Global Pyridine market

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Global Pyridine market was valued US$ 530.60 Mn in 2019 and is anticipated to reach US$ XX Mn by 2026 at a CAGR of about XX % during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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Pyridine is a soluble, flammable liquid base with a distinct, strong odor and is toxic in nature. Pyridine is a basic heterocyclic organic compound having the chemical formula, C5H5N. It is often considered as the parent compound of several naturally occurring organic compounds. Pyridine is the preferred choice as a precursor to agrochemicals and pharmaceuticals. Initially, the synthesis of pyridine was done by extraction from coal tar and also it was obtained as a by-product of coal gasification.

Pyridine derivatives are widely used in the production of agrochemicals and food additives, and in manufacturing various herbicides, pesticides, and insecticides. The key factors that boost the growth of the global pyridine market include increase in pest control activities and surge in awareness about pyridine among farmers.

Furthermore, increase in demand of pyridine as a denaturant is anticipated to drive the market growth. However, stringent government regulations toward the use of pyridine and health hazards associated with pyridine toxicity are anticipated to restrict the growth of the market. Conversely, increase in R&D activities in reducing the toxicity of pyridine due to its beneficial usage in pharmaceuticals, chemicals, agrochemicals, and food & beverages is expected to provide lucrative opportunities in the pyridine industry.

Global Pyridine market is segmented by type, by application and by region. Pyridine market is segmented into Pyridine, Beta Picoline, Alpha Picoline, Gamma Picoline. Agrochemicals, Pharmaceuticals, Latexes, Food are application segment of Pyridine market. Geographically, market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Based on type segment, Beta picoline type of pyridine is majorly used in the pharmaceutical application, as it is used in the manufacture of vitamin B3 which is an important food additive used in nutritional food products, energy drinks, among others.

Based on application segment, new product launches in pharmaceuticals and agrochemicals segments and higher capacity utilization of pyridine are key factors expected to lend impetus to market growth. Agrochemicals segment has been estimated to account for the XX% share of the global pyridine market in 2018 and is expected to expand at a CAGR of XX% over 2018–2026 in terms of value

Asia-Pacific is the major market share holder exceeding XX% of the total pyridine market. The growth in pesticide and herbicide consumption in the region are the key driver for market growth. Europe is likely to account a XX% share in the upcoming years owing to its consumption by end-users including personal, chemicals and healthcare industry.

The objective of the report is to present a comprehensive analysis of the Global Pyridine Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report.

External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Pyridine Market dynamics, structure by analyzing the market segments and project the Global Pyridine Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Pyridine Market make the report investor’s guide.

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The Scope of Global Pyridine Market: Inquire before buying

Global Pyridine Market by Type:

• Pyridine
• Beta Picoline
• Alpha Picoline
• Gamma Picoline
Global Pyridine Market by Application:

• Agrochemicals
• Pharmaceuticals
• Latexes
• Food
Global Pyridine Market by Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player Analysed in the Global Pyridine Market Report:

• Dow Chemicals
• DuPont
• BASF
• Lonza
• Vertellus
• Bayer
• Mitsubishi Chemicals
• Sanonda
• Sinopec Qilu Petrochemical
• Royal DSM
• Koei Chemicals
• Shandong Luba Chemical
• Nippon Steel & Sumikin Chemical
• Jubilant Life Sciences
• Innova Chemicals
• Novasyn Organics
• Resonance Specialties Limited
• Labex Corporation
• LeeChem India Pvt. Ltd.
• GFS Chemicals Inc.
• Seidler Chemical Company
• Hudson Chemicals
• Prochem Inc
• Nanjing Redsun Co. Ltd
• Chang Chun Petrochemical Co. Ltd
• Weifang Sunwin Chemical Company Limited

 

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