The North America acetonitrile market was valued at US$
39.17Mn in 2018 and is projected to account to US$
61.37Mn by 2027; it is expected to grow at a CAGR of 5.1% during 2019โ2027.
North America Acetonitrile Market Acetonitrile, otherwise called methyl cyanide or ethanenitrile, is a dull, unpredictable, combustible, and lethal solvent. It is the simplest form ofnatural nitrile available and can be blended in with water alongside most other natural solvents. It additionally shows high miscibility with liquor, acetone, and epoxy gum with no obstruction with epoxy polymerization. North America Acetonitrile Market Acetonitrile is dry fluid that is the least complex natural nitrile (hydrogen cyanide is a less complex one, but the cyanide anion isn’t categorized under natural compounds). It is obtained as a byproduct of acrylonitrile production process. It is utilized as a polar aprotic solvent in natural amalgamation and butadienerefinement. It is utilized to make pharmaceuticals, aromas, elastic items, pesticides, acrylic nail removers, and batteries. Acetonitrile is also used in the process of removal of unsaturated fats from animal and vegetable oils.
North America Acetonitrile Market The COVID-19 pandemic first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. North America Acetonitrile Market As of March 2020, China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms confirmed cases and reported deaths. Surfaces play a significant role in transmitting pathogens; hence, preventing them from getting contaminated is important.
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North America Acetonitrile Market The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdowns of chemicals&materials industry and disruptions in supply chains due to lockdown of countries has created a strain on the supplies of the various products offered by this industry. North America Acetonitrile Market The US has the highest number of confirmed cases of COVID-19 infection among all North American countries. This is impacting the consumer goods industry as the shutdowns in the country to contain the infection are affecting the North American supply and distribution chains. In addition, the pandemic would also affect overall manufacturing processes, research, and development activities.
Market Insights
Importance of acetonitrile in industrial and pharmaceutical applications
Acetonitrile is regarded as a core solvent in the chemical industries, particularly in the pharmaceuticals industry, which accounts for ~70 % of the global demand for the same. North America Acetonitrile Market The high demand for acetonitrile is due to its impeccable solvation ability toward a wide range of polar and nonpolar solutes, and physical properties such as low freezing/boiling points, low viscosity, and relatively low toxicity. Currently, the global pharmaceuticals industry reports two primary uses of acetonitrile, i.e., as laboratory solvents, particularly as a mobile phase in liquid chromatography analytical techniques and as an industrial process solvents in the manufacturing of antibiotics. Due to the need for high purity solvents in analytical techniques such as high performance liquid chromatography (HPLC), laboratories tend to use โAnalarโ grade acetonitrile, while industrial applications favor โtechnical gradeโ acetonitrile due to bulk requirements and lower cost. North America Acetonitrile Market In both cases, the solvent is very highly refined in terms of purity, typically >99.9% for Analar and >99.5% for technical grade.
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Honeywell International Inc.
Ineos Ag
Mitsubishi Chemical Corporation
Nova Molecular Technologies
Tedia Company, Inc.
North America Acetonitrile Market: An Overview
Acetonitrile, a versatile chemical compound with the molecular formula CHโCN, is a colorless, volatile liquid that finds applications in a variety of industries. It is widely used as a solvent in the chemical, pharmaceutical, and agricultural sectors due to its ability to dissolve polar and non-polar compounds. North America Acetonitrile Market The North American acetonitrile market has experienced significant growth in recent years, driven by expanding industrial applications and increasing demand from various sectors such as pharmaceuticals, biotechnology, and the chemical industry. North America Acetonitrile Market This market has become an essential segment of the broader chemicals industry, with its impact and demand likely to continue rising in the coming years.
Long-term Effects on the Acetonitrile Market
Despite the challenges posed by the COVID-19 pandemic, the long-term outlook for the acetonitrile market remains positive. As economies recover from the impact of the pandemic, demand for acetonitrile is expected to pick up again. Industries such as pharmaceuticals, biotechnology, and chemicals will likely see a surge in demand as production resumes and innovation continues. Furthermore, with a growing focus on sustainability, acetonitrileโs role in various eco-friendly applications is likely to drive its future use.
The pandemic also highlighted the vulnerabilities in global supply chains, pushing companies to rethink their strategies for securing raw materials and reducing dependence on specific regions. In the case of acetonitrile, businesses may seek to diversify their supply sources and invest in improving production processes to make the supply chain more resilient to future disruptions.
Disruptions in Production and Supply Chains
The lockdowns imposed by various countries, including the US, led to the temporary shutdown of factories, chemical plants, and distribution centers. This affected the production of acetonitrile as well as the availability of key raw materials needed for its production. The closure of chemical facilities also hindered the smooth operation of supply chains, leading to delays in the delivery of acetonitrile to key industries such as pharmaceuticals, agriculture, and electronics.
The disruption in global trade and transport further compounded these challenges, as restrictions on international movement of goods prevented companies from sourcing acetonitrile from their global suppliers. The US, being one of the largest consumers of acetonitrile, faced significant challenges in securing supply, which impacted industries reliant on acetonitrile.
Slowdown in Manufacturing and R&D
The pandemic also caused delays in manufacturing processes across sectors that depend on acetonitrile. Pharmaceutical companies experienced slowdowns in the production of medicines and active ingredients due to restricted operations. Biotechnology companies that rely on acetonitrile for DNA synthesis and protein purification faced delays in research and development activities. Clinical trials and drug testing processes were significantly delayed, further exacerbating the issues within the industry.
Additionally, industries such as cosmetics and agriculture, which also depend on acetonitrile for the production of products like nail polish removers and agrochemicals, experienced a slowdown in their activities. The temporary halt in operations led to a decrease in the demand for acetonitrile in these sectors.
Strain on Consumer Goods and Manufacturing Industries
The consumer goods sector, particularly in North America, was also affected by the pandemic. Lockdowns and restrictions on movement led to a reduced demand for many non-essential consumer products, which in turn caused a drop in the demand for acetonitrile in certain segments, such as cosmetics. Furthermore, the disruptions in manufacturing processes meant that industries reliant on acetonitrile faced production delays, which created a ripple effect across the supply chain.
Conclusion
Acetonitrile is a critical compound in a wide range of industries, from pharmaceuticals and biotechnology to agriculture and energy. While the COVID-19 pandemic posed significant challenges to the global acetonitrile market by disrupting production and supply chains, the long-term outlook remains positive as industries recover. The unique properties of acetonitrile, such as its ability to act as a polar aprotic solvent and its high miscibility with various organic solvents, ensure that it will continue to play an essential role in industrial applications.
As global economies stabilize and manufacturing activities ramp up once again, the demand for acetonitrile is expected to grow, with key industries driving this trend. However, the market must adapt to potential challenges related to supply chain resilience, environmental concerns, and the development of alternative solvents to maintain sustainable growth in the post-pandemic era.
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