north america acetonitrile Market

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

Acetonitrile, otherwise called methyl cyanide or ethane nitrile, is a dull, unpredictable, combustible, and lethal solvent. It is the simplest form of natural nitrile 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 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 high demand of acetonitrile is due to its impeccable solvation ability toward a wide range of polar and non-polar solutes, and physical properties such as low freezing/boiling points and low viscosity .Acetonitrile is also comparatively inert due to the strong carbon-carbon bond, which can be hydrolyzed only under extreme conditions;this makes it an excellent solvent for various reactions. The excellent solvent properties of acetonitrile have also favored its application in the agrochemical, industrial, and other chemical applications.

Based on application, the North America acetonitrile market has been segmented into pharmaceutical, analytical industry, agrochemical, extraction, and others. In 2018, the pharmaceutical segment dominated the market, and the market for the same is projected to grow at the highest CAGR during the forecast period. The growth of the segment is primarily attributed to the growing use of acetonitrile in the synthesis of APIs. It is used as a reagent, solvent,and extraction solvent,as well as a starting material for synthesizing vitamin A, vitamin B1, cortisone, carbonate drugs, and several amino acids. Most of acetonitrile produced is used in the production of insulin and antibiotics, including third-generation cephalosporins. It is also used in the manufacture of synthetic pharmaceuticals. The manufacturers are also focusing on the production and maximum utilization of acetonitrile in various pharmaceutical applications which supports the growth of market.

North America includes developed economies such as the US and Canada and developing nations such as Mexico. The companies involved in the production of acetonitrile are continuously enhancing the overall business processes to meet the customers demand in the best possible way. Several domestic and international companies have a strong foothold in North America. In the region, the US is a major market for acetonitrile, followed by Canada and Mexico, respectively. The region largely supports the growth of the acetonitrile market through effective manufacture and trade policies. The solvent is produced mainly as the byproduct of acrylonitrile manufacture. It is also used as a polar aprotic solvent in organic synthesis of various substances and in the purification of butadiene. In laboratories, acrylonitrile is used as a medium-polarity solvent which is miscible with water and also with a range of organic solvents; however, it is not miscible with saturated hydrocarbons. Acetonitrile is widely used in battery applications due to its relatively high dielectric constant and ability to dissolve electrolytes. It is primarily used as a solvent in the manufacturing pharmaceuticals, casting and molding plastics, spinning fibers, extracting fatty acids from animal and vegetable oils. In chemical laboratories, the solvent is used for the detection of materials such as pesticide residues.

Honeywell International Inc., Ineos Ag, Mitsubishi Chemical Corporation, Nova Molecular Technologies, and Tedia Company, Inc., are among the major players operating in the North Americaacetonitrile market.

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.

The overall North Americaacetonitrile market size has been derived in accordance to both primary and secondary source. To begin the research process,exhaustive secondary research has been conductedusing internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have beenconducted with industry participants and commentators to validate data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along withexternal consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North Americaacetonitrile market.