Albany, NY -- (SBWIRE) -- 09/27/2018 -- Global Acetonitrile Market: Overview

Acetonitrile is a colorless liquid, which is obtained as a by-product in the manufacture of acrylonitrile. It has a chemical formula of CH3CN. It is widely used in the pharmaceutical industry to synthesize new medicaments, vitamin B1, pesticides and many other products. It is used as a polar aprotic solvent in organic synthesis and in purification of butadiene.

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Acetonitrile is a common two-carbon building block in organic synthesis of various useful chemicals, including acetamidine hydrochloride, thiamine, and ?-napthaleneacetic acid. Its reaction with cyanogen chloride gives malononitrile. It has been used in formulations for nail polish remover, despite its toxicity

Global Acetonitrile Market: Drivers and Restraints

Rise in demand for acetonitrile in end-use industries such as pharmaceuticals and specialty chemicals is driving the acetonitrile market. Increase in demand for acetonitrile products such as acrylic fibers, polyacrylamide, and acrylic plastics is also propelling the acetonitrile market. On the other hand, fluctuation in prices of acetonitrile is expected to hamper the acetonitrile market. Rise in prices of acetonitrile owing to shortage in supply is also anticipated to hinder the acetonitrile market during the forecast period.

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Based on type, the acetonitrile market can be bifurcated into derivative and solvent. In terms of value, the derivative segment is estimated to expand at a rapid pace during the forecast period.