IMARC Group, a leading market research company, has recently releases report titled “Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global acetonitrile market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the acetonitrile market?

What is Acetonitrile?

Acetonitrile is a translucent, organic nitrile employed as a polar aprotic solvent in the organic synthesis and purification of butadiene. The substance has a suitable liquid range, is miscible with water, and is used as a medium-polarity solvent in laboratories. It exhibits high eluting power and chemical stability and is compatible with liquid chromatography-mass spectrometry (LC/MS) solutions. Apart from this, it is widely used to manufacture pharmaceutical products, perfumes, rubber goods, pesticides, acrylic nail removers, and batteries. It is also used in polarography, lithium batteries, ultraviolet (UV) spectroscopy, and as a solvent for extracting fatty acids and oleochemicals derived from vegetable and animal oils.

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What are the growth prospects and trends in the acetonitrile industry?

The rapidly expanding pharmaceutical sector represents one of the key factors driving the market growth. Moreover, the surging product application as a solvent in the production of antibiotics and insulin and rising product usage in personal care and cosmetic products are creating a positive outlook for the market. In the automotive industry, acetonitrile is largely used to produce acrylonitrile butadiene styrene (ABS) plastics with enhanced mechanical strength and chemical resistance, which is providing an impetus to the market growth. Apart from this, the increasing product application in high-performance liquid chromatography (HPCL) and burgeoning investments in research and development (R&D) activities are accelerating the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by End-Use:

• Pharmaceuticals
• Analytical Industry
• Agrochemicals
• Extraction Industry
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Asahi Kasei Corporation
• Formosa Plastic Corporation
• Imperial Chemical Corporation
• Nova Molecular Technologies, Inc
• Tedia Company, Inc
• Avantor Performance Materials, LLC
• Shanghai Secco Petrochemical Company Limited
• Qingdao Shida Chemical Co., Ltd.
• Nantong Acetic Acid Chemical Co., Ltd
• Taekwang Industrial Co., Ltd

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