Market Overview:
The Europe acetonitrile market size reached US$ 45.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 67.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.19% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 45.9 Billion |
Market Forecast in 2032
|
US$ 67.2 Billion |
Market Growth Rate (2024-2032) |
4.19% |
Acetonitrile, or methyl cyanide and ethanenitrile, is a combustible and lethal solvent. It is used as a polar aprotic solvent in the natural synthesis and refinement of butadiene. It is commonly available in derivative and solvent variants and is widely used to extract fatty acids from animal and vegetable oils. Acetonitrile is also utilized to manufacture batteries, pesticides, aromas, nail removers and elastic products. It is the simplest form of natural nitrile and can be blended with water and other natural solvents. It has high eluting power and chemical stability and finds extensive application across various industries, such as automotive, agrochemicals, chemical processing and pharmaceuticals.
The Europe acetonitrile market is primarily being driven by the increasing product demand for chemical processing. Acetonitrile is widely used as a solvent in the production plastics and perfumes. Additionally, the widespread product adoption in the manufacturing of agrochemicals is favoring the market growth. It assists in synthesizing artificial pesticides and fertilizers and acts as an inert ingredient in pesticides. In line with this, it is also widely used in the pharmaceutical industry as an extraction solvent and starting material to synthesize cortisone, carbonate drugs, antibiotics and amino acids is also contributing to the market growth. Other factors, including the widespread product adoption in oil and petroleum extraction sectors, along with the increasing use of acetonitrile in laboratories for deoxyribonucleic acid (DNA) synthesis and peptide sequencing, are driving the market growth across the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe acetonitrile market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on end use.
Breakup by End Use:
- Pharmaceuticals
- Analytical Industry
- Agrochemicals
- Extraction Industry
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
End Use, Country |
Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Europe acetonitrile market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe acetonitrile market?
- What are the key regional markets?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe acetonitrile market and who are the key players?
- What is the degree of competition in the industry?