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Patulin is a mycotoxin that shows a huge number of toxic effects in animals

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Market Overview:

The Global Acetonitrile market was $230.35 Million in 2018. It is expected to be around $293.2 Million in 2023 with a current CAGR of 4.95%.The Global Acetonitrile market is expected to witness moderate growth during the forecast period (2018 – 2023). Asia Pacific market is expected to grow the fastest among all other regions.Recently, a system was developed for monitoring of Patulin in fruits using liquid chromatography. Patulin is a mycotoxin that shows a huge number of toxic effects in animals. An experimental study was carried out where Patulin was extracted using acetonitrile & ethyl acetate. It was found that the carotenoid pigments were more easily extracted by ethyl acetate, whereas anthocyanins extraction was favored by acetonitrile. With the development in liquid-liquid extraction (LLE) a new method dispersive liquid-liquid microextraction (DLLME) technique has been used for extraction as it improves efficiency. In this Acetonitrile is used as a dispersive solvent.

Market Drivers and Restraints:

Acetonitrile is a raw product for many end-user industries such as pharmaceuticals & biotech industry, various special chemicals additives, HPLC, & electronic industry. The rise in demand from these industries has kind of boosted the growth in the market. Moreover, the growing demand for Acetonitrile derived products such as acrylic fibers, polyacrylamide, and acrylic plastics is also one of the reasons for the growth of the market.The boom in pharma & biotech industries has fuelled the growth of this market. Every day some new kind of drug is being prepared to cure various ailments. Acetonitrile market is expected to have potential growth in the recycling industry which will also push the growth of the market.Increase in price, heavy fluctuations in the availability of material & irregular supply has caused some hindrances in the market’s growth. Use of many other alternative solvents & stringent environmental policies is also some of the reasons for inhibiting the market’s growth.

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https://www.marketdataforecast.com/market-reports/acetonitrile-market/

Report segmented as

By Product Type:

Derivative
Solvents
By Application:

Pharmaceutical
Analytical & Extraction Industry
Agrochemical
Geographical Analysis:

By geography, the market is segmented into Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. The Asia Pacific is expected to witness the fastest growth in the forecast period (2018 – 2023) both in terms of volume & size. It is witnessed as a major market hub to key market players & the sudden boom in pharmaceuticals & biotech industry in the region is responsible for growth in this region. Agrochemicals are also one of the reasons for growth in this region. Due to the fastest growth in economies, China & India are expected to be the biggest market holders in this region.

Important Market Players:

Here are some key market players for Acetonitrile Market – INEOS (U.K.), Asahi Kasei (Japan), CNPC Jilin Chemical Group (China), Imperial Chemical Corporation, AlzChem AG, Dow Du Pont (United States of America), Purification Technologies Inc., Sigma-Aldrich, Sterling Chemicals, J.T. Baker Chemical, GFS Chemicals Inc., Achemica, BP Chemicals, Continental Industries Group Inc., NeuChem Inc., and Filo Chemical Incorporated.INEOS (U.K.) is a global manufacturer of petrochemicals, specialty chemicals, and oil products. It has 34 businesses each with a major chemical company heritage. It manufactures & markets Acetonitriles globally. It has a long range of co-products produced by acetonitrile such as:

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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