PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587934
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587934
Propionitrile Market, By Type (Additive and Intermediates), By Application (Pharmaceutical, Personal Care, Agriculture, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Propionitrile market is estimated to be valued at USD 105.2 Mn in 2024 and is expected to reach USD 148.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 5% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 105.2 Mn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 5.00% | 2031 Value Projection: | US$ 148.2 Mn |
Propionitrile is an organic compound used as an intermediate in the production of other compounds. It is a colorless liquid with an unpleasant odor similar to propionic acid. Propionitrile has a variety of industrial uses and is predominantly consumed in the production of pharmaceuticals and agrochemicals. The compound acts as an intermediate in the manufacture of various drugs including anticonvulsants, antibiotics, and anti-tumor agents as well as in the synthesis of crop protection chemicals. Rising demand from the pharmaceutical and agrochemical industries over the years is expected to drive the propionitrile market growth during the forecast period.
Market Dynamics:
The propionitrile market is expected to be driven by factors such as growing demand from the pharmaceutical and agrochemical industries where it is used as an intermediate in the manufacturing of various end-use products. Pharmaceutical companies are increasingly focusing on developing advanced drugs to cater to the needs of a rising global population which is supporting the consumption of propionitrile. Similarly, the demand for agrochemicals such as pesticides, herbicides, and fungicides is growing with increasing concerns about food security across major agriculturally centered economies. However, the availability of substitute compounds for certain applications and stringent environmental regulations regarding its production and use may restrain the market growth to a certain extent. On the positive side, research and development activities around the development of new pharmaceutical formulations and agrochemicals using propionitrile provide new opportunities for market growth over the forecast period.
Key Features of the Study:
This report provides in-depth analysis of the global propionitrile market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global propionitrile market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Air Liquide, Alfa Aesar, Ascend Performance Materials, Indo Amines Limited, Shanghai Worldyang Chemical Co., Ltd., Sigma Solvents Private Limited, TCI, Toronto Research Chemicals, Inc., and Triveni Chemicals
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global propionitrile market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global propionitrile market
Market Segmentation
- By Type Insights (Revenue, USD, 2019 - 2031)
- Additive
- Intermediates
- By Application Insights (Revenue, USD, 2019 - 2031)
- Pharmaceutical
- Personal Care
- Agriculture
- Others
- By Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Air Liquide
- Alfa Aesar
- Ascend Performance Materials
- Indo Amines Limited
- Shanghai Worldyang Chemical Co., Ltd.
- Sigma Solvents Private Limited, TCI
- Toronto Research Chemicals, Inc.
- Triveni Chemicals
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Propionitrile Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Propionitrile Market - COVID-19
- Impact Analysis
5. Global Propionitrile Market, By Type, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Additive
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Intermediates
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
6. Global Propionitrile Market, By Application, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Pharmaceutical
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Personal Care
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Agriculture
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Propionitrile Market, By Region, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (USD Mn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Air Liquide
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Alfa Aesar
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Ascend Performance Materials
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Indo Amines Limited
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Shanghai Worldyang Chemical Co., Ltd.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Sigma Solvents Private Limited, TCI
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Toronto Research Chemicals, Inc.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Triveni Chemicals
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Air Liquide
9. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About Us and Sales Contact
