2,3-Dichloropyridine Market Sales, Revenue and Growth Rate Forecasts 2011-2021

Further, 2,3-Dichloropyridineis used as an intermediate for pharmaceutical drugs which has been
driving the market demand in recent years. Drugs such as Betrixaban used for prevention of
embolism after knee surgery makes use of dichloropyridrine as a raw material. Government
regulations and safety related to this organic compound offers a major challenge for the overall
industry growth. The Global harmonized system of classification (GHS) categorizes it as 2 and 2B. Its
usage as safe when used in proper quantities and with adequate safety measures but offers risk as a
skin irritant and eye irritant. This chemical is considered non-hazardous for transport through air or
sea. Vendors face a threat owing to the backward integration possibilities by the larger agro
chemical manufacturers.
Market segmentation is done on the basis of end use industries which include agrochemical
manufacturing and pharmaceuticals. Agro chemicals account for maximum segment share owing to
its high usage in pesticides and insecticides. China is a leading producer of agro chemicals and
contributes towards the majority share. Asia Pacific has been the leading market in recent years in
terms of demand and is expected to continue its increasing application in agro chemical production.
China has shown substantial production and consumption of 2,3-Dichloropyridinefor manufacturing
pesticides and insecticides. Emerging economies such as India and China are expected to witness a
significant growth on account of high investment in organic chemical manufacturing.
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Further, regional demand is followed by North America mainly on account of increasing use of
pharmaceutical. Development of new drugs has fuelled the demand in developed economy such as
the US. Europe is expected to show a steady growth over the forecast period with increasing
demand on account of pharmaceutical applications. South America and Africa is expected to witness
a stagnant growth owing to the slow growth of overall development of application industries.
Major players operating in the market are Vertellus, Lonza and Jubiliant. Companies are focusing on
research and development in order to find out new applications for 2,3-Dichloropyridine. This is
expected to diversify the application portfolio and therefore propelling the demand in near future.