Acetonitrile Market Size, Share, Growth, Industry Trends, Analysis & Forecast

Global Acetonitrile Market Size, Share, Growth, Industry Trends, Competitive Analysis and Forecast to 2030

Report ID: RC12469 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: July 6th, 2023

The global acetonitrile market size was accounted for around USD 250 million in 2020 and projected to grow at a significant CAGR of over 4.5% during the forecast period 2021 to 2027. The booming pharmaceutical industry across the globe is a primary factor to drive the market growth. Furthermore, the increasing use of acetonitrile in the production of agrochemicals and pesticides is projected to propel the market in the upcoming years. However, the rising demand for its substitute product prionil is projected to hamper the market over the forecast period.

Market Snapshot:

Benchmark Year		2022
Market Size		~ USd 250 Million in 2020
Market Growth (CAGR)		> 4.5% (2023-2030)
Largest Market Share
Analysis Period		2020-2030
Market Players		Avantor Performance Materials, AnQore, Dupont, Honeywell International Inc, and Imperial Chemical Corporation

Market Drivers:

Pharmaceutical and Chemical Industries: Acetonitrile is widely used as a solvent in the pharmaceutical and chemical industries. It is valued for its ability to dissolve a wide range of organic compounds and its compatibility with various chemical reactions and separations. The demand for acetonitrile in these industries is driven by factors such as drug manufacturing, research and development activities, and chemical synthesis.

Growing Demand for Agrochemicals: Acetonitrile finds applications in the production of agrochemicals, including herbicides, insecticides, and fungicides. It is used as a solvent and a raw material for the synthesis of active ingredients in these agricultural chemicals. The increasing global demand for agrochemicals to support food production and crop protection contributes to the demand for acetonitrile.

Chemical Analysis and Laboratory Applications: Acetonitrile is commonly used as a solvent and mobile phase in chromatography and spectroscopy techniques for chemical analysis. It is favored for its low UV absorbance, volatility, and miscibility with water and organic solvents. The growth of analytical laboratories, research institutions, and quality control processes drives the demand for acetonitrile in chemical analysis.

Demand from the Electronics Industry: Acetonitrile is used in the electronics industry for cleaning and degreasing applications. It helps remove contaminants, oils, and greases from electronic components and circuit boards. The expansion of the electronics industry, driven by advancements in technology, consumer demand for electronic devices, and the rise of the Internet of Things (IoT), contributes to the demand for acetonitrile.

Solvent Applications in Other Industries: Acetonitrile serves as a solvent in various other industries, such as paints and coatings, adhesives, polymers, and specialty chemicals. It aids in the formulation and processing of these products. The growth of these industries contributes to the demand for acetonitrile as a versatile solvent.

Shift Towards Green Technologies: The demand for greener and more sustainable chemicals and solvents influences the acetonitrile market. Industries are seeking alternatives to traditional solvents that have environmental concerns. This shift towards greener technologies creates opportunities for bio-based or eco-friendly solvents that can partially replace acetonitrile.

Regional Economic Growth: Economic growth, industrialization, and urbanization in various regions drive the demand for acetonitrile. Emerging economies with expanding manufacturing and industrial sectors, such as China, India, and Southeast Asian countries, contribute significantly to the demand for acetonitrile.

Supply Chain Dynamics and Raw Material Availability: The availability and pricing of raw materials used in the production of acetonitrile, such as propylene and ammonia, can impact the market. Supply chain dynamics, including feedstock availability, production capacities, and trade relationships, influence the supply and pricing of acetonitrile.

Market Insights:

The global acetonitrile market is bifurcated by type, application, and geography. On the basis of type, the market is further segmented into derivative and solvent type acetonitrile. The derivative type segment is expected to grow at a significant growth rate over the forecast period due to the increasing consumption of acetonitrile in the production of nutrition and antibacterial products. Moreover, the increasing demand for derivative types acetonitrile as ingredients for chemical synthesis, including thiamine, acetophenone, and acetamide, is expected to drive the segment growth in upcoming years.

On the basis of application, the global acetonitrile market is classified into pharmaceutical, agrochemical, extraction, and other applications. The pharmaceuticals segment held the largest market share in 2020 and projected to grow at a significant growth rate over the forecast period. The increasing use of acetonitrile in the pharmaceutical industry due to its increasing use in the production of antibiotics, insulin, and others. The agrochemical segment is accounted to hold a significant market share due to increasing consumption as a raw material in pesticide production.

The acetonitrile comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global acetonitrile market size and forecast were obtained by using “Bottom-up” and “Top-down” approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions.

The acetonitrile market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2020 to 2027.

Market Segmentation:

By Type:

Derivative Type
Solvent Type

By Application:

Pharmaceuticals
Analytical Industry
Agrochemicals
Extraction
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage:

Geographically, the acetonitrile market report comprises dedicated sections centering on the regional market revenue and trends. The acetonitrile market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The acetonitrile market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Acetonitrile market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2020 – 2027.

