[Research Report] The acetonitrile market was valued at US$ 236.18 million in 2018 and is expected to grow at a CAGR of 5.1% from 2019 to 2027 to reach US$ 368.60 million by 2027.
Acetonitrile, otherwise called methyl cyanide or ethanenitrile, is a dull, unpredictable, combustible, and lethal solvent. It is the least difficult natural nitrile and can be blended in with water alongside most natural solvents. It additionally shows high miscibility with liquor, CH3)2CO, and epoxy gum with no obstruction with epoxy polymerization. This dry fluid is the least complex natural nitrile to synthesize. It is delivered for the most part as a result of acrylonitrile produce. It is utilized as a polar aprotic dissolvable in natural amalgamation and butadiene refinement. It is utilized to make pharmaceuticals, aromas, elastic items, pesticides, acrylic nail removers, and batteries. It is also used to remove unsaturated fats from animal and vegetable oils.
In 2018, Asia Pacific held the largest share of the acetonitrile on the back of growing industrialization. The demand for acetonitrile is gaining pace due to its increased utilization in the manufacturing of vitamins A and B1, cortisone, APIs, carbonate drugs, sulfa pyrimidine, and several amino acids. The advancement in the pharmaceutical and biotechnology industry have supported the growth of acetonitrile market.
Covid-19 at first began in Wuhan (China) during December 2019, and starting now and into the foreseeable future, it has spread over the globe at a brisk pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of confirmed cases and reported deaths as of April 2020. According to the latest WHO figures, the pandemic has led to ~2,719,896 confirmed cases and 187,705 total deaths globally. Covid-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemical and materials industry is one of the major industries facing serious disruptions such as breaks in supply chains and disruptions in manufacturing due to lockdown and office shutdowns. Thus, the pandemic has seriously hit the global acetonitrile market.
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Acetonitrile Market: Strategic Insights
Market Size Value in US$ 236.18 Million in 2018 Market Size Value by US$ 368.60 Million by 2027 Growth rate CAGR of 5.1% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Acetonitrile Market: Strategic Insights
| Market Size Value in | US$ 236.18 Million in 2018 |
| Market Size Value by | US$ 368.60 Million by 2027 |
| Growth rate | CAGR of 5.1% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Market Insights
Importance of acetonitrile in industrial and pharmaceuticals industries
Acetonitrile is regarded as a core solvent in the chemical industries, particularly in the pharmaceuticals industry, which accounts for ~70 % of the global demand for the same. The high demand for acetonitrile is due to its impeccable solvation ability toward a wide range of polar and nonpolar solutes, and physical properties such as low freezing/boiling points, low viscosity, and relatively low toxicity. Currently, the global pharmaceuticals industry reports two primary uses of acetonitrile, i.e., as laboratory solvents, particularly as a mobile phase in liquid chromatography analytical techniques and as an industrial process solvents in the manufacturing of antibiotics. Due to the need for high purity solvents in analytical techniques such as high performance liquid chromatography (HPLC), laboratories tend to use “Analar” grade acetonitrile, while industrial applications favor “technical grade” acetonitrile due to bulk requirements and lower cost. In both cases, the solvent is very highly refined in terms of purity, typically >99.9% for Analar and >99.5% for technical grade.
Type-Based Insights
The acetonitrile market based on nature has been segmented derivative and solvent. In 2018, the solvent segment accounted for a larger share of the global acetonitrile market, whereas the market for derivatives is expected to grow at a higher CAGR during the forecast period. Acetonitrile, in its solvent form, is used for spinning fibers, for casting and molding of plastic materials, for extraction of fatty acids from vegetable and animal oils and in the manufacture of lithium batteries. As a solvent, acetonitrile possesses strong dipole moment, which implied that the organic modifier used in the mobile phase could have a powerful effect on the selectivity of chromatography. It is also applied in polymer spinning and casting, DNA synthesis, peptide sequencing, and non-aqueous titrations. The growing use of acetonitrile solvents in several application bases is expected to boost the demand for solvent type acetonitrile in the near future.
