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. - 11)
    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. - 14)
    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 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 23)

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 Material and Region
    4.4 Acetonitrile Market, By Type

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Demand of Drug Recrystallization
                    5.2.1.2 Majorly Used Grade in HPLC Applications
           5.2.2 Restraints
                    5.2.2.1 Limited Number of Direct Production Facility of Acetonitrile
                    5.2.2.2 Acrylonitrile-Acetonitrile Co Product Relationship
           5.2.3 Opportunities
                    5.2.3.1 Ever Increasing Development of Pharmaceutical Industry
                    5.2.3.2 Increasing Use of Acetonitrile in Different Applications
           5.2.4 Challenges
                    5.2.4.1 Required Knowledge and Proper Safety of Acetonitrile
                    5.2.4.2 Threats From Substitute
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of Substitutes
                    5.3.1.1  Limited Number of Substitutes
                    5.3.1.2 Favourable Grade for Recrystallization and HPLC Grade
           5.3.2 Threat of New Entrants
                    5.3.2.1 Highly Consolidated Market
           5.3.3 Bargaining Power of Buyers
                    5.3.3.1 Large Number of Buyers and Increasing Application Area
           5.3.4 Bargaining Power of Suppliers
                    5.3.4.1 Few Established Players and Co Product Relationship
           5.3.5 Intensity of Competitive Rivalry
                    5.3.5.1 Experienced Market Players
    5.4 Microeconomic Indicators

6 Acetonitrile Market, By Type (Page No. - 41)
    6.1 Introduction
    6.2 Derivative
    6.3 Solvent

7 Acetonitrile Market, By Application (Page No. - 45)
    7.1 Introduction
    7.2 Market Size and Projection
    7.3 Pharmaceuticals
    7.4 Analytical Industry
    7.5 Agrochemical
    7.6 Extraction
    7.7 Others

8 Regional Analysis (Page No. - 58)
    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. - 107)
    9.1 Overview
    9.2 Market Ranking Analysis
    9.3 Competitive Situation & Trends
           9.3.1 Expansions
           9.3.2 Joint Ventures
           9.3.3 Acquisitions
           9.3.4 Research & Development

10 Company Profiles (Page No. - 111)
     10.1 Ineos AG
             10.1.1 Business Overview
             10.1.2 Products Offered
             10.1.3 Recent Developments
             10.1.4 SWOT Analysis
             10.1.5 MnM View
     10.2 Asahi Kasei Corporation
             10.2.1 Business Overview
             10.2.2 Products Offered
             10.2.3 Recent Developments
             10.2.4 SWOT Analysis
             10.2.5 MnM View
     10.3 Formosa Plastic Corporation
             10.3.1 Business Overview
             10.3.2 Products Offered
             10.3.3 Recent Developments
             10.3.4 SWOT Analysis
             10.3.5 MnM View
     10.4 Imperial Chemical Corporation
             10.4.1 Business Overview
             10.4.2 Products Offered
             10.4.3 Recent Developments
             10.4.4 SWOT Analysis
             10.4.5 MnM View
     10.5 Nova Molecular Technologies, Inc.
             10.5.1 Business Overview
             10.5.2 Products Offered
             10.5.3 Recent Developments
             10.5.4 MnM View
     10.6 Tedia Company, Inc.
             10.6.1 Business Overview
             10.6.2 Products Offered
             10.6.3 Recent Developments
             10.6.4 MnM View
     10.7 Avantor Performance Materials, LLC
             10.7.1 Business Overview
             10.7.2 Products Offered
             10.7.3 Recent Developments
             10.7.4 MnM View
     10.8 Shanghai Secco Petrochemical Company Limited
             10.8.1 Business Overview
             10.8.2 Products Offered
             10.8.3 Recent Developments
             10.8.4 MnM View
     10.9 Qingdao Shida Chemical Co., Ltd.
             10.9.1 Business Overview
             10.9.2 Products Offered
             10.9.3 Recent Development
             10.9.4 MnM View
     10.10 Nantong Acetic Acid Chemical Co., Ltd.
             10.10.1 Business Overview
             10.10.2 Products Offered
             10.10.3 Recent Developments
             10.10.4 MnM View
     10.11 Taekwang Industrial Co., Ltd
             10.11.1 Business Overview
             10.11.2 Products Offered
             10.11.3 Recent Developments
     10.12 Connect Chemicals GmbH
             10.12.1 Business Overview
             10.12.2 Products Offered
             10.12.3 Recent Developments
             10.12.4. Concord Technology (Tianjin) Co., Ltd.
             10.12.5 Biosolve Chimie
             10.12.6 Gfs Chemicals, Inc.,
             10.12.7 Central Marble Products
             10.12.8 Jilin Provincial Chemicals Import & Export Co., Ltd.
             10.12.9 Alfa Aesar
             10.12.10 Honeywell Research Chemicals
             10.10.11 Mitsubishi Chemical Corporation
             10.10.12 Pharmco-Aaper
             10.10.13 Zibo Luzhong Chemical and Light Industry Co., Ltd.
             10.10.14 Meganite Inc.
             10.10.15 Standard Reagents Pvt. Ltd.
             10.10.16 Standard Reagents Pvt. Ltd.

