Asia Pacific Acetonitrile Market to Grow at a CAGR of 5.3% to reach US$ 220.05million from 2020 to 2027

Asia Pacific Acetonitrile Market to 2027- Covid-19 Impact and Regional Analysis by Type (Derivative and Solvent); by Application (Pharmaceutical, Analytical, Agrochemical, Extraction, and Other Applications); and Country

Publication Month: Jul 2020 | Report Code: TIPRE00012091 | No. of Pages: 108 | Category: Chemicals and Materials | Status: Published
Covid

The Asia Pacific acetonitrile market was valued at US$ 138.87million in 2018 and is expected to reach US$ 220.05million by 2027; it is expected to grow at a CAGR of 5.3 % during the forecast period.

 

Acetonitrile, otherwise called methyl cyanide or ethane nitrile, is a dull, unpredictable, combustible, and lethal solvent. It is the simplest form of natural nitrile available and can be blended in with water alongside most other natural solvents. It additionally shows high miscibility with liquor, acetone, and epoxy gum with no obstruction with epoxy polymerization. Acetonitrile is dry fluid that is the least complex natural nitrile (hydrogen cyanide is a less complex one, but the cyanide anion isn't categorized under natural compounds). It is obtained as a byproduct of acrylonitrile production process. It is used as a polar aprotic solvent in natural amalgamation and butadiene refinement. It is utilized to make pharmaceuticals, aromas, elastic items, pesticides, acrylic nail removers, and batteries. Acetonitrile is also used in the process of removal of unsaturated fats from animal and vegetable oils.

 

The COVID-19 pandemic first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of March 2020, China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms confirmed cases and reported deaths. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdowns of the chemicals & materials industry and disruptions in supply chains due to lockdown of countries has created a strain on the supplies of the various products offered by this industry. Countries such as India and China have the highest number of confirmed cases of COVID-19 infection among all Asia Pacific countries. This is impacting the chemicals industry as the shutdowns called in the country, to contain the infection, are affecting the supply and distribution chains. In addition, the pandemic would also affect overall manufacturing processes, research, and development activities.

 

Asia Pacific acetonitrile Market

Asia Pacific acetonitrile Market

Get more information on this report :


 

Market Insights

Importance of acetonitrile in the industrial and pharmaceutical industry

Acetonitrile is regarded as a core solvent in the chemical industries, particularly in the pharmaceuticals industry, which accounts for ~70 % of the global demand for the same. The high demand for acetonitrile is due to its impeccable solvation ability toward a wide range of polar and nonpolar solutes, and physical properties such as low freezing/boiling points, low viscosity, and relatively low toxicity. Currently, the global pharmaceuticals industry reports two primary uses of acetonitrile, i.e., as laboratory solvents, particularly as a mobile phase in liquid chromatography analytical techniques and as an industrial process solvents in the manufacturing of antibiotics. Due to the need for high purity solvents in analytical techniques such as high performance liquid chromatography (HPLC), laboratories tend to use “Analar” grade acetonitrile, while industrial applications favor “technical grade” acetonitrile due to bulk requirements and lower cost. In both cases, the solvent is very highly refined in terms of purity, typically >99.9% for Analar and >99.5% for technical grade.

 

Type Insights

The Asia Pacific acetonitrile market, based on type, has been segmented into derivative and solvent. In 2018, the solvent segment accounted for a larger share of the Asia Pacific acetonitrile market, whereas the market for derivative is expected to grow at a higher CAGR during the forecast period. Acetonitrile, in its solvent form, is used for spinning fibers, casting and molding plastic products, extracting fatty acids from vegetable and animal oils, and manufacturing lithium batteries. As a solvent, it possesses strong dipole moment that imparts polarity to it, which implies that the organic modifier used in the mobile phase could have a powerful effect in reverse chromatography. It is also applied in DNA synthesis, peptide sequencing, and non-aqueous titrations owing to its solvent property.

                                                                       

Asia Pacific Acetonitrile Market, by Type – 2018 and 2027

Asia Pacific Acetonitrile Market, by Type – 2018 and 2027

Get more information on this report :


Application-Based Market Insights

Based on application, the acetonitrile market is segmented into pharmaceutical, analytical industry, agrochemical, extraction, and others. In 2018, the pharmaceutical segment dominated the Asia Pacific acetonitrile market; whereas, the analytical industry segment is expected to register the highest CAGR in the market during 2019–2027. Acetonitrile act as a key solvent in the pharmaceutical industry. It is used as a reagent, solvent or extraction solvent, and starting material vitamin A, vitamin B1, cortisone, carbonate drugs, and other amino acids syntheses. Aqueous acetonitrile is used to remove pesticide residues from agriculture samples before they are dispatched for HPLC-DAD determination. In laboratories, the compound is used in high-performance liquid chromatography analysis,and as a solvent for DNA synthesis and peptide sequencing. Acetonitrile finds its application in agrochemicals as it can be used in the synthesis of artificial fertilizers and pesticides. It also acts as one of the inherent ingredients in pesticides. In the form of an inherent ingredient, acetonitrile act as a solvent, allowing the active ingredients to penetrate the leaf surface of a plant. The compound also helps extract fluids from fatty acids. The others segment includes industrial uses, consumer uses, textiles, rubber products, and lithium batteries. Acetonitrile removes tars, phenols, and coloring matter from petroleum hydrocarbons.


Strategic Insights

Product development, merger and acquisition, and business planning are the commonly adopted strategies by companies to expand their product portfolio. Honeywell International Inc, Ineos AG, Mitsubishi Chemical Corporation, and Nova Molecular Technologies are among the market players implementing these strategies to enlarge their customer base and gain significant market share in Asia Pacific, which, in turn, permits them maintain their brand name in the Asia Pacific market.

 

Report Spotlights

  • Progressive industry trends in the Asia Pacific acetonitrile market that help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the Asia Pacific acetonitrile market from 2017 to 2027
  • Estimation of Asia Pacific acetonitrile demand across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the market competition in Asia Pacific
  • Market trends and outlook, coupled with factors driving and restraining the growth of the Asia Pacific acetonitrile market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to the Asia Pacific acetonitrile market growth
  • Asia Pacific acetonitrile market size at various nodes of market
  • Detailed overview and segmentation of the Asia Pacific acetonitrile market, as well as its dynamics in the industry
  • Asia Pacific acetonitrile market size in various regions with promising growth opportunities


Asia Pacific Acetonitrile Market, by
Type

 

  • Derivative
  • Solvent

 

Asia Pacific Acetonitrile Market, by Application

 

  • Pharmaceutical
  • Analytical Industry
  • Agrochemical
  • Extraction
  • Others

 

Company Profiles

 

  • Concord Technology (Tianjin) Co., Ltd.
  • Formosa Plastics Corporation
  • Imperial Chemical Corporation
  • Honeywell International Inc.
  • Ineos AG
  • Taekwang Industrial Co., Ltd.
  • Mitsubishi Chemical Corporation

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Asia Pacific Acetonitrile Market – By Type

1.3.2        Asia Pacific Acetonitrile Market – By Application

1.3.3        Asia Pacific Acetonitrile Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Acetonitrile Market Landscape

4.1         Market Overview

4.1.1        Asia Pacific PEST Analysis

5.           Acetonitrile Market – Key Industry Dynamics

5.1         Key Market Drivers

5.1.1        Importance of acetonitrile in the industrial and pharmaceutical industry

5.1.2        Good solvent properties of acetonitrile to boost its demand in the global market

5.2         Key Market Restraints

5.2.1        Increasing Demand for Substitute Products

5.3         Key Market Opportunities

5.3.1        Growing demand from the developing countries

5.4         Key Future Trends

5.4.1        Production of acetonitrile from bio-ethanol ammoxidation

5.5         Impact Analysis of Drivers and Restraints

6.           Acetonitrile– Asia Pacific Market Analysis

6.1         Asia Pacific Acetonitrile Market Overview

6.2         Asia Pacific Acetonitrile Market Forecast and Analysis

7.           Asia Pacific Acetonitrile Market Analysis - By Type

7.1         Overview

7.2         Derivative

7.2.1        Overview

7.2.2        Asia Pacific Derivative Acetonitrile Revenue and Forecasts to 2027 (US$ MN)

7.3         Solvent

7.3.1        Overview

7.3.2        Asia Pacific Solvent Acetonitrile Market, Revenue Forecast to 2027 (US$ Mn)

8.           Asia Pacific Acetonitrile Market Analysis – By Application

8.1         Overview

8.2         Asia Pacific Acetonitrile Market Breakdown, By Application, 2018 & 2027

8.3         Pharmaceutical

8.3.1        Overview

8.3.2        Asia Pacific Pharmaceutical Acetonitrile Market Revenue and Forecasts to 2027 (US$ MN)

8.4         Analytical Industry

8.4.1        Overview

8.4.2        Asia Pacific Analytical Industry Acetonitrile Market Revenue and Forecasts to 2027 (US$ MN)

8.5         Agrochemical

8.5.1        Overview

8.5.2        Asia Pacific Agrochemical Acetonitrile Market Revenue and Forecasts to 2027 (US$ MN)

8.6         Extraction

8.6.1        Overview

8.6.2        Asia Pacific Extraction Acetonitrile Market Revenue and Forecasts to 2027 (US$ MN)

8.7         Others

8.7.1        Overview

8.7.2        Asia Pacific Others Acetonitrile Market Revenue and Forecasts to 2027 (US$ MN)

9.           Asia Pacific Acetonitrile Market – Country Analysis

9.1         Overview

9.1.1        Asia Pacific Acetonitrile Market Breakdown, by Key Countries

9.1.1.1          China: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          China: Acetonitrile Market, by Type

