Propionitrile also called as propanenitrile and ethyl cyanide is an organic compound with molecular formula CH3CH2Cn. It is colorless, highly soluble in water, alcohol, and ethanol. It is used for production of hardener of epoxy resin, 2-ethyl-4-methylimidazole, and sulfafurazole. Propionitrile is used as a solvent in chemical industry. It is serve as a building block to make intermediates, which are useful in agriculture, personal care, and pharmaceutical industry.

Increasing demand for propionitrile from pharmaceutical industry is driving growth of the global propionitrile market, owing to its applications in pharmaceutical industry, as solvent and intermediate. It is serves as a building block that is used in the preparation of the pharmaceutical drug flopropione by the Houben-Hoesch reaction. For instance, according to the India Brand Equity Foundation (IBEF), the pharmaceutical sector in India accounted for 2.4% share of the global pharmaceutical industry in terms of value in 2017, and is expected to expand at a CAGR of 12.89% during 2015 to 2020.

However, high exposure to propionitrile can cause vomiting, nausea, headache, confusion, weakness, dizziness which are the major factors restraining growth of the global propionitrile market.

Market Outlook

North America held dominant position in the global propionitrile market in 2017, owing to growing pharmaceutical industry in the region, which is propelling demand for propionitrile. Propionitrile is used to prepare flopropione, which is used as spasmolytic agent and serotonin receptor antagonist that acts as an inhibitor in pharmaceutical industry. For instance, according to the International Trade Association (ITA), total pharmaceutical sales in 2016, was valued at US$ 333 billion in the U.S.

Key Players

Key players operating in the global propionitrile market include Ascend Performance Materials, Indo Amines Limited, Sigma Solvents Pvt. Ltd., Keepchem Pharmaceutical Co., Ltd., Parchem fine & specialty chemicals, Eve Li Shanghai Worldyang Chemical Co., Limited, Toronto Research Chemicals, Merck KGaA, Zhangjiagang BeiLi Chemicals Co., Ltd., A. B. Enterprises, Triveni Interchem P. Ltd., Zhishang Group and eMolecules, Inc.

Market Taxonomy

On the basis of application the global propionitrile market is segmented into:

  • Additives
  • Intermediates

On the basis of end-use industry the global propionitrile market is segmented into:

  • Pharmaceutical
  • Personal Care
  • Agriculture

On the basis of region, the global propionitrile market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa

Research Methodology

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:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

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.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

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:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

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.

Data Standardization

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:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

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.

Data Validation

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:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users