetonitrile Market, By Type
    4.3 Acetonitrile Market, By Application and Region
    4.4 Acetonitrile Market, By Type

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Demand for Acetonitrile for Drug Recrystallization
                    5.2.1.2 Majorly Used Organic Solvent in HPLC Applications
           5.2.2 Restraints
                    5.2.2.1 Acrylonitrile-Acetonitrile By-Product Relationship
                    5.2.2.2 Increasing Demand for Substitute Product Prionil
           5.2.3 Opportunities
                    5.2.3.1 Increasing Use of Acetonitrile in Different Applications
           5.2.4 Challenges
                    5.2.4.1 Requirement of Technically Skilled Staff to Handle and Use Acetonitrile
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of Substitutes
           5.3.2 Threat of New Entrants
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Competitive Rivalry

6 Acetonitrile Market, By Type (Page No. - 37)
    6.1 Introduction
    6.2 Derivative
    6.3 Solvent

7 Acetonitrile Market, By Application (Page No. - 42)
    7.1 Introduction
    7.2 Pharmaceutical
    7.3 Analytical Industry
    7.4 Agrochemical
    7.5 Extraction
    7.6 Others

8 Acetonitrile Market, By Region (Page No. - 50)
    8.1 Introduction
    8.2 Asia Pacific
           8.2.1 China
           8.2.2 India
           8.2.3 Japan
           8.2.4 South Korea
           8.2.5 Australia
           8.2.6 Rest of Asia Pacific
    8.3 Europe
           8.3.1 Germany
           8.3.2 France
           8.3.3 UK
           8.3.4 Russia
           8.3.5 Italy
           8.3.6 Spain
           8.3.7 Rest of Europe
    8.4 North America
           8.4.1 US
           8.4.2 Canada
    8.5 Latin America
           8.5.1 Mexico
           8.5.2 Brazil
           8.5.3 Argentina
           8.5.4 Rest of Latin America
    8.6 Middle East & Africa
           8.6.1 South Africa
           8.6.2 UAE
           8.6.3 Saudi Arabia
           8.6.4 Rest of Middle East & Africa

9 Competitive Landscape (Page No. - 85)
    9.1 Overview
    9.2 Market Ranking Analysis
    9.3 Competitive Scenario
           9.3.1 Expansions
           9.3.2 Joint Ventures
           9.3.3 Acquisitions

10 Company Profiles (Page No. - 89)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     10.1 Ineos AG
     10.2 Asahi Kasei Corporation
     10.3 Formosa Plastic Corporation
     10.4 Imperial Chemical Corporation
     10.5 Nova Molecular Technologies, Inc.
     10.6 Tedia Company, Inc.
     10.7 Avantor Performance Materials, LLC
     10.8 Shanghai Secco Petrochemical Company Limited
     10.9 Qingdao Shida Chemical Co., Ltd.
     10.10 Nantong Acetic Acid Chemical Co., Ltd.
     10.11 Taekwang Industrial Co., Ltd
     10.12 Connect Chemicals GmbH
     10.13 Other Companies
             10.13.1 Concord Technology (Tianjin) Co., Ltd.
             10.13.2 Biosolve Chimie
             10.13.3 GFS Chemicals, Inc.
             10.13.4 Hunan Chem. Europe BV
             10.13.5 Jilin Provincial Chemicals Import & Export Co., Ltd.
             10.13.6 Alfa Aesar
             10.13.7 Honeywell Research Chemicals
             10.13.8 Mitsubishi Chemical Corporation
             10.13.9 Pharmco-Aaper
             10.13.10 Zibo Luzhong Chemical and Light Industry Co., Ltd.
             10.13.11 Robinson Brothers
             10.13.12 Standard Reagents Pvt. Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies

11 Appendix (Page No. - 109)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (100 Tables)

Table 1 Acetonitrile Market Snapshot, 2017 & 2022
Table 2 Acetonitrile Market, By Type, 2015-2022 (USD Million)
Table 3 Acetonitrile Market, By Type, 2015-2022 (Kilo Tons)
Table 4 Acetonitrile Derivative Market, By Region, 2015-2022 (USD Million)
Table 5 Acetonitrile Derivative Market, By Region, 2015-2022 (Kilo Tons)
Table 6 Acetonitrile Solvent Market, By Region, 2015-2022 (USD Million)
Table 7 Acetonitrile Solvent Market, By Region, 2015-2022 (Kilo Tons)
Table 8 Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 9 Acetonitrile Market, By Application, 2015-2022 (Kilo Tons)
Table 10 Acetonitrile Market in Pharmaceutical, By Region, 2015-2022 (USD Million)
Table 11 Acetonitrile Market in Pharmaceutical, By Region, 2015-2022 (Kilo Tons)
Table 12 Acetonitrile Market in Analytical Industry, By Region, 2015-2022 (USD Million)
Table 13 Acetonitrile Market in Analytical Industry, By Region, 2015-2022 (Kilo Tons)
Table 14 Acetonitrile Market in Agrochemical, By Region, 2015-2022 (USD Million)
Table 15 Acetonitrile Market in Agrochemical, By Region, 2015-2022 (Kilo Tons)
Table 16 Acetonitrile Market in Extraction, By Region, 2015-2022 (USD Million)
Table 17 Acetonitrile Market in Extraction, By Region, 2015-2022 (Kilo Tons)
Table 18 Acetonitrile Market in Others, By Region, 2015-2022 (USD Million)
Table 19 Acetonitrile Market in Others, By Region, 2015-2022 (Tons)
Table 20 Acetonitrile Market, By Region, 2015–2022 (USD Million)
Table 21 Acetonitrile Market, By Region, 2015–2022 (Kilo Tons)
Table 22 Asia Pacific By Market, By Country, 2015-2022 (USD Million)
Table 23 Asia Pacific By Market, By Country, 2015-2022 (Kilo Tons)
Table 24 Asia Pacific By Market, By Type, 2015-2022 (USD Million)
Table 25 Asia Pacific By Market, By Type, 2015-2022 (Kilo Tons)
Table 26 Asia Pacific By Market, By Application, 2015-2022 (USD Million)
Table 27 Asia Pacific By Market, By Application, 2015-2022 (Kilo Tons)
Table 28 China By Market, By Application, 2015-2022 (USD Million)
Table 29 China By Market, By Application, 2015-2022 (Tons)
Table 30 India By Market, By Application, 2015-2022 (USD Million)
Table 31 India By Market, By Application, 2015-2022 (Tons)
Table 32 Japan By Market, By Application, 2015-2022 (USD Million)
Table 33 Japan By Market, By Application, 2015-2022 (Tons)
Table 34 South Korea By Market, By Application, 2015-2022 (USD Thousand)
Table 35 South Korea By Market, By Application, 2015-2022 (Tons)
Table 36 Australia By Market, By Application, 2015-2022 (USD Thousand)
Table 37 Australia By Market, By Application, 2015-2022 (Tons)
Table 38 Rest of Asia Pacific By Market, By Application, 2015-2022 (USD Thousand)
Table 39 Rest of Asia Pacific By Market, By Application, 2015-2022 (Tons)
Table 40 Europe By Market, By Country, 2015-2022 (USD Million)
Table 41 Europe By Market, By Country, 2015-2022 (Kilo Tons)
Table 42 Europe By Market, By Type, 2015-2022 (USD Million)
Table 43 Europe By Market, By Type, 2015-2022 (Kilo Tons)
Table 44 Europe By Market, By Application, 2015-2022 (USD Million)
Table 45 Europe By Market, By Application, 2015-2022 (Kilo Tons)
Table 46 Germany By Market, By Application, 2015-2022 (USD Thousand)
Table 47 Germany By Market, By Application, 2015-2022 (Tons)
Table 48 France By Market, By Application, 2015-2022 (USD Thousand)
Table 49 France By Market, By Application, 2015-2022 (Tons)
