North America Acetonitrile Market to Grow at a CAGR of 5.1% to reach US$ 61.37Mn from 2020 to 2027

North America 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: TIPRE00012088 | No. of Pages: 105 | Category: Chemicals and Materials | Status: Published
Covid

The North America acetonitrile market was valued at US$ 39.17Mn in 2018 and is projected to account to US$ 61.37Mn by 2027; it is expected to grow at a CAGR of 5.1% during 2019–2027.

 

Acetonitrile, otherwise called methyl cyanide or ethanenitrile, is a dull, unpredictable, combustible, and lethal solvent. It is the simplest form ofnatural 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 utilized as a polar aprotic solvent in natural amalgamation and butadienerefinement. 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. Surfaces play a significant role in transmitting pathogens; hence, preventing them from getting contaminated is important. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdowns of 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. The US has the highest number of confirmed cases of COVID-19 infection among all North American countries. This is impacting the consumer goods industry as the shutdowns in the country to contain the infection are affecting the North American supply and distribution chains. In addition, the pandemic would also affect overall manufacturing processes, research, and development activities.

 

North America Acetonitrile Market

North America Acetonitrile Market

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Market Insights

Importance of acetonitrile in industrial and pharmaceutical applications

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 acetonitrile market based on type has been segmented into derivative and solvent. In 2018, the solvent segment accounted for a larger share of the North America 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, acetonitrile possesses strong dipole moment that makes the acetonitrile polar 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.                                                                   

 

North America Acetonitrile Market, by Type – 2018 and 2027

North America Acetonitrile Market, by Type – 2018 and 2027

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Application-Based Market Insights

Based on application, the acetonitrile market is segmented into pharmaceutical, analytical industry, agro chemical, extraction and others. In 2018, the pharmaceutical segment dominated the North acetonitrile market; whereas, the analytical industrysegment is expected to grow at the fastest rate during 2019–2027. Acetonitrile act as a key solvent in the pharmaceutical industry. It is used as a reagent, solvent or extraction solvent and a starting material for synthesizing vitamin A, vitamin B1, cortisone, carbonate drugs and some amino acids. Aqueous acetonitrile is used to remove pesticide residues from agriculture samples before they are dispatched for HPLC-DAD determination. In laboratories, acetonitrile is used in the analysis of high performance liquid chromatography and as a solvent for DNA synthesis and peptide sequencing. Acetonitrile finds its application in agrochemicals as it synthesizes artificial fertilizers and pesticides. Acetonitrile 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. Acetonitrile helps in the extraction of fluids from fatty acids. The other segment of acetonitrile 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 this strategyto enlarge the customer base and gain significant market share in North America, which in turn permits them maintain their brand name in the North America market.

 

Report Spotlights

  • Progressive industry trends in the North America Acetonitrile market that help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the North America Acetonitrile market from 2017 to 2027
  • Estimation of North America 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 North America
  • Market trends and outlook, coupled with factors driving and restraining the growth of the North America Acetonitrile market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to the North America Acetonitrile market growth
  • North America Acetonitrile market size at various nodes of market
  • Detailed overview and segmentation of the North America acetonitrile market, as well as its dynamics in the industry
  • North America acetonitrile market size in various regions with promising growth opportunities

 

North America Acetonitrile Market, byType

  • Derivative
  • Solvent


North America Acetonitrile Market, by Application

  • Pharmaceutical
  • Analytical Industry
  • Agrochemical
  • Extraction
  • Others

Company Profiles

  • Honeywell International Inc.
  • Ineos Ag
  • Mitsubishi Chemical Corporation
  • Nova Molecular Technologies
  • Tedia Company, Inc.

 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Acetonitrile Market – By Type

1.3.2        North America Acetonitrile Market – By Application

1.3.3        North America 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        North America 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– North America Market Analysis

