Global Synthetic Pyridine Market - (By Type- Pyridine N-oxide, Alpha Picoline, Beta Picoline, Gamma Picoline, 2-Methyl-5-Ethylpyridine, Market By Application- Agrochemicals, Pharmaceuticals, Chemicals, Food ) - Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction

Pyridine is a soluble flammable liquid base and toxic with different, strong odor. It is considered as one of the parent compounds of various naturally occurring organic compounds. It is better choice as a precursor to agrochemicals and pharmaceuticals. Previously, the pyridine was manufactured from coal tar as a by-product of coal gasification. This process was very costly and inefficient as coal tar constituted only 0.1-0.2% of pyridine after extraction. Moreover, the different reactions for pyridine synthesis are Chichibabin synthesis, Bönnemann cyclization, and Cobalt-catalyzed alkyne-nitrile cyclotrimerization, etc

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Market Dynamics

The increasing demand for synthetic pyridine and its derivatives rising from the pharmaceuticals and agrochemicals applications because of multiple chemical functionalities is the major factor expected to drive the market. Pyridine derivatives are tremendously used as a starting material in manufacturing of agrochemicals, pharmaceuticals, food flavoring additives, and others, which further propel the growth of the market. Moreover, large amount of research is being conducted by companies to raise the chemical functionalities of pyridine and its derivatives so that to increase its uptake in agrochemicals such as fungicides, insecticides/acaricides, and herbicides

Market Classification and Overview

The global synthetic pyridine market is segment into type, application, and region.

On the basis of type, the market is segmented into Pyridine N-oxide, Alpha Picoline, Beta Picoline, Gamma Picoline, 2-Methyl-5-Ethylpyridine (MEP).

Based on the application, the market is segmented into Agrochemicals, Pharmaceuticals, Chemicals, Food, Others (Dyestuffs, Alcohol).

Regional Overview

Geographically, the global synthetic pyridine market is bifurcated into 4 major regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

Asia Pacific is expected to hold the major share during the forecast period 2018-2026 owing to the increasing demand for the synthetic pyridine from various pharmaceutical industries.

North America is expected to dominate the market due to the rising consumption of synthetic pyridine from various agrochemical industries. The presence of large players will simultaneously increase the demand for the pyridine which may fuel the growth of the market.

Europe is expected to witness a significant growth due to the well-developed pharmaceutical industries and government support. Additionally, LAMEA is expected to have the steady growth rate due to the lack of knowledge and less number of industrial presence.

Market Participants

The global synthetic pyridine market comprises of some of the major players such as Jubilant Life Sciences, Vertellus Specialities, Lonza Group, Resonance Specialities, Red Sun, Shandong Luba Chemical, Koei Chemical, Weifang Sunwin Chemicals

Market Segmentation

By Type

• Pyridine N-oxide
• Alpha Picoline
• Beta Picoline
• Gamma Picoline
• 2-Methyl-5-Ethylpyridine (MEP)

By Application

• Agrochemicals
• Pharmaceuticals
• Chemicals
• Food
• Others (Dyestuffs, Alcohol)

Market By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA