According to this Persistence Market Research study, the Pyridine Market is presently estimated to be worth over US$ 1.1 billion and is expected to grow by 2.2 times by the end of the decade. The data also shows that a robust CAGR of 8.2% is predicted for the industry’s growth.
Market Overview
Pyridine is an odorless, combustible, poisonous, and soluble liquid basic. It is frequently regarded as the parent substance of numerous chemical compounds found in nature. It is the favored option for agricultural and medicinal precursors. Pyridine was initially produced by gasifying coal or by extracting it from coal tar.
Since just 0.1-0.2% of pyridine was left in the coal tar after extraction, the technique proved both expensive and ineffective. Pyridine and its derivatives are currently created synthetically. Chichibabin synthesis, Bönnemann cyclization, and cobalt-catalyzed alkyne-nitrile cyclotrimerization are some of the reactions that are most frequently employed to make pyridine.
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Key Points Covered in Pyridine Industry Report:
- Primary market growth-restraining factors
- Recommendations for effective winning tactics
- Market forecasts and estimations from 2016 to 2031
- Regional, national, and segmental analyses
- Key product developments and the regulatory environment
- Impact of COVID-19 on pyridine sales and how to proceed
- Benchmarking and competition mapping
- Analysis of market and brand share
Drivers and Trends
Increasing demand for pyridine and its derivatives due to diverse chemical functionalities in pharmaceutical and agricultural applications is anticipated to fuel the market over the forecast period.
Historically, pyridine was only used as a solvent in the production of chemicals, adhesives, and pharmaceuticals. However, pyridine derivatives are now being used more and more frequently as raw materials in the production of agrochemicals, pharmaceuticals, food flavoring additives, and other products.
Antifreeze mixes can also be denaturated using pyridine derivatives. Other factors influencing the growth of the worldwide pyridine market include improvements in biocatalyst processes, an increase in demand for synthetic pyridine, and an increase in the use of pyridine in pesticides and herbicides.
Companies are investing heavily in research to improve the chemical properties of pyridine and its derivatives so that they will be used more frequently in agrochemicals such as fungicides, insecticides/acaricides, and herbicides.
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Market Segmentation:
By Product Type:
- Pyridine N-oxide
- Alpha Picoline
- Beta Picoline
- Gamma Picoline
- 2-Methyl-5-Ethylpyridine (MEP
By Application
- Agrochemicals
- Pharmaceuticals
- Chemicals
- Food
- Others (Dyestuffs, Alcohol)
By Region
- Agrochemicals
- Pharmaceuticals
- Chemicals
- Food
- Others (Dyestuffs, Alcohol)
Taxonomy of markets
The global pyridine market has been divided into major segments based on product type, application, and geography by Persistence Market Research in its study titled “Global Market Study on Pyridine Market: Increasing Demand for Synthetic Pyridine to Drive Growth during Forecast Period 2021-2031”.
The market is divided into pyridine N-oxide, alpha picoline, beta picoline, gamma-picoline, and 2-Methyl-5-Ethylpyridine based on the type of product (MEP).
The global pyridine market is divided into agrochemicals, pharmaceuticals, chemicals, food, and others based on application. The global pyridine market is divided into five regions based on geography: North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
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Frequently asked questions:
- What variables influence the demand for pyridine?
- How quickly did the pyridine market growth over the last five years?
- What percentage of the worldwide market do the top 5 players control?
- How much is the pyridine market currently worth?
- Which countries are leading the world in pyridine production?
- What patterns are shaping the future of the pyridine market?
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