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Acetonitrile Market Report and Forecast 2024-2032

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    Report

  • 178 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921459
According to the report, the global acetonitrile market is projected to grow at a CAGR of 5.1% between 2024 and 2032. Aided by its extensive applications across diverse industries, including pharmaceuticals, agrochemicals, and analytical laboratories, the market is expected to grow significantly by 2032.

Acetonitrile, an organic compound with the formula CH₃CN, is a colourless, volatile liquid with a distinctively sweet odour. It's primarily produced as a byproduct of the acrylonitrile manufacturing process. Known for its excellent solvent properties, acetonitrile is widely used in the purification of butadiene in refineries and as a solvent in the synthesis of various pharmaceuticals and agricultural products. Its role is pivotal in high-performance liquid chromatography (HPLC), a critical analytical technique in research and quality control laboratories.

One of the key drivers for the acetonitrile market growth is the booming pharmaceutical industry. Acetonitrile is extensively used as a solvent in the synthesis of vitamins, antibiotics, and other active pharmaceutical ingredients (APIs). With the increasing global demand for pharmaceuticals, driven by an ageing population and the rising prevalence of chronic diseases, the demand for acetonitrile is expected to surge.

As per the acetonitrile market analysis, the agrochemical industry also plays a significant role in propelling the market. Used in the production of pesticides and herbicides, acetonitrile's role is vital in the synthesis of agrochemical products. The rising global demand for food due to the growing population, coupled with the shrinking arable land, has led to an increased reliance on agrochemicals, thereby propelling the demand for acetonitrile.

Analytical laboratories represent another significant application segment for acetonitrile. Its use in HPLC for the separation, identification, and quantification of compounds in mixtures underscores its importance, and further contributes to the acetonitrile market size. The growth in research activities across various sectors, including life sciences, environmental monitoring, and food testing, has led to a rise in the usage of HPLC, subsequently driving the demand for acetonitrile.

Moreover, the electronic industry's reliance on acetonitrile for the production of lithium batteries and semiconductor devices further bolsters its market growth. With the increasing demand for consumer electronics and the growing popularity of electric vehicles, the need for high-quality lithium batteries is rising, propelling the acetonitrile market demand.

Market Segmentation

The market can be divided based on end use, and region.

