Global Study on Pyridine Market, 2015 -2025
Persistence Market Research
Global Pyridine Market is Expected to Reach US$ 1,741.4 Mn by 2025: Persistence Market Research
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Global Study on Pyridine Market, 2015 -2025 Persistence Market Research Released New Market Report According to a new market report published by Persistence Market Research “Global Market Study on Pyridine: Increasing Demand for Synthetic Pyridine to Drive Growth During Forecast Period 2015 -2025 ”, the global pyridine market is estimated to reach US$ 1,741.4 Mn by 2025 from US$ 786.4 Mn in 2015.
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.
By region, the market in Asia Pacific has been estimated to account for 51.6% volume share of the overall pyridine market by 2015 end, followed by Europe and North America. Due to increase in usage of pyridine and its derivatives in agrochemicals and pharmaceuticals segments in Asia Pacific, the pyridine market in the region is projected to expand at a higher than average CAGR of 9.9% over 2015–2025 in terms of revenue. The U.S. pyridine market, which has been estimated to account for 89.5% revenue share of the overall market in North America by 2015 end, is expected to be driven by increasing adoption of pyridine and its derivatives in chemicals and pharmaceuticals segments. The pyridine market in the Middle East & Africa is estimated to register increased revenue due to a growth of pharmaceuticals and chemicals segments in the region. Europe market is anticipated to witness lower revenue growth in the coming years as compared to other regions due to the economic downturn in the region.
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Globally, pyridine N-oxide segment volume is estimated to expand at a lower than average CAGR of 7.4% over 2015–2025. Demand for 2-Methyl-5-Ethylpyridine (MEP) and gammapicoline is expected grow significantly due to increasing application of these product types in chemicals segment. Alpha picoline finds wide application as a solvent in chemicals,
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Global Study on Pyridine Market, 2015 -2025 pharmaceuticals, and food industries. The segment is projected to exhibit moderate growth over the forecast period. Key growth contributor for alpha picoline segment is 2vinylpyridine, which is used as a raw material for styrene-butadiene-2-vinylpyridine terpolymer latexes (SBV latexes). Beta picoline is used to produce Vitamin B3. In terms of value, beta picoline segment is projected to experience significant growth rate over the forecast period. This is mainly attributed to rising demand for niacin in developing regions such as APAC and Middle East & Africa.
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Asia Pacific is the most attractive region in terms of CAGR and market share in the global pyridine market. India has been estimated to account for 24.4 % of the total APAC pyridine market by 2015 end due to expected increase in domestic pyridine production by 40%. In terms of value, gamma-picoline segment is expected to experience the highest growth rate during the forecast period in the Asia Pacific market. The Middle East & Africa accounts for the smallest market share. However, it is expected to expand at a CAGR of 9.9% in terms of value over the forecast period. Food segment is expected to expand at the highest CAGR in terms of volume during the forecast period in the Middle East & Africa market. Pyridine manufacturers are strengthening their presence in the regulated markets of Japan, North America and Europe as well as in key emerging markets. They are also focusing on local tieups and out-licensing of local companies in order to strengthen their regional presence. By Product Type:
Pyridine N-oxide
Alpha Picoline
Beta Picoline
Gamma Picoline
2-Methyl-5-Ethylpyridine (MEP)
By Application:
Agrochemicals
Pharmaceuticals
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Global Study on Pyridine Market, 2015 -2025
Chemicals
Food
Others (Dyestuffs, Alcohol)
By Region:
North America
Europe
APAC
The Middle East & Africa
Latin America
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Market History: 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. 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
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Global Study on Pyridine Market, 2015 -2025 increase its uptake in agrochemicals such as fungicides, insecticides/acaricides, and herbicides. Market Taxonomy Persistence Market Research, in its report titled, “Global Market Study on Pyridine Market: Increasing Demand for Synthetic Pyridine to Drive Growth during Forecast Period 2015 -2025”, 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 of 8.7% in terms of volume in the global pyridine market during the forecast period. The region has been estimated to account for volume share of around 38.3% of the global pyridine market by 2015 end. 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 2015 and is expected to expand at a CAGR of 8.5% over 2015–2025 in terms of value. Denaturant sub-segment is expected to be the key contributor to the rapid growth of chemicals segment through 2025. The sub-segment is expected to exhibit aboveaverage CAGR of 7.4% over the forecast period in terms of value. 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 2015 and is expected to expand at a CAGR of 8.3% over 2015–2025 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.
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Global Study on Pyridine Market, 2015 -2025 About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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