The acetonitrile market is expected to grow by 36.07 thousand tons during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the acetonitrile market in optimistic, probable, and pessimistic forecast scenarios.
The acetonitrile market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
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Major Three Acetonitrile Market Participants:
The company offers acetonitrile that is mainly utilized in process and extraction solvent in pharmaceuticals, agricultural chemicals, laboratory (HPLC), butadiene extraction, and in the production of intermediates.
Asahi Kasei Corp.
The company produces 3 grades of acetonitrile including chemical grade, reagent grade, and highly purified grade that are used for a wide range of applications.
The company offers acetonitrile through its business division, VWR Chemicals.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
The acetonitrile market is driven by the high consumption of acetonitrile in the pharmaceutical industry. In addition, the growth in end-user industries in China and India is expected to trigger the acetonitrile market toward witnessing a CAGR of almost 6% during the forecast period.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.