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Benzyl Cyanide Market

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The research report on Benzyl Cyanide Market is segmented by Application and By Region - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Benzyl Cyanide Market Size, Share, Opportunity Analysis
2019 - 2027
Benzyl cyanide is an organic compound, which is also termed as benzyl nitrile
or phenylacetonitrile. It is synthesized using benzyl chloride and sodium
cyanide, and is offered as a colorless oily liquid. It finds application as a solvent
and is also used in synthesis of pharmaceuticals, dyes, perfumes, and fragrances.
Benzyl cyanide is majorly used in pharmaceutical industry for synthesis of
various medicines such as analgesics, antiarrhythmics, antidepressants,
antihistamines, antimalarial medications, diuretics, hypnotics, and spasmolytics
among others.
The usage of benzyl cyanide as a precursor for synthesizing pharmaceuticals
and growing pharmaceutical industry, worldwide is expected to drive growth of
the benzyl cyanide market. For instance, according to the report, Pharmaceutical
industry and global health’ published in February 2017 by International
Federation of Pharmaceutical Manufacturers & Associations, 56 new
pharmaceuticals were launched in 2015. Moreover, as per the same source, the
global pharmaceutical market is expected to reach US$ 1,430 billion by 2020.
Therefore, growing pharmaceutical industry is expected to result in increasing
demand for benzyl cyanide over the forecast period.
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However, toxic nature of benzyl cyanide is expected to hamper the market
growth. For instance, according to the European Chemicals Agency (ECHA),
phenylacetonitrile substance is fatal if inhaled, is toxic if swallowed, and is toxic
when it comes in contact with skin.
Key players:
Key players operating in the global benzyl cyanide market include Benzochem
Industries Pvt Ltd., SynQuest Laboratories, Inc., Anjanee Chemical Industries,
Danyang Wanlong Chemical Co., Ltd., Premier Group of Industries, LGC
Limited, Tokyo Chemical Industry Co., Ltd., Qiaoji Group, and Atul Ltd
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pallavi.reddy
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