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Global Acetonitrile Market 2017-2022 by Type (Derivative and Solvent), Application (Pharmaceutical, Analytical Industry, Agrochemical, and Extraction) - Global Forecast to 2022 - Research and MarketsThe "Acetonitrile Market by Type (Derivative and Solvent), Application (Pharmaceutical, Analytical Industry, Agrochemical, and Extraction), Region (Asia Pacific, Europe, North America, Middle East & Africa, and Latin America) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering. The acetonitrile market is projected to grow from US$219.2 million in 2017 to US$277.1 million by 2022, at a CAGR of 4.8% during the forecast period The increased demand for recrystallization of drugs from the pharmaceutical industry is fueling the growth of the acetonitrile market across the globe. Moreover, flourishing analytical industry is also leading to the growth of the acetonitrile market. However, a limited number of direct production facilities across the globe acts as a restraint to the growth of the acetonitrile market. Based on type, the acetonitrile market has been classified into derivative and solvent. In terms of value, the derivative type segment of the acetonitrile market is projected to grow at the highest CAGR between 2017 and 2022. The growth of this segment of the market can be attributed to the increased use of acetonitrile in the pharmaceutical industry for manufacturing Vitamin B1 and sulfa pyimidine. It is also used as a starting material for the synthesis of several chemicals such as alpha-naphthyl acetic acid, thiamine, acetophenone, and acetomidine. In terms of value, the Asia Pacific acetonitrile market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific acetonitrile market can be attributed to the increased use of acetonitrile in the pharmaceutical and analytical industry applications. The Asia Pacific region is the most promising market for acetonitrile, and this trend is projected to continue in the coming years as well. Japan, China, and India are the major consumers of acetonitrile in the Asia Pacific region. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Acetonitrile Market, By Type 7 Acetonitrile Market, By Application 8 Regional Analysis 9 Competitive Landscape 10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/698djr/global?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20180112005392/en/ |
