Market Overview:
The global methyl cyanide market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for pharmaceuticals and lab applications, and rising investments in R&D activities. Pharmaceutical grade methyl cyanide is used as an intermediate in the manufacture of various drugs, while industrial grade methyl cyanide is used for various chemical processes such as metal extraction, electroplating, and synthetic fiber production.
Product Definition:
Methyl Cyanide is a colorless gas with a sharp, bitter odor. It is used as an industrial chemical and in the manufacture of other chemicals.
Pharmaceutical Grade:
Pharmaceutical grade is a term used for the purest form of an ingredient that can be used in pharmaceutical formulations. It's important to note that not all chemicals are suitable for pharmaceutical use and only a few thousand chemical compounds are approved by the U.S. FDA as being safe for human consumption, these include ingredients such as caffeine, nicotine, and paracetamol ( acetaminophen ).
Industrial Grade:
Industrial grade is a type of cyanide, which is widely used in the chemical industry. It has high purity and it’s commercially available in pellet form. Cyanides are used for various applications such as gold extraction, mercury refining, alkyne production and purification of olefins among others. Industrial grade cyanide finds its major application in gold extraction process due to its unique property that allows easy separation of gold from other metals during the mining process.
Application Insights:
The global methyl cyanide market is segmented by application into pharmaceutical, lab application and others. The lab applications include research laboratories, colleges/universities and high schools. Methyl cyanide is used in the production of various products such as methacrylate monomers (for example, Acrylonitrile Butadiene Styrene or ABS), methacrylic acid esters (for example, methyl Methacrylate Ester or MMAE) and metal salts of methanolamine (for example ammonium methanolate).
The demand for these products in the aforementioned applications has witnessed a rise due to growing R&D activities related to green chemistry & environment-friendly materials coupled with rising concerns over air pollution levels. Furthermore, stringent government regulations on reducing air pollution levels will further boost product demand over the forecast period.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global production owing to factors such as low labor cost, easy availability of raw materials, and increasing foreign investments. China is one of the largest producers as well as consumers of MCX globally.
North America emerged as the second-largest consumer followed by Europe due to growing environmental concerns about waste disposal along with strict laws & regulations pertaining chemical handling & transportation across U.S.
Growth Factors:
- Increasing demand for Methyl Cyanide in agrochemical and pharmaceutical industries as a precursor to various drugs and pesticides.
- Growing demand from the electronics industry for use in manufacturing LCDs, LEDs, semiconductors, etc.
- Rising awareness about the benefits of Methyl Cyanide among consumers due to increasing marketing by manufacturers and distributors.
- Technological advancements that have led to the development of new applications for Methyl Cyanide which is expected to fuel its growth in the future years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Methyl Cyanide Market Research Report
By Type
Pharmaceutical Grade, Industrial Grade, Others
By Application
Pharmaceutical, Lab Application, Others
By Companies
INEOS, Asahi Kasel Chemicals, Sinopec Group, China National Petroleum, Shanghai Secco, Shandong Shida Shenghua Chemical Group, Nantong Acetic Acid Chemical, Baiyun Group, Taekwang, Zibo Jinma Chemical Factory, INEOS, TEDIA, Daqing Huake
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Methyl Cyanide Market Report Segments:
The global Methyl Cyanide market is segmented on the basis of:
Types
Pharmaceutical Grade, Industrial Grade, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Lab Application, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- INEOS
- Asahi Kasel Chemicals
- Sinopec Group
- China National Petroleum
- Shanghai Secco
- Shandong Shida Shenghua Chemical Group
- Nantong Acetic Acid Chemical
- Baiyun Group
- Taekwang
- Zibo Jinma Chemical Factory
- INEOS
- TEDIA
- Daqing Huake
Highlights of The Methyl Cyanide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pharmaceutical Grade
- Industrial Grade
- Others
- By Application:
- Pharmaceutical
- Lab Application
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Methyl Cyanide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Methyl cyanide is a poisonous gas that can be found in small concentrations in many common items. It is often used as a pesticide and suicide agent.
Some of the major players in the methyl cyanide market are INEOS, Asahi Kasel Chemicals, Sinopec Group, China National Petroleum, Shanghai Secco, Shandong Shida Shenghua Chemical Group, Nantong Acetic Acid Chemical, Baiyun Group, Taekwang, Zibo Jinma Chemical Factory, INEOS, TEDIA, Daqing Huake.
The methyl cyanide market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Methyl Cyanide Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Methyl Cyanide Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Methyl Cyanide Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Methyl Cyanide Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Methyl Cyanide Market Size & Forecast, 2020-2028 4.5.1 Methyl Cyanide Market Size and Y-o-Y Growth 4.5.2 Methyl Cyanide Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Pharmaceutical Grade
5.2.2 Industrial Grade
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceutical
6.2.2 Lab Application
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Methyl Cyanide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Methyl Cyanide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Pharmaceutical Grade
9.6.2 Industrial Grade
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceutical
9.10.2 Lab Application
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Pharmaceutical Grade
10.6.2 Industrial Grade
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceutical
10.10.2 Lab Application
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Pharmaceutical Grade
11.6.2 Industrial Grade
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceutical
11.10.2 Lab Application
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Pharmaceutical Grade
12.6.2 Industrial Grade
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceutical
12.10.2 Lab Application
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Pharmaceutical Grade
13.6.2 Industrial Grade
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceutical
13.10.2 Lab Application
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Methyl Cyanide Market: Competitive Dashboard
14.2 Global Methyl Cyanide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 INEOS
14.3.2 Asahi Kasel Chemicals
14.3.3 Sinopec Group
14.3.4 China National Petroleum
14.3.5 Shanghai Secco
14.3.6 Shandong Shida Shenghua Chemical Group
14.3.7 Nantong Acetic Acid Chemical
14.3.8 Baiyun Group
14.3.9 Taekwang
14.3.10 Zibo Jinma Chemical Factory
14.3.11 INEOS
14.3.12 TEDIA
14.3.13 Daqing Huake