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Global Acetonitrile Market is Expected to Grow at a CAGR of 5.1% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global Acetonitrile Market Report and Forecast 2020-2025’, the global acetonitrile market reached a volume of around 122 kilo metric tons in 2019. The market is likely to grow at a CAGR of 5.1% in the forecast period 2020-2025 to reach a volume of about 164.4 kilo metric tons by 2025.

The global acetonitrile market is majorly being driven by its growing end-use industries. Plastic industries manufacturers use acetonitrile to acquire pure acrylonitrile and acrylonitrile butadiene styrene (ABS), which provide high tensile, impact resistance, and maximum chemicals resistance. The market for ABS has risen worldwide because of the increased infrastructural activities and increased demand for lightweight vehicles. Furthermore, aquatic acetonitrile is the favoured extractive solvent used to synthesise pesticide residues from agrarian samples in the agricultural sector. Also, the increased demand for acetonitrile is supported by the growing popularity of the solvent in high-performance liquid chromatography, an analytical method used in the separation, identification, and quantification of a component in a mixture.

As the COVID-19 pandemic continues to grow, the acetonitrile market is witnessing a growing demand from the pharmaceutical sector. INEOS, a major player in the industry and a leading producer of acetonitrile, has been extensively producing the product during the pandemic to be used in pharmaceutical analysis procedures vital to finding vaccines. This increased demand is expected to influence the market in the forecast period positively. Some of the other major players influencing the growth of the market include Asahi Kasei Corporation (OTCMKTS: AHKSY) and Formosa Plastic Corporation.

Market Analysis by End-Use and Region:

  • Based on end-use, the market is divided into pharmaceuticals, analytical industry, agrochemicals, extraction industry, and others.
  • The regional markets for acetonitrile include North America, Europe, the Asia Pacific, South America, and the Middle East and Africa.

Key Findings of the Report:

  • The global acetonitrile market is primarily being driven by the growing pharmaceutical industry.
  • Acetonitrile is widely being demanded due to its rising application as a solvent and in DNA synthesis.
  • The rising demand from the HPCL sector, that is, high-performance liquid chromatography, is further aiding the market growth.
  • The increasing demand for UV spectroscopy, polarography, and lithium batteries is propelling the market growth further.
  • The growing use of acetonitrile as a semiconductor cleaning agent and fine chemical intermediate is also catalysing the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global acetonitrile market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the end-uses and major regions of acetonitrile.
  • The EMR report also provides an insight into the regional price trends in the global acetonitrile market for the periods (2015-2019) and (2020-2025).
  • It also offers an overview of the feedstock market, covering their end uses, major regions, and price trends for the historical (2015-2019) and forecast (2020-2025).
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter's Five Forces models.

The major key players in the global acetonitrile market include companies like Ineos AG, Asahi Kasei Corporation, Formosa Plastic Corporation, Imperial Chemical Corporation, and others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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