The North American acetonitrile market is anticipated to grow at a CAGR of 4.2% during the forecast period (2021-2027). Acetonitrile was first prepared by Jean Baptiste Dumas in the year 1847. It is mainly produced as a by-product of acrylonitrile manufacture. Acetonitrile is widely used in battery applications owing to its relatively high dielectric constant and ability to dissolve electrolytes. The new battery production line is being added to manufacture battery packs featuring new, next-generation cells in Los Angeles Country. The facility aims at expanding Proterra’s battery production capacity to meet the growing demand for the company’s battery systems in Proterra Powered commercial vehicles and Proterra’s transit buses. Similarly, in December 2019, GM Company and LG Chem announced to invest nearly $2.3 billion to build a 30 GWh battery factory in Lordstown, Ohio. Thus, the expansion of new production lines for batteries is contributing to the growth of the acetonitrile market in the region.
To Request a Sample of our Report on North American Acetonitrile Market: https://www.omrglobal.com/request-sample/north-american-acetonitrile-market
Acetonitrile is used as a solvent in the manufacturing of pharmaceuticals, casting, and molding plastics. Most of the Acetonitrile produced is used in the production of insulin and antibiotics, including third-generation cephalosporins. The US market in the North American region has the major share in the market owing to robust investments in R&D, high healthcare expenditure, the presence of major players, and the rising incidence and prevalence rate of diabetic patients. According to the IDF, in 2019, the total adult population in the US with diabetes was 31.0 million, while in Canada was 2.8 million. The rising cases of diabetes are expected to increase the demand for insulin, which in turn will drive the acetonitrile market in North America.
Further, the broad applications of acetonitrile are expected to drive the market during the forecast period. For instance, Acetonitrile is used in the formation of nail polish remover. It is used in the extraction of copper as well as refining. Moreover, it is used as a solvent in electrochemical cells, chromatography chemists, and chemical reactions. It is widely used in the production of synthetic pharmaceuticals. In laboratories, acrylonitrile is used as a medium-polarity solvent which is miscible with water and also with a range of organic solvents but, it is not miscible with saturated hydrocarbons. However, a limited number of direct production facilities of acetonitrile across the region acts as a restraint to the growth of the acetonitrile market.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Type
- By Application
- By End-User Industry
- Competitive Landscape- BASF SE, Thermo Fisher Scientific, GFS Chemical Inc, Honeywell International Inc, Nova Molecular Technologies, Mitsubishi Chemical Corporation, and so on
(Get 15% Discount on Buying this Report)
A full Report of North American Acetonitrile Market is Available at: https://www.omrglobal.com/industry-reports/north-american-acetonitrile-market
Global Acetonitrile Market – Segmentation
By Type
- Derivative
- Solvent
By Application
- Organic Synthesis
- Specialty Chemicals
- HPLC Solvents
- Pharmaceutical
- Extraction
- DNA and RNA Synthesis
- Others
By End-User Industry
- Pharmaceutical Industry
- Analytical Industry
- Agricultural Industry
- Others
North American Acetonitrile Market Report Segment
- US
- Canada
Company Profiles
- Asahi Kasei Corp.
- Barite World
- BASF SE
- CJ Chemicals
- GFS Chemicals, Inc.
- Greenfield North American, Inc.
- Honeywell International, Inc.
- Imperial Chemical Corp.
- INEOS Group, Ltd.
- Merck KGaA
- Mitsubishi Chemical Corp.
- Nova Molecular Technologies, Inc.
- Tedia Company
- Thermo Fisher Scientific, Inc.
- VWR International, LLC
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/north-american-acetonitrile-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
