Acetonitrile Market by Type (Derivative and Solvent), Application (Pharmaceutical, Analytical Industry, Agrochemical, and Extraction), Region (Asia Pacific, Europe, North America, Middle East & Africa, and Latin America) - Global Forecast to 2022

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Date: 01-Dec-2017
No. of pages: 156
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“The acetonitrile market is projected to reach USD 277.1 million by 2022, at a CAGR of 4.8% between 2017 and 2022.”

The acetonitrile market is projected to grow from 219.2 million in 2017 to USD 277.1 million by 2022, at a CAGR of 4.8% during the forecast period. Increased demand for recrystallization of drugs from the pharmaceutical industry is fueling the growth of the acetonitrile market across the globe. Moreover, flourishing analytical industry is also leading to the growth of the acetonitrile market. However, a limited number of direct production facilities across the globe acts as a restraint to the growth of the acetonitrile market.

“The derivative type segment of the acetonitrile market is projected to grow at the highest CAGR during the forecast period, in terms of value.”

Based on type, the acetonitrile market has been classified into derivative and solvent. In terms of value, the derivative type segment of the acetonitrile market is projected to grow at the highest CAGR between 2017 and 2022. The growth of this segment of the market can be attributed increased use of acetonitrile in the pharmaceutical industry for manufacturing Vitamin B1 and sulfa pyrimidine. It is also used as a starting material for the synthesis of several chemicals such as alpha-naphthyl acetic acid, thiamine, acetophenone, and acetomidine.

“The Asia Pacific acetonitrile market is projected to grow at the highest CAGR from 2017 to 2022, in terms of value.”

In terms of value, the Asia Pacific acetonitrile market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific acetonitrile market can be attributed to the increased use of acetonitrile in the pharmaceutical and analytical industry applications. The Asia Pacific region is the most promising market for acetonitrile, and this trend is projected to continue in the coming years as well. Japan, China, and India are the major consumers of acetonitrile in the Asia Pacific region.

Breakdown of Primary Profiles of Primary Participants

In the process of determining and verifying the size of several segments and subsegments of the acetonitrile market that was gathered through secondary research, extensive primary interviews have been conducted with the key industry personnel. The break-up of profiles of primary participants has been given below.

Breakdown Of Profiles Of Primary Participants:


  • By Company Type: Tier 1 - 35%, Tier 2 - 41%, and Tier 3 - 24%

  • By Designation: C Level - 56%, Director Level - 28%, and Others - 16%

  • By Region: Asia Pacific - 33%, North America - 27%, Europe - 20%, the Middle East & Africa - 13%, and Latin America - 7%


INEOS AG (Switzerland), Asahi Kasei Corporation (Japan), Nova Molecular Technologies (US), Formosa Plastics Corporation (Taiwan), Avantor Performance Materials LLC (US), and Imperial Chemical Corporation (Taiwan) are some of the leading companies operating in the acetonitrile market.

Research Coverage:

This report offers an overview of the trends, drivers, and barriers for the acetonitrile market. It also provides a detailed overview of the acetonitrile market across five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America. The report categorizes the acetonitrile market based on type, application, and region. A detailed profile analysis of the leading players of the acetonitrile market, along with key growth strategies adopted by them is also covered in this report.

Reasons to Buy the Report:

This report covers the following key aspects:


  • What will be the size of the acetonitrile market by 2022 and what will be its growth rate during forecast period from 2017 to 2022

  • What are the key trends in the acetonitrile market

  • What are the factors expected to drive the growth of the acetonitrile market

  • What are the barriers expected to impact the growth of the acetonitrile market

  • Who are the key players in the acetonitrile market

  • This report covers acetonitrile market for five key regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, along with their respective key countries.

Acetonitrile Market by Type (Derivative and Solvent), Application (Pharmaceutical, Analytical Industry, Agrochemical, and Extraction), Region (Asia Pacific, Europe, North America, Middle East & Africa, and Latin America) - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in the Acetonitrile Market
4.2 Acetonitrile Market, By Type
4.3 Acetonitrile Market, By Material and Region
4.4 Acetonitrile Market, By Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Demand of Drug Recrystallization
5.2.1.2 Majorly Used Grade in HPLC Applications
5.2.2 Restraints
5.2.2.1 Limited Number of Direct Production Facility of Acetonitrile
5.2.2.2 Acrylonitrile-Acetonitrile Co Product Relationship
5.2.3 Opportunities
5.2.3.1 Ever Increasing Development of Pharmaceutical Industry
5.2.3.2 Increasing Use of Acetonitrile in Different Applications
5.2.4 Challenges
5.2.4.1 Required Knowledge and Proper Safety of Acetonitrile
5.2.4.2 Threats From Substitute
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.1.1  Limited Number of Substitutes
5.3.1.2 Favourable Grade for Recrystallization and HPLC Grade
5.3.2 Threat of New Entrants
5.3.2.1 Highly Consolidated Market
5.3.3 Bargaining Power of Buyers
5.3.3.1 Large Number of Buyers and Increasing Application Area
5.3.4 Bargaining Power of Suppliers
5.3.4.1 Few Established Players and Co Product Relationship
5.3.5 Intensity of Competitive Rivalry
5.3.5.1 Experienced Market Players
5.4 Microeconomic Indicators