9.1.1.1.2          China: Acetonitrile Market, by Application

9.1.1.2          Australia: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          Australia: Acetonitrile Market, by Type

9.1.1.2.2          Australia: Acetonitrile Market, by Application

9.1.1.3          Japan: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          Japan: Acetonitrile Market, by Type

9.1.1.3.2          Japan: Acetonitrile Market, by Application

9.1.1.4          India: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1          India: Acetonitrile Market, by Type

9.1.1.4.2          India: Acetonitrile Market, by Application

9.1.1.5          South Korea: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.5.1          South Korea: Acetonitrile Market, by Type

9.1.1.5.2          South Korea: Acetonitrile Market, by Application

9.1.1.6          Rest of Asia Pacific: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

9.1.1.6.1          Rest of Asia Pacific: Acetonitrile Market, by Type

9.1.1.6.2          Rest of Asia Pacific: Acetonitrile Market, by Application

10.        Impact of COVID-19 Pandemic on Asia Pacific Acetonitrile Market

10.1      Overview

10.2      Asia Pacific: Impact Assessment of COVID-19 Pandemic

11.        Company Profiles

11.1      Honeywell International Inc.

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.2      Concord Technology (Tianjin) Co., Ltd.

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.3      FORMOSA Plastic Corporation

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.4      INEOS AG

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.5      MITSUBISHI CHEMICAL CORPORATION

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.6      Taekwang Industrial Co Ltd

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.7      Imperial Chemical Corporation

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

12.        Appendix

12.1      About the Insight Partners

12.2      Glossary

LIST OF TABLES

Asia Pacific Acetonitrile Market Revenue and Forecasts to 2027 (US$ Mn)

Table 1.             Asia Pacific Acetonitrile Market Revenue and Forecasts to 2027 – By Type (US$ Mn)

Table 2.             China Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 3.             China Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 4.             Australia Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 5.             Australia Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 6.             Japan Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 7.             Japan: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 8.             India: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 9.             India: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 10.          South Korea: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 11.          South Korea: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 12.          Rest of Asia Pacific: Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 13.          Rest of Asia Pacific: Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 14.          Glossary of Terms, Asia Pacific Acetonitrile Market

 

LIST OF FIGURES

Figure 1.           Asia Pacific Acetonitrile Market Segmentations

Figure 2.           Asia Pacific Acetonitrile Market Segmentation – By Country

Figure 3.           Asia Pacific Acetonitrile Market Overview

Figure 4.           Solvent Acetonitrile Held Largest Share In The Asia Pacific Acetonitrile Market By Type

Figure 5.           China Dominated The Asia Pacific Acetonitrile Market In 2018

Figure 6.           Asia Pacific Acetonitrile Market, Industry Landscape

Figure 7.           Asia Pacific– Pest Analysis

Figure 8.           Acetonitrile Market Impact Analysis of Driver And Restraints

Figure 9.           Asia Pacific Acetonitrile Market Forecast and Analysis, (US$ Mn)

Figure 10.        Asia Pacific Acetonitrile Market Breakdown by Type, 2018 & 2027 (%)

Figure 11.        Asia Pacific Derivative Acetonitrile Revenue and Forecasts to 2027 (US$ Mn)

Figure 12.        Asia Pacific Solvent Acetonitrile Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 13.        Asia Pacific Acetonitrile Market Breakdown by Application, Value, 2018 & 2027 (%)

Figure 14.        Asia Pacific Pharmaceutical Acetonitrile Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 15.        Asia Pacific Analytical Industry Acetonitrile Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 16.        Asia Pacific Agrochemical Acetonitrile Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 17.        Asia Pacific Extraction Acetonitrile Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 18.        Asia Pacific Others Acetonitrile Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 19.        Asia Pacific Acetonitrile Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 20.        Asia Pacific Acetonitrile Market Breakdown by Key Countries, 2018 & 2027(%)

Figure 21.        China: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

Figure 22.        Australia: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Japan: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

Figure 24.        India: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

Figure 25.        South Korea: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Rest of Asia Pacific: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic In Asia Pacific Country Markets

 

The List of Companies - Asia Pacific Acetonitrile Market

  1. Concord Technology (Tianjin) Co., Ltd.
  2. Formosa Plastics Corporation
  3. Imperial Chemical Corporation
  4. Honeywell International Inc.
  5. IneosAG
  6. Taekwang Industrial Co., Ltd.
  7. Mitsubishi Chemical Corporation
  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific acetonitrile market, thereby allowing players to develop effective long term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
TIPRE00012091
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Pricing