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Global Acetonitrile Market: By End Use: Pharmaceuticals, Analytical Industry, Agrochemicals, Extraction Industry; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Trade Data Analysis; Manufacturing Process; Feedstock Analysis; Competitive Landscape; Industry Events and Developments

Global Acetonitrile Market Outlook

The global acetonitrile market reached a consumption volume of around 122 kilo metric tons in 2019. The consumption of acetonitrile is expected to grow at a CAGR of around 5.1% in the forecast period 2020-2025 to reach a volume of around 164.4 kilo metric tons by 2025.

The Asia Pacific region is the leading region in terms of consumption, with China being the largest consumer nation. The region alone accounts for almost 60% of the consumption share, which is more than 70 million tons. The Asia Pacific region is followed by Europe and North America, contributing a significant share to the consumption growth. The end-use sector is dominated significantly by the pharmaceuticals sector, accounting for 70% of the acetonitrile market share.

China is the leading consumer nation, along with being one of the major producers. In 2017, the total manufacturing output in China reached a volume of around 10 million tons. The rising demand for the product in the region is widely being supported by its increasing application in the end-use industries. The product finds wide end-uses as a solvent, HPLC solvents, semiconductor cleaning agent, and fine chemical intermediates. The rising demand in the application sector has provided an impetus to the growth of the acetonitrile market in China.

The feedstock for acetonitrile includes ammonia and propylene. The largest consumer region for propylene is the Asia Pacific region, followed by North America and Western Europe. Propylene is abundantly used for the production of polypropylene. The market for ammonia is also led by the Asia Pacific region, accounting for nearly 60% of the market share. The Asia Pacific region is followed by Europe and North America. The rising markets for these feedstocks significantly affect the growth of the global acetonitrile market.

 

Properties and Applications

Acetonitrile is a colourless, toxic, water-soluble fluid, with the chemical formula C2H3N, which smells like ether. The chemical is generally used primarily in organic synthesis and as a solvent.

Acetonitrile finds its end uses in the following segments:

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

The regional acetonitrile markets include North America, Europe, Asia Pacific, South America, and Middle East and Africa.

 

Market Analysis

The global acetonitrile market is significantly being driven by the ever-growing pharmaceuticals industry. The demand for pharmaceuticals is rapidly increasing owing to the rising healthcare sector and the advancing technologies. The product is widely being used as solvents in manufacturing insulin and antibiotics. It also finds its uses in DNA synthesis. The pharmaceuticals industry is widely growing, especially in the developing regions of the Asia Pacific regions, with China and India accounting for the highest growth rate.

The acetonitrile market is also being aided by its rising application in the HPCL sector, that is, high-performance liquid chromatography. The rising use of acetonitrile in synthesising several nutrients is also propelling the market growth further. Acetonitrile has wide applications as a solvent in UV spectroscopy, polarography, and lithium batteries. The product helps in the casting, as well as moulding of plastic materials and for spinning fibres. It is also used as a solvent for extracting oleochemicals like fatty acids from animal and vegetable oils. In chemical laboratories, it can be used to detect chemical residues. The increasing use of acetonitrile as a semiconductor cleaning agent and as fine chemical intermediates is also providing an impetus to the acetonitrile market growth.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global acetonitrile market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

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

The comprehensive EMR report provides an in-depth assessment of the acetonitrile market based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    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 (2015-2019) 
    8.3    Global Acetonitrile Market Forecast (2020-2025)
    8.4    Global Acetonitrile Market by End Use
        8.4.1    Pharmaceuticals
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Analytical Industry
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Agrochemicals
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Extraction Industry
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s 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 (2015-2019) and Forecast (2020-2025)
    13.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
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 (2015-2019) 
        15.1.3    Global Propylene Market Forecast (2020-2025)
        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 (2015-2019) and Forecast (2020-2025)
    15.2    Global Ammonia Market Analysis
        15.2.1    Key Industry Highlights
        15.2.2    Global Ammonia Historical Market (2015-2019) 
        15.2.3    Global Ammonia Market Forecast (2020-2025)
        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 (2015-2019) and Forecast (2020-2025)
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 Figures and Tables