6 Acetonitrile Market, By Type
6.1 Introduction
6.2 Derivative
6.3 Solvent

7 Acetonitrile Market, By Application
7.1 Introduction
7.2 Market Size and Projection
7.3 Pharmaceuticals
7.4 Analytical Industry
7.5 Agrochemical
7.6 Extraction
7.7 Others

8 Regional Analysis
8.1 Introduction
8.2 Asia Pacific
8.2.1 China
8.2.2 India
8.2.3 Japan
8.2.4 South Korea
8.2.5 Australia
8.2.6 Rest of Asia Pacific
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Russia
8.3.5 Italy
8.3.6 Spain
8.3.7 Rest of Europe
8.4 North America
8.4.1 US
8.4.2 Canada
8.5 Latin America
8.5.1 Mexico
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Rest of Latin America
8.6 Middle East & Africa
8.6.1 South Africa
8.6.2 UAE
8.6.3 Saudi Arabia
8.6.4 Rest of Middle East & Africa

9 Competitive Landscape
9.1 Overview
9.2 Market Ranking Analysis
9.3 Competitive Situation & Trends
9.3.1 Expansions
9.3.2 Joint Ventures
9.3.3 Acquisitions
9.3.4 Research & Development

10 Company Profiles
10.1 Ineos AG
10.1.1 Business Overview
10.1.2 Products Offered
10.1.3 Recent Developments
10.1.4 SWOT Analysis
10.1.5 MnM View
10.2 Asahi Kasei Corporation
10.2.1 Business Overview
10.2.2 Products Offered
10.2.3 Recent Developments
10.2.4 SWOT Analysis
10.2.5 MnM View
10.3 Formosa Plastic Corporation
10.3.1 Business Overview
10.3.2 Products Offered
10.3.3 Recent Developments
10.3.4 SWOT Analysis
10.3.5 MnM View
10.4 Imperial Chemical Corporation
10.4.1 Business Overview
10.4.2 Products Offered
10.4.3 Recent Developments
10.4.4 SWOT Analysis
10.4.5 MnM View
10.5 Nova Molecular Technologies, Inc.
10.5.1 Business Overview
10.5.2 Products Offered
10.5.3 Recent Developments
10.5.4 MnM View
10.6 Tedia Company, Inc.
10.6.1 Business Overview
10.6.2 Products Offered
10.6.3 Recent Developments
10.6.4 MnM View
10.7 Avantor Performance Materials, LLC
10.7.1 Business Overview
10.7.2 Products Offered
10.7.3 Recent Developments
10.7.4 MnM View
10.8 Shanghai Secco Petrochemical Company Limited
10.8.1 Business Overview
10.8.2 Products Offered
10.8.3 Recent Developments
10.8.4 MnM View
10.9 Qingdao Shida Chemical Co., Ltd.
10.9.1 Business Overview
10.9.2 Products Offered
10.9.3 Recent Development
10.9.4 MnM View
10.10 Nantong Acetic Acid Chemical Co., Ltd.
10.10.1 Business Overview
10.10.2 Products Offered
10.10.3 Recent Developments
10.10.4 MnM View
10.11 Taekwang Industrial Co., Ltd
10.11.1 Business Overview
10.11.2 Products Offered
10.11.3 Recent Developments
10.12 Connect Chemicals GmbH
10.12.1 Business Overview
10.12.2 Products Offered
10.12.3 Recent Developments
10.12.4. Concord Technology (Tianjin) Co., Ltd.
10.12.5 Biosolve Chimie
10.12.6 Gfs Chemicals, Inc.,
10.12.7 Central Marble Products
10.12.8 Jilin Provincial Chemicals Import & Export Co., Ltd.
10.12.9 Alfa Aesar
10.12.10 Honeywell Research Chemicals
10.10.11 Mitsubishi Chemical Corporation
10.10.12 Pharmco-Aaper
10.10.13 Zibo Luzhong Chemical and Light Industry Co., Ltd.
10.10.14 Meganite Inc.
10.10.15 Standard Reagents Pvt. Ltd.
10.10.16 Standard Reagents Pvt. Ltd.

