According to ChemAnalyst report, “Global Acetonitrile Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Sales Channel, Regional Demand, Company Share, 2015-2032”, The Acetonitrile market is likely to grow at a CAGR of 4.08% in the forecast period and reach roughly 270 thousand tonnes by 2032. In the upcoming years, the market for Acetonitrile is anticipated to grow due to rising demand from end-use industries such as Pharmaceuticals, Analytical Industry, and Extraction. Acetonitrile is an excellent solvent and widely employed for manufacturing drugs.  

Acetonitrile is a chemical compound with formula CH₃CN. It is colourless, flammable, and volatile chemical. It is the most basic organic nitrile which is toxic in nature. This chemical is miscible with the majority of the organic solvents. It is produced as a by-product of the production of acrylonitrile. Although, Ammoxidation process is the most commonly employed process for synthesizing Acetonitrile. Acetonitrile is employed as a polar aprotic solvent in the purification of butadiene. It is used to manufacture pesticides as well. Its applications include for manufacturing pharmaceuticals, plastics casting and moulding, fragrance, vegetable and animal oil fatty acid extraction, and others.    

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Moreover, the increase in demand for Acetonitrile on the global scale is majorly due to its properties such as solubility and flammability. It is widely used as a solvent in pharmaceuticals. Cortisone, Vitamins A and B, carbonate medicines, and certain amino acids are synthesized using acetonitrile as a precursor. The Pharmaceuticals Industry is the biggest end-user market of Acetonitrile. In the coming times, the growth in demand for drugs and medicines is anticipated to propel the demand for Acetonitrile in the forecast period. Furthermore, the utilization of Acetonitrile as a solvent for the synthesis of a wide range of chemicals, including acetamide, acetaldehyde, acetic acid, and more, is anticipated to further fuel the demand for Acetonitrile in the forecast period. Its usage for High Performance Liquid Chromatography (HPLC) is also an impressive application. With rapid technological advancements in HPLC, the technique has gained prominence in analytical industry, is expected to push up the overall Acetonitrile demand in the future.

The Acetonitrile market is segmented based on end-use, sales channel, and region Based on the end-user industry, the Acetonitrile market is segmented into Pharmaceuticals, Analytical Industry, Extraction, and Others. Among these, Pharmaceuticals is dominating the market and consumed approximately 70% of the market in 2022. Acetonitrile is used as a solvent to produce insulin and antibiotics, such as third-generation cephalosporins. The usage of Acetonitrile in HPLC Solvents and Extraction agent in DNA & RNA synthesis are also impressive applications.

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Asia Pacific is the leading consumer of Acetonitrile among all other regions. The application of Acetonitrile as a solvent for manufacturing medicines is the primary driver of the growing demand for Acetonitrile in this region. Moreover, Asia Pacific is also the leading producer of Acetonitrile with China being the key manufacturer.

 “Global Acetonitrile Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Sales Channel, Regional Demand, Company Share, 2015-2032”, the significant players functional in the Acetonitrile market include Ineos Nitriles, Asahi Kasei Corporation, Jilin Petrochemical Company, Shanghai SECCO Petrochemical Company Limited, Nantong Acetic Acid Chemical Co., Ltd, Balaji Amines, AnQore, Jiangsu Sailboat Petrochemical Co., Ltd, Sinopec, Formosa Plastics Corporation, Shandong Shida Hongyi Chemical Co., Ltd, Zibo Jinma Chemical Factory, Hebi Saike Chemical Co., Ltd., and Others.

 “The rapidly increasing demand for Acetonitrile as a solvent in pharmaceuticals and as a mobile solvent for High Performance Liquid Chromatography (HPLC) is expected to boost the Acetonitrile market in the forecast period until 2032. Due to ease of solvation, Acetonitrile finds its application in the manufacturing of various drugs like Vitamins A and B, carbonate medicines, certain amino acids, and antibiotics, which is anticipated to boost the Acetonitrile demand in the forecast period. ” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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