China acetonitrile market is predicted to grow considerably at a CAGR of 5.9% during the forecast period (2021-2027). The presence of major manufacturers of chemicals across the region is a key factor driving the growth of the acetonitrile market in China. Easy availability of low-cost raw material and skilled labor are some key factors that have contributed to the high presence of chemical manufacturers across the country. The application of acetonitrile such as in vinyl-based paints, extracting solvent for fatty acid and butadiene, denaturant for ethanol, and solvent for propylene synthetic fiber is propelling the market growth. 

COVID-19 pandemic has affected manufacturing and construction activities globally. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. This is majorly owing to COVID-19 lockdown having a significant impact on the chemical supply chains because of the early lockdown in China, which is the leading manufacturing hub for chemicals. Most initiatives in the country have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers, and customers alike.  

The China acetonitrile market is segmented based on type, application, and end-user. Based on the type, the market is fragmented as derivative and solvent. Based on applications, the market is segmented as organic synthesis, specialty chemicals, HPLC solvents, pharmaceutical, extraction, DNA and RNA synthesis, and others. Among the applications, organic synthesis is expected to grow at a decent rate followed by HPLC solvents and pharmaceuticals.  Based on the end-user, the market is segmented as pharmaceutical industry, analytical industry, agricultural industry, and others. 

Further, CNPC, Jilin Chemical Group, Henan GP Chemicals Co., Ltd, Sinopec Group, Shanghai SECCO Petrochemicals among others are some of the prominent players functioning in China acetonitrile market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players to sustain in the highly competitive market. 

RESEARCH METHODOLOGY

The market study of the China acetonitrile market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research papers, and news blogs
• Company websites and their product catalog

The report is intended for acetonitrile provider companies, and its application such as manufacturing, retail, government and defense, and healthcare, among others, research institutes and universities, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. China Acetonitrile  Market Research and Analysis by Type
2. China Acetonitrile  Market Research and Analysis by Application
3. China Acetonitrile  Market Research and Analysis by End-User 

The Report covers:

• Comprehensive research methodology of the China acetonitrile market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the China acetonitrile market.
• Insights about market determinants that are stimulating the China acetonitrile market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.