11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details

List of Tables

Table 1 Acetonitrile Market Snapshot
Table 2 Europe Pharmaceutical Industry-Key Indicators of the Economic Footprint
Table 3 Acetonitrile Market, By Type, 2015-2022 (USD Million)
Table 4 Acetonitrile Market, By Type, 2015-2022 (Kilotons)
Table 5 Derivative Market, By Region, 2015-2022 (USD Million)
Table 6 Derivative Market, By Region, 2015-2022 (Kilotons)
Table 7 Solvent Market, By Region, 2015-2022 (USD Million)
Table 8 Solvent Market, By Region, 2015-2022 (Kilotons)
Table 9 Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 10 Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 11 Acetonitrile Market in Pharmaceutical, By Region, 2015-2022 (USD Million)
Table 12 Acetonitrile Market in Pharmaceutical, By Region, 2015-2022 (Kilotons)
Table 13 Acetonitrile Market in Analytical Industry, By Region, 2015-2022 (USD Million)
Table 14 Acetonitrile Market in Analytical Industry, By Region, 2015-2022 (Kiloton)
Table 15 Acetonitrile Market in Agrochemical, By Region, 2015-2022 (USD Million)
Table 16 Acetonitrile Market in Agrochemical, By Region, 2015-2022 (Kilotons)
Table 17 Acetonitrile Market in Extraction, By Region, 2015-2022 (USD Million)
Table 18 Acetonitrile Market in Extraction, By Region, 2015-2022 (Kilotons)
Table 19 Acetonitrile Market in Others, By Region, 2015-2022 (USD Million)
Table 20 Acetonitrile Market in Others, By Region, 2015-2022 (Kilotons)
Table 21 Acetonitrile Market, By Region, 2015–2022 (USD Million)
Table 22 Acetonitrile Market, By Region, 2015–2022 (Kilotons)
Table 23 Asia Pacific Acetonitrile Market, By Country, 2015-2022 (USD Million)
Table 24 Asia Pacific Acetonitrile Market, By Country, 2015-2022 (Kilotons)
Table 25 Asia Pacific Acetonitrile Market, By Type, 2015-2022 (USD Million)
Table 26 Asia Pacific Acetonitrile Market, By Type, 2015-2022 (Kilotons)
Table 27 Asia Pacific Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 28 Asia Pacific Acetonitrile Market, By Material, 2015-2022 (Kilotons)
Table 29 China Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 30 China Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 31 India Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 32 India Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 33 Japan Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 34 Japan Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 35 South Korea Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 36 South Korea Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 37 Australia Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 38 Australia Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 39 Rest of Asia Pacific Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 40 Rest of Asia Pacific Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 41 Europe Acetonitrile Market, By Country, 2015-2022 (USD Million)
Table 42 Europe Acetonitrile Market, By Country, 2015-2022 (Kilotons)
Table 43 Europe Acetonitrile Market, By Type, 2015-2022 (USD Million)
Table 44 Europe Acetonitrile Market, By Type, 2015-2022 (Kilotons)
Table 45 Europe Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 46 Europe Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 47 Germany Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 48 Germany Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 49 France Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 50 France Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 51 UK Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 52 UK Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 53 Russia Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 54 Russia Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 55 Italy Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 56 Italy Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 57 Spain Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 58 Spain Acetonitrile Market, By Applications, 2015-2022 (Kilotons)
Table 59 Rest of Europe Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 60 Rest of Europe Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 61 North America Acetonitrile Market, By Country, 2015-2022 (USD Million)
Table 62 North America Acetonitrile Market, By Country, 2015-2022 (Kilotons)
Table 63 North America Acetonitrile Market, By Type, 2015-2022 (USD Million)
Table 64 North America Acetonitrile Market, By Type, 2015-2022 (Kilotons)
Table 65 North America Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 66 North America Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 67 US Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 68 US Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 69 Canada Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 70 Canada Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 71 Latin America Acetonitrile Market, By Country, 2015-2022 (USD Million)
Table 72 Latin America Acetonitrile Market, By Country, 2015-2022 (Kilotons)
Table 73 Latin America Acetonitrile Market, By Type, 2015-2022 (USD Million)
Table 74 Latin America Acetonitrile Market, By Type, 2015-2022 (Kilotons)
Table 75 Latin America Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 76 Latin America Acetonitrile Market, By Material, 2015-2022 (Kilotons)
Table 77 Mexico Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 78 Mexico Acetonitrile Market, By Applications, 2015-2022 (Kilotons)
Table 79 Brazil Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 80 Brazil Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 81 Argentina Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 82 Argentina Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 83 Rest of Latin America Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 84 Rest of Latin America Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 85 Middle East & Africa Acetonitrile Market, By Country, 2015-2022 (USD Million)
Table 86 Middle East & Africa Acetonitrile Market, By Country, 2015-2022 (Kilotons)
Table 87 Middle East & Africa Acetonitrile Market, By Type, 2015-2022 (USD Million)
Table 88 Middle East & Africa Acetonitrile Market, By Type, 2015-2022 (Kilotons)
Table 89 Middle East & Africa Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 90 Middle East & Africa Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 91 South Africa Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 92 South Africa Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 93 UAE Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 94 UAE Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 95 Saudi Arabia Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 96 Saudi Arabia Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 97 Rest of Middle East & Africa Acetonitrile Market, By Application, 2015-2022 (USD Million)
Table 98 Rest of Middle East & Africa Acetonitrile Market, By Application, 2015-2022 (Kilotons)
Table 99 Expansions, 2012-2017
Table 100 Partnerships and Joint Ventures, 2011-2017
Table 101 Acquisitions, 2011-2016
Table 102 Research & Development, 2011-2016

