June 21, 2022 07:30 ET | Source: AstuteAnalytica India Pvt. Ltd. AstuteAnalytica India Pvt. Ltd.

New Delhi, June 21, 2022 (GLOBE NEWSWIRE) -- According to the study published by Astute Analytica, the Global Acetonitrile Market is projected to expand from US$ 353 Mn in 2021 to US$ 482.9 Mn by 2027. The market is estimated to register a CAGR of 5.4% during the forecast period 2022-2027. In terms of volume, the market is registering a CAGR of 5.7% during 2022-2027. The market growth is attributed to factors such as rising demand from the pharmaceutical industry, high consumption in the production of epoxy hardeners and agrochemicals, and extensive adoption as an organic solvent in HPLC applications. anhydrous grade acetonitrile

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Acetonitrile is used to extract fatty acids and animal and vegetable oils. It is also used in petrochemical industries for extractive distillation and as a solvent for spinning synthetic fiber and in casting and molding plastics. In the laboratory, acetonitrile is used in high-performance liquid chromatographic HPLC analysis and as a solvent for DNA synthesis and peptide sequencing. Furthermore, acetonitrile finds extensive application in batteries, particularly lithium-ion batteries, to enable next-generation high-power and energy-density lithium-ion batteries, which provide extraordinarily high-ionic conductivity.

The market is majorly driven by factors such as rising demand from the pharmaceutical industry, high consumption in the production of epoxy hardeners and agrochemicals, and extensive adoption as an organic solvent in HPLC applications.

Acetonitrile finds its significant application in the pharmaceutical industry as a key solvent in the manufacturing of antibiotics and drug recrystallization, owing to its exceptional physical and chemical properties like low viscosity and low freezing/boiling point. Moreover, in the past few years, high purity solvents for High-Performance Liquid Chromatography (HPLC) become increasingly popular as the mobile phase is triggered by the increasing sensitivity of HPLC systems. As such, several organic solvents, typically methanol and acetonitrile, are increasingly used in HPLC applications to elute or retain chemical classes of interest from a stationary stage. However, the availability of substitutes like Prionil and the health concerns associated with acetonitrile poses a challenge to the Global Acetonitrile Market.

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Segmentation Overview of the Global Acetonitrile Market

The following are the different segments of the Global Acetonitrile Market:

By Type Segment of the Global Acetonitrile Market is sub-segmented into:

By Grade (Purity) Segment of the Global Acetonitrile Market is sub-segmented into:

By Application Segment of the Global Acetonitrile Market is sub-segmented into:

By End-User Segment of the Global Acetonitrile Market is sub-segmented into:

By Region Segment of the Global Acetonitrile Market is sub-segmented into:

To gain more insights into the market with a detailed table of content and figures, click here: https://www.astuteanalytica.com/industry-report/acetonitrile-market

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