This can be accredited to the versatile applications of acetonitrile as an intermediate, solvent and derivative in the pharmaceutical and chemical industries.
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Acetonitrile, also known as methyl cyanide, ethyl nitrile and cyanomethane, is a colourless chemical compound with the formula CH3CN. It is produced as a by-product while manufacturing acrylonitrile. Acetonitrile has a sweet, ethereal odour and acts as a vital intermediate in the pharmaceutical industry. For instance, it is used as a derivative in the production of sulpha pyrimidine and Vitamin B1. Apart from this, it also finds application as a raw material for manufacturing aromatizers, epoxy hardeners and agriculture pesticides. A new research report by IMARC Group, titled “Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” estimates that the global acetonitrile market reached a volume of nearly 108,357 Tons in 2017. The report further anticipates the market to reach a volume of 137,765 Tons by 2023, exhibiting a CAGR of more than 4% during 2018-2023.
full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/acetonitrile-technical-material-market-report
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