Press release
Pyridine Market Opportunity Analysis And Industry Forecast By Type And Application | Market is anticipated to generate $783 million By growing at a CAGR of 4.9% By 2025 | Worldwide Top Key Players Are -Resonance Specialties Limited, Lonza Group Ltd., Vert
Big Market Research Insights introduced study Pyridine Market Insights, Forecast to 2025 with in-depth focused approach on qualitative research, determining product scope and elaborating industry insights and outlook to 2025. It isolates the Global Pyridine market based on the type, application, key players, and regions.
Pyridine is a colorless liquid with a boiling point of 115.2 °C and freezing point of −41.6 °C. It is miscible with water and virtually all organic solvents. It is weakly basic and forms a crystalline hydrochloride salt with hydrochloric acid. It is obtained from crude coal tar or is synthesized from formaldehyde, acetaldehyde, and ammonia. It is often used as a denaturant in antifreeze mixtures, ethyl alcohol, and fungicides; and as a dyeing agent in textiles. The global pyridine market accounted for revenue of $530 million in 2017 and is anticipated to generate $783 million in 2025, growing at a CAGR of 4.9% from 2018 to 2025.
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The global pyridine market is expected to witness several growth opportunities, owing to rise in demand for agrochemicals, pesticides, and herbicides. The demand for pyridine is anticipated to experience a boost especially in the agrochemicals application segment, owing to increase in pest concerns and rise in awareness among farmers, especially in the developing countries. Moreover, rise in demand for pyridine, specifically in pharmaceuticals, and as a denaturant in antifreeze mixtures drives the overall demand for pyridine globally.
The global pyridine market is segmented based on type, application, and region. Based on type, it is divided into pyridine N-oxide, alpha picoline, beta picoline, gamma picoline, and 2-methyl-5-ethylpyridine. The beta picoline segment is expected to register the highest CAGR during the forecast period. Based on application, it is classified into agrochemical, pharmaceutical, chemical, food, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Key Market Players Are -
The major companies profiled in the report include Jubilant Life Sciences, Resonance Specialties Limited, Lonza Group Ltd., Vertellus Specialties Inc., Red Sun Group, Shangdong Luba Chemical Co. Ltd., Koei Chemical Company Limited, Weifang Sunwin Chemical Co., Ltd., Mitsubishi Chemical Company, and Bayer AG.
The other players in the value chain (profiles not included in the report) include Novasyn Organics, Resonance Specialties Limited, Labex Corporation, LeeChem India Pvt. Ltd., GFS Chemicals Inc., Seidler Chemical Company, Hudson Chemicals, Prochem Inc., Innova Chemicals and Scientific Solutions, LLC., and others.
Key Benefits for Pyridine Market:
• This report entails a detailed quantitative analysis of the current market trends from 2018 to 2025 to identify the prevailing opportunities along with a strategic assessment of the global pyridine market.
• Market size and estimations are based on comprehensive analyses of the source type, application, and developments in the industry.
• A qualitative analysis based on innovative products and devices facilitate strategic business planning.
• The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
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Pyridine Key Market Segments:
By Type
• Pyridine N-Oxide
• Alpha Picoline
• Beta Picoline
• Gamma Picoline
• 2-Methyl-5-ethylpyridine
By Application
• Agrochemical
• Pharmaceutical
• Chemical
• Food
• Others
By Region
• North America
• Europe
• Asia-Pacific
• LAMEA
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