Table 50 UK By Market, By Application, 2015-2022 (USD Thousand)
Table 51 UK By Market, By Application, 2015-2022 (Tons)
Table 52 Russia By Market, By Application, 2015-2022 (USD Thousand)
Table 53 Russia By Market, By Application, 2015-2022 (Tons)
Table 54 Italy By Market, By Application, 2015-2022 (USD Thousand)
Table 55 Italy By Market, By Application, 2015-2022 (Tons)
Table 56 Spain By Market, By Application, 2015-2022 (USD Thousand)
Table 57 Spain By Market, By Application, 2015-2022 (Tons)
Table 58 Rest of Europe By Market, By Application, 2015-2022 (USD Thousand)
Table 59 Rest of Europe By Market, By Application, 2015-2022 (Tons)
Table 60 North America By Market, By Country, 2015-2022 (USD Million)
Table 61 North America By Market, By Country, 2015-2022 (Kilo Tons)
Table 62 North America By Market, By Type, 2015-2022 (USD Million)
Table 63 North America By Market, By Type, 2015-2022 (Kilo Tons)
Table 64 North America By Market, By Application, 2015-2022 (USD Million)
Table 65 North America By Market, By Application, 2015-2022 (Kilo Tons)
Table 66 US By Market, By Application, 2015-2022 (USD Million)
Table 67 US By Market, By Application, 2015-2022 (Kilo Tons)
Table 68 Canada By Market, By Application, 2015-2022 (USD Million)
Table 69 Canada By Market, By Application, 2015-2022 (Tons)
Table 70 Latin America Acetonitrile Market, By Country, 2015-2022 (USD Million)
Table 71 Latin America By Market, By Country, 2015-2022 (Kilo Tons)
Table 72 Latin America By Market, By Type, 2015-2022 (USD Million)
Table 73 Latin America By Market, By Type, 2015-2022 (Kilo Tons)
Table 74 Latin America By Market, By Application, 2015-2022 (USD Million)
Table 75 Latin America By Market, By Application, 2015-2022 (Kilo Tons)
Table 76 Mexico By Market, By Application, 2015-2022 (USD Thousand)
Table 77 Mexico By Market, By Applications, 2015-2022 (Tons)
Table 78 Brazil By Market, By Application, 2015-2022 (USD Thousand)
Table 79 Brazil By Market, By Application, 2015-2022 (Tons)
Table 80 Argentina By Market, By Application, 2015-2022 (USD Thousand)
Table 81 Argentina By Market, By Application, 2015-2022 (Tons)
Table 82 Rest of Latin America By Market, By Application, 2015-2022 (USD Thousand)
Table 83 Rest of Latin America By Market, By Application, 2015-2022 (Tons)
Table 84 Middle East & Africa By Market, By Country, 2015-2022 (USD Million)
Table 85 Middle East & Africa By Market, By Country, 2015-2022 (Kilo Tons)
Table 86 Middle East & Africa By Market, By Type, 2015-2022 (USD Million)
Table 87 Middle East & Africa By Market, By Type, 2015-2022 (Kilo Tons)
Table 88 Middle East & Africa By Market, By Application, 2015-2022 (USD Million)
Table 89 Middle East & Africa By Market, By Application, 2015-2022 (Kilo Tons)
Table 90 South Africa By Market, By Application, 2015-2022 (USD Thousand)
Table 91 South Africa By Market, By Application, 2015-2022 (Tons)
Table 92 UAE By Market, By Application, 2015-2022 (USD Thousand)
Table 93 UAE By Market, By Application, 2015-2022 (Tons)
Table 94 Saudi Arabia By Market, By Application, 2015-2022 (USD Thousand)
Table 95 Saudi Arabia By Market, By Application, 2015-2022 (Tons)
Table 96 Rest of Middle East & Africa By Market, By Application, 2015-2022 (USD Thousand)
Table 97 Rest of Middle East & Africa By  Market, By Application, 2015-2022 (Tons)
Table 98 Expansions, 2013-2017
Table 99 Joint Ventures, 2013-2017
Table 100 Acquisitions, 2013-2017


