Acetonitrile Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
Global Acetonitrile Market is anticipated to witness robust growth in the forecast period, 2024-2028. The global acetonitrile market is expanding due to continuous demand from different end-user industries, such as pharmaceuticals, specialty chemicals, electronics, HPLC applications, and biotechnological applications. Acetonitrile is a principal component in the pharmaceutical industry. Queen's University Belfast states that the pharmaceutical industry captures 70% of the global acetonitrile market. An increase in acetonitrile demand is due to various factors, such as its excellent solvation ability and properties like low freezing, boiling points, and toxicity.
Acetonitrile's use in liquid chromatography analyses is rising because of its exceptional physicochemical properties for separation and detection. However, much junk material is generated from fluid chromatography analysis using acetonitrile. Therefore, alternative substitutes like acetone and Ethyl Lactate are also entering the market due to their lesser carbon footprint and similar physicochemical properties as acetonitrile.
Additionally, acetonitrile use in the petrochemical industry further stimulates market growth. It is fully miscible in water and can diffuse completely with complex compounds like carbon tetrachloride, chloroform, acetone, ether, ethanol, and ethylene chloride. Therefore, it is used to separate C4-hydrocarbons and olefin-diolefin mixtures. According to the International Energy Agency (IEA), petrochemicals will account for over a third of the growth in oil demand by 2030. Further, petrochemicals will consume 56 billion cubic meters of natural gas by 2030, nearly equal to half of Canada’s total gas consumption.
Increasing Demand from Various End-User Industries
Due to its remarkable physical and chemical qualities, including low viscosity and low freezing/boiling point, acetonitrile finds significant application in the pharmaceutical sector as a critical solvent in manufacturing antibiotics and drug recrystallization. One of the primary factors driving the global acetonitrile market is the increasing use of acetonitrile in pharmaceutical and analytical sector applications. As per the European Federation of Pharmaceutical Industries and Associations (EFPIA), In 2021, North America accounted for 49.1% of world pharmaceutical sales compared with 23.4% for Europe. In addition, in 2020, the pharmaceutical industry invested more than USD 39,600 million in R&D in Europe. All these factors are propelling the growth of the market.
Mergers & Acquisitions
- Brenntag acquired Matrix Chemical, LLC, a North American solvent distributor and the largest acetone distributor in North America, in 2021. Most of the customer base is in countries such as the United States and Canada. These items are utilized in various industries, including personal care, adhesives, and paint & coatings.
- Recently, scientists and researchers have developed a new process to produce acetonitrile from renewable sources that are sustainable and eco-friendly for the environment. Acetonitrile is made through ethanol ammoxidation and utilizes a lesser amount of ammonia. Ethanol is used as a reactant, as it is easily accessible from the fermentation process and can be used without further purification requirements.
Global Acetonitrile Market is segmented based on Type, Applications and Purpose. Based on Type, the market is divided into Derivative Acetonitrile and Solvent Acetonitrile. Based on Application, the market is fragmented into Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others. Based on Purpose the market is segmented into Reagent, Reaction Solvent, Extraction Solvent, Feedstock.
Market players
Filo Chemical Inc., Neuchem Inc., Continental Industries Group, Sterling Chemicals, Inc.
DuPont de Nemours, Inc., CNPC Jilin Chemical Corp Ltd, Avantor Performance Materials LLC, Imperial Chemical Corporation, Asahi Kasei Medical Company Limited and Nova Molecular Technologies are some of the key players operating in the market.
Report Scope:
In this report, Global Acetonitrile Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Acetonitrile Market, By Type:
- Derivative Acetonitrile
- Solvent Acetonitrile
- Acetonitrile Market, By Application:
- Pharmaceutical
- Agrochemical
- Butadiene Extraction
- Research & Development
- Others
- Acetonitrile Market, By Purpose:
- Reagent
- Reaction Solvent
- Extraction Solvent
- Feedstock
- Acetonitrile Market, By Region:
- Europe
Germany
United Kingdom
Sweden
Denmark
Switzerland
- North America
Canada
Mexico
- Asia-Pacific
India
Japan
Australia
South Korea
- Middle East and Africa
UAE
Qatar
- South America
Argentina
Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Acetonitrile Market.
Company Information
- Detailed analysis and profiling of additional market players (up to five).
