Acetonitrile Market Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

 

Acetonitrile Market

China is the world's largest consumer and one of the world's largest producers. China's entire manufacturing output in 2017 was estimated to be around 10 million tonnes. The expanding application of the product in end-use industries is fueling increased demand for the product in the region. As a solvent, HPLC solvents, semiconductor cleaning agent, and fine chemical intermediates, the product has a wide range of applications. The growth of the acetonitrile market in China has been aided by increased demand in the application industry.

Ammonia and propylene are used as acetonitrile feedstock. The Asia Pacific area is the greatest consumer of propylene, followed by North America and Western Europe. Polypropylene is made from propylene in large quantities. The Asia Pacific region also dominates the ammonia market, accounting for almost 60% of total market share. Europe and North America are the next two regions after Asia Pacific. The increased demand for these feedstocks has a substantial impact on the global acetonitrile industry.

One of the primary factors driving the Global Acetonitrile Market is the increasing use of acetonitrile in pharmaceutical and analytical sector applications. Furthermore, the thriving pharmaceutical sector throughout the world, as well as rising use of acetonitrile in the analytical industry, are likely to propel the acetonitrile market forward over the forecast period.

Furthermore, the compound's increasing use in the pharmaceutical industry, primarily as a solvent for casting and moulding plastic materials, as well as extracting fatty acids from animals and vegetable oils, is likely to enhance market growth. Furthermore, acetonitrile extraction operations will be fueled in the coming years by its increasing use in the production of personal care and cosmetic items, such as perfumes and acrylic nail removers.