LAMEA Acetonitrile Market Size, Share & Trends Analysis Report By Type Solvent, and Derivative), By Application (Analytical Applications, Organic Synthesis, Extraction, and Others), By End-user, By Country and Growth Forecast, 2024 - 2031

The Latin America, Middle East and Africa Acetonitrile Market would witness market growth of 7.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 184.4 hundred Tonnes, showcasing a growth of 5.0% (2024-2031).

In pharmaceuticals, it serves as a versatile solvent for synthesizing pharmaceutical intermediates and active pharmaceutical ingredients (APIs), facilitating drug development processes. Additionally, in the agrochemical sector, acetonitrile acts as a solvent for pesticide formulations and herbicides, ensuring efficient dispersion and application. Therefore, the Argentina market utilized 8.05 hundred Tonnes of acetonitrile as solvent in 2023.

The Brazil market dominated the LAMEA Acetonitrile Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $13,675.3 Thousands by 2031. The Argentina market is showcasing a CAGR of 8.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 6.8% during (2024 - 2031).

The acetonitrile market is characterized by dynamic trends and evolving market dynamics, driven by shifting consumer preferences, regulatory developments, and technological innovations. One prominent trend is the growing demand for high-purity acetonitrile, driven by stringent quality standards and increasing requirements for analytical and laboratory applications. As industries prioritize product quality, reliability, and safety, the demand for ultra-pure acetonitrile for chromatography, spectroscopy, and other analytical techniques continues to surge.

Moreover, regulatory agencies and quality assurance standards impose stricter requirements on the purity and quality of chemicals used in analytical procedures, particularly in regulated industries such as pharmaceuticals and food testing. Compliance with these stringent standards necessitates using high-purity solvents like acetonitrile to minimize interference, contamination, and variability in analytical results. As a result, manufacturers and suppliers are under pressure to provide acetonitrile products that meet or exceed these demanding quality specifications, driving the demand for ultra-pure grades of acetonitrile in the market.

Brazil is one of the world’s largest producers and exporters of agricultural commodities, including soybeans, sugarcane, coffee, and corn. The country’s vast agricultural lands require effective pest management strategies to protect crops from pests, diseases, and weeds. Acetonitrile is a key solvent and carrier solvent used to formulate pesticides such as herbicides, insecticides, and fungicides. Thus, the growing pharmaceutical and agrochemical sectors in LAMEA will help in the expansion of the regional acetonitrile market.

Free Valuable Insights: The Worldwide Acetonitrile Market is Projected to reach USD 664.8 Million by 2031, at a CAGR of 6.1%

Based on Type, the market is segmented into Solvent, and Derivative. Based on Application, the market is segmented into Analytical Applications, Organic Synthesis, Extraction, and Others. Based on End-user, the market is segmented into Pharmaceutical, Analytical Industry, Agrochemical, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

• Honeywell International, Inc
• Thermo Fisher Scientific, Inc.
• INEOS Group Holdings S.A
• Asahi Kasei Corporation
• PetroChina Company Limited (China National Petroleum Corporation)
• Formosa Plastics Group
• Avantor, Inc.
• Nantong Acetic Acid Chemical Co., Ltd.
• Neuchem Inc.
• Nova Molecular Technologies, Inc.

LAMEA Acetonitrile Market Report Segmentation

By Type (Volume, Hundred Tonnes, USD Million, 2020-2031)

• Solvent
• Derivative

By Application (Volume, Hundred Tonnes, USD Million, 2020-2031)

• Analytical Applications
• Organic Synthesis
• Extraction
• Others

By End-user (Volume, Hundred Tonnes, USD Million, 2020-2031)

• Pharmaceutical
• Analytical Industry
• Agrochemical
• Others

By Country (Volume, Hundred Tonnes, USD Million, 2020-2031)

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Acetonitrile Market, by Type
1.4.2 LAMEA Acetonitrile Market, by Application
1.4.3 LAMEA Acetonitrile Market, by End-user
1.4.4 LAMEA Acetonitrile Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. LAMEA Acetonitrile Market by Type
4.1 LAMEA Solvent Market by Country
4.2 LAMEA Derivative Market by Country

Chapter 5. LAMEA Acetonitrile Market by Application
5.1 LAMEA Analytical Applications Market by Country
5.2 LAMEA Organic Synthesis Market by Country
5.3 LAMEA Extraction Market by Country
5.4 LAMEA Others Market by Country

Chapter 6. LAMEA Acetonitrile Market by End-user
6.1 LAMEA Pharmaceutical Market by Country
6.2 LAMEA Analytical Industry Market by Country
6.3 LAMEA Agrochemical Market by Country
6.4 LAMEA Others Market by Country

