Acetonitrile, also well-known as cyanomethane or abbreviated MeCN, is the chemical compound with the formula CH3CN. It is utilized in organic synthesis, acrylic fibers, pharmaceuticals, perfumes, and innitrile rubber. Acetonitrile is also utilized as a solvent and as a chemical intermediate.
According to the report analysis, ‘Global Acetonitrile (ACN, CAS 75-05-8) Market, 2021-2027’ states that AnQore B.V., Asahi Kasei Corporation, Balaji Amines Ltd., Changyi Ruihai Biotechnology Co., Ltd., Chemax International Corporation, China National Petroleum Corporation, China Petroleum & Chemical Corporation (Sinopec), Formosa Plastics Corporation, INEOS Group Limited, Maharashtra Aldehydes & Chemicals Ltd. (MACL), Mitsubishi Chemical Corporation, Nantong Acetic Acid Chemical Co., Ltd., Nova Molecular Technologies, Inc., Petrleos Mexicanos, PJSC Lukoil Oil Company, Rhythm Chemicals Pvt. Ltd., Shandong Huihai Pharmaceutical & Chemical Co., Ltd., Shanghai SECCO Petrochemical Co., Ltd. (SECCO), Taekwang Industrial Co., Ltd., Tongsuh Petrochemical Corp., Ltd., among others are the chief market players which presently operating in the global acetonitrile (ACN, CAS 75-05-8) market more proficiently for keep maintaining the governing position, leading the highest market growth, registering the great value of market share, generating the highest percentage of revenue, and obtaining the competitive edge by establishing the several research and development programs, analysing the strategies and policies of government as well as similar entities, improving the qualitative and quantitative measures of such, implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of acetonitrile, increasing the benefits and features of acetonitrile and analysing the strategies and policies of government as well as similar entities.
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On the basis of product, the ‘Global Acetonitrile Market’ is classified into technical grade acetonitrile and high purity acetonitrile. On the basis of application, the global acetonitrile market is classified into chemical intermediates, fibers, lithium batteries, petrochemicals, pharmaceuticals, plastics and textile.
Rising demand for acetonitrile in various industries such as pharmaceuticals and specialty chemicals has emerged as the key growth driver for the global acetonitrile market. Acetonitrile is also extensively used as a solvent in the manufacturing of insulin and other antibiotics.
In addition to this, surge in acetonitrile requirement in the production of acrylic fibers and plastics is also supporting the growth of the complete acetonitrile market. The agricultural industry has observed a shift in preferences during recent times, with aqueous acetonitrile observing a surge in demand. The growing deployment of aqueous acetonitrile for agricultural activities is predicted to have a positive influence on the complete acetonitrile market. Acetonitrile has also observed an augmented demand in other procedures such as drug recrystallization, which is predicted to propel the growth in the acetonitrile market, during the forthcoming years.
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Furthermore, leading players could utilize the acetonitrile as a derivative to produce new products, which would deliver the more benefits than predecessor products and could observe increased requirement, thereby assisting in the growth of acetonitrile market. R&D undertakings could be a foremost growth strategy for acetonitrile market players, during the coming years as well. Therefore, it is predicted that during the near years the market of acetonitrile will increase around the globe more progressively over the near future.
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Ankur Gupta, Head Marketing & Communications