Select Language
According to the latest report by IMARC Group, titled "Pyridine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global pyridine market reached a value of US$ 663.6 Million in 2022. Pyridine is a chemical compound that is highly flammable in nature and characterized by a penetrating nauseating odor. Its structure is isoelectronic that contains nitrogen and carbon atoms, due to which it is miscible with water. It is a weak base compound, which is generally utilized as a reaction solvent in the production of food flavorings, vitamins, medicines, rubber products, dyes, paints, adhesives, herbicides and pesticides. It is commonly obtained from coal tar and bone pyrolyzates or synthesized using various chemicals, such as ammonia, acetaldehyde and tetrahydrofurfuryl alcohol.
Global Pyridine Market Trends:
The global market is primarily driven by the growing product demand from the pharmaceutical industry. This is supported by the rising utilization of pyridine in the manufacturing of sulfapyridine, a drug that is used in the treatment of viral and bacterial infections. In line with this, the growing consumption of health supplements due to the increasing health consciousness and the rising prevalence of lifestyle diseases among individuals is creating a positive market outlook. Along with this, the widespread chemical adoption in the production of piperidine compound, that is mainly utilized as a raw material in rubber and agrochemical production, is propelling the pyridine market across the globe. Due to the escalating consumption of ready-to-eat and packaged foods among the masses, there has been a considerable increase in the demand for pyridine in the manufacturing of food additives. Other factors, including rapid industrialization, continual developments in the chemical sector and the growing investments by key players to conduct extensive research and development (R&D) activities, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 904.6 Million by 2028, exhibiting a CAGR of 5.5% during 2023-2028.
Market Summary:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St, Ste
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com