Pyridine Market Forecast by Key Players: Dow Chemicals, DuPont, BASF, Lonza, Vertellus, Bayer, and Mitsubishi Chemicals. Other prominent market players include Sanonda, Sinopec Qilu Petrochemical, Royal DSM, Koei Chemicals, Shandong Luba Chemical, Nippon

The global pyridine market is consolidated with focus on Asian nation. These are expected to stay as major consumers during the forecast timeframe owing to the vast consumption of herbicides and other agrochemicals in the region.

APAC is the major market share holder exceeding 50% of the total pyridine market. The growth in pesticide and herbicide consumption in the region is the key driver for market growth. Europe is likely to account a major share in the upcoming years owing to its consumption by end-users including personal, chemicals and healthcare industry.

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Pyridine Market size demand is mainly driven by growth in applications across industries, such as agrochemicals and pharmaceuticals. Its derivatives find wide applications in agrochemicals, pesticides, and herbicides industries. The product is colorless, soluble in water and other organic solvents, has a strong odor, and is toxic in nature. It is not available in large quantities through natural form and is manufactured synthetically using an efficient and economical technique from ammonia and acetaldehyde. These reactions are dealkylation of alkylated, chichibabin synthesis, bonnemann cyclization, and hantzsch synthesis. Limited arable land coupled with ever growing population will fuel pyridine market demand.

The product also finds applications in semiconductor and electronics industries. It is used as a solvent to prevent rare earth elements and xylene from gelling. The growth in applications in electronics industry should drive pyridine market size. It is also used in rubber and dyes manufacturing industry as a solvent.

The agrochemical industry uses the chemical in manufacturing herbicides and pesticides, preventing the growth of grass and weeds in farms. Currently, the global population is estimated to be 7.4 billion in 2016. Owing to the ever-growing population and with limited arable land, the consumption of product-based chemicals will increase. Additionally, efforts are carried out to increase the agricultural yield, fueling pyridine market growth. It is mainly used for cotton crops enhancing the product demand.

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The presence of many local players is expected to further drive the growth. Some of the key market players include Dow Chemicals, DuPont, BASF, Lonza, Vertellus, Bayer, and Mitsubishi Chemicals. Other prominent market players include Sanonda, Sinopec Qilu Petrochemical, Royal DSM, Koei Chemicals, Shandong Luba Chemical, Nippon Steel & Sumikin Chemical, and Jubilant Life Sciences.

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