Propionitrile Market
The research report on Propionitrile Market is segmented by Application, by End-use Industry and by Region - Size, Share, Outlook, and Opportunity Analysis, 2015 – 2026
The research report on Propionitrile Market is segmented by Application, by End-use Industry and by Region - Size, Share, Outlook, and Opportunity Analysis, 2015 – 2026
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<strong>Propionitrile</strong> <strong>Market</strong> - Size, Share, Outlook, and<br />
Opportunity Analysis, 2015 – 2026<br />
<strong>Propionitrile</strong> also called as propanenitrile and ethyl cyanide is an organic compound<br />
with molecular formula CH3CH2Cn. It is colorless, highly soluble in water, alcohol,<br />
and ethanol. It is used for production of hardener of epoxy resin,<br />
2-ethyl-4-methylimidazole, and sulfafurazole. <strong>Propionitrile</strong> is used as a solvent in<br />
chemical industry. It is serve as a building block to make intermediates, which are<br />
useful in agriculture, personal care, and pharmaceutical industry.<br />
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Increasing demand for propionitrile from pharmaceutical industry is driving growth of<br />
the global propionitrile market, owing to its applications in pharmaceutical industry,<br />
as solvent and intermediate. It is serves as a building block that is used in the<br />
preparation of the pharmaceutical drug flopropione by the Houben-Hoesch reaction.<br />
For instance, according to the India Brand Equity Foundation (IBEF), the<br />
pharmaceutical sector in India accounted for 2.4% share of the global<br />
pharmaceutical industry in terms of value in 2017, and is expected to expand at a<br />
CAGR of 12.89% during 2015 to 2020.<br />
However, high exposure to propionitrile can cause vomiting, nausea, headache,<br />
confusion, weakness, dizziness which are the major factors restraining growth of the<br />
global propionitrile market.<br />
<strong>Market</strong> Outlook<br />
North America held dominant position in the global propionitrile market in 2017,<br />
owing to growing pharmaceutical industry in the region, which is propelling demand<br />
for propionitrile. <strong>Propionitrile</strong> is used to prepare flopropione, which is used as<br />
spasmolytic agent and serotonin receptor antagonist that acts as an inhibitor in<br />
pharmaceutical industry. For instance, according to the International Trade<br />
Association (ITA), total pharmaceutical sales in 2016, was valued at US$ 333 billion<br />
in the U.S.
Key Players<br />
Key players operating in the global propionitrile market include Ascend Performance<br />
Materials, Indo Amines Limited, Sigma Solvents Pvt. Ltd., Keepchem<br />
Pharmaceutical Co., Ltd., Parchem fine & specialty chemicals, Eve Li Shanghai<br />
Worldyang Chemical Co., Limited, Toronto Research Chemicals, Merck KGaA,<br />
Zhangjiagang BeiLi Chemicals Co., Ltd., A. B. Enterprises, Triveni Interchem P. Ltd.,<br />
Zhishang Group and eMolecules, Inc.<br />
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