Pyridine Market Overview:
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Pyridine Market size is expected to grow at USD 747.89 Mn by 2027.
The global pyridines market has seen a potential growth over the past year and expecting huge growth during the forecast period. Pyridine is highly flammable, colorless, water-soluble liquid which is usually made from crude coal tar and from different chemicals. The primary use of pyridine is to dissolve the other substance. This chemical property can be measured as one of the driving factors. The application areas of pyridines mainly include medicines, vitamins, paint and dyes, food flavoring, adhesives, rubber product, herbicides and insecticides. The growing demand of such application has increased the demand of pyridines across the globe.
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Pyridine Market Key Players:
Market Research Future (MRFR) recognizes the following companies as the key players in the global pyridine market;
• Jubilant Life Sciences Ltd. (India)
• Vertellus Holdings LLC, (Europe)
• Lonza Group AG (Switzerland)
• Resonance Specialties Ltd. (India)
• Shangdong Luba Chemical Co. Ltd (China)
• Sanonda Group Corp (China)
• Chang Chun Petrochemical Co. Ltd (China)
• Koei Chemical Co. Ltd. (Japan)
• C-Chem Co., Ltd. (Japan)
• Weifang Sunwin Chemicals Co. Limited (China)
Pyridine Market Regional Analysis:
Asia Pacific is the most profitable region in terms of CAGR and market share in the global pyridine market. In terms of value, beta picoline derivative of pyridine is anticipated to experience the highest growth rate during the forecast period in the APAC market. The growing applications of pyridine in the pharmaceuticals and agrochemicals sectors has increased the growth of the global pyridine market. In addition, pyridine has been used as a solvent in adhesives, chemicals, intermediates, in production of end user industry such as agrochemicals, food & beverages, and others. Furthermore, rising applications of pyridine in herbicides and pesticides, predicted the growth of the global pyridine market from APAC region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
Pyridine Market Segmentation:
The global pyridine market is majorly segmented on the basis of derivatives, application, end users and region. Based on derivatives of pyridine the market is segmented into beta picoline, 2-amino pyridine, 4-phenylpropylpyridine, alpha picoline, bispicolylamine, nicotinic acid, pyridine, and others (2--5-Bromo-4-Methyl Pyridine, 3-Acetyl Pyridine, 2-Bromo Pyridine, etc.). On the other hand, based on application of pyridine the market is segmented into solvent, intermediate, corrosion inhibition, pesticides, precursor, and others (Latexes, paints, adhesives, etc.). Furthermore, based on end user the market segmented into pharmaceutical, food & beverage, agricultural, animals’ nutritional, oilfield, and others (chemical industry, textile industry, etc.), and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
Pyridine Market Table of Content to be Continue……...,
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