Global Study on Pyridine Market, 2015 -2025

<strong>Global</strong> <strong>Study</strong> on Pyridine Market, 2015 -2025
Persistence Market Research
<strong>Global</strong> Pyridine Market is Expected to Reach
US$ 1,741.4 Mn by 2025: Persistence Market
Research
Persistence Market Research 1

<strong>Global</strong> <strong>Study</strong> on Pyridine Market, 2015 -2025
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research “<strong>Global</strong> Market <strong>Study</strong> 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.
Request Sample Report: http://www.persistencemarketresearch.com/samples/3521
<strong>Global</strong>ly, 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,
Persistence Market Research 2

<strong>Global</strong> <strong>Study</strong> 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 2-
vinylpyridine, 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.
View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/pyridine-market.asp
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
Persistence Market Research 3

<strong>Global</strong> <strong>Study</strong> on Pyridine Market, 2015 -2025
Chemicals
Food
Others (Dyestuffs, Alcohol)
By Region:
North America
Europe
APAC
The Middle East & Africa
Latin America
For more Info: http://www.persistencemarketresearch.com/contact-us.asp
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
Persistence Market Research 4

<strong>Global</strong> <strong>Study</strong> 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, “<strong>Global</strong> Market <strong>Study</strong> 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.
Persistence Market Research 5

<strong>Global</strong> <strong>Study</strong> 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.
Contact Us:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
Persistence Market Research 6