Chemicals Industry Today

Pyridine Market Trends, Growth Opportunities & Forecast 2023-2028

Pyridine and its derivates are extensively used in the production of agrochemicals. It serves as a key component in the manufacturing of herbicides, pesticides and insecticides.
Published 10 August 2023

The global pyridine market reached US$ 663.6 Million in 2022. Looking forward, the market expected to reach US$ 904.6 Million by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028, according to the new market research report by IMARC Group.

Pyridine refers to a colorless liquid that is characterized by a penetrating nauseating odor. It is a heterocyclic organic compound with the chemical formula C5H5N. It is basic in nature and is made of a benzene core in which a nitrogen atom replaces one -CH group. It is highly flammable and is soluble in water. It can be produced from coal tar, formed from the breakdown of various natural materials, or synthesized using chemicals, such as ammonia and acetaldehyde. It is widely utilized in the preparation of a wide array of products including dyes, paints, adhesives, herbicides, insecticides, vitamins, medicines and food flavorings.

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Global Pyridine Market Trends:

Pyridine and its derivates are extensively used in the production of agrochemicals. It serves as a key component in the manufacturing of herbicides, pesticides and insecticides. Furthermore, growing awareness among farmers about the importance of pest control is driving the demand for pyridine.

Moreover, this organic compound is also utilized in various pharmaceutical products like vitamin B3 and B6 supplements. Increasing incidences of diseases on account of sedentary lifestyles and shifting dietary preferences are catalyzing the demand for these products. A thriving food and beverage industry is also contributing significantly to the market growth. Apart from being utilized in food flavorings, the demand for pyridine is also growing due to the increasing preference for packaged and convenience food products.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these companies include 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.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product Type:

  • Pyridine N-Oxide
  • Alpha Picoline
  • Gamma Picoline
  • Beta Picoline
  • 2-Methyl-5-Ethylpyridine (MEP)
  • Others

Breakup by Synthesis:

  • Chemically Synthesized Pyridine
  • Coal Tar Extracted Pyridine

Breakup by End-Use Industry:

  • Agrochemicals
  • Pharmaceuticals
  • Chemicals
  • Food
  • Others

Breakup by Application:

  • Solvent
  • Pesticides
  • Rubber
  • Medicines
  • Paints and Dyes
  • Others

Breakup by Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America

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