List of Figures (31 Figures)

Figure 1 Research Design: Acetonitrile Market
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Acetonitrile Market: Data Triangulation
Figure 5 Derivative Segment Projected to Lead the Acetonitrile Market During the Forecast Period
Figure 6 Pharmaceutical Segment Expected to Lead the Acetonitrile Market During the Forecast Period
Figure 7 Asia Pacific Projected to Be Fastest-Growing Market for Acetonitrile Market During the Forecast Period
Figure 8 Increasing Demand for Acetonitrile From the Pharmaceutical Industry is Anticipated to Drive the Demand
Figure 9 Derivative Segment of the Acetonitrile Market is Projected to Grow at A Higher CAGR From 2017 to 2022
Figure 10 Pharmaceutical Segment is Estimated to Account for the Largest Share of the Acetonitrile Market in 2017
Figure 11 Derivative Type Segment is Projected to Lead the Acetonitrile Market Between 2017 and 2022
Figure 12 Acetonitrile Market Dynamics
Figure 13 Acetonitrile Market: Porter’s Five Forces Analysis
Figure 14 Derivative Segment is Projected to Grow at A Higher CAGR During the Forecast Period
Figure 15 Asia Pacific is Anticipated to Lead the Derivative Segment During the Forecast Period
Figure 16 Asia Pacific is Anticipated to Lead the Solvent Segment During the Forecast Period
Figure 17 Pharmaceutical Application Segment is Expected to Lead the Acetonitrile Market Between 2017 and 2022
Figure 18 Asia Pacific is Projected to Lead the Pharmaceutical Segment During the Forecast Period
Figure 19 Asia Pacific is Projected to Lead the Analytical Industry Segment During the Forecast Period
Figure 20 Asia Pacific is Projected to Lead the Agrochemical Segment During the Forecast Period
Figure 21 Asia Pacific is Projected to Lead the Extraction Segment During the Forecast Period
Figure 22 Asia Pacific is Projected to Lead the Others Segment During the Forecast Period
Figure 23 Regional Share of the Acetonitrile Market, 2016
Figure 24 Asia Pacific Acetonitrile Market Snapshot
Figure 25 Europe Acetonitrile Market Snapshot
Figure 26 North America Acetonitrile Market Snapshot
Figure 27 Latin America Acetonitrile Market Snapshot
Figure 28 Middle East & Africa Acetonitrile Market Snapshot
Figure 29 Ineos AG: Company Snapshot
Figure 30 Asahi Kasei Corporation: Company Snapshot
Figure 31 Formosa Plastics Corporation: Company Snapshot

The acetonitrile market is estimated to be USD 219.2 Million in 2017 and is projected to reach USD 277.1 Million by 2022, at a CAGR of 4.8% from 2017 to 2022. Flourishing pharmaceutical industry across the globe, along with increased use of acetonitrile in the analytical industry is expected to drive the growth of the acetonitrile market during the forecast period.

Based on type, the acetonitrile market has been classified into derivative and solvent. Acetonitrile is an excellent polar aprotic solvent, which has the ability to attract electrons towards itself. As a solvent, it is used for polymer spinning and casting, DNA synthesis and peptide sequencing, and non-aqueous titrations. Acetonitrile is also used as a stabilizer for chlorinated solvents and is used for the purification of wool resins.

Based on application, the acetonitrile market has been classified into pharmaceutical, analytical industry, agrochemical, extraction, and others. The pharmaceutical application segment of the acetonitrile market is projected to grow at the highest CAGR during the forecast period, in terms of value. The growth of this segment of the market can be attributed to the increased demand for recrystallization of drugs from the pharmaceutical industry.

Acetonitrile Market

The Asia Pacific region is the largest market for acetonitrile across the globe. Continuously increasing population and growing number of end-use industries in the region have also led to increased demand for acetonitrile in the Asia Pacific region. This, in turn, is fueling the growth of the Asia Pacific acetonitrile market. In addition, continuous R&D activities being carried out in the region for the development of new medicines and pesticides are also fueling the growth of the Asia Pacific acetonitrile market.

The growth of the acetonitrile market is due to flourishing pharmaceutical industry across the globe, which is the major consumer of acetonitrile. Acetonitrile is also used in agrochemicals for synthesizing vitamins and pesticides. It is used to carry out extraction of fluids from fatty acids. In the petrochemical industry, acetonitrile is used as an extractive distillation solvent. However, a limited number of direct production facilities of acetonitrile across the globe acts as a restraint to the growth of the acetonitrile market.

INEOS AG (Switzerland), Asahi Kasei Corporation (Japan), Nova Molecular Technologies (US), Formosa Plastics Corporation (Taiwan), Avantor Performance Materials LLC (US), and Imperial Chemical Corporation (Taiwan) are some of the leading companies operating in the acetonitrile market.

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