Global Market Study on Pyridine: Demand for Synthetic Pyridine to Remain High in Near Future
Pyridine Market Segmented By Pyridine N-oxide, Alpha Picoline, Beta Picoline, Gamma Picoline, 2-Methyl-5-Ethylpyridine Product in Agrochemicals, Pharmaceuticals, Chemicals, Food
A newly updated research report on the pyridine market provides readers with important insights and evaluates the market landscape in detail. This pyridine industry survey by Persistence Market Research states that the market is currently valued at around US$ 1.1 Bn and is anticipated to expand 2.2X by the end of the decade. The analysis also indicates that the industry is expected to progress at a healthy CAGR of 8.2%.
Find Out More about the Report Coverage
- Jubilant Life Sciences Limited
- Vertellus Specialities Inc.
- Lonza Group Ltd.
- Resonance Specialities Limited
- Red Sun Group
- Shandong Luba Chemical Co., Ltd.
- Koei Chemical Co., Ltd.
- Weifang Sunwin Chemicals Co., Ltd.
Key Points Covered in Pyridine Industry Survey:
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, country-wise, and region-wise analysis
- Competition mapping and benchmarking
- Brand share and market share analysis
- Key product innovations and regulatory climate
- COVID-19 impact on pyridine sales and how to navigate
- Recommendation on key winning strategies
Customize this Report
Explore Intelligence Tailored to Your Business Goals.
Research to Fuel Pyridine Industry
Increasing research and developments in the healthcare and chemical sectors have led to substantial rise in the demand for many synthetic derivatives. Pyridine has gained a good amount of traction in recent years, and its derivatives are also being utilized for many applications in chemical as well as healthcare domains.
Researchers in Australia at the La Trobe University, together with collaborators at the University of Queensland, have discovered that the previously proposed mechanism for chlorination reaction might not be correct. When crystallizing PhICl2 in pyridine, a single crystal X-ray analysis showed that instead of displacing a chloride, pyridine forms a square planar complex via a halogen bonding interaction with PhICl2.
These new findings will now change the way pyridine is seen in chlorination reaction, and will also allow researchers to evaluate and test new possibilities for the agent.
Use of pyridine in the agro-industry has seen substantial increase, and its use in fungicides, insecticides/acaricides, and herbicides has also seen a major shift. In early 2020, Lier Chemical invested 440 Mn Yuan in a joint venture with Corteva Agriscience Shanghai with strategical cooperation on pyridine upstream control.
Such ventures and collaborations between various organizations and firms will boost the pyridine market scope over the coming years.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Pyridine is a toxic and soluble flammable liquid base with a distinct, strong odor. It is often considered the parent compound of several naturally occurring organic compounds. It is the preferred choice as a precursor to agrochemicals and pharmaceuticals. Initially, pyridine was extracted from coal tar or obtained as a by-product of coal gasification.
The process was very expensive and inefficient as coal tar constituted only 0.1–0.2% of pyridine after extraction. Currently, pyridine and its derivatives are produced synthetically. The most commonly used reactions for pyridine synthesis are Chichibabin synthesis, Bönnemann cyclization, and Cobalt-catalyzed alkyne-nitrile cyclotrimerization, etc.
Explore Persistence Market Research’s expertise in promulgation of the business !
Drivers and Trends
Growing demand for pyridine and its derivatives arising from pharmaceuticals and agrochemicals applications due to multiple chemical functionalities is expected to drive the market during the forecast period.
Pyridine was used only as a solvent in chemicals, adhesives, and pharmaceuticals, but pyridine derivatives are now increasingly being used as starting material in the manufacture of agrochemicals, pharmaceuticals, food-flavoring additives, etc.
Pyridine derivatives are also used as a denaturant for antifreeze mixtures. Advancement in biocatalysts processes, increase in demand for synthetic pyridine, and increasing applications of pyridine in pesticides and herbicides are some other factors driving the growth of the global pyridine market.