Application-Based Insights
The acetonitrile market based on applications has been segmented into pharmaceuticals, analytical industry, agrochemical, extraction, and others. In 2018, the pharmaceuticals segment accounted for the largest share in the global acetonitrile market and is also expected to register the fastest CAGR during the forecast period. Acetonitrile act as a key solvent in the pharmaceuticals industry. It is used as a reagent, solvent or extraction solvent, and a starting material for synthesizing vitamin A, vitamin B1, cortisone, carbonate drugs, and a few amino acids. ~50 % of acetonitrile produced is used in the production of insulin and antibiotics, including third-generation cephalosporins. It is also used in the manufacture of synthetic pharmaceuticals. The increase in the use of acetonitrile in the manufacturing of vitamin B1 and sulfa-pyrimidine azeotropic distillation has been supporting the pharmaceutical market growth.
The acetonitrile market players adopt several strategies to expand their footprint worldwide. Formosa Plastic Corporation, Honeywell International Inc, Imperial Chemical Corporation, Ineos AG, Mitsubishi Chemical Taekwang Industrial Co. Ltd., and Tedia Company, Inc are among the major market players, and they are focused toward enlarging their customer base to gain significant share in the global market, which, in turn, permits them to maintain their brand name in it.
Acetonitrile Market Report Scope
Acetonitrile Market – By Type
- Derivative
- Solvent
Acetonitrile Market – By Application
- Pharmaceuticals
- Analytical Industry
- Agrochemicals
- Extraction
- Other Applications
Company Profiles
- AnQore B.V
- Concord Technology (Tianjin) Co., Ltd
- FORMOSA Plastic Corporation
- Imperial Chemical Corporation
- Honeywell International Inc.
- INEOS AG
- MITSUBISHI CHEMICAL CORPORATION
- Nova Molecular Technologies
- Taekwang Industrial Co Ltd
- Tedia Company, Inc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The growth of the pharmaceutical segment is primarily attributed to the growing use of acetonitrile in the synthesis of APIs. It is used as a reagent, solvent or extraction solvent and a starting material for synthesizing vitamin A, vitamin B1, cortisone, carbonate drugs, and some amino acids. About 50 % of acetonitrile produced is used in the production of insulin and antibiotics, including third-generation cephalosporins. It is also used in the manufacture of synthetic pharmaceuticals. The increasing demand for nutrition and antibacterial medication leads to the growth of acetonitrile in pharmaceutical applications during 2019–2027.
The major players operating in the global acetonitrile market are 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 among many others.
In 2018, the acetonitrile market was predominant in Asia-Pacific at the global level. India, Japan, China and South Korea are among the major producer of acetonitrile in the region. Expansion of production facilities coupled with the adoption of advanced technologies is supporting the growth of acetonitrile in Asia-Pacific. Also, increased utilization of acetonitrile in various applications among pharmaceutical, extraction and biotechnology industry have boosted the demand for acetonitrile in Asia-Pacific region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Acetonitrile Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 South America PEST Analysis
4.3 Expert Opinions
4.4 LIST OF POTENTIAL BUYERS: ACETONITRILE
4.4.1 List of Potential Buyers: Pharmaceutical Industry
4.4.2 List of Potential Buyers: Analytical Industry
4.4.3 List of Potential Buyers: Agrochemical Industry
4.4.4 List of Potential Buyers: Extraction Industry
4.4.5 List of Potential Buyers: Other Industries
4.5 QUALITATIVE WRITEUP ON DIFFERENT ACETONITRILE TECHNOLOGIES
4.5.1 PROPYLENE AMMOXIDATION (SOHIO PROCESS)
4.5.2 ACETIC ACID + AMMONIA SYNTHESIS
4.5.3 ACETYLENE AMMONIFICATION
4.6 THE POTENTIAL THREAT FROM PRIONIL
5. Acetonitrile Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Importance of acetonitrile in the industrial and pharmaceutical industry
