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Report Overview
The global acetonitrile market size reached a consumption volume of around 141.63 KMT in 2024. The consumption of acetonitrile is expected to grow at a CAGR of around 5.10% in the forecast period 2025-2034 to reach a volume of around 232.91 KMT by 2034. The market for acetonitrile is seeing a strong increase in demand across a number of verticals due to its extensive applications. Acetonitrile plays an essential role as a high-purity solvent in pharmaceutical manufacturing, mostly during drug synthesis and research. Due to its increasing use in cleaning and purification processes in the electronics industry and liquid crystal displays (LCDs), the market is further strengthened. Moreover, the increasing demand for acetonitrile in the manufacture of semiconductors is expected to drive market growth. Due to applications in several sectors, the acetonitrile market is projected to continue growing as manufacturers also introduce new technologies and industrial requirements rise.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Acetonitrile Market Analysis
The global acetonitrile market is significantly being driven by the ever-growing pharmaceuticals industry. The demand for pharmaceuticals is rapidly increasing owing to the rising healthcare sector and the advancing technologies. The product is widely being used as solvents in manufacturing insulin and antibiotics. It also finds its uses in DNA synthesis. The pharmaceuticals industry is widely growing, especially in the developing regions of the Asia Pacific regions, with China and India accounting for the highest growth rate.
The acetonitrile market is also being aided by its rising application in the HPCL sector, that is, high-performance liquid chromatography. The rising use of acetonitrile in synthesising several nutrients is also propelling the market growth further. Acetonitrile has wide applications as a solvent in UV spectroscopy, polarography, and lithium batteries. The product helps in the casting, as well as moulding of plastic materials and for spinning fibres. It is also used as a solvent for extracting oleochemicals like fatty acids from animal and vegetable oils. In chemical laboratories, it can be used to detect chemical residues. The increasing use of acetonitrile as a semiconductor cleaning agent and as fine chemical intermediates is also providing an impetus to the acetonitrile market growth.
Acetonitrile Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global acetonitrile market reached a volume of around 141.63 KMT in 2024.
The market is projected to grow at a CAGR of nearly 5.10% in the forecast period of 2025-2034.
The market is estimated to reach a volume of around 232.91 KMT by 2034.
The major market drivers include the growing use of acetonitrile in the pharmaceutical sector and the surging applications of acetonitrile as a semiconductor cleaning agent.
The key trends guiding the market include technological advancements and innovations in the healthcare sector, rising applications of acetonitrile in the HPCL sector, and the surging use of acetonitrile for detecting chemical residues.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The significant end uses of acetonitrile are pharmaceuticals, analytical industry, agrochemicals, and extraction industry, among others.
The leading players in the market are Ineos AG, Asahi Kasei Corporation, Formosa Plastic Corporation, Imperial Chemical Corporation, Honeywell International Inc, Cepsa, Alkyl Amines Chemicals Limited, Henan GP Chemicals Co.,Ltd, Shandong Xinhua Pharma, Zhengzhou Meiya Chemical Products Co.,Ltd, and Jindal Speciality Chemical, among others.
As per the market report, the Asia Pacific region has accounted for the largest market share.
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