Acetonitrile
Chemicals and Materials

5.1% Global CAGR for Acetonitrile Market to achieve US$ 368.60 Mn by 2027

GOOD SOLVENT PROPERTIES OF ACETONITRILE TO BOOST ITS DEMAND IN THE GLOBAL MARKET

Acetonitrile is basically a chemical compound with the formula CH3CN. This is a colorless liquid and simplest organic nitrile. Acetonitrile is produced mainly as the byproduct of acrylonitrile manufacture. It is used as a polar aprotic solvent in the process of organic synthesis and in the butadiene purification. It is utilized as an extractant, dissolvable, and chemical intermediate. It is a harmful odoriferous fluid used as a solvent in elite fluid chromatography. The expanding utilization of acetonitrile in pharmaceutical and biotechnological applications has raised the interest for acetonitrile in recent years.

Acetonitrile is regarded as an outstanding solvent due to its ability to dissolve a wide variety of pharmaceutical ingredients and excellent chemical, with an acceptable environmental profile. It has, therefore, urged to be a favored solvent by process chemists. Acetonitrile is also comparatively inert due to the strong carbon-carbon bond, which can be hydrolyzed only under extreme conditions, which makes it an excellent reaction solvent. Acetonitrile is primarily used as a solvent in the manufacture of pharmaceuticals, for casting & molding of plastic materials, in spinning fibers, for the extraction of fatty acids from animal & vegetable oils, in lithium batteries, and in chemical laboratories for the detection of materials such as pesticide residues. Acetonitrile is also applicable in dyeing textiles & in coating compositions as a stabilizer for the chlorinated solvents and in the production of perfume as a chemical intermediate. Increasing demand for acetonitrile from the end-use industries, including paint & coatings, pharmaceuticals, electrical & electronics, chemicals & materials, and others, has played a significant role in the global expansion and development of the market.

The major players operating in the global acetonitrile market include Anqore BV, Concord Technology (Tianjin) Co., Ltd., Formosa Plastic Corporation, Honeywell International Inc, Imperial Chemical Corporation, Ineos AG, Mitsubishi Chemical Corporation, Nova Molecular Technologies, Taekwang Industrial Co. Ltd. and Tedia Company and among others. These key players in the market are focused on new and improved product offerings so that it could meet out the demand for specific end-use industries in the market, which is further expected to boost this market. Also, there are various authorities and associations such as the United States Environmental Protection Agency, the International LabourOrganisation, or the World Health Organization working on how to minimize the harmful effects of acetonitrile on human & environment and researchers are working on how much percent of acetonitrile should be used in a particular product. Thus the supportive government initiatives are further expected to develop the global acetonitrile market.