2-Methylglutaronitrile Market Revenue was valued at USD 125 Million in 2024 and is estimated to reach USD 250 Million by 2033, growing at a CAGR of 8.5% from 2026 to 2033.
The global 2 Methylglutaronitrile market has been experiencing steady growth, driven by its diverse applications across various industries. In 2022, the market was valued at approximately USD 677.9 million and is projected to reach USD 904.3 million by 2029, reflecting a compound annual growth rate (CAGR) of 4.2% during the forecast period. This growth is primarily attributed to the compounds extensive use as a chemical intermediate in the synthesis of specialty chemicals, pharmaceuticals, and agrochemicals. The increasing demand for high performance materials and the expansion of the pharmaceutical sector further contribute to the markets upward trajectory. Regionally, Asia Pacific dominates the 2 Methylglutaronitrile market, accounting for a significant share due to rapid industrialization and the presence of major chemical manufacturing hubs in countries like China and India. The regions robust manufacturing capabilities and growing investments in chemical and pharmaceutical industries are key drivers of this dominance. North America follows, with the United States playing a crucial role, supported by advanced chemical and pharmaceutical industries and a strong focus on innovation. Europe also holds a substantial market share, characterized by well established chemical sectors and stringent regulatory frameworks that drive the demand for high quality intermediates like 2 Methylglutaronitrile. Other regions, including Latin America and the Middle East & Africa, are witnessing moderate growth, propelled by developing industrial sectors and increasing investments in chemical manufacturing.
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INVISTA
Biosynth Carbosynth
J&H CHEM
Didu Group
Hairui
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 2-Methylglutaronitrile Market
Solvent for Chemical Reactions
Intermediate in Pharmaceutical Production
Raw Material for Polymer Synthesis
Extraction Agent in Metal Recovery
Specialty Coatings and Adhesives
Pharmaceuticals
Chemicals
Agriculture
Electronics
Automotive
Others (Textiles, Construction, etc.)
Liquid Formulation
Solid Formulation
Direct Sales
Distributors
Online Retail
Industrial Grade
Pharmaceutical Grade
Laboratory Grade
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 2-Methylglutaronitrile Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 2-Methylglutaronitrile Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 2-Methylglutaronitrile Market, By Type
6. Global 2-Methylglutaronitrile Market, By Application
7. Global 2-Methylglutaronitrile Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global 2-Methylglutaronitrile Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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