5.1.2 Good solvent properties of acetonitrile to boost its demand in the global market
5.2 Restraints
5.2.1 Increasing Demand for Substitute Products
5.3 Opportunities:
5.3.1 Growing demand from the developing countries
5.4 Trend
5.4.1 Production of acetonitrile from bio-ethanol ammoxidation
5.5 Impact Analysis
6. Acetonitrile – Global Market Analysis
6.1 Acetonitrile Market Overview
6.2 Acetonitrile Market–Revenue and Forecast to 2027 (US$ Mn)
6.3 Competitive Positioning – Key Market Players
7. Global Acetonitrile Market Analysis – By Type
7.1 Overview
7.2 Global Acetonitrile Market, by Type, (2019 and 2027)
7.3 Derivative
7.3.1 Overview
7.3.2 Derivative: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
7.4 Solvent
7.4.1 Overview
7.4.2 Solvent: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
8. Global Acetonitrile Market Analysis – By Application
8.1 Overview
8.2 Global Acetonitrile Market Breakdown, By Application, (2019 and 2027)
8.3 Pharmaceutical
8.3.1 Overview
8.3.2 Pharmaceutical: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
8.4 Analytical Industry
8.4.1 Overview.
8.4.2 Analytical Industry: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
8.5 Agrochemical
8.5.1 Overview
8.5.2 Agrochemical: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
8.6 Extraction
8.6.1 Overview
8.6.2 Extraction: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
9. Acetonitrile Market – Geographic Analysis
9.1 Overview
9.2 North America: Acetonitrile Market
9.2.1 North America: Acetonitrile Market – Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: Acetonitrile Market ,by Type
9.2.3 North America: Acetonitrile Market, by Application
9.2.4 North America: Acetonitrile Market, by Key Country
9.2.4.1 US: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Acetonitrile Market, by Type
9.2.4.1.2 US: Acetonitrile Market, by Application
9.2.4.2 Canada: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Acetonitrile Market, by Type
9.2.4.2.2 Canada: Acetonitrile Market, by Application
9.2.4.3 Mexico: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Acetonitrile Market, by Type
9.2.4.3.2 Mexico: Acetonitrile Market, by Application
9.3 Europe: Acetonitrile Market
9.3.1 Europe: Acetonitrile Market –Revenue and Forecast to 2027(US$ Million)
9.3.2 Europe: Acetonitrile Market, by Type
9.3.3 Europe: Acetonitrile Market, by Application
9.3.4 Europe: Acetonitrile Market, by Key Country
9.3.4.1 Germany: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 Germany: Acetonitrile Market, by Type
9.3.4.1.2 Germany: Acetonitrile Market, by Application
9.3.4.2 France: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 France: Acetonitrile Market, by Type
9.3.4.2.2 France: Acetonitrile Market, by Application
9.3.4.3 Italy: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Italy: Acetonitrile Market, by Type
9.3.4.3.2 Italy: Acetonitrile Market, by Application
9.3.4.4 UK: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK: Acetonitrile Market, by Type
9.3.4.4.2 UK: Acetonitrile Market, by Application
9.3.4.5 Russia: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Russia: Acetonitrile Market, by Type
9.3.4.5.2 Russia: Acetonitrile Market, by Application
9.3.4.6 Rest of Europe: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Acetonitrile Market, by Type
9.3.4.6.2 Rest of Europe: Acetonitrile Market, by Application
9.4 Asia Pacific: Acetonitrile Market
9.4.1 Asia Pacific: Acetonitrile Market – Revenue and Forecast to 2027(US$ Million)
9.4.2 Asia Pacific: Acetonitrile Market, by Type
9.4.3 Asia Pacific: Acetonitrile Market, by Application
9.4.4 Asia Pacific: Acetonitrile Market, by Key Country
9.4.4.1 China: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 China: Acetonitrile Market, by Type
9.4.4.1.2 China: Acetonitrile Market, by Application
9.4.4.2 Australia: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 Australia: Acetonitrile Market, by Type
9.4.4.2.2 Australia: Acetonitrile Market, by Application
9.4.4.3 Japan: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 Japan: Acetonitrile Market, by Type
9.4.4.3.2 Japan: Acetonitrile Market, by Application
9.4.4.4 India: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 India: Acetonitrile Market, by Type
9.4.4.4.2 India: Acetonitrile Market, by Application
9.4.4.5 South Korea: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 South Korea: Acetonitrile Market, by Type
9.4.4.5.2 South Korea: Acetonitrile Market, by Application
9.4.4.6 Rest of Asia Pacific: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: Acetonitrile Market, by Type
9.4.4.6.2 Rest of Asia Pacific: Acetonitrile Market, by Application
9.5 MEA: Acetonitrile Market
9.5.1 MEA: Acetonitrile Market – Revenue and Forecast to 2027(US$ Million)
9.5.2 MEA: Acetonitrile Market, by Type
9.5.3 MEA: Acetonitrile Market, by Application
9.5.4 MEA: Acetonitrile Market, by Key Country
9.5.4.1 South Africa: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 South Africa: Acetonitrile Market, by Type
9.5.4.1.2 South Africa: Acetonitrile Market, by Application
9.5.4.2 Saudi Arabia: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Saudi Arabia: Acetonitrile Market, by Type
9.5.4.2.2 Saudi Arabia: Acetonitrile Market, by Application
9.5.4.3 UAE: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.5.4.3.1 UAE: Acetonitrile Market, by Type
9.5.4.3.2 UAE: Acetonitrile Market, by Application
9.5.4.4 Rest of MEA: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA: Acetonitrile Market, by Type