Extensive research is being conducted by companies to increase chemical functionalities of pyridine and its derivatives in order to increase its uptake in agrochemicals such as fungicides, insecticides/acaricides, and herbicides.
Persistence Market Research, in its report titled, “Global Market Study on Pyridine Market: Increasing Demand for Synthetic Pyridine to Drive Growth during Forecast Period 2021 -2031”, has categorized the global pyridine market into key segments based on product type, application, and region.
On the basis of product type, the market is segmented into pyridine N-oxide, alpha picoline, beta picoline, gamma-picoline, and 2-Methyl-5-Ethylpyridine (MEP).
On the basis of application, the global pyridine market is segmented into agrochemicals, pharmaceuticals, chemicals, food, and others. On the basis of region, the overall pyridine market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
Analysis by Region
Asia Pacific is expected to expand at an accelerated CAGR in terms of volume in the global pyridine market during the forecast period. The market in the Northern and Central American region market is expected to rise at a CAGR of close to 8%.
In terms of market value, Europe is expected to account for a major share of the global pyridine market during the forecast period, followed by Asia Pacific and North America.
Analysis by Application
Agrochemicals segment has been estimated to account for the largest share of the global pyridine market in 2021 and is expected to expand at a CAGR of around 8% over 2021–2031 in terms of value. Denaturant sub-segment is expected to be the key contributor to the rapid growth of chemicals segment through 2031.
New product launches in pharmaceuticals and agrochemicals segments and higher capacity utilization of pyridine derivatives are key factors expected to lend impetus to market growth.
Analysis by Product Type
Pyridine N-oxide segment has been estimated to account for the largest share of the global pyridine market in 2021 and is expected to expand at an impressive CAGR over 2021–2031 in terms of value. Beta picoline is used to produce Vitamin B3. In terms of volume, beta picoline segment is projected to expand at a moderate CAGR over the forecast period.
This is mainly attributed to rising demand for niacin in developing regions such as APAC and Middle East & Africa.
FAQs Answered in Market Study
- Which factors are guiding the demand for pyridine?
Increasing research in new categories of pyridine and its derivatives for certain therapeutic areas by various biotech companies and its utilization as an active ingredient in agrochemicals are factors driving demand.
- What was the expansion rate of the pyridine market in the past 5 years?
The global pyridine market exhibited progress at a CAGR of 7.1% from 2016 to 2020.
- In the global landscape, what amount of market share do the top 5 players hold?
Vertellus Specialties Inc., Jubilant Life Sciences Limited, Lonza Group Ltd, Red Sun Group, and Resonance Specialties Limited dominate the global market by collectively accounting for 83.4% market share.
- Currently, what is the pyridine market worth?
The pyridine industry is worth US$ 1.1 Bn in 2021.
- Which nations are at the forefront in terms of the production of pyridine?
The U.S., Germany, India, France, China, and Japan are leading the production of pyridine.
- What trends are sculpting the pyridine market outlook?
Ongoing research and effective formulation of pyridine in various pesticides and use of pyridine for the base of pharmaceuticals are some of the major trends influencing the global outlook.
- In 2031, how much revenue will the pyridine industry account for?
The market is expected to attain a worth of US$ 2.5 Bn by the end of the decade.
- How is the demand for pyridine expected to change in Japan?
The pyridine industry in Japan depicts a bright outlook with an expected CAGR of 6.5% over the next ten years.
- What do revenues from the Northern and Central American region amount to?
The Northern and Central American regions account for a market worth of US$ 155 Mn in 2021.
- How will the market fare over the next ten years?
The pyridine market is expected to progress at a stellar CAGR of 8.2% over the decade.
- Which nations are leading the demand for pyridine?
The U.S., China, Brazil, Germany, and India are majorly responsible for high demand for pyridine.
- Which country in Europe has a bright outlook?
Germany has a bright outlook for the pyridine market in the European region.