Market Breakup by End Use

  • Pharmaceuticals
  • Analytical Industry
  • Agrochemicals
  • Extraction Industry
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global acetonitrile market. Some of the major players explored in the report are as follows:
  • Ineos AG
  • Asahi Kasei Corporation
  • Formosa Plastic Corporation
  • Imperial Chemical Corporation
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Acetonitrile Market Analysis
8.1 Key Industry Highlights
8.2 Global Acetonitrile Historical Market (2018-2023)
8.3 Global Acetonitrile Market Forecast (2024-2032)
8.4 Global Acetonitrile Market by End Use
8.4.1 Pharmaceuticals
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Analytical Industry
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Agrochemicals
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Extraction Industry
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Acetonitrile Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Feedstock Analysis
15.1 Global Propylene Market Analysis
15.1.1 Key Industry Highlights
15.1.2 Global Propylene Historical Market (2018-2023)
15.1.3 Global Propylene Market Forecast (2024-2032)
15.1.4 Global Propylene Market by End Use
15.1.5 Global Propylene Market by Region
15.1.5.1 Market Share
15.1.5.1.1 North America
15.1.5.1.2 Europe
15.1.5.1.3 Asia Pacific
15.1.5.1.4 Latin America
15.1.5.1.5 Middle East and Africa
15.1.6 Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.2 Global Ammonia Market Analysis
15.2.1 Key Industry Highlights
15.2.2 Global Ammonia Historical Market (2018-2023)
15.2.3 Global Ammonia Market Forecast (2024-2032)
15.2.4 Global Ammonia Market by End Use
15.2.5 Global Ammonia Market by Region
15.2.5.1 Market Share
15.1.5.1.1 North America
15.1.5.1.2 Europe
15.1.5.1.3 Asia Pacific
15.1.5.1.4 Latin America
15.1.5.1.5 Middle East and Africa
15.2.6 Historical Price Trends (2018-2023) and Forecast (2024-2032)
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players' Market Share
16.3 Company Profiles
16.3.1 Ineos AG
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Demographic Reach and Achievements
16.3.1.4 Financial Summary
16.3.1.5 Certifications
16.3.2 Asahi Kasei Corporation
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Demographic Reach and Achievements
16.3.2.4 Financial Summary
16.3.2.5 Certifications
16.3.3 Formosa Plastic Corporation
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Demographic Reach and Achievements
16.3.3.4 Financial Summary
16.3.3.5 Certifications
16.3.4 Imperial Chemical Corporation
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Demographic Reach and Achievements
16.3.4.4 Financial Summary
16.3.4.5 Certifications
16.3.5 Others
17 Industry Events and Developments
List of Key Figures and Tables
1. Global Acetonitrile Market: Key Industry Highlights, 2018 and 2032
2. Global Acetonitrile Historical Market: Breakup by End Use (Kilo Metric Tons), 2018-2023
3. Global Acetonitrile Market Forecast: Breakup by End Use (Kilo Metric Tons), 2024-2032
4. Global Acetonitrile Historical Market: Breakup by Region (Kilo Metric Tons), 2018-2023
5. Global Acetonitrile Market Forecast: Breakup by Region (Kilo Metric Tons), 2024-2032
6. North America Acetonitrile Historical Market: Breakup by Country (Kilo Metric Tons), 2018-2023
7. North America Acetonitrile Market Forecast: Breakup by Country (Kilo Metric Tons), 2024-2032
8. Europe Acetonitrile Historical Market: Breakup by Country (Kilo Metric Tons), 2018-2023
9. Europe Acetonitrile Market Forecast: Breakup by Country (Kilo Metric Tons), 2024-2032
10. Asia Pacific Acetonitrile Historical Market: Breakup by Country (Kilo Metric Tons), 2018-2023
11. Asia Pacific Acetonitrile Market Forecast: Breakup by Country (Kilo Metric Tons), 2024-2032
12. Latin America Acetonitrile Historical Market: Breakup by Country (Kilo Metric Tons), 2018-2023
13. Latin America Acetonitrile Market Forecast: Breakup by Country (Kilo Metric Tons), 2024-2032
14. Middle East and Africa Acetonitrile Historical Market: Breakup by Country (Kilo Metric Tons), 2018-2023
15. Middle East and Africa Acetonitrile Market Forecast: Breakup by Country (Kilo Metric Tons), 2024-2032
16. Major Importing Countries by Volume (2020)
17. Major Exporting Countries by Volume (2020)
18. Major Importing Countries by Value (2020)
19. Major Exporting Countries by Value (2020)
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Propylene Market: Key Industry Highlights, 2018 and 2032
26. Global Propylene Historical Market: Breakup by End Use (Kilo Metric Tons), 2018-2023
27. Global Propylene Market Forecast: Breakup by End Use (Kilo Metric Tons), 2024-2032
28. Global Propylene Historical Market: Breakup by Region (Kilo Metric Tons), 2018-2023
29. Global Propylene Market Forecast: Breakup by Region (Kilo Metric Tons), 2024-2032
30. Propylene Price Trends and Forecast 2018-2028
31. Global Ammonia Market: Key Industry Highlights, 2018 and 2032
32. Global Ammonia Historical Market: Breakup by End Use (Kilo Metric Tons), 2018-2023
33. Global Ammonia Market Forecast: Breakup by End Use (Kilo Metric Tons), 2024-2032
34. Global Ammonia Historical Market: Breakup by Region (Kilo Metric Tons), 2018-2023
35. Global Ammonia Market Forecast: Breakup by Region (Kilo Metric Tons), 2024-2032
36. Ammonia Price Trends and Forecast 2018-2028
37. Global Acetonitrile Market Structure

Companies Mentioned

  • Ineos AG
  • Asahi Kasei Corporation
  • Formosa Plastic Corporation
  • Imperial Chemical Corporation

Methodology

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