Acetonitrile is a polar, organic, and colorless liquid with aromatic odor and produced mainly as a byproduct during the manufacture of acrylonitrile. It is mainly used as a solvent in the purification of butadiene in refineries, pharmaceuticals, casting & molding of plastic materials, perfume production, extraction of fatty acids from animal & vegetable oil, and others.
Acetonitrile finds its major application in pharmaceutical industry as a key solvent in the manufacturing of antibiotics, owing to its favorable physical and chemical properties such as low freezing/boiling point and low viscosity. It is also regarded as safe over other major solvents such as dichloromethane due to low toxicity. Growing pharmaceutical industry is expected to provide major growth traction to the global acetonitrile market during the forecast period. According to International Trade Association, global pharmaceutical market was registered at US$ 1 trillion in 2015, which is expected to increase to US$ 1.3 trillion by 2020.
Acute inhalation or contact with acetonitrile can cause eye, skin, or respiratory irritation. It is also flammable due to low flash point. Such handling issues prevent the extensive use of acetonitrile, which can hinder the growth of the market during the forecast period.
Asia Pacific holds dominant position in the global acetonitrile market, owing to growing pharmaceutical and chemical industries in the region. For instance, according to International Trade Association, China was the second biggest pharmaceutical market in 2015, with a value of US$ 108 billion, which is expected to increase to US$ 167 billion by 2020.
Key Players in the Global Acetonitrile Market:-
Key players operating in the global acetonitrile market include Merck KGaA, BASF SE, INEOS Nitriles Limited, Asahi Kasei Corporation, Mitsubishi Chemical Corporation, The Chemical Company, Fisher Scientific UK Ltd, Imperial Chemical Corporation, Avantor Inc., and Nova Molecular Technologies.
Key companies focus on adopting various organic and inorganic growth strategies, in order to enhance its production capacity. For instance, in May 2018, Balaji Amines Ltd. announced plans to expand its annual acetonitrile production capacity from 10,000 MT to 30,000 MT by 2019.
On the basis of type, the global acetonitrile market is segmented into:
On the basis of application, the global acetonitrile market is segmented into
On the basis of region, the global acetonitrile market is segmented into:
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.