Chapter 7. LAMEA Acetonitrile Market by Country
7.1 Brazil Acetonitrile Market
7.1.1 Brazil Acetonitrile Market by Type
7.1.2 Brazil Acetonitrile Market by Application
7.1.3 Brazil Acetonitrile Market by End-user
7.2 Argentina Acetonitrile Market
7.2.1 Argentina Acetonitrile Market by Type
7.2.2 Argentina Acetonitrile Market by Application
7.2.3 Argentina Acetonitrile Market by End-user
7.3 UAE Acetonitrile Market
7.3.1 UAE Acetonitrile Market by Type
7.3.2 UAE Acetonitrile Market by Application
7.3.3 UAE Acetonitrile Market by End-user
7.4 Saudi Arabia Acetonitrile Market
7.4.1 Saudi Arabia Acetonitrile Market by Type
7.4.2 Saudi Arabia Acetonitrile Market by Application
7.4.3 Saudi Arabia Acetonitrile Market by End-user
7.5 South Africa Acetonitrile Market
7.5.1 South Africa Acetonitrile Market by Type
7.5.2 South Africa Acetonitrile Market by Application
7.5.3 South Africa Acetonitrile Market by End-user
7.6 Nigeria Acetonitrile Market
7.6.1 Nigeria Acetonitrile Market by Type
7.6.2 Nigeria Acetonitrile Market by Application
7.6.3 Nigeria Acetonitrile Market by End-user
7.7 Rest of LAMEA Acetonitrile Market
7.7.1 Rest of LAMEA Acetonitrile Market by Type
7.7.2 Rest of LAMEA Acetonitrile Market by Application
7.7.3 Rest of LAMEA Acetonitrile Market by End-user

Chapter 8. Company Profiles
8.1 Honeywell International, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Thermo Fisher Scientific, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 INEOS Group Holdings S.A.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Acquisition and Mergers:
8.3.5 SWOT Analysis
8.4 Asahi Kasei Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 PetroChina Company Limited (China National Petroleum Corporation)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Formosa Plastics Group
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 SWOT Analysis
8.7 Avantor, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 SWOT Analysis
8.8 Nantong Acetic Acid Chemical Co., Ltd.
8.8.1 Company Overview
8.9 Neuchem Inc.
8.9.1 Company Overview
8.10. Nova Molecular Technologies, Inc.
8.10.1 Company Overview

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Acetonitrile Market, by Type
1.4.2 LAMEA Acetonitrile Market, by Application
1.4.3 LAMEA Acetonitrile Market, by End-user
1.4.4 LAMEA Acetonitrile Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. LAMEA Acetonitrile Market by Type
4.1 LAMEA Solvent Market by Country
4.2 LAMEA Derivative Market by Country

Chapter 5. LAMEA Acetonitrile Market by Application
5.1 LAMEA Analytical Applications Market by Country
5.2 LAMEA Organic Synthesis Market by Country
5.3 LAMEA Extraction Market by Country
5.4 LAMEA Others Market by Country

Chapter 6. LAMEA Acetonitrile Market by End-user
6.1 LAMEA Pharmaceutical Market by Country
6.2 LAMEA Analytical Industry Market by Country
6.3 LAMEA Agrochemical Market by Country
6.4 LAMEA Others Market by Country

Chapter 7. LAMEA Acetonitrile Market by Country
7.1 Brazil Acetonitrile Market
7.1.1 Brazil Acetonitrile Market by Type
7.1.2 Brazil Acetonitrile Market by Application
7.1.3 Brazil Acetonitrile Market by End-user
7.2 Argentina Acetonitrile Market
7.2.1 Argentina Acetonitrile Market by Type
7.2.2 Argentina Acetonitrile Market by Application
7.2.3 Argentina Acetonitrile Market by End-user
7.3 UAE Acetonitrile Market
7.3.1 UAE Acetonitrile Market by Type
7.3.2 UAE Acetonitrile Market by Application
7.3.3 UAE Acetonitrile Market by End-user
7.4 Saudi Arabia Acetonitrile Market
7.4.1 Saudi Arabia Acetonitrile Market by Type
7.4.2 Saudi Arabia Acetonitrile Market by Application
7.4.3 Saudi Arabia Acetonitrile Market by End-user
7.5 South Africa Acetonitrile Market
7.5.1 South Africa Acetonitrile Market by Type
7.5.2 South Africa Acetonitrile Market by Application
7.5.3 South Africa Acetonitrile Market by End-user
7.6 Nigeria Acetonitrile Market
7.6.1 Nigeria Acetonitrile Market by Type
7.6.2 Nigeria Acetonitrile Market by Application
7.6.3 Nigeria Acetonitrile Market by End-user
7.7 Rest of LAMEA Acetonitrile Market
7.7.1 Rest of LAMEA Acetonitrile Market by Type
7.7.2 Rest of LAMEA Acetonitrile Market by Application
7.7.3 Rest of LAMEA Acetonitrile Market by End-user

Chapter 8. Company Profiles
8.1 Honeywell International, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Thermo Fisher Scientific, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 INEOS Group Holdings S.A.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Acquisition and Mergers:
8.3.5 SWOT Analysis
8.4 Asahi Kasei Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 PetroChina Company Limited (China National Petroleum Corporation)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Formosa Plastics Group
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 SWOT Analysis
8.7 Avantor, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 SWOT Analysis
8.8 Nantong Acetic Acid Chemical Co., Ltd.
8.8.1 Company Overview
8.9 Neuchem Inc.
8.9.1 Company Overview
8.10. Nova Molecular Technologies, Inc.
8.10.1 Company Overview