11 Appendix (Page No. - 145)
     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 (102 Tables)

Table 1 Acetonitrile Market Snapshot
Table 2 Europe Pharmaceutical Industry-Key Indicators of the Economic Footprint
Table 3 Acetonitrile Market, By Type, 2015-2022 (USD Million)
Table 4 Acetonitrile Market, By Type, 2015-2022 (Kilotons)
Table 5 Derivative Market, By Region, 2015-2022 (USD Million)
Table 6 Derivative Market, By Region, 2015-2022 (Kilotons)
Table 7 Solvent Market, By Region, 2015-2022 (USD Million)
Table 8 Solvent Market, By Region, 2015-2022 (Kilotons)
Table 9 Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 10 Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 11 Acetonitrile Market in Pharmaceutical, By Region, 2015-2022 (USD Million)
Table 12 Acetonitrile Market in Pharmaceutical, By Region, 2015-2022 (Kilotons)
Table 13 Acetonitrile Market in Analytical Industry, By Region, 2015-2022 (USD Million)
Table 14 Acetonitrile Market in Analytical Industry, By Region, 2015-2022 (Kiloton)
Table 15 Acetonitrile Market in Agrochemical, By Region, 2015-2022 (USD Million)
Table 16 Acetonitrile Market in Agrochemical, By Region, 2015-2022 (Kilotons)
Table 17 Acetonitrile Market in Extraction, By Region, 2015-2022 (USD Million)
Table 18 Acetonitrile Market in Extraction, By Region, 2015-2022 (Kilotons)
Table 19 Acetonitrile Market in Others, By Region, 2015-2022 (USD Million)
Table 20 Acetonitrile Market in Others, By Region, 2015-2022 (Kilotons)
Table 21 By Market, By Region, 2015–2022 (USD Million)
Table 22 By Market, By Region, 2015–2022 (Kilotons)
Table 23 Asia Pacific Acetonitrile Market, By Country, 2015-2022 (USD Million)
Table 24 Asia Pacific By Market, By Country, 2015-2022 (Kilotons)
Table 25 Asia Pacific By Market, By Type, 2015-2022 (USD Million)
Table 26 Asia Pacific By Market, By Type, 2015-2022 (Kilotons)
Table 27 Asia Pacific By Market, By Application, 2015-2022 (USD Million)
Table 28 Asia Pacific By Market, By Material, 2015-2022 (Kilotons)
Table 29 China Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 30 China Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 31 India Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 32 India Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 33 Japan Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 34 Japan Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 35 South Korea By Market, By Application, 2015-2022 (USD Million)
Table 36 South Korea By Market, By Application, 2015-2022 (Kilotons)
Table 37 Australia Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 38 Australia Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 39 Rest of Asia Pacific Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 40 Rest of Asia Pacific Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 41 Europe By Market, By Country, 2015-2022 (USD Million)
Table 42 Europe By Market, By Country, 2015-2022 (Kilotons)
Table 43 Europe By Market, By Type, 2015-2022 (USD Million)
Table 44 Europe By Market, By Type, 2015-2022 (Kilotons)
Table 45 Europe By Market, By Application, 2015-2022 (USD Million)
Table 46 Europe By Market, By Application, 2015-2022 (Kilotons)
Table 47 Germany By Market, By Application, 2015-2022 (USD Million)
Table 48 Germany By Market, By Application, 2015-2022 (Kilotons)
Table 49 France By Market, By Application, 2015-2022 (USD Million)
Table 50 France By Market, By Application, 2015-2022 (Kilotons)
Table 51 UK By Market, By Application, 2015-2022 (USD Million)
