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The global pyridine market reached a value of US$ 629.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 864.9 Million by 2027, exhibiting a CAGR of 5.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Pyridine (C5H5N) is a heterocyclic organic compound with a strong sour, putrid, and fish-like odor. It is synthesized from crude coal tar, ammonia, formaldehyde, and acetaldehyde or through the chemical breakdown of various natural elements. It is widely used to produce different products such as medicines, vitamins, food flavorings, paints, dyes, rubber products, adhesives, insecticides, and herbicides. As a result, it finds extensive applications in pharmaceutical, chemical, food and beverage (F&B), and paint and coating industries across the globe.
At present, there is a rise in the utilization of pyridine derivatives, such as beta picoline, to manufacture vitamin B3 and B6 for improving digestion, maintaining cholesterol levels, curing skin diseases, and reducing the risk of cardiovascular problems. This, along with the expanding pharmaceutical industry across the globe, represents one of the key factors driving the market. Moreover, there is an increase in the employment of pyridine as a raw material to produce insecticides, herbicides, and fungicides around the world. This, coupled with the rising demand for pyridine as a solvent to produce chemicals and adhesives, is propelling the growth of the market. In addition, the growing demand for its derivatives as a denaturant for manufacturing antifreeze mixtures that are used in cars, trucks and other automobiles is positively influencing the market. Besides this, the increasing usage of pyridine in the food and beverage (F&B) industry as a low-volume additive for flavoring products is offering lucrative growth opportunities to market players. These players are extensively investing in research and development (R&D) activities to produce pyridine with less toxicity, which is projected to strengthen the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global pyridine market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, synthesis, end-use industry and application.
Breakup by Product Type:
Pyridine N-Oxide holds the largest market share on account of its potential of reacting with both nucleophilic and electrophilic reagents.
Breakup by Synthesis:
Breakup by End-Use Industry:
Pyridine is extensively used in agrochemicals to manufacture herbicides, pesticides and insecticides.
Breakup by Application:
Breakup by Region:
The Asia Pacific exhibits a clear dominance in the market due to the escalating demand for niacinamide in the pharmaceutical industry.
The report has also analysed the competitive landscape of the market with some of the key players being Vertellus Holdings LLC, Red Sun Co. Ltd., Jubilant Life Sciences Ltd., Lonza Group Ltd., Resonance Specialties Limited, Shandong Luba Chemical Co., Ltd., Koei Chemical Company, Limited, Seidler Chemical Co, Inc., Weifang Sunwin Chemicals Co. Ltd., Novasyn Organics Pvt. Ltd., and Nippon Steel & Sumikin Chemical Co., Ltd., etc.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Synthesis, End-Use Industry, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Vertellus Holdings LLC, Red Sun Co. Ltd., Jubilant Life Sciences Ltd., Lonza Group Ltd., Resonance Specialties Limited, Shandong Luba Chemical Co., Ltd., Koei Chemical Company, Limited, Seidler Chemical Co, Inc., Weifang Sunwin Chemicals Co. Ltd., Novasyn Organics Pvt. Ltd., and Nippon Steel & Sumikin Chemical Co., Ltd.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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