The global market for Acetonitrile was valued at US$351.0 Million in 2024 and is projected to reach US$474.7 Million by 2030, growing at a CAGR of 5.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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 the Study
The report analyzes the Acetonitrile market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.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.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Acetonitrile Solvent segment, which is expected to reach US$330.5 Million by 2030 with a CAGR of a 5.3%. The Acetonitrile Derivative segment is also set to grow at 4.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $40.2 Million in 2024, and China, forecasted to grow at an impressive 6.0% CAGR to reach $144.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AnQore, Asahi Kasei Corporation., DuPont de Nemours, Inc., Filo Chemical, Inc., GFS Chemicals, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Acetonitrile Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Acetonitrile Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Acetonitrile Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 79 major companies featured in this Acetonitrile market report include:
- 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.
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 329 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 351 Million |
| Forecasted Market Value ( USD | $ 474.7 Million |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
