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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:
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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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