India Acetonitrile Market Share, Size and Forecast 2024-2032

Name: India Acetonitrile Market Report by End Use (Pharmaceuticals, Analytical Industry, Agrochemicals, Extraction Industry, and Others), and Region 2024-2032
Creator: IMARC Group
License: https://www.imarcgroup.com/privacy-policy
Keywords: India Acetonitrile Market Report

India Acetonitrile Market Report by End Use (Pharmaceuticals, Analytical Industry, Agrochemicals, Extraction Industry, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A4428

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Market Overview:

The India acetonitrile market size reached 18,945.9 Tons in 2023. Looking forward, IMARC Group expects the market to reach 31,362.4 Tons by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	18,945.9 Tons
Market Forecast in 2032	31,362.4 Tons
Market Growth Rate (2024-2032)	5.6%

Acetonitrile is a lethal and colorless solvent, which is also known as methyl cyanide and ethanenitrile. It is a small and simple organic nitrile produced in the form of acrylonitrile and has an ether-like odor. It is commonly available in derivative and solvent variants and is used as an aprotic solvent in the natural synthesis and refinement of butadiene. Acetonitrile is also used in perfumes, acrylic nail removers, batteries and to extract fatty acids from animal and vegetable oils. It is a strong solvent, easily soluble in water and has high chemical stability. In comparison to the traditionally used methanol, acetonitrile reacts endothermically with water and has higher elution strength. As a result, it finds extensive applications across various industries, such as pharmaceutical, automotive and agriculture.

The India acetonitrile market is primarily being driven by its widespread adoption as a solvent in the pharmaceutical industry to produce antibiotics and insulin. Moreover, the implementation of various government initiatives, such as National Food Security Mission (NFSM), is leading to the increasing demand for acetonitrile-based agrochemicals, which, in turn, is favoring the market growth. Acetonitrile is also used for synthesizing artificial pesticides and fertilizers and acts as an inert ingredient in pesticides. Additionally, the increasing product utilization as a solvent in liquid chromatography to influence the interaction between sample components and adsorbents in chiral systems is positively impacting the market growth. Other factors, including rising product demand in the chemical processing industry, along with the increasing utilization of acetonitrile for recrystallization of medical drugs, are anticipated to drive the market growth across the country.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India acetonitrile market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on end use.

Breakup by End Use:

India Acetonitrile Market

Pharmaceuticals
Analytical Industry
Agrochemicals
Extraction Industry
Others

Breakup by Region:

North India
West and Central India
South India
East India

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	‘000 Tons
Segment Coverage	End Use, Region
Region Covered	North India, West and Central India, South India, East India
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
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

The India acetonitrile market reached a volume of 18,945.9 Tons in 2023.

We expect the India acetonitrile market to exhibit a CAGR of 5.6% during 2024-2032.

The rising demand for acetonitrile across various industries, such as pharmaceuticals, agrochemicals, and automotive, as it has excellent chemical stability, water solubility, and miscibility with alcohol, acetone, and epoxy resin, is primarily driving the India acetonitrile market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous end-use industries for acetonitrile.

Based on the end use, the India acetonitrile market can be segmented into pharmaceuticals, analytical industry, agrochemicals, extraction industry, and others. Currently, pharmaceuticals hold the largest market share.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where South India currently dominates the India acetonitrile market.

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