[PDF] Pyridine Market: Growth, Development Factors, Application and Future Prospects

Allied Market Research published a report, titled, Pyridine Market by Type (Pyridine N-Oxide, Alpha Picoline, Beta Picoline, Gamma Picoline, and 2-Methyl-5-Ethylpyridine) and Application (Agrochemicals, Pharmaceuticals, Chemicals, Foods, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2025.

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The report offers an in-depth analysis of the industry by closely monitoring the market trends, key challenges & opportunities, top investment pockets, key growth strategies, and competitive landscape. According to the report, the global pyridine market was pegged at $530 million in 2017 and is anticipated to accrue a sum of $783 million by 2025, growing at a CAGR of 4.9% from 2018 to 2025.

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Increase in demand for pyridine and its derivatives, especially from agrochemicals and pharmaceutical industries due to their multiple chemical functionalities is driving factor of the global pyridine market. Moreover, increased use of pyridine as a denaturant in antifreeze mixtures drives the growth of the market. However, stringent government regulations on the emission of toxic gases during the production of pyridine would hamper the market growth during the forecast period. On the other hand, increase in R&D activities to reduce toxicity of pyridine would provide lucrative opportunities for the market expansion in future.

Pyridine n-oxide segment to hold the largest share through 2025

The pyridine n-oxide segment captured the highest market share of more than one-third in 2017 and would maintain its dominance through 2025. This is because pyridine n-oxide is extensively used as an oxidizing reagent in organic synthesis. However, the beta picoline segment is projected to grow at the fastest CAGR of 5.2% from 2018 to 2025, as it is extensively used in the agrochemical industry to manufacture chlorpyrifos, which is an organophosphate pesticide. The other types discussed in the study are alpha picoline, gamma picoline, and 2-methyl-5-ethylpyridine (MEP).

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Chemicals segment to witness the fastest growth by 2025

The chemicals segment would witness the fastest CAGR of 5.7% through 2025. This is because pyridine is an important raw material in the chemical industry and is used as a solvent, reagent, and precursor for several chemicals. However, the agrochemicals segment held the largest share in 2017, capturing over one-third of the market share and would maintain its lion's share through 2025. This growth is attributed to the crucial role played by pyridine in the production of fungicides, insecticides/acaricides and herbicides and many more. The report also offers an in-depth analysis of various applications such as pharmaceuticals, food, among others.

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Prominent Industry Players

The leading companies in the global pyridine market 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.

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