9.5.4.4.2 Rest of MEA: Acetonitrile Market, by Application
9.6 South America (SAM): Acetonitrile Market
9.6.1 South America (SAM): Acetonitrile Market–Revenue and Forecast to 2027 (US$ Million)
9.6.2 South America (SAM): Acetonitrile Market, by Type
9.6.3 South America (SAM): Acetonitrile Market, by Application
9.6.4 South America (SAM): Acetonitrile Market Breakdown, by Key Countries
9.6.4.1 Brazil: Acetonitrile Market - Revenue and Forecasts to 2027 (US$ Mn)
9.6.4.1.1 Brazil: Acetonitrile Market, by Type
9.6.4.1.2 Brazil: Acetonitrile Market, by Application
9.6.4.2 Argentina: Acetonitrile Market - Revenue and forecast Forecasts to 2027 (US$ Mn)
9.6.4.2.1 Argentina: Acetonitrile Market, by Type
9.6.4.2.2 Argentina: Acetonitrile Market, by Application
9.6.4.3 Rest of SAM: Acetonitrile Market - Revenue and forecast Forecasts to 2027 (US$ Mn)
9.6.4.3.1 Rest of SAM: Acetonitrile Market, by Type
9.6.4.3.2 Rest of SAM: Acetonitrile Market, by Application
10. Impact of COVID-19 Pandemic on Global Acetonitrile Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact assessment of COVID-19 Pandemic
10.6 South America: Impact assessment of COVID-19 Pandemic
11. Company Profiles
11.1 AnQore B.V.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 Concord Technology (Tianjin) Co., Ltd.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 FORMOSA Plastic Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Imperial Chemical Corporation
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Honeywell International Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 INEOS AG
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 MITSUBISHI CHEMICAL CORPORATION
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.8 Nova Molecular Technologies
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.9 Taekwang Industrial Co Ltd
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.10 Tedia Company, Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Acetonitrile Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. North America: Acetonitrile Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 3. North America: Acetonitrile Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 4. US Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 5. US Acetonitrile Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 6. Canada Acetonitrile Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 7. Canada Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 8. Mexico Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 9. MexicoAcetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 10. Europe Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 11. Europe Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 12. Germany: Acetonitrile Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 13. Germany: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 14. France Acetonitrile Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 15. France: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 16. Italy: Acetonitrile Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 17. Italy: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 18. UK: Acetonitrile Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 19. UK: Acetonitrile Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 20. Russia: Acetonitrile Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 21. Russia: Acetonitrile Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 22. Rest of Europe: Acetonitrile Market, by Type– Revenue and Forecast to 2027 (USD Million)
Table 23. Rest of Europe: Acetonitrile Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 24. Asia Pacific Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 25. Asia Pacific Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 26. China Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 27. China Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 28. Australia Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 29. Australia Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 30. Japan Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 31. Japan: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 32. India: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 33. India: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 34. South Korea: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 35. South Korea: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 36. Rest of Asia Pacific: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 37. Rest of Asia Pacific: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 38. MEA: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 39. MEA Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 40. South Africa: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 41. South Africa: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 42. Saudi Arabia: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 43. Saudi Arabia: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 44. UAE: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 45. UAE: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 46. Rest of MEA Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 47. Rest of MEA: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 48. South America(SAM): Acetonitrile Market, by Type, 2017–2027 (USD Mn)
Table 49. South America(SAM): Acetonitrile Market, by Application, 2017–2027 (USD Mn)
