Market Snapshot:
Pyridine is a colorless liquid having a boiling point of 115.2 °C as well as freezing point of -41.6 °C. It is miscible with water & almost with all organic solvents. It is weakly basic & forms a crystalline hydrochloride salt with hydrochloric acid. Pyridine is obtained from crude coal tar as well as is synthesized from acetaldehyde, formaldehyde, and ammonia. It is frequently used as a denaturant in antifreeze mixtures, fungicides, ethyl alcohol, as well as a dyeing agent in textiles. Growing demand from many end user industries, as well as increasing awareness among farmers are the driving factors for the growth of global pyridine market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | The Dow Chemical Company (United States), Jubilant Life Sciences Ltd. (India), Vertellus Holdings LLC (United States), Lonza Group AG (Switzerland), Mitsubishi Chemical Company (Japan), Nanjing Redsun Co. Ltd. (China), Resonance Specialties Ltd. (India), Chang Chun Petrochemical Co. Ltd. (Taiwan), Koei Chemical Co. Ltd. (Japan) and C-Chem Co., Ltd. (Japan) |
CAGR | 4.8% |
Segment Analysis
AMA Research have segmented the market of Global Pyridine market by Type, Application and Region. On the basis of Type, Beta Picoline are dominating the market in the year 2022
On the basis of geography, the market of Pyridine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific region held largest market share in the year 2022.
Market Trend
Advancement in biocatalysts processes
Market Drivers
Growing demand from many end user industries, Growing pest control activities, Increasing awareness among farmers and High demand for pyridine as denaturant
Opportunities
Growing Opportunities from Untapped Markets and Rising R&D activities in reducing toxicity of pyridine
Restraints
- Strict government regulations
- Health hazards related with the toxicity of pyridine
In addition to the aforementioned factor, Growing demand from many end user industries
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are The Dow Chemical Company (United States), Jubilant Life Sciences Ltd. (India), Vertellus Holdings LLC (United States), Lonza Group AG (Switzerland), Mitsubishi Chemical Company (Japan), Nanjing Redsun Co. Ltd. (China), Resonance Specialties Ltd. (India), Chang Chun Petrochemical Co. Ltd. (Taiwan), Koei Chemical Co. Ltd. (Japan) and C-Chem Co., Ltd. (Japan). A lot of Japanese, Chinese, Indian, and United States players are profiled in the research study indicating a strong market dependence.