- 1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
- 2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
- 3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
- 4. Voice of Customer
- 5. Global Acetonitrile Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value & Volume
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Derivative Acetonitrile and Solvent Acetonitrile)
- 5.2.2. By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)
- 5.2.3. By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)
- 5.2.4. By Region (Europe, Asia Pacific, North America, Middle East & Africa)
- 5.2.5. By Company (2022)
- 5.3. Market Map
- 5.3.1. By Type
- 5.3.2. By Application
- 5.3.3. By Purpose
- 5.3.4. By Region
- 5.4. Pricing Analysis
- 6. Europe Acetonitrile Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value & Volume
- 6.2. Market Share & Forecast
- 6.2.1. By Type (Derivative Acetonitrile and Solvent Acetonitrile)
- 6.2.2. By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)
- 6.2.3. By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)
- 6.2.4. By Country
- 6.3. Pricing Analysis
- 6.4. Europe: Country Analysis
- 6.4.1. France Acetonitrile Market Outlook
- 6.4.1.1. Market Size & Forecast
- 6.4.1.1.1. By Value & Volume
- 6.4.1.2. Market Share & Forecast
- 6.4.1.2.1. By Type
- 6.4.1.2.2. By Application
- 6.4.1.2.3. By Purpose
- 6.4.2. Germany Acetonitrile Market Outlook
- 6.4.2.1. Market Size & Forecast
- 6.4.2.1.1. By Value & Volume
- 6.4.2.2. Market Share & Forecast
- 6.4.2.2.1. By Type
- 6.4.2.2.2. By Application
- 6.4.2.2.3. By Purpose
- 6.4.3. United Kingdom Acetonitrile Market Outlook
- 6.4.3.1. Market Size & Forecast
- 6.4.3.1.1. By Value & Volume
- 6.4.3.2. Market Share & Forecast
- 6.4.3.2.1. By Type
- 6.4.3.2.2. By Application
- 6.4.3.2.3. By Purpose
- 6.4.4. Sweden Acetonitrile Market Outlook
- 6.4.4.1. Market Size & Forecast
- 6.4.4.1.1. By Value & Volume
- 6.4.4.2. Market Share & Forecast
- 6.4.4.2.1. By Type
- 6.4.4.2.2. By Application
- 6.4.4.2.3. By Purpose
- 6.4.5. Denmark Acetonitrile Market Outlook
- 6.4.5.1. Market Size & Forecast
- 6.4.5.1.1. By Value & Volume
- 6.4.5.2. Market Share & Forecast
- 6.4.5.2.1. By Type
- 6.4.5.2.2. By Application
- 6.4.5.2.3. By Purpose
- 6.4.6. Switzerland Acetonitrile Market Outlook
- 6.4.6.1. Market Size & Forecast
- 6.4.6.1.1. By Value & Volume
- 6.4.6.2. Market Share & Forecast
- 6.4.6.2.1. By Type
- 6.4.6.2.2. By Application
- 6.4.6.2.3. By Purpose
- 7. North America Acetonitrile Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value & Volume
- 7.2. Market Share & Forecast
- 7.2.1. By Type (Derivative Acetonitrile and Solvent Acetonitrile)
- 7.2.2. By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)
- 7.2.3. By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)
- 7.2.4. By Country
- 7.3. Pricing Analysis
- 7.4. North America: Country Analysis
- 7.4.1. United States Acetonitrile Market Outlook
- 7.4.1.1. Market Size & Forecast
- 7.4.1.1.1. By Value & Volume
- 7.4.1.2. Market Share & Forecast
- 7.4.1.2.1. By Type
- 7.4.1.2.2. By Application
- 7.4.1.2.3. By Purpose
- 7.4.2. Canada Acetonitrile Market Outlook
- 7.4.2.1. Market Size & Forecast
- 7.4.2.1.1. By Value & Volume
- 7.4.2.2. Market Share & Forecast
- 7.4.2.2.1. By Type
- 7.4.2.2.2. By Application
- 7.4.2.2.3. By Purpose
- 7.4.3. Mexico Acetonitrile Market Outlook
- 7.4.3.1. Market Size & Forecast
- 7.4.3.1.1. By Value & Volume
- 7.4.3.2. Market Share & Forecast
- 7.4.3.2.1. By Type
- 7.4.3.2.2. By Application
- 7.4.3.2.3. By Purpose
- 8. Asia-Pacific Acetonitrile Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value & Volume
- 8.2. Market Share & Forecast
- 8.2.1. By Type (Derivative Acetonitrile and Solvent Acetonitrile)
- 8.2.2. By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)
- 8.2.3. By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)
- 8.2.4. By Country
- 8.3. Pricing Analysis
- 8.4. Asia-Pacific: Country Analysis
- 8.4.1. China Acetonitrile Market Outlook
- 8.4.1.1. Market Size & Forecast
- 8.4.1.1.1. By Value & Volume
- 8.4.1.2. Market Share & Forecast
- 8.4.1.2.1. By Type
