According to ChemAnalyst report, “India Acetonitrile Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”, The India Acetonitrile Market is likely to grow at a CAGR of 4.81% during the forecasted period by FY2030. The end-use industries of Solvent, Chemical Intermediate, Pharmaceutical, and Photographic Film are anticipated to accelerate the Acetonitrile Market in India in the forthcoming years.
Acetonitrile is the most basic organic nitril. It appears as a colourless liquid with an ether-like odour to it. In comparison to acrylonitrile or hydrogen cyanide, acetonitrile has a relatively low toxicity. It is primarily produced as a byproduct of the production of acrylonitrile. It is primarily employed as a polar aprotic solvent in the butadiene purification process. Because of its relatively high dielectric constant and capacity to dissolve electrolytes, it is frequently employed in battery applications. Other applications of acetonitrile include acrylic nail removers, fragrances, and the extraction of fatty acids from vegetable and animal oils. Additionally, Acetonitrile is used as a solvent in liquid chromatography, which influences the interaction between sample component and adsorbent during the separation process of chiral systems.
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Growing demand for the recrystallization of drugs in the pharmaceutical industry is expected to fuel the growth of Acetonitrile in India. Rising generic pharmaceutical manufacturing activities across the globe and high consumption of agrochemicals are anticipated to attract healthy demand for Acetonitrile. Furthermore, supportive government initiatives and plans including the National Food Security Mission (NFSM) which aim to increase the production of rice, wheat, pulses, and coarse cereals are expected to propel agrochemical demand, which is further projected to escalate the growth of Acetonitrile in India. With rapid technological advancements in High Performance Liquid Chromatography (HPLC), the technique has gained prominence in the analytical industry, which has increased the overall Acetonitrile demand in India. In the petrochemical industry, different acetonitrile grades are frequently employed in extractive distillation and separation of C4-hydrocarbons and olefin-diolefin combinations, which further contributes to the Acetonitrile demand across the nation.
The India Acetonitrile Market is segmented based on end-use, sales channel, and region. Based on end-use, the India Acetonitrile market is segregated into Solvent, Chemical Intermediate, Pharmaceutical, Photographic Film, and Others. As of FY2023, the Solvent industry is dominating the India Acetonitrile market with a market share of 65% and is expected to retain its dominance even in the forthcoming years. Due to progressive healthcare facilities and drugs, the pharmaceutical industry is anticipated to bolster the India Acetonitrile market in the upcoming years.
Based on region, the India Acetonitrile Market is segregated into North, South, East, and West. Currently, West India has been dominating the market followed by North and South India. Gujarat and Maharashtra are the key consumers of acetonitrile owing to the presence of numerous pharmaceutical manufacturers like Sun Pharmaceutical Industries Ltd. And Cipla Ltd.
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“India Acetonitrile Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030” Balaji Amines Ltd. is the primary player operating in the production of Acetonitrile in India. Significant companies for Global Acetonitrile market are Ineos AG, Asahi Kasei Corporation, Jilin Petrochemical Company, Shanghai SECCO Petrochemical Company Limited, Nantong Acetic Acid Chemical Co., Ltd, AnQore, Jiangsu Sailboat Petrochemical Co., Ltd, Sinopec Anqing Company, Formosa Plastics Corporation, Shandong Shida Hongyi Chemical Co., Ltd, Zibo Jinma Chemical Factory, and Hebi Saike Chemical Co., Ltd.
“Growing demand of acetonitrile as a solvent in the pharmaceutical industry to produce antibiotics due to its physical and chemical characteristics, including low viscosity and low freezing and boiling points is anticipated to primarily drive the India Acetonitrile market in the forthcoming years. Additionally, the growing usage of acetonitrile as a mobile phase in High-Performance Liquid Chromatography (HPLC), which is a commonly used analytical technique, further adds up to the rising demand for Acetonitrile in India. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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