The acetonitrile market is projected to grow from USD 439 million in 2023 to USD 595 million by 2028 at a CAGR of 6.2% during the forecast period. Acetonitrile is an organic compound and counts among one of the most stable nitriles. It is a colorless liquid, completely soluble in water. Acetonitrile is a hazardous chemical that has adverse effects such as toxicity and reactivity on the human body. Acetonitrile is used as a solvent, derivative, or raw material/intermediate in various applications.
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Major manufacturers in this market are based in Asia Pacific, Europe, and North America. INEOS AG (Switzerland.), Asahi Kasei Corporation (Japan), Nova Molecular Technologies (US), PetroChina Co. Ltd. (China), Formosa Plastic Corporation (Taiwan), ShengHong Petrochemical Group Co., Ltd. (China), Avantor Performance Materials LLC (US), Imperial Chemical Corporation (Taiwan), Tedia Company Inc. (US), Avantor Performance Materials, LLC (US), Shanghai Secco Petrochemical Company Limited (China), Qingdao Shida Chemical Co., Ltd. (China), Nantong Acetic Acid Chemical Co., Ltd. (China), and others are among a few leading players operating in the acetonitrile market. Acetonitrile manufacturers have been adopting various inorganic and organic growth strategies aiming to expand and strengthen their position in the global acetonitrile market. Some of the strategies include contracts, collaborations, product launches, acquisitions, partnerships, and mergers.
INEOS AG (Switzerland)
Founded in 1998 and headquartered in Rolle, Switzerland, INEOS AG is one of the largest manufacturers of acetonitrile in the world. INEOS AG offers acetonitrile through its subsidiary INEOS Nitriles. The company offers a wide range of products for business, such as petrochemicals, specialty chemicals, oil & gas, and automotive. In the nitrile product category, the company offers acetonitrile and acrylonitrile, along with other co-products that are produced by ammonia and propylene feedstock. The company comprises 36 businesses with 194 production sites located in 29 countries across the world.
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Asahi Kasei Corporation (Japan)
Asahi Kasei Corporation is one the leading Japanese companies providing products and solutions for various industries such as fibers & textiles, chemicals, electronics, homes, and healthcare. The company offers its products through three segments that include materials, homes, and health care. Through its material segment, the company offers three grades of acetonitrile, namely, chemical grade, reagent grade, and highly purified grade, under its acetonitrile product segment. The company was founded in 1931 and is headquartered in Tokyo, Japan. The company has a strong supply chain network and a wide geographic presence across the world.
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