Propionitrile Market To Surpass US$ 12.22 Million By 2027

CoherentMarketInsightsPvtLtd

The global propionitrile market is expected to surpass US$ 12.22 million by 2027, exhibiting a CAGR of 5.9% during the forecast period (2020-2027). The growth of the propionitrile market is expected to be driven by growth of the pharmaceutical industry. For instance, according to Coherent Market Insights’ analysis, the U.S. pharmaceutical market was valued at approximately US$ 865 Bn in 2018. Demand for propionitrile is increasing due to increasing demand from the pharmaceutical and agricultural industry across the globe.

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Market Size (2019)

US$ 8.40 MN

CAGR (2019 –

2027)

5.9%

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Segmentation (Scope)

• Additives

• Intermediates

• Personal Care

• Pharmaceuticals

• Agriculture

• Others

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Major Drivers


Increasing demand for

propionitrile in

pharmaceutical industry


Increasing Application of propionitrile

in agricultural industry

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EUROPE

Market Size

US$ 0.99 MN

ASIA PACIFIC

Market Size

US$ 3.70 MN

CAGR

3.5%

CAGR

7.7%

Major Driver

Major Drivers


Expansion of fragrance and flavoring to the

cosmetic industry


Rising demand for propionitrile from pharmaceutical

industry as solvent and intermediate


The increasing awareness about personal grooming

is contributing to growth of the personal care

industry

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Major Players

Air Liquide

Ascend Performance Materials

TCI

Shanghai Worldyang Chemical Co., Ltd.

Alfa Aesar

Sigma Solvents Private Limited

Triveni Chemicals

Toronto Research Chemicals, Inc.

Indo Amines Limited

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Global Propionitrile Market Revenue Share

(%), By End-Use, 2019

?

?

?

?

Personal Care Pharmaceuticals Agriculture Others (Industrial, etc.)

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