Competition Assessment:

Key players operating in the global acetonitrile market are Avantor Performance Materials, AnQore, Dupont, Honeywell International Inc, and Imperial Chemical Corporation. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

Avantor Performance Materials
AnQore
Dupont
Honeywell International Inc.
Imperial Chemical Corporation
INEOS
Nova Molecular Technologies
Asahi Kasei Medical Company Limited
CNPC Jilin Chemical Corporation Limited
AlzChem AG

Key Questions Answered by Acetonitrile Market Report:

Global acetonitrile market forecasts from 2021-2027
Regional acetonitrile market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
Acetonitrile submarket forecasts from 2021-2027 covering the market by type, by application, and geography
Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the acetonitrile market
Analysis of the key factors driving and restraining the growth of the global, regional and country-level acetonitrile markets from 2021-2027
Competitive Landscape and market positioning of top 10 players operating in the acetonitrile market

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Acetonitrile Market Portraiture
2.2. Global Acetonitrile Market, by Type, 2020 (USD Mn)
2.3. Global Acetonitrile Market, by Application, 2020 (USD Mn)
2.4. Global Acetonitrile Market, by Geography, 2020 (USD Mn)

3. Global Acetonitrile Market Analysis

3.1. Acetonitrile Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis

4. Global Acetonitrile Market By Type, 2018 – 2027 (USD Mn)

4.1. Overview
4.2. Derivative Type
4.3. Solvent Type

5. Global Acetonitrile Market By Application, 2018 – 2027 (USD Mn)

5.1. Overview
5.2. Pharmaceuticals
5.3. Analytical Industry
5.4. Agrochemicals
5.5. Extraction
5.6. Others

6. Global Acetonitrile Market, By Geography, 2018 – 2027 (USD Mn)

6.1. Introduction
6.2. North America
6.2.1. Overview
6.2.2. North America Acetonitrile Market by Type (2018-2027 USD Mn)
6.2.3. North America Acetonitrile Market by Application (2018-2027 USD Mn)
6.2.4. North America Acetonitrile Market by Country (2018-2027 USD Mn)
6.2.4.1. U.S.
6.2.4.2. Canada
6.3. Europe
6.3.1. Overview
6.3.2. Europe Acetonitrile Market by Type (2018-2027 USD Mn)
6.3.3. Europe Acetonitrile Market by Application (2018-2027 USD Mn)
6.3.4. Europe Acetonitrile Market by Country (2018-2027 USD Mn)
6.3.4.1. Germany
6.3.4.2. U.K.
6.3.4.3. France
6.3.4.4. Italy
6.3.4.5. Rest of Europe
6.4. Asia Pacific
6.4.1. Overview
6.4.2. Asia Pacific Acetonitrile Market by Type (2018-2027 USD Mn)
6.4.3. Asia Pacific Acetonitrile Market by Application (2018-2027 USD Mn)
6.4.4. Asia Pacific Acetonitrile Market by Country (2018-2027 USD Mn)
6.4.4.1. China.
6.4.4.2. Japan
6.4.4.3. Rest of Asia Pacific
6.5. Latin America (LATAM)
6.5.1. Overview
6.5.2. Latin America Acetonitrile Market by Type (2018-2027 USD Mn)
6.5.3. Latin America Acetonitrile Market by Application (2018-2027 USD Mn)
6.5.4. Latin America Acetonitrile Market by Country (2018-2027 USD Mn)
6.5.4.1. Brazil
6.5.4.2. Mexico
6.5.4.3. Rest of Latin America
6.6. Middle East and Africa
6.6.1. Overview
6.6.2. MEA Acetonitrile Market by Type (2018-2027 USD Mn)
6.6.3. MEA Acetonitrile Market by Application (2018-2027 USD Mn)
6.6.4. Middle East and Africa Acetonitrile Market, by Country (2018-2027 USD Mn)
6.6.4.1. GCC
6.6.4.2. Rest of MEA

7. Company Profiles

7.1. Avantor Performance Materials
7.1.1. Business Description
7.1.2. Financial Health and Budget Allocation
7.1.3. Product Positions/Portfolio
7.1.4. Recent Development
7.1.5. SWOT Analysis
7.2. AnQore
7.2.1. Business Description
7.2.2. Financial Health and Budget Allocation
7.2.3. Product Positions/Portfolio
7.2.4. Recent Development
7.2.5. SWOT Analysis
7.3. Dupont
7.3.1. Business Description
7.3.2. Financial Health and Budget Allocation
7.3.3. Product Positions/Portfolio
7.3.4. Recent Development
7.3.5. SWOT Analysis
7.4. Honeywell International Inc
7.4.1. Business Description
7.4.2. Financial Health and Budget Allocation
7.4.3. Product Positions/Portfolio
7.4.4. Recent Development
7.4.5. SWOT Analysis
7.5. Imperial Chemical Corporation
7.5.1. Business Description
7.5.2. Financial Health and Budget Allocation
7.5.3. Product Positions/Portfolio
7.5.4. Recent Development
7.5.5. SWOT Analysis
7.6. INEOS
7.6.1. Business Description
7.6.2. Financial Health and Budget Allocation
7.6.3. Product Positions/Portfolio
7.6.4. Recent Development
7.6.5. SWOT Analysis
7.7. Nova Molecular Technologies
7.7.1. Business Description
7.7.2. Financial Health and Budget Allocation
7.7.3. Product Positions/Portfolio
7.7.4. Recent Development
7.7.5. SWOT Analysis
7.8. Asahi Kasei Medical Company Limited
7.8.1. Business Description
7.8.2. Financial Health and Budget Allocation
7.8.3. Product Positions/Portfolio
7.8.4. Recent Development
7.8.5. SWOT Analysis
7.9. CNPC Jilin Chemical Corporation Limited
7.9.1. Business Description
7.9.2. Financial Health and Budget Allocation
7.9.3. Product Positions/Portfolio
7.9.4. Recent Development
7.9.5. SWOT Analysis
7.10. AlzChem AG
7.10.1. Business Description
7.10.2. Financial Health and Budget Allocation
7.10.3. Product Positions/Portfolio
7.10.4. Recent Development
7.10.5. SWOT Analysis

