Acetonitrile

Acetonitrile

Global Acetonitrile Market to Reach US$402.3 Million by 2030

The global market for Acetonitrile estimated at US$284.0 Million in the year 2023, is expected to reach US$402.3 Million by 2030, growing at a CAGR of 5.1% over the analysis period 2023-2030. Pharmaceuticals Application, one of the segments analyzed in the report, is expected to record a 5.8% CAGR and reach US$174.9 Million by the end of the analysis period. Growth in the Analytical Industry Application segment is estimated at 5.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$38.5 Million While China is Forecast to Grow at 6.1% CAGR

The Acetonitrile market in the U.S. is estimated at US$38.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$144.6 Million by the year 2030 trailing a CAGR of 6.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Global Acetonitrile Market - Key Trends & Drivers Summarized

Acetonitrile is a highly versatile organic solvent widely utilized in various industrial and laboratory applications due to its unique chemical properties. It is a colorless liquid with a distinctive ether-like odor and is known for its high polarity, low viscosity, and excellent ability to dissolve a wide range of compounds. These characteristics make acetonitrile an essential solvent in high-performance liquid chromatography (HPLC), a critical technique used in analytical chemistry for separating, identifying, and quantifying components in a mixture. Beyond its pivotal role in HPLC, acetonitrile is also employed in the production of pharmaceuticals, agrochemicals, and synthetic fibers. Its effectiveness in extracting and purifying organic compounds further underscores its importance in both industrial processes and research environments.

The market is driven by the rising demand for lithium batteries, polarography, UV spectroscopy, polymer products, and speciality solvents. In the petrochemicals industry, acetonitrile grades are extensively employed in the separation and extractive distillation of C4 hydrocarbons as well as olefin-diolefin mixtures. In the petrochemicals industry, acetonitrile grades are extensively employed in the separation and extractive distillation of C4 hydrocarbons as well as olefin-diolefin mixtures. Acetonitrile has several other end use applications. It is employed as a solvent, and a reagent, and in chromatography, analytical chemistry, production of pesticides, extraction of oil, and for degreasing and cleaning purposes. In the semiconductor industry, acetonitrile is gaining growing use as a cleaning agent, as it has high solubility in organic salts, polymer compounds, and grease, and can remove wax, grease, fingerprints, flux residues, and corrosives from silicon wafer. Due to the fast-paced development of industries such as precision instruments, bioengineering, microelectronics, and medicine, high-purity solvents including high purity acetonitrile are gaining traction.

The growth in the acetonitrile market is driven by several factors, including advancements in pharmaceutical research, the increasing demand for analytical techniques, and the expansion of the electronics industry. The rising prevalence of chronic diseases has spurred pharmaceutical research and development, leading to greater consumption of acetonitrile in drug discovery and production. Furthermore, the growing complexity of chemical analyses in environmental and food safety testing has heightened the need for reliable solvents like acetonitrile in HPLC systems. The surge in consumer electronics and the ongoing development of electric vehicles have also fueled the demand for acetonitrile in the production of high-performance batteries. Additionally, the expansion of chemical manufacturing in emerging markets has contributed to the increased utilization of acetonitrile. As these industries continue to innovate and expand, the demand for acetonitrile is expected to rise, underpinning the sustained growth of the market.

Select Competitors (Total 79 Featured) -

• AnQore
• Asahi Kasei Corporation.
• DuPont de Nemours, Inc.
• Filo Chemical, Inc.
• GFS Chemicals, Inc.
• Honeywell International Inc.
• INEOS Group
• Neuchem
• Nova Molecular Technologies, Inc.
• Runa Chemicals Pvt. Ltd.
• Spectrum Chemical Mfg. Corp.
• Tedia Company, Inc.

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