Table 52 UK By Market, By Application, 2015-2022 (Kilotons)
Table 53 Russia By Market, By Application, 2015-2022 (USD Million)
Table 54 Russia By Market, By Application, 2015-2022 (Kilotons)
Table 55 Italy By Market, By Application, 2015-2022 (USD Million)
Table 56 Italy By Market, By Application, 2015-2022 (Kilotons)
Table 57 Spain By Market, By Application, 2015-2022 (USD Million)
Table 58 Spain By Market, By Applications, 2015-2022 (Kilotons)
Table 59 Rest of Europe By  Market, By Application, 2015-2022 (USD Million)
Table 60 Rest of Europe By Market, By Application, 2015-2022 (Kilotons)
Table 61 North America By  Market, By Country, 2015-2022 (USD Million)
Table 62 North America By  Market, By Country, 2015-2022 (Kilotons)
Table 63 North America By Market, By Type, 2015-2022 (USD Million)
Table 64 North America By Market, By Type, 2015-2022 (Kilotons)
Table 65 North America By Market, By Application, 2015-2022 (USD Million)
Table 66 North America By Market, By Application, 2015-2022 (Kilotons)
Table 67 US By Market, By Application, 2015-2022 (USD Million)
Table 68 US By Market, By Application, 2015-2022 (Kilotons)
Table 69 Canada By Market, By Application, 2015-2022 (USD Million)
Table 70 Canada By Market, By Application, 2015-2022 (Kilotons)
Table 71 Latin America  By Market, By Country, 2015-2022 (USD Million)
Table 72 Latin America  By Market, By Country, 2015-2022 (Kilotons)
Table 73 Latin America  By Market, By Type, 2015-2022 (USD Million)
Table 74 Latin America  By Market, By Type, 2015-2022 (Kilotons)
Table 75 Latin America  By Market, By Application, 2015-2022 (USD Million)
Table 76 Latin America  By  Market, By Material, 2015-2022 (Kilotons)
Table 77 Mexico By Market, By Application, 2015-2022 (USD Million)
Table 78 Mexico By Market, By Applications, 2015-2022 (Kilotons)
Table 79 Brazil By Market, By Application, 2015-2022 (USD Million)
Table 80 Brazil By Market, By Application, 2015-2022 (Kilotons)
Table 81 Argentina By Market, By Application, 2015-2022 (USD Million)
Table 82 Argentina By Market, By Application, 2015-2022 (Kilotons)
Table 83 Rest of Latin America By Market, By Application, 2015-2022 (USD Million)
Table 84 Rest of Latin America By Market, By Application, 2015-2022 (Kilotons)
Table 85 Middle East & Africa By Market, By Country, 2015-2022 (USD Million)
Table 86 Middle East & Africa By Market, By Country, 2015-2022 (Kilotons)
Table 87 Middle East & Africa By  Market, By Type, 2015-2022 (USD Million)
Table 88 Middle East & Africa By  Market, By Type, 2015-2022 (Kilotons)
Table 89 Middle East & Africa By  Market, By Application, 2015-2022 (USD Million)
Table 90 Middle East & Africa By Market, By Application, 2015-2022 (Kilotons)
Table 91 South Africa By Market, By Application, 2015-2022 (USD Million)
Table 92 South Africa By Market, By Application, 2015-2022 (Kilotons)
Table 93 UAE Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 94 UAE Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 95 Saudi Arabia By Market, By Application, 2015-2022 (USD Million)
Table 96 Saudi Arabia By Market, By Application, 2015-2022 (Kilotons)
Table 97 Rest of Middle East & Africa By Market, By Application, 2015-2022 (USD Million)
Table 98 Rest of Middle East & Africa By Market, By Application, 2015-2022 (Kilotons)
Table 99 Expansions, 2012-2017
Table 100 Partnerships and Joint Ventures, 2011-2017
Table 101 Acquisitions, 2011-2016
Table 102 Research & Development, 2011-2016


