Acetonitrile Market size is expected to reach USD 293.2 Million by the end of 2023

07/mag/2019 14:58:21 Market Data Forecast Contatta l'autore

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Market Overview:

Acetonitrile Market size is expected to grow moderately during the forecast period (2018-2023). The Asia and Pacific is expected to grow faster among the other regions

Market Drivers and Restraints:

Acetonitrile is a fresh product for many industries, such as the pharmaceutical and biotechnology industry, various additives for specialty chemicals, HPLC and the electronics industry. The increasing demand for these industries has stimulated the growth of the market. Besides, the growing demand for acetonitrile derivatives such as acrylic fibers, polyacrylamide, and acrylic plastics is also one of the reasons for market growth. The growth of this market is driven by growth. Every day, a new type of medication is prepared to cure various ailments. The acetonitrile is expected to post potential growth in the recycling industry, which will also stimulate market growth. The increase in prices, the strong fluctuations in the availability of materials and irregular supplies have affected the growth of the market. The use of other solvents and stringent environmental policies is also the reason for the slowdown in market growth.

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Acetonitrile Market Segmented as:

By Type:

        Derivatives

        Solvents

By Application:

        Pharmaceutical

        Analytic & Extraction

        Agrochemicals

Acetonitrile Market Geographical segmentation:

By geography, the market is segmented in Latin America, Asia Pacific, Europe, North America, the Middle East, and Africa. Asia and the Pacific region is expected to experience the fastest growth in the forecast period (2018-2023), both in terms of volume and size. It is perceived as a market center for key players, and the rapid increase in the pharmaceutical industry in the region is responsible for the growth of this region. Agrochemicals are also a reason for growth in this region. China and India are expected to be the leading market owners in this region.

Acetonitrile Market Key Market Players:

Here are some key players in the acetonitrile market: INEOS (United Kingdom), Asahi Kasei (Japan), CNPC Jilin Chemical Group (China), Imperial Chemical Corporation, AlzChem AG, Dow Du Pont (United States of America), Purification Technologies Inc ., Sigma-Aldrich, Sterling Chemicals, JT Baker Chemical, GFS Chemicals Inc., Alchemist, BP Chemicals, Continental Industries Group Inc., NeuChem Inc. and Filo Chemical Incorporated. INEOS (United Kingdom) is a global manufacturer of petrochemical products, specialty chemicals, and petroleum products. It has 34 companies, each with significant assets in the chemical sector. Manufacturers and markets acetonitriles throughout the world. It has a wide range of co-products based on acetonitrile, such as:

        Oxazole is a useful additive in oils and solvents for many industries.

        Hydrogen cyanide (HCN)

        Acetone cyanohydrins (ACH)

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The Scope of the report:

The report offers a comprehensive assessment of the market potential and forecasts with utmost granularity. Along with this, the influential factors influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the regional and country-level market had assessed, and the prospects with huge growth potential identified and debated.

About Us:

Market Data Forecast is based on market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains.

For more information:   

Abhishek Shukla

Sales Manager at Market Data Forecast

Email: abhishek@marketdataforecast.com

Tel: + 1-888-702-9626

Website: https://www.marketdataforecast.com/

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