European Acetonitrile Market Size, Share, Analysis, Industry Report and Forecast 2021-2027

The European acetonitrile market is anticipated to grow at a CAGR of 3.8% during the forecast period (2021-2027). The growing demand for Econitrile owing to its low carbon footprint and reduced effect on the environment is contributing to the growth of the market. The key companies across the region are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launch, and product innovation to remain competitive in the marketplace. For instance, In September 2019, Anqore announced the launch of Econitrile. Econitrile is a brand under which AnQore started producing and supplying certified sustainable acrylonitrile. It has a significantly lower impact on the environment. Econitrile is made from non-fossil feedstocks and is based on ISCC+ certification and mass balance calculation. According to a life cycle assessment study performed by AnQore in cooperation with Maastricht University, Econitrile has a 60% lower carbon footprint when compared with acrylonitrile. 

To Request a Sample of our Report on European Acetonitrile Market:   https://www.omrglobal.com/request-sample/europe-acetonitrile-market

Apart from this, it is used to make pharmaceuticals, to manufacture antibiotics as an industrial process solvent and insulin. The growth of pharmaceuticals in the region is driving the market of acetonitrile. According to the European Federation of Pharmaceuticals Industries and Association (EFPIA), in 2016 North America accounted for 41.0% world’s pharmaceuticals as compared to 21.55% for Europe. Additionally, according to the same source the total pharmaceutical industry R & D expenditure of Europe in 2015 was $39.7 billion. Further, the pharmaceuticals exports in Europe in 2015 accounted for $43.4 billion. The UK held the highest share for pharmaceuticals import with $39.6 billion. 

 Further, the expansion and establishment of new battery plants in the region owing to acetonitrile’s application in making batteries due to its high dielectric constant and ability to dissolve electrolytes are contributing to the growth of the market. For instance, in February 2020, Saft and the PSA Group had announced their plans to set up two battery cell plants in Europe. The growth in the battery industry across the region is anticipated to drive the European acetonitrile market. 

Market Coverage

·                  The market number available for – 2020-2027

·                  Base year- 2020

·                  Forecast period- 2021-2027

Segment Covered- 

·                  By Type

·                  By Application 

·                  By End-User 

·        Competitive Landscape- AnQore BV, Formosa Plastic Corporation, INEOS, Mitsubishi Chemical Corporation, Asahi Kasei Corp., Greenfield Global Inc., and so on.

(Get 15% Discount on Buying this Report)

A full Report of European Acetonitrile Market is Available at:   https://www.omrglobal.com/industry-reports/europe-acetonitrile-market

European Acetonitrile Market – Segmentation

By Type

·                  Derivative 

·                  Solvent 

By Application 

·                  Organic Synthesis

·                  Specialty Chemicals

·                  HPLC Solvents

·                  Pharmaceutical

·                  Extraction

·                  DNA and RNA Synthesis 

·                  Others

By End-User Industry 

·                  Pharmaceutical Industry

·                  Analytical Industry

·                  Agricultural Industry 

·                  Others 

European Acetonitrile Market Report Segment

·                  UK

·                  Germany

·                  Spain

·                  France

·                  Italy

Rest of Europe

Company Profiles 

·                  Asahi Kasei Corp.

·                  Anqore B.V.

·                  BASF SE

·                  Biosolve Chimie

·                  Formosa Plastic Corp.

·                  Greenfield Global, Inc. 

·                  Hunan Chemical B.V. 

·                  INEOS Group, Ltd.

·                  Merck KGaA 

·                  Mitsubishi Chemical Corp.

·                  Robinson Brothers, Ltd.

·                  Thermo Fisher Scientific, Inc.

·                  VWR International, LLC

Reasons to Buying From us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @  https://www.omrglobal.com/report-customization/europe-acetonitrile-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Comments

Post a Comment

Popular posts from this blog

European Data Backup and Recovery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

  European Data Backup and Recovery Market are expected to reach $5.7 billion in 2027, growing at a CAGR of 9.5% during the forecast period (2021-2027). Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization. Regulations regarding the data localization such as GDPR by the European Union and countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain. These economies are part of the European Union, which covers most of the continent. The aim of the European Union was to increase economic cooperation and encourage free trade among countries. To Request a Sample of our Report on European Data Backup and Recovery Market :   https://www.omrglobal.com/request-sample/european-data-backup-recovery-...
Read more

Insect Repellent Market Is Likely to Experience a Tremendous Growth by 2031

This informative Insect Repellent Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this Insect Repellent Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help o...
Read more

Asia-Pacific Urban Air Mobility Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market. To Request a Sample of our Report on Asia-Pacific Urban Air Mobility Market :   https://www.omrglobal.com/request-sample/asia-pacific-urban-air-mobility-market Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the As...
Read more