Asia Pacific Acetonitrile Market
The Asia Pacific acetonitrile market was valued at US$ 138.87million in 2018 and is expected to reach US$ 220.05million by 2027; it is expected to grow at a CAGR of 5.3 % during the forecast period.
Acetonitrile, otherwise called methyl cyanide or ethane nitrile, is a dull, unpredictable, combustible, and lethal solvent. It is the simplest form of natural nitrile available and can be blended in with water alongside most other natural solvents. It additionally shows high miscibility with liquor, acetone, and epoxy gum with no obstruction with epoxy polymerization. Acetonitrile is dry fluid that is the least complex natural nitrile (hydrogen cyanide is a less complex one, but the cyanide anion isn't categorized under natural compounds). It is obtained as a byproduct of acrylonitrile production process. It is used as a polar aprotic solvent in natural amalgamation and butadiene refinement. It is utilized to make pharmaceuticals, aromas, elastic items, pesticides, acrylic nail removers, and batteries. Acetonitrile is also used in the process of removal of unsaturated fats from animal and vegetable oils.
The COVID-19 pandemic first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of March 2020, China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms confirmed cases and reported deaths. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdowns of the chemicals & materials industry and disruptions in supply chains due to lockdown of countries has created a strain on the supplies of the various products offered by this industry. Countries such as India and China have the highest number of confirmed cases of COVID-19 infection among all Asia Pacific countries. This is impacting the chemicals industry as the shutdowns called in the country, to contain the infection, are affecting the supply and distribution chains. In addition, the pandemic would also affect overall manufacturing processes, research, and development activities.
Strategic insights for the Asia Pacific Acetonitrile provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 138.87 Million |
| Market Size by 2027 | US$ 220.05 Million |
| Global CAGR (2018 - 2027) | 5.3 % |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Acetonitrile refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Market Insights
Importance of acetonitrile in the industrial and pharmaceutical industry
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 Insights
The Asia Pacific acetonitrile market, based on type, has been segmented into derivative and solvent. In 2018, the solvent segment accounted for a larger share of the Asia Pacific acetonitrile market, whereas the market for derivative is expected to grow at a higher CAGR during the forecast period. Acetonitrile, in its solvent form, is used for spinning fibers, casting and molding plastic products, extracting fatty acids from vegetable and animal oils, and manufacturing lithium batteries. As a solvent, it possesses strong dipole moment that imparts polarity to it, which implies that the organic modifier used in the mobile phase could have a powerful effect in reverse chromatography. It is also applied in DNA synthesis, peptide sequencing, and non-aqueous titrations owing to its solvent property.
Strategic insights for the Asia Pacific Acetonitrile provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 138.87 Million |
| Market Size by 2027 | US$ 220.05 Million |
| Global CAGR (2018 - 2027) | 5.3 % |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Acetonitrile refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Application-Based Market Insights
Based on application, the acetonitrile market is segmented into pharmaceutical, analytical industry, agrochemical, extraction, and others. In 2018, the pharmaceutical segment dominated the Asia Pacific acetonitrile market; whereas, the analytical industry segment is expected to register the highest CAGR in the market during 2019–2027. Acetonitrile act as a key solvent in the pharmaceutical industry. It is used as a reagent, solvent or extraction solvent, and starting material vitamin A, vitamin B1, cortisone, carbonate drugs, and other amino acids syntheses. Aqueous acetonitrile is used to remove pesticide residues from agriculture samples before they are dispatched for HPLC-DAD determination. In laboratories, the compound is used in high-performance liquid chromatography analysis,and as a solvent for DNA synthesis and peptide sequencing. Acetonitrile finds its application in agrochemicals as it can be used in the synthesis of artificial fertilizers and pesticides. It also acts as one of the inherent ingredients in pesticides. In the form of an inherent ingredient, acetonitrile act as a solvent, allowing the active ingredients to penetrate the leaf surface of a plant. The compound also helps extract fluids from fatty acids. The others segment includes industrial uses, consumer uses, textiles, rubber products, and lithium batteries. Acetonitrile removes tars, phenols, and coloring matter from petroleum hydrocarbons.
Strategic Insights
Product development, merger and acquisition, and business planning are the commonly adopted strategies by companies to expand their product portfolio. Honeywell International Inc, Ineos AG, Mitsubishi Chemical Corporation, and Nova Molecular Technologies are among the market players implementing these strategies to enlarge their customer base and gain significant market share in Asia Pacific, which, in turn, permits them maintain their brand name in the Asia Pacific market.
Report Spotlights
Asia Pacific Acetonitrile Market, by Type
Asia Pacific Acetonitrile Market, by Application
Company Profiles
The List of Companies - Asia Pacific Acetonitrile Market
The Asia Pacific Acetonitrile Market is valued at US$ 138.87 Million in 2018, it is projected to reach US$ 220.05 Million by 2027.
As per our report Asia Pacific Acetonitrile Market, the market size is valued at US$ 138.87 Million in 2018, projecting it to reach US$ 220.05 Million by 2027. This translates to a CAGR of approximately 5.3 % during the forecast period.
The Asia Pacific Acetonitrile Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Acetonitrile Market report:
The Asia Pacific Acetonitrile Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Acetonitrile Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Acetonitrile Market value chain can benefit from the information contained in a comprehensive market report.
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