- 8.4.1.2.2. By Application
- 8.4.1.2.3. By Purpose
- 8.4.2. India Acetonitrile Market Outlook
- 8.4.2.1. Market Size & Forecast
- 8.4.2.1.1. By Value & Volume
- 8.4.2.2. Market Share & Forecast
- 8.4.2.2.1. By Type
- 8.4.2.2.2. By Application
- 8.4.2.2.3. By Purpose
- 8.4.3. Japan Acetonitrile Market Outlook
- 8.4.3.1. Market Size & Forecast
- 8.4.3.1.1. By Value & Volume
- 8.4.3.2. Market Share & Forecast
- 8.4.3.2.1. By Type
- 8.4.3.2.2. By Application
- 8.4.3.2.3. By Purpose
- 8.4.4. South Korea Acetonitrile Market Outlook
- 8.4.4.1. Market Size & Forecast
- 8.4.4.1.1. By Value & Volume
- 8.4.4.2. Market Share & Forecast
- 8.4.4.2.1. By Type
- 8.4.4.2.2. By Application
- 8.4.4.2.3. By Purpose
- 8.4.5. Australia Acetonitrile Market Outlook
- 8.4.5.1. Market Size & Forecast
- 8.4.5.1.1. By Value & Volume
- 8.4.5.2. Market Share & Forecast
- 8.4.5.2.1. By Type
- 8.4.5.2.2. By Application
- 8.4.5.2.3. By Purpose
- 9. Middle East and Africa Acetonitrile Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value & Volume
- 9.2. Market Share & Forecast
- 9.2.1. By Type (Derivative Acetonitrile and Solvent Acetonitrile)
- 9.2.2. By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)
- 9.2.3. By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)
- 9.2.4. By Country
- 9.3. Pricing Analysis
- 9.4. Asia-Pacific: Country Analysis
- 9.4.1. Saudi Arabia Acetonitrile Market Outlook
- 9.4.1.1. Market Size & Forecast
- 9.4.1.1.1. By Value & Volume
- 9.4.1.2. Market Share & Forecast
- 9.4.1.2.1. By Type
- 9.4.1.2.2. By Application
- 9.4.1.2.3. By Purpose
- 9.4.2. UAE Acetonitrile Market Outlook
- 9.4.2.1. Market Size & Forecast
- 9.4.2.1.1. By Value & Volume
- 9.4.2.2. Market Share & Forecast
- 9.4.2.2.1. By Type
- 9.4.2.2.2. By Application
- 9.4.2.2.3. By Purpose
- 9.4.3. Qatar Acetonitrile Market Outlook
- 9.4.3.1. Market Size & Forecast
- 9.4.3.1.1. By Value & Volume
- 9.4.3.2. Market Share & Forecast
- 9.4.3.2.1. By Type
- 9.4.3.2.2. By Application
- 9.4.3.2.3. By Purpose
- 10. South America Acetonitrile Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value & Volume
- 10.2. Market Share & Forecast
- 10.2.1. By Type (Derivative Acetonitrile and Solvent Acetonitrile)
- 10.2.2. By Application (Pharmaceutical, Agrochemical, Butadiene Extraction, Research & Development and Others)
- 10.2.3. By Purpose (Reagent, Reaction Solvent, Extraction Solvent, Feedstock)
- 10.2.4. By Country
- 10.3. Pricing Analysis
- 10.4. South America: Country Analysis
- 10.4.1. Brazil Acetonitrile Market Outlook
- 10.4.1.1. Market Size & Forecast
- 10.4.1.1.1. By Value & Volume
- 10.4.1.2. Market Share & Forecast
- 10.4.1.2.1. By Type
- 10.4.1.2.2. By Application
- 10.4.1.2.3. By Purpose
- 10.4.2. Argentina Acetonitrile Market Outlook
- 10.4.2.1. Market Size & Forecast
- 10.4.2.1.1. By Value & Volume
- 10.4.2.2. Market Share & Forecast
- 10.4.2.2.1. By Type
- 10.4.2.2.2. By Application
- 10.4.2.2.3. By Purpose
- 10.4.3. Colombia Acetonitrile Market Outlook
- 10.4.3.1. Market Size & Forecast
- 10.4.3.1.1. By Value & Volume
- 10.4.3.2. Market Share & Forecast
- 10.4.3.2.1. By Type
- 10.4.3.2.2. By Application
- 11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
- 12. Market Trends & Developments
- 12.1. Mergers & Acquisitions
- 12.2. Product Developments
- 12.3. Technological Advancements
- 13. Global Acetonitrile Market: SWOT Analysis
- 14. Porter’s Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
- 15. Competitive Landscape
- 15.1. Business Overview
- 15.2. Company Snapshot
- 15.3. Products & Services
- 15.4. Financials (In case of listed companies)
- 15.5. Recent Developments
- 15.6. SWOT Analysis
- 15.6.1. Filo Chemical Inc.
- 15.6.2. Neuchem Inc.
- 15.6.3. Continental Industries Group
- 15.6.4. Sterling Chemicals, Inc.
- 15.6.5. DuPont de Nemours, Inc.
- 15.6.6. CNPC Jilin Chemical Corp Ltd
- 15.6.7. Avantor Performance Materials LLC
- 15.6.8. Imperial Chemical Corporation
- 15.6.9. Asahi Kasei Medical Company Limited
- 15.6.10. Nova Molecular Technologies
- 16. Strategic Recommendations
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