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List of Tables:

TABLE 1 Market Snapshot: Global Acetonitrile Market

TABLE 2 Impact Indicators

TABLE 3 Impact Analysis of Drivers and Challenges

TABLE 4 Global Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 5 Global Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 6 North America Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 7 North America Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 8 North America Acetonitrile Market Value, By Country, 2018 - 2027 (US$ Mn)

TABLE 9 U.S. Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 10 U.S. Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 11 Canada Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 12 Canada Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 13 Europe Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 14 Europe Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 15 Europe Acetonitrile Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 16 Germany Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 17 Germany Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 18 U.K. Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 19 U.K. Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 20 France Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 21 France Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 22 Italy Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 23 Italy Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 24 Rest of Europe Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 25 Rest of Europe Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 26 Asia Pacific Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 27 Asia Pacific Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 28 Asia Pacific Acetonitrile Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 29 Japan Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 30 Japan Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 31 China Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 32 China Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 33 Rest of Asia Pacific Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 34 Rest of Asia Pacific Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 35 Latin America Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 36 Latin America Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 37 Latin America Acetonitrile Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 38 Brazil Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 39 Brazil Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 40 Mexico Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 41 Mexico Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 42 Rest of Latin America Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 43 Rest of Latin America Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 44 Middle East & Africa Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 45 Middle East & Africa Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 46 Middle East & Africa Acetonitrile Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 47 GCC Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 48 GCC Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 49 Rest of MEA Acetonitrile Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 50 Rest of MEA Acetonitrile Market Value, by Application, 2018 - 2027 (US$ Mn)

TABLE 51 Avantor Performance Materials: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 52 AnQore: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 53 Dupont: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 54 Honeywell International Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 55 Imperial Chemical Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 56 INEOS: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 57 Nova Molecular Technologies: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 58 Asahi Kasei Medical Company Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 59 CNPC Jilin Chemical Corporation Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 60 AlzChem AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

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List of Figures:

FIG. 1 Global Acetonitrile: Market Segmentation

FIG. 2 Global Acetonitrile Market: Research Methodology

FIG. 3 Top-Down and Bottom-up Approach

FIG. 4 Global Acetonitrile Market, by Type, 2019 (US$ Mn)

FIG. 5 Global Acetonitrile Market, by Application, 2019 (US$ Mn)

FIG. 6 Global Acetonitrile Market, by Geography, 2019 (US$ Mn)

FIG. 7 Global Acetonitrile Market Value and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)

FIG. 8 Attractive Investment Proposition, by Geography, 2017

FIG. 9 Market Positioning of Key Acetonitrile Providers, 2019

FIG. 10 Global Acetonitrile Market Value Share, by Type, 2018 & 2027 (%)

FIG. 11 Global Acetonitrile Market Value for Derivative Type, 2018 - 2027, (US$ Mn)

FIG. 12 Global Acetonitrile Market Value for Solvent Type, 2018 - 2027, (US$ Mn)

FIG. 13 Global Acetonitrile Market Value Share, by Application, 2018 & 2027 (Value %)

FIG. 14 Global Acetonitrile Market Value for Pharmaceuticals, 2018 - 2027, (US$ Mn)

FIG. 15 Global Acetonitrile Market Value for Analytical Industry, 2018 - 2027, (US$ Mn)

FIG. 16 Global Acetonitrile Market Value for Agrochemicals, 2018 - 2027, (US$ Mn)

FIG. 17 Global Acetonitrile Market Value for Extraction, 2018 - 2027, (US$ Mn)

FIG. 18 Global Acetonitrile Market Value for Others, 2018 - 2027, (US$ Mn)

FIG. 19 North America Acetonitrile Market Value, 2018 - 2027, (US$ Mn)

FIG. 20 Europe Acetonitrile Market Value, 2018 - 2027, (US$ Mn)

FIG. 21 Asia Pacific Acetonitrile Market Value, 2018 - 2027, (US$ Mn)

FIG. 22 LATIN America Acetonitrile Market Value, 2018 - 2027, (US$ Mn)

FIG. 23 Middle East & Africa Acetonitrile Market Value, 2018 - 2027, (US$ Mn)

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