1.    Global Acetonitrile Market: Key Industry Highlights, 2015 and 2025
2.    Global Acetonitrile Historical Market: Breakup by End Use (Kilo Metric Tons), 2015-2019
3.    Global Acetonitrile Market Forecast: Breakup by End Use (Kilo Metric Tons), 2020-2025
4.    Global Acetonitrile Historical Market: Breakup by Region (Kilo Metric Tons), 2015-2019
5.    Global Acetonitrile Market Forecast: Breakup by Region (Kilo Metric Tons), 2020-2025
6.    North America Acetonitrile Historical Market: Breakup by Country (Kilo Metric Tons), 2015-2019
7.    North America Acetonitrile Market Forecast: Breakup by Country (Kilo Metric Tons), 2020-2025
8.    Europe Acetonitrile Historical Market: Breakup by Country (Kilo Metric Tons), 2015-2019
9.    Europe Acetonitrile Market Forecast: Breakup by Country (Kilo Metric Tons), 2020-2025
10.    Asia Pacific Acetonitrile Historical Market: Breakup by Country (Kilo Metric Tons), 2015-2019
11.    Asia Pacific Acetonitrile Market Forecast: Breakup by Country (Kilo Metric Tons), 2020-2025
12.    Latin America Acetonitrile Historical Market: Breakup by Country (Kilo Metric Tons), 2015-2019
13.    Latin America Acetonitrile Market Forecast: Breakup by Country (Kilo Metric Tons), 2020-2025
14.    Middle East and Africa Acetonitrile Historical Market: Breakup by Country (Kilo Metric Tons), 2015-2019
15.    Middle East and Africa Acetonitrile Market Forecast: Breakup by Country (Kilo Metric Tons), 2020-2025
16.    Major Importing Countries by Volume (2019)
17.    Major Exporting Countries by Volume (2019)
18.    Major Importing Countries by Value (2019)
19.    Major Exporting Countries by Value (2019)
20.    North America Historical Price Trends and Forecast 2015-2025
21.    Europe Historical Price Trends and Forecast 2015-2025
22.    Asia Pacific Historical Price Trends and Forecast 2015-2025
23.    Latin America Historical Price Trends and Forecast 2015-2025
24.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
25.    Global Propylene Market: Key Industry Highlights, 2015 and 2025
26.    Global Propylene Historical Market: Breakup by End Use (Kilo Metric Tons), 2015-2019
27.    Global Propylene Market Forecast: Breakup by End Use (Kilo Metric Tons), 2020-2025
28.    Global Propylene Historical Market: Breakup by Region (Kilo Metric Tons), 2015-2019
29.    Global Propylene Market Forecast: Breakup by Region (Kilo Metric Tons), 2020-2025
30.    Propylene Price Trends and Forecast 2015-2025
31.    Global Ammonia Market: Key Industry Highlights, 2015 and 2025
32.    Global Ammonia Historical Market: Breakup by End Use (Kilo Metric Tons), 2015-2019
33.    Global Ammonia Market Forecast: Breakup by End Use (Kilo Metric Tons), 2020-2025
34.    Global Ammonia Historical Market: Breakup by Region (Kilo Metric Tons), 2015-2019
35.    Global Ammonia Market Forecast: Breakup by Region (Kilo Metric Tons), 2020-2025
36.    Ammonia Price Trends and Forecast 2015-2025
37.    Global Acetonitrile Market Structure

Key Questions Answered in the Report

The global acetonitrile market reached a volume of around 122 kilo metric tons in 2019.

The market is projected to grow at a CAGR of nearly 5.1% in the forecast period of 2020-2025.

The market is estimated to reach a volume of around 164.4 kilo metric tons by 2025.

The major drivers of the industry include rising disposable incomes, increasing population, rising pharmaceuticals industry, growing healthcare sector, advancing technologies, rising application as semiconductor cleaning agent, fine chemical intermediates, solvents, and increasing use in the HPCL sector.

The rising use of the product in the casting and moulding of plastic materials and for spinning fibres is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.

The pharmaceuticals sector accounts for the largest market share, among other end-use segments in the industry.

The leading players in the market are Ineos AG, Asahi Kasei Corporation, Formosa Plastic Corporation, and Imperial Chemical Corporation, among others.

Analyst Review

The global acetonitrile market attained a volume of around 122 kilo metric tons in 2019 driven by the growth in the pharmaceuticals industry. Aided by the rising healthcare sector, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 5.1%. The global acetonitrile market is projected to reach a volume of around 164.4 kilo metric tons by 2025.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. On the basis of end-uses, the pharmaceuticals sector accounts for the largest share in the global acetonitrile market of 70%. The major regional markets for acetonitrile are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market of 60%. The key players in the above industry include Ineos AG, Asahi Kasei Corporation, Formosa Plastic Corporation, and Imperial Chemical Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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