Europe Acetonitrile Market
The Europe acetonitrile market was valued at US$
36.31Mn in 2018 and is projected to reach US$
55.41Mn by 2027, it is expected to grow at a CAGR of 4.8% during the forecast period
Acetonitrile, otherwise called methyl cyanide or ethanenitrile, is a dull, unpredictable, combustible, and lethal solvent. It is available in the simplest form of natural nitrile 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 byproductof the acrylonitrile production process. It is utilized as a polar aprotic solvent in natural amalgamation and butadienerefinement. 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.
Effect of COVID-19 on EuropeAcetonitrile Market
Wuhan (China) registered the emergence of COVID-19 outbreak in December 2019, and since then, it has spread at a fast pace worldwide. 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. Surfaces play a significant role in transmitting pathogens; hence, preventing them from getting contaminated is important. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdowns of 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. In Europe, Russiais the hardest-hit country by this pandemic. It is expected to suffer an economic hit due to the discontinuation of revenues from various industries. Other member states in the EU have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
Strategic insights for the Europe 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$ 36.31 Million |
| Market Size by 2027 | US$ 55.41 Million |
| Global CAGR (2018 - 2027) | 4.8% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe 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 industrial and pharmaceutical applications
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 Europe acetonitrile market based on type has been segmented into derivative and solvent. In 2018, the solvent segment accounted for a larger share of the Europe 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, acetonitrile possesses strong dipole moment which implies that the organic modifier used in the mobile phase that have a powerful effect on reverse chromatography. It is also applied in DNA synthesis, peptide sequencing, and non-aqueous titrations owing to its solvent property.
Strategic insights for the Europe 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$ 36.31 Million |
| Market Size by 2027 | US$ 55.41 Million |
| Global CAGR (2018 - 2027) | 4.8% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe 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, agro chemical, extraction and others. In 2018, the pharmaceutical segment dominated the Europe acetonitrile market; whereas, the analytical industry segment is expected to grow at the fastest rate during 2019–2027. Acetonitrile act as a key solvent in the pharmaceutical 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 some amino acids. Aqueous acetonitrile is used to remove pesticide residues from agriculture samples before they are dispatched for HPLC-DAD determination. In laboratories, acetonitrile is used in the analysis of high performance liquid chromatography and as a solvent for DNA synthesis and peptide sequencing. Acetonitrile finds its application in agrochemicals as it synthesizes artificial fertilizers and pesticides. Acetonitrile 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. Acetonitrile helps in the extraction of fluids from fatty acids. The other segment of acetonitrile 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 portfolioAnqore BV, Formosa Plastic Corporation, Honeywell International Inc, Ineos AG and Mitsubishi Chemical Corporation are among the market players implementing this strategyto enlarge the customer base and gain significant market share in Europe, which in turn permits them maintain their brand name in the Europe market.
Report Spotlights
Europe Acetonitrile Market – By Form
Europe Acetonitrile Market, by Application
Company Profiles
The List of Companies- Europe Acetonitrile Market
The Europe Acetonitrile Market is valued at US$ 36.31 Million in 2018, it is projected to reach US$ 55.41 Million by 2027.
As per our report Europe Acetonitrile Market, the market size is valued at US$ 36.31 Million in 2018, projecting it to reach US$ 55.41 Million by 2027. This translates to a CAGR of approximately 4.8% during the forecast period.
The Europe 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 Europe Acetonitrile Market report:
The Europe Acetonitrile Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Acetonitrile Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Acetonitrile Market value chain can benefit from the information contained in a comprehensive market report.
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