List of Figures (44 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 Acetonitrile Market, By Type, 2017 vs 2022
Figure 6 Acetonitrile Market, By Region and By Application, 2017
Figure 7 Acetonitrile Market, By Application, 2017 vs 2022
Figure 8 Acetonitrile Market, By Region 2017
Figure 9 Increasing Demand for Acetonitrile From the Pharmaceutical Industry is Anticipated to Drive the Market Growth
Figure 10 The Derivative Segment Type of the Acetonitrile Market is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 11 The Alumina Trihydrate Material Segment is Estimated to Account for the Largest Share of the Acetonitrile Market in 2017
Figure 12 The Solid Surface Type Segment is Projected to Lead the Acetonitrile Market Between 2017 and 2022
Figure 13 Acetonitrile Market Dynamics
Figure 14 Acetonitrile Market: Porter’s Five Forces Analysis
Figure 15 The Derivative Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Asia Pacific is Anticipated to Lead the Derivative Segment During the Forecast Period
Figure 17 Asia Pacific is Anticipated to Lead the Solvent Segment During the Forecast Period
Figure 18 Pharmaceutical Segment is Expected to Lead the Acetonitrile Market Between 2017 & 2022
Figure 19 The Asia Pacific Region is Projected to Lead the Pharmaceutical Market During the Forecast Period
Figure 20 The Asia Pacific Region is Projected to Lead the Analytical Industry of the Acetonitrile Market During the Forecast Period
Figure 21 The Asia Pacific Region is Projected to Lead the Agrochemical Segment of the Acetonitrile Market During the Forecast Period
Figure 22 The Asia Pacific Region is Projected to Lead the Extraction Segment of the Acetonitrile Market During the Forecast Period
Figure 23 The Asia Pacific Region is Projected to Lead the Others Segment of the Acetonitrile Market During the Forecast Period
Figure 24 Acetonitrile Market Share, By Region, 2016
Figure 25 Asia Pacific Acetonitrile Market Snapshot
Figure 26 Europe Acetonitrile Market Snapshot
Figure 27 North America Acetonitrile Market Snapshot
Figure 28 Latin America Acetonitrile Market Snapshot
Figure 29 Middle East & Africa Acetonitrile Market Snapshot
Figure 30 Ineos AG: Company Snapshot
Figure 31 Ineos AG: SWOT Analysis
Figure 32 Asahi Kasei: SWOT Analysis
Figure 33 Formosa Plastics Corporation: Company Snapshot
Figure 34 Formosa Plastic Corporation: SWOT Analysis
Figure 35 Imperial Chemical Corporation: Company Snapshot
Figure 36 Imperial Chemical Corporation: SWOT Analysis
Figure 37 Nova Molecular Technologies, Inc.
Figure 38 Tedia Company, Inc.: Company Snapshot
Figure 39 Avantor Performance Materials, LLC: Company Snapshot
Figure 40 Shanghai Secco Petrochemical Company Limited: Company Snapshot
Figure 41 Qingdao Shida Chemical Co., Ltd.: Company Snapshot
Figure 42 Nantong Acetic Acid Chemical Co., Ltd.: Company Snapshot
Figure 43 Taekwang Industrial Co., Ltd: Company Snapshot
Figure 44 Connect Chemicals GmbH: 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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