6.1         North America Acetonitrile Market Overview

6.2         North America Acetonitrile Market Forecast and Analysis

7.           North America Acetonitrile Market Analysis - By Type

7.1         Overview

7.2         Derivative

7.2.1        Overview

7.2.2        North America Derivative Acetonitrile Revenue and Forecasts to 2027 (US$ MN)

7.3         Solvent

7.3.1        Overview

7.3.2        North America Solvent Acetonitrile Market, Revenue Forecast to 2027 (US$ Mn)

8.           North America Acetonitrile Market Analysis – By Application

8.1         Overview

8.2         North America Acetonitrile Market Breakdown, By Application, 2018 & 2027

8.3         Pharmaceutical

8.3.1        Overview

8.3.2        North America Pharmaceutical Acetonitrile Market Revenue and Forecasts to 2027 (US$ MN)

8.4         Analytical Industry

8.4.1        Overview

8.4.2        North America Analytical Industry Acetonitrile Market Revenue and Forecasts to 2027 (US$ MN)

8.5         Agrochemical

8.5.1        Overview

8.5.2        North America Agrochemical Acetonitrile Market Revenue and Forecasts to 2027 (US$ MN)

8.6         Extraction

8.6.1        Overview

8.6.2        North America Extraction Acetonitrile Market Revenue and Forecasts to 2027 (US$ MN)

8.7         Others

8.7.1        Overview

8.7.2        North America Others Acetonitrile Market Revenue and Forecasts to 2027 (US$ MN)

9.           North America Acetonitrile Market – Country Analysis

9.1         Overview

9.1.1        North America Acetonitrile Market Breakdown, by Key Countries

9.1.1.1          US Acetonitrile Market Revenue and Forecast to 2027 (US$ MN)

9.1.1.1.1          US Acetonitrile Market Breakdown by Type

9.1.1.1.2          US: Acetonitrile Market, by Application

9.1.1.2          Canada: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Mn)

9.1.1.2.1          Canada: Acetonitrile Market, by Type

9.1.1.2.2          Canada: Acetonitrile Market, by Application

9.1.1.3          Mexico: Acetonitrile Market –Revenue and Forecast to 2027 (US$ Mn)

9.1.1.3.1          Mexico: Acetonitrile Market, by Type

9.1.1.3.2          Mexico: Acetonitrile Market, by Application

10.        Impact of COVID-19 Pandemic on North America Acetonitrile Market

10.1      Overview

10.2      North America: 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      INEOS AG

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      MITSUBISHI CHEMICAL 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      Nova Molecular Technologies

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      Tedia Company, Inc.

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

12.        Appendix

12.1      About the Insight Partners

12.2      Glossary

LIST OF TABLES

Table 1.             North America Acetonitrile Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.             North America Acetonitrile Market Revenue and Forecasts to 2027 – By Type (US$ Mn)

Table 3.             US Acetonitrile Market Revenue And Forecasts To 2027 – By Type (US$ Mn)

Table 4.             US Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Mn)

Table 5.             Canada Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Mn)

Table 6.             Canada Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Mn)

Table 7.             Mexico Acetonitrile Market, by Type – Revenue and Forecast to 2027 (USD Mn)

Table 8.             Mexico Acetonitrile Market, by Application – Revenue and Forecast to 2027 (USD Mn)

Table 9.             Glossary of Terms, North America Acetonitrile Market

 

LIST OF FIGURES

Figure 1.           North America Acetonitrile Market Segmentations

Figure 2.           North America Acetonitrile Market Segmentation – By Country

Figure 3.           North America Acetonitrile Market Overview

Figure 4.           Solvent Acetonitrile Held Largest Share In The North America Acetonitrile Market By Type

Figure 5.           US Dominated The North America Acetonitrile Market In 2018

Figure 6.           North America Acetonitrile Market, Industry Landscape

Figure 7.           North America– Pest Analysis

Figure 8.           Acetonitrile Market Impact Analysis of Driver And Restraints

Figure 9.           North America Acetonitrile Market Forecast and Analysis, (US$ Mn)

Figure 10.        North America Acetonitrile Market Breakdown by Type, 2018 & 2027 (%)

Figure 11.        North America Derivative Acetonitrile Revenue and Forecasts to 2027 (US$ Mn)

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

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

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

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

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

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

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

Figure 19.        North America Acetonitrile Market Revenue and Forecasts To 2027 (US$ Mn)

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

Figure 21.        US Acetonitrile Market Forecasts To 2027 (US$ Mn)

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

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

Figure 24.        Impact of COVID-19 Pandemic In North American Country Markets

 

The List of Companies- North America  Acetonitrile Market

  1. Honeywell International Inc.
  2. Ineos Ag
  3. Mitsubishi Chemical Corporation
  4. Nova Molecular Technologies
  5. Tedia Company, Inc.
  • 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 theNorth Americaacetonitrile 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.
TIPRE00012088
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