United States Acetonitrile Market 2021-26: Share, Share, Analysis, Trends and Outlook
According to IMARC Group’s latest report, titled “United States Acetonitrile Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the United States acetonitrile market is expected to reach a strong growth during 2021-2026. Acetonitrile represents a highly volatile, colorless, and flammable liquid. Also known as methyl cyanide or ethanenitrile, it is a simple organic nitrile commercially obtained in the form of acrylonitrile and is utilized as an aprotic solvent in organically synthesizing and purifying butadiene. Acetonitrile possesses high chemical stability, eluting power, compatibility with liquid chromatography-mass spectrometry (LC/MS) solutions, etc. It is used in acrylic nail removers, perfumes, batteries, fatty acid extraction from animal and vegetable oils, etc. Consequently, acetonitrile finds widespread applications across numerous industries, such as pharmaceutical, agrochemical, automotive, etc.
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The growing product utilization in the pharmaceutical industry is among the primary factors driving the United States acetonitrile market, where it is used as a reaction solvent, cortisone, carbonated drug, starting material for vitamins A and B1 synthesis, etc. Moreover, various product innovations, including the launch of aqueous acetonitrile, are further bolstering the market growth. In addition to this, aqueous acetonitrile is being increasingly used as an extraction solvent to synthesize pesticides, which is acting as another significant growth-inducing factor. Furthermore, there is an escalating demand for acetonitrile in the automotive industry to manufacture acrylonitrile butadiene styrene (ABS) plastic with improved mechanical strength and chemical resistance. This is also catalyzing the market growth. Besides this, the rising product requirement for drug recrystallization is expected to propel the United States acetonitrile market in the coming years. Looking forward, IMARC Group expects the global market to continue its robust growth during the forecast period (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by End Use:
- Pharmaceuticals
- Analytical Industry
- Agrochemicals
- Extraction Industry
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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