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Global Pyridine Market Trends, Analysis, Forecast, Report: By Product Type: Pyridine N-Oxide, Alpha Picoline, Beta Picoline, Gamma Picoline, 2-Methyl-5-Ethylpyridine (MEP), Others; By Application: Medicines, Rubber, Paints and Dyes, Pesticides, Solvent, Food Flavouring, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Global Pyridine Market Outlook
The global pyridine market reached a value of USD 666.44 million in 2023. The industry is further expected to grow at a CAGR of 4.5% in the forecast period of 2024-2032.
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The Asia Pacific Region Accounts for a Significant Share of the Global Market for Pyridine
The Asia Pacific region holds a significant share of the global market for pyridine. The growing market for the product in the region can be attributed to the rising demand in the countries like Bangladesh, China, Japan, India, South Korea, Vietnam, and Malaysia. The demand in the region is growing due to the favourable government regulations, rising disposable incomes, and the readily available cheap labour, among other factors. The rapidly growing pharmaceutical industry and the growing demand from the agrochemicals sector are expected to further propel the growth of the market in the Asia Pacific.
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Pyridine: Market Segmentation
Pyridine is a soluble, flammable, odour-intensive liquid base, which is naturally toxic. Pyridine has the chemical formula C5H5N and is an essential organic, heterocyclic compound. It is considered to be the parent of several organic compounds, which occur naturally. Pyridine is preferred as a precursor for agrochemicals and medicines. It is a versatile building block and a strong solvent in agrochemicals, medicines, and other industries.
Based on product type, the market can be divided as follows:
- Pyridine N-Oxide
- Alpha Picoline
- Beta Picoline
- Gamma Picoline
- 2-Methyl-5-Ethylpyridine (MEP)
- Others
The applications of pyridine include:
- Medicines
- Rubber
- Paints and Dyes
- Pesticides
- Solvent
- Food Flavouring
- Others
It finds end-uses in the following sectors:
- Pharmaceuticals
- Agrochemicals
- Food
- Chemicals
- Others
The regional markets for pyridine can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Pyridine from the Pharmaceutical and Agrochemicals Industries Bolstering the Market Growth
The rising demand for pyridine and its derivatives from the pharmaceutical and agrochemicals industries due to the product’s favourable chemical properties is anticipated to propel the market growth. In plastics, adhesives, and pharmaceutical products, pyridine is used as a solvent. Pyridine derivatives, on the other hand, are being used as a starting material for the production of agrochemicals, medicines, and food-flavouring additives, among others. Pyridine derivatives are often used as an anti-freeze mixture denaturant.
The growth of the global pyridine industry is driven by further developments in the processes of biocatalyst, increased demand for synthetic pyridines as well as the growing applications of pyridine in pesticides and herbicides. Companies are performing comprehensive research to enhance pyridine's applications in agrochemicals, including fungicides, insecticides, and herbicides. In the coming years, the market is expected to be further aided by the rising awareness of the product among farmers, catalysed by the increasing pest control activities.
Key Industry Players in the Global Pyridine Market
The report gives a detailed analysis of the following key players in the global pyridine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Vertellus Holdings LLC
- Lonza Group Ltd.
- Novasyn Organics Pvt. Ltd.
- Koei Chemical Co., Ltd.
- ProChem, Inc.
- Shangdong Luba Chemical Co. Ltd
- Resonance Specialties Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Pyridine Market Analysis
8.1 Key Industry Highlights
8.2 Global Pyridine Historical Market (2018-2023)
8.3 Global Pyridine Market Forecast (2024-2032)
8.4 Global Pyridine Market by Product Type
8.4.1 Pyridine N-Oxide
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Alpha Picoline
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)-2026)
8.4.3 Beta Picoline
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Gamma Picoline
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 2-Methyl-5-Ethylpyridine (MEP)
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Pyridine Market by Application
8.5.1 Medicines
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Rubber
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)-2026)
8.5.3 Paints and Dyes
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Pesticides
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Solvent
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Food Flavouring
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Pyridine Market by End Use
8.6.1 Pharmaceuticals
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Agrochemicals
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)-2026)
8.6.3 Food
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Chemicals
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Pyridine Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Pyridine Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Pyridine Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Pyridine Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Pyridine Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Pyridine Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code: 293331)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Vertellus Holdings LLC
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Lonza Group Ltd.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Novasyn Organics Pvt. Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Koei Chemical Co., Ltd.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 ProChem, Inc.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Shangdong Luba Chemical Co. Ltd
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certification
18.2.7 Resonance Specialties Limited
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Pyridine Market: Key Industry Highlights, 2018 and 2032
2. Global Pyridine Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Pyridine Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Pyridine Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Pyridine Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Pyridine Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Pyridine Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Pyridine Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Pyridine Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Pyridine Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Pyridine Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Pyridine Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Pyridine Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Pyridine Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Pyridine Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Pyridine Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Pyridine Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Pyridine Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Pyridine Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Major Importing Countries by Value
23. Major Exporting Countries by Value
24. North America Historical Price Trends and Forecast 2018-2032
25. Europe Historical Price Trends and Forecast 2018-2032
26. Asia Pacific Historical Price Trends and Forecast 2018-2032
27. Latin America Historical Price Trends and Forecast 2018-2032
28. Middle East and Africa Historical Price Trends and Forecast 2018-2032
29. Global Pyridine Market Structure
Key Questions Answered in the Report
In 2023, the global pyridine market attained a value of nearly USD 666.44 million.
The market is projected to grow at a CAGR of 4.5% between 2024 and 2032.
The growth of the market is driven by factors like the rising manufacturing of herbicides, pesticides, and insecticides, growing research to improve pyridine's and its derivatives’ chemical properties, rising demand from the pharmaceuticals industry, and growing agrochemicals sectors.
The growing awareness regarding the benefits of pyridine among farmers and the rising pest control activities are the key trends fuellling the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading product types in the market are pyridine n-oxide, alpha picoline, beta picoline, gamma picoline, and 2-methyl-5-ethylpyridine (MEP), among others.
Medicines, rubber, paints and dyes, pesticides, solvent, and food flavouring, among others, are the major applications of pyridine.
Pharmaceuticals, agrochemicals, food, and chemicals, among others, are the significant end uses of pyridine.
The major players in the pyridine market are Vertellus Holdings LLC, Lonza Group Ltd., Novasyn Organics Pvt. Ltd., Koei Chemical Co., Ltd., ProChem, Inc., Shangdong Luba Chemical Co. Ltd, and Resonance Specialties Limited, among others.
Analyst Review
The global pyridine market attained a value of USD 666.44 million in 2023, driven by growing demand for herbicides, pesticides, and insecticides. Aided by the increasing pest control activities, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product type, the market is segmented into pyridine n-oxide, alpha picoline, beta picoline, gamma picoline, and 2-methyl-5-ethylpyridine (MEP), among others. Based on application, the industry is divided into medicines, rubber, paints and dyes, pesticides, solvent, and food flavouring, among others. On the basis of end use, the market is categorised into pharmaceuticals, agrochemicals, food, and chemicals, among others. The major regional markets for pyridine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Vertellus Holdings LLC, Lonza Group Ltd., Novasyn Organics Pvt. Ltd., Koei Chemical Co., Ltd., ProChem, Inc., Shangdong Luba Chemical Co. Ltd, and Resonance Specialties Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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