Acetonitrile

Global Acetonitrile Market to Reach US$474.7 Million by 2030

The global market for Acetonitrile estimated at US$351.0 Million in the year 2024, is expected to reach US$474.7 Million by 2030, growing at a CAGR of 5.2% over the analysis period 2024-2030. Solvent, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$330.5 Million by the end of the analysis period. Growth in the Derivative segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$40.2 Million While China is Forecast to Grow at 6.0% CAGR

The Acetonitrile market in the U.S. is estimated at US$40.2 Million in the year 2024. 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 6.0% over the analysis period 2024-2030. 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.

SCOPE OF STUDY:

The report analyzes the Acetonitrile market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Solvent, Derivative); Application (Pharmaceutical, Analytical Industry, Agrochemicals, Extraction, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

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.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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