Table 50. Brazil: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 51. Brazil: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 52. Argentina: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 53. Argentina: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 54. Rest of SAM: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 55. Rest of SAM: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 56. Glossary of terms, Acetonitrile Market
LIST OF FIGURES
Figure 1. Acetonitrile Market Segmentation
Figure 2. Acetonitrile Market Segmentation – By Geography
Figure 3. Global Acetonitrile Market Overview
Figure 4. Pharmaceutical Segment Is Expected To Grow At A Highest CAGR In The Global Acetonitrile Market
Figure 5. Asia-Pacific Held Largest Share of Global Acetonitrile Market
Figure 6. Global Acetonitrile Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. South America – PEST Analysis
Figure 12. Impact Analysis of Drivers and Restraints
Figure 13. Geographic Overview of Acetonitrile Market
Figure 14. Acetonitrile Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 15. Acetonitrile Market Revenue Share by Type, (2019 and 2027)
Figure 16. Derivative: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 17. Solvent: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 18. Acetonitrile Market Revenue Share, by Application (2019 and 2027)
Figure 19. Pharmaceutical: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Analytical Industry: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Agrochemical: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Extraction: Acetonitrile Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Others: Acetonitrile Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 24. Global Acetonitrile Market Revenue Share, by Region (2019 and 2027)
Figure 25. North America: Acetonitrile Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. North America: Acetonitrile Market Revenue Share, by Type(2019 and 2027)
Figure 27. North America: Acetonitrile Market Revenue Share, by Application(2019 and 2027)
Figure 28. North America: Acetonitrile Market Revenue Share, by Key Country (2019 and 2027)
Figure 29. US: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 30. Canada: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 31. Mexico: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 32. Europe: Acetonitrile Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Europe: Acetonitrile Market Revenue Share, by Type (2019 and 2027)
Figure 34. Europe: Acetonitrile Market Revenue Share, by Application (2019 and 2027)
Figure 35. Europe: Acetonitrile Market Revenue Share, by Key Country (2019 and 2027)
Figure 36. Germany: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 37. France: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 38. Italy: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 39. UK: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 40. Russia: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 41. Rest of Europe: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 42. Asia Pacific: Acetonitrile Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Asia Pacific: Acetonitrile Market Revenue Share, by Type (2019 and 2027)
Figure 44. Asia Pacific: Acetonitrile Market Revenue Share, by Application (2019 and 2027)
Figure 45. Asia Pacific: Acetonitrile Market Revenue Share, by Key Country (2019 and 2027)
Figure 46. China: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 47. Australia: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 48. Japan: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 49. India: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 50. South Korea: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 51. Rest of Asia Pacific: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 52. MEA: Acetonitrile Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. MEA: Acetonitrile Market Revenue Share, by Type (2019 and 2027)
Figure 54. MEA: Acetonitrile Market Revenue Share, by Application (2019 and 2027)
Figure 55. MEA: Acetonitrile Market Revenue Share, by Key Country (2019 and 2027)
Figure 56. South Africa: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 57. Saudi Arabia: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 58. UAE: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 59. Rest of MEA: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)
Figure 60. South America (SAM): Acetonitrile Market–Revenue and Forecast to 2027 (US$ Million)
Figure 61. South America (SAM): Acetonitrile Market Revenue Share, by Type (2019 and 2027)
Figure 62. South America (SAM): Acetonitrile Market Revenue Share, by Application (2019 and 2027)
Figure 63. South America (SAM): Acetonitrile Market Breakdown by Key Countries, (2019 and 2027)
Figure 64. Brazil: Acetonitrile Market - Revenue and Forecasts to 2027 (US$ Mn)
Figure 65. Argentina: Acetonitrile Market - Revenue and Forecasts to 2027 (US$ Mn)
Figure 66. Rest of SAM: Acetonitrile Market - Revenue and Forecasts to 2027 (US$ Mn)
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic In Europe Country Markets
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 70. Impact of COVID-19 Pandemic in Middle East And Africa Country Markets
Figure 71. Impact of COVID-19 Pandemic In South America Country Markets
The List of Companies - Global Acetonitrile Market
- 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.
- Tedia Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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