According to IMARC Group’s latest report, titled “GCC Acetonitrile Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the GCC acetonitrile market is expected to exhibit XX growth during 2021-2026. Acetonitrile, or methyl cyanide, represents a simple organic nitrile with an ether-like odor. It is usually available in derivative and solvent variants and is used in batteries, acrylic nail removers, perfumes, etc. Acetonitrile is also utilized as an aprotic solvent in the natural synthesis and refinement of butadiene. It is a strong solvent with high chemical stability and is easily soluble in water. Methyl cyanide also has a higher elution strength than methanol and reacts endothermically with water. Consequently, it finds extensive applications across various industries, such as pharmaceutical, automotive, agriculture, etc.
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The escalating product utilization in the manufacturing of agrochemicals, including fertilizers and pesticides, is among the primary factors driving the GCC acetonitrile market. Moreover, the rising adoption of aqueous acetonitrile as an extraction solvent for synthesizing pesticides is further catalyzing the market growth. Apart from this, the elevating product usage in the pharmaceutical industry, such as in the production of antibiotics and insulin and as a reaction solvent, is also positively influencing the regional market. Furthermore, acetonitrile is gaining traction in the automotive industry for producing acrylonitrile butadiene styrene (ABS) plastic that has enhanced mechanical strength and chemical resistance, which is acting as another growth-inducing factor. Besides this, the accelerating growth of the chemical processing industry, in addition to the growing product requirement for the recrystallization of medical drugs, is anticipated to fuel the GCC acetonitrile market in the coming years. Looking forward, IMARC Group expects the global market to continue its robust growth during the forecast period (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by End Use:
- Analytical Industry
- Extraction Industry
Breakup by Country:
- Saudi Arabia
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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