Acetonitrile Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Global Acetonitrile Market reached USD 220 million in 2022 and is expected to reach USD 430 million by 2031, growing with at a CAGR of 4.7% during the forecast period 2024-2031

Acetonitrile is a colorless, volatile, and flammable organic solvent with the chemical formula C₂H₃N. It is widely used in chemical synthesis, pharmaceuticals, and laboratory applications, particularly as a solvent in high-performance liquid chromatography (HPLC). Acetonitrile is a byproduct of acrylonitrile production and is known for its high polarity and low viscosity. Despite its utility, it should be handled with care due to its toxic and flammable nature.

List of the Key Players in the Acetonitrile Market:

INEOS, Imperial Chemical Corporation, Connect Chemicals GmbH, Nantong Acetic Acid Chemical Co., Ltd., GFS Chemicals, Inc., Asahi Kasei, Formosa Plastic Corporation, Tedia Company, Inc., Avantor Performance Applications, LLC and Mitsubishi Chemical Corporation

Industry Development:

In April 2022, INEOS Nitriles, a subsidiary of the British multinational chemical firm INEOS Group, expanded production at its primary operating site in Köln, Germany.

In 2022, Balaji Amines Limited, an Indian manufacturer of specialty chemicals, aliphatic amines, and derivatives, announced plans to invest in a second acetonitrile plant with a 15,000 TPA capacity as part of its Phase-2 expansion. The facility is expected to commence operations by mid-FY24.

Growth Forecast Projected:

The Global Acetonitrile Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Acetonitrile Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Acetonitrile Market:

By Type: Solvents , Derivatives

By Application: Agrochemical, Pharmaceutical, Analytical & Extraction Industry, Others

Regional Analysis for Acetonitrile Market:

The regional analysis of the Acetonitrile Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

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