List of Figures

Figure 1 Research Design: Acetonitrile Market
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Acetonitrile Market: Data Triangulation
Figure 5 Acetonitrile Market, By Type, 2017 vs 2022
Figure 6 Acetonitrile Market, By Region and By Application, 2017
Figure 7 Acetonitrile Market, By Application, 2017 vs 2022
Figure 8 Acetonitrile Market, By Region 2017
Figure 9 Increasing Demand for Acetonitrile From the Pharmaceutical Industry is Anticipated to Drive the Market Growth
Figure 10 The Derivative Segment Type of the Acetonitrile Market is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 11 The Alumina Trihydrate Material Segment is Estimated to Account for the Largest Share of the Acetonitrile Market in 2017
Figure 12 The Solid Surface Type Segment is Projected to Lead the Acetonitrile Market Between 2017 and 2022
Figure 13 Acetonitrile Market Dynamics
Figure 14 Acetonitrile Market: Porter’s Five Forces Analysis
Figure 15 The Derivative Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Asia Pacific is Anticipated to Lead the Derivative Segment During the Forecast Period
Figure 17 Asia Pacific is Anticipated to Lead the Solvent Segment During the Forecast Period
Figure 18 Pharmaceutical Segment is Expected to Lead the Acetonitrile Market Between 2017 & 2022
Figure 19 The Asia Pacific Region is Projected to Lead the Pharmaceutical Market During the Forecast Period
Figure 20 The Asia Pacific Region is Projected to Lead the Analytical Industry of the Acetonitrile Market During the Forecast Period
Figure 21 The Asia Pacific Region is Projected to Lead the Agrochemical Segment of the Acetonitrile Market During the Forecast Period
Figure 22 The Asia Pacific Region is Projected to Lead the Extraction Segment of the Acetonitrile Market During the Forecast Period
Figure 23 The Asia Pacific Region is Projected to Lead the Others Segment of the Acetonitrile Market During the Forecast Period
Figure 24 Acetonitrile Market Share, By Region, 2016
Figure 25 Asia Pacific Acetonitrile Market Snapshot
Figure 26 Europe Acetonitrile Market Snapshot
Figure 27 North America Acetonitrile Market Snapshot
Figure 28 Latin America Acetonitrile Market Snapshot
Figure 29 Middle East & Africa Acetonitrile Market Snapshot
Figure 30 Ineos AG: Company Snapshot
Figure 31 Ineos AG: SWOT Analysis
Figure 32 Asahi Kasei: SWOT Analysis
Figure 33 Formosa Plastics Corporation: Company Snapshot
Figure 34 Formosa Plastic Corporation: SWOT Analysis
Figure 35 Imperial Chemical Corporation: Company Snapshot
Figure 36 Imperial Chemical Corporation: SWOT Analysis
Figure 37 Nova Molecular Technologies, Inc.
Figure 38 Tedia Company, Inc.: Company Snapshot
Figure 39 Avantor Performance Materials, LLC: Company Snapshot
Figure 40 Shanghai Secco Petrochemical Company Limited: Company Snapshot
Figure 41 Qingdao Shida Chemical Co., Ltd.: Company Snapshot
Figure 42 Nantong Acetic Acid Chemical Co., Ltd.: Company Snapshot
Figure 43 Taekwang Industrial Co., Ltd: Company Snapshot
Figure 44 Connect Chemicals GmbH: Company Snapshot

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