Propionitrile market is estimated to be valued at USD 110.7 Mn in 2025, exhibiting a CAGR of 5.01% over the forecast period (2025-2032). Propionitrile is an organic compound used as an intermediate in the production of other compounds. It is a colorless liquid with an unpleasant odor similar to propionic acid. Propionitrile has a variety of industrial uses and is predominantly consumed in the production of pharmaceuticals and agrochemicals. The compound acts as an intermediate in the manufacture of various drugs including anticonvulsants, antibiotics, and anti-tumor agents as well as in the synthesis of crop protection chemicals. Rising demand from the pharmaceutical and agrochemical industries over the years is expected to drive the propionitrile market growth during the forecast period.
Market Dynamics:
The propionitrile market is expected to be driven by factors such as growing demand from the pharmaceutical and agrochemical industries where it is used as an intermediate in the manufacturing of various end-use products. Pharmaceutical companies are increasingly focusing on developing advanced drugs to cater to the needs of a rising global population which is supporting the consumption of propionitrile. Similarly, the demand for agrochemicals such as pesticides, herbicides, and fungicides is growing with increasing concerns about food security across major agriculturally centered economies. However, the availability of substitute compounds for certain applications and stringent environmental regulations regarding its production and use may restrain the market growth to a certain extent. On the positive side, research and development activities around the development of new pharmaceutical formulations and agrochemicals using propionitrile provide new opportunities for market growth over the forecast period.
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