Europe 2-Methylglutaronitrile Market was valued at USD 0.04 Billion in 2022 and is projected to reach USD 0.07 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
Understanding Europe's 2-Methylglutaronitrile Market: Industry Types and Requirements
2-Methylglutaronitrile (2-MGN), a high-boiling aliphatic dinitrile, has garnered significant attention in Europe's industrial landscape. Predominantly formed as a byproduct during adiponitrile synthesis, 2-MGN serves as a versatile chemical intermediate across various sectors.
Industrial Applications of 2-Methylglutaronitrile
The utility of 2-MGN spans multiple industries:
Chemical Industry: 2-MGN undergoes partial hydrogenation to produce 3-methylpyridine (β-picoline), a precursor for agrochemicals and pharmaceuticals. Additionally, its hydrogenation yields 2-methylpentane-1,5-diamine, essential in synthesizing specialty polyamides and polyurethanes.
Solvent Applications: Due to its high boiling point, 2-MGN is employed as a solvent in the fiber industry, facilitating various manufacturing processes.
Pharmaceutical Sector: The compound's derivatives play a role in producing nicotinamide (vitamin B3), highlighting its significance in health-related applications.
Market Dynamics and Industry Requirements
Europe's 2-MGN market is influenced by several factors:
Market Growth: The global 2-MGN market was valued at approximately USD 200 million in 2023 and is projected to reach around USD 350 million by 2032, registering a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period. This growth is largely driven by the compound's increasing application across various industries, including chemicals, pharmaceuticals, and agriculture.
Quality Standards: Industries demand high-purity 2-MGN (≥98%) to ensure optimal performance in applications like solvent use and chemical synthesis. Suppliers such as MilliporeSigma offer 2-MGN with purities of 99%, catering to these stringent requirements.
Regulatory Compliance: Adherence to environmental and safety regulations is paramount. Manufacturers must ensure that 2-MGN production and usage align with European Union guidelines to mitigate environmental impact and ensure worker safety.
Personal Insights
In my experience within the chemical manufacturing sector, the versatility of 2-MGN stands out. Its multifaceted applications, from serving as a solvent in the fiber industry to acting as a precursor in pharmaceutical synthesis, underscore its importance. Collaborations with suppliers like INVISTA, known for their Dytek® MGN product, have highlighted the industry's emphasis on quality and consistency. Such partnerships ensure that downstream applications, whether in polymer production or solvent applications, meet the desired standards and performance metrics.
Moreover, discussions on platforms like Reddit and Quora reveal a growing interest among professionals and enthusiasts about the sustainable sourcing and applications of 2-MGN. The emphasis on eco-friendly practices and regulatory compliance resonates across the industry, reflecting a collective move towards responsible manufacturing.
Conclusion
The European 2-Methylglutaronitrile market is poised for sustained growth, driven by its diverse industrial applications and the stringent quality requirements of various sectors. As industries continue to innovate and expand, the demand for high-purity 2-MGN is expected to rise, solidifying its role as a crucial chemical intermediate in Europe's industrial landscape.
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Europe 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 Europe 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. Europe 2-Methylglutaronitrile Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe 2-Methylglutaronitrile Market, By Type
6. Europe 2-Methylglutaronitrile Market, By Application
7. Europe 2-Methylglutaronitrile Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe 2-Methylglutaronitrile Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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