Global Study on Pyridine Market, 2015 -2025
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<str<strong>on</strong>g>Global</str<strong>on</strong>g> <str<strong>on</strong>g>Study</str<strong>on</strong>g> <strong>on</strong> <strong>Pyridine</strong> <strong>Market</strong>, <strong>2015</strong> -<strong>2025</strong><br />
Persistence <strong>Market</strong> Research Released New <strong>Market</strong> Report According to a new market report<br />
published by Persistence <strong>Market</strong> Research “<str<strong>on</strong>g>Global</str<strong>on</strong>g> <strong>Market</strong> <str<strong>on</strong>g>Study</str<strong>on</strong>g> <strong>on</strong> <strong>Pyridine</strong>:<br />
Increasing Demand for Synthetic <strong>Pyridine</strong> to Drive Growth During Forecast Period<br />
<strong>2015</strong> -<strong>2025</strong> ”, the global pyridine market is estimated to reach US$ 1,741.4 Mn by <strong>2025</strong><br />
from US$ 786.4 Mn in <strong>2015</strong>.<br />
<strong>Pyridine</strong> is a toxic and soluble flammable liquid base with a distinct, str<strong>on</strong>g odor. It is often<br />
c<strong>on</strong>sidered the parent compound of several naturally occurring organic compounds. It is the<br />
preferred choice as a precursor to agrochemicals and pharmaceuticals. Initially, pyridine was<br />
extracted from coal tar or obtained as a by-product of coal gasificati<strong>on</strong>. The process was<br />
very expensive and inefficient as coal tar c<strong>on</strong>stituted <strong>on</strong>ly 0.1–0.2% of pyridine after<br />
extracti<strong>on</strong>. Currently, pyridine and its derivatives are produced synthetically. The most<br />
comm<strong>on</strong>ly used reacti<strong>on</strong>s for pyridine synthesis are Chichibabin synthesis, Bönnemann<br />
cyclizati<strong>on</strong>, and Cobalt-catalyzed alkyne-nitrile cyclotrimerizati<strong>on</strong>, etc.<br />
By regi<strong>on</strong>, the market in Asia Pacific has been estimated to account for 51.6% volume share<br />
of the overall pyridine market by <strong>2015</strong> end, followed by Europe and North America. Due to<br />
increase in usage of pyridine and its derivatives in agrochemicals and pharmaceuticals<br />
segments in Asia Pacific, the pyridine market in the regi<strong>on</strong> is projected to expand at a higher<br />
than average CAGR of 9.9% over <strong>2015</strong>–<strong>2025</strong> in terms of revenue. The U.S. pyridine market,<br />
which has been estimated to account for 89.5% revenue share of the overall market in North<br />
America by <strong>2015</strong> end, is expected to be driven by increasing adopti<strong>on</strong> of pyridine and its<br />
derivatives in chemicals and pharmaceuticals segments. The pyridine market in the Middle<br />
East & Africa is estimated to register increased revenue due to a growth of pharmaceuticals<br />
and chemicals segments in the regi<strong>on</strong>. Europe market is anticipated to witness lower<br />
revenue growth in the coming years as compared to other regi<strong>on</strong>s due to the ec<strong>on</strong>omic<br />
downturn in the regi<strong>on</strong>.<br />
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<str<strong>on</strong>g>Global</str<strong>on</strong>g>ly, pyridine N-oxide segment volume is estimated to expand at a lower than average<br />
CAGR of 7.4% over <strong>2015</strong>–<strong>2025</strong>. Demand for 2-Methyl-5-Ethylpyridine (MEP) and gammapicoline<br />
is expected grow significantly due to increasing applicati<strong>on</strong> of these product types in<br />
chemicals segment. Alpha picoline finds wide applicati<strong>on</strong> as a solvent in chemicals,<br />
Persistence <strong>Market</strong> Research 2
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