Pyridine Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2307 | Last Updated On: Oct 27 2022 | Available Formats

> Global Pyridine Market Expected to reach a high CAGR of 5.5% by 2029: DataM Intelligence

Global Pyridine Market is segmented By Type (Pyridine N-Oxide, Alpha Picoline, Beta Picoline, Gamma Picoline, 2-Methyl-5-Ethylpyridine (MEP), Others), By End User (Agrochemicals, Pharmaceuticals, Chemicals, Food, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

The Global "Pyridine Market" is expected to grow at a high CAGR of 5.5% during the forecasting period (2022-2029).

Pyridine Market Scope

Metrics

Details

Market CAGR

5.5%

Segments Covered

By Type, By End User  and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Pyridine is a primary heterocyclic organic compound with the chemical formula C5H5N. It is structurally related to benzene, with one methine group (=CH−) replaced by a nitrogen atom. It is a highly flammable, weakly alkaline, water-soluble liquid with a distinctive, unpleasant fish-like smell. Pyridine is colorless, but older or impure samples can appear yellow. The pyridine ring occurs in many important compounds, including agrochemicals, pharmaceuticals, and vitamins. Pyridine derivatives have moderate to excellent activities against several biological targets. With changing substituents on the pyridine nucleus, the biological targets vary from microbial diseased to viral problems and various cancerous cells. Historically, pyridine was produced from coal tar or obtained as a byproduct of coal gasification. Nowadays, most pyridine is produced synthetically using various named reactions like Chichibabin Synthesis, Bonnemann Cyclization, and Dealkylation of alkyl pyridines.  Today it is synthesized on a scale of about 20,000 tonnes per year worldwide.

Market Dynamics

The growing awareness of synthetic chemistry primarily drives the global market for Pyridine, and it is considered a prerequisite to modern society. Synthetic chemistry enables the production of the desired quantities of fertilizers, and it has a significant impact on public health, where treatments for almost any disease can be developed. Pyridine is one of the vital components of encircling synthetic chemistry when it comes to varied applications. Pyridine ring is utilized in many pharmaceuticals actives and agrochemicals products, and this can be rationalized by the fact that simple pyridines readily undergo metabolism via oxidation of methylation pathways. One of the other important drivers for the Pyridine market can be seen as the safe use of pyridine as a food additive. According to as confirmed by the U.S Food and Drug Association, pyridine possesses slight risk when added in the required limited amount. However, some petitions have been listed saying cancer-causing properties while using Pyridine. Many Pyridine derivatives have various applications in the Biological field, which is further set to drive the market in the forecasted years. For instance, di-acyl hydrazine and acyl(arylsulfonyl)hydrazine possess significant antibacterial activities against gram-negative bacteria E.Coli and gram-positive bacteria S.albus as compared to started drug streptomycin sulphate.

Moreover, pyridine derivates are used as the starting raw materials of various chemically significant products. Additionally, Pyridine is used as a pesticide and fungicide, which is a substantial factor in its market growth in the coming years. Further, pyridine is seen as a denaturant in antifreeze, which is expected to open a lucrative market ahead in the forecasted years.

However, one of the major restraints that can be seen in the global market of Pyridine is the various rules and regulations imposed by various government agencies. Pyridine is harmful if inhaled, swallowed, or absorbed through the skin. Minor amounts of pyridine are released in the environment from some industrial processes. According to a study by the U.S National Institute for Occupational Safety and Health, about 43,000 Americans work in contact with pyridines, which is harmful.

COVID-19 Impact Analysis

COVID-19affected the global economy in many forms, such as supply chain distraction, directly affecting demand and production as well as financial impact. COVID-19 pandemic has highly affected the Global Hydrogenated Styrene Block Copolymers Market. Chemical industries have been moderately impacted by the outbreak of COVID-19 across the globe. Halted or slowdown in activities, movement restriction, shortage of labor as a result of measures to contain the COVID-19 outbreak have restrained the growth of the chemical industry, which, in turn, are anticipated to hamper the demand for HSBC. Furthermore, Workforces are facing the risk of infection, and governments are beginning to enact restrictions on movement and both add an unpredictable dimension to the crisis.

Segment Analysis

By Type, the Pyridine market is segmented into Pyridine N-Oxide, Alpha Picoline, Beta Picoline, Gamma Picoline, 2-Methyl-5-Ethylpyridine (MEP), and others. Alpha picoline currently holds a significant share in the pyridine market globally. One of its most extensive applications is in manufacturing vinyl pyridine latex, which is used as an intermediate in various industries like agrochemicals, pharmaceuticals, dye, and photo industries. It also finds its applications in pharmaceuticals and agrochemicals in the manufacturing of drugs such as Nalidixic acid. Beta Picoline is expected to grow at the highest CAGR in the forecasted years due to its applications in significant industrial segments. For instance, in the making of Polyimide films, in manufacturing of Vitamin B3, which has applications as animal feed and various agrochemicals as Chlorpyrifos, Haloxyfop, and Fluazifop Butyl.

By End Users, the Global Pyridine market is bifurcated into Pharmaceuticals, Agrochemicals, Chemicals, Food, and others. The pharmaceuticals segment is majorly responsible for the lucrative market for pyridine. In the pharmaceutical industry, pyridine forms the nucleus of over 7000 existing drugs. Pyridine is found to have many biological activities that make the pharmaceuticals and agrochemicals industry drive the market. For instance, pyridine epothilones exhibit cytotoxic properties against several human cancer cell lines. It has important applications, including antiviral, antimicrobial, antidiabetic, antitubercular, and many more.

Geographical Analysis

By Geography, the global Long Fiber Thermoplastics market is segmented into North America, Asia-Pacific, Europe, South America, and the Middle East and Africa.

Asia-Pacific region is set to dominate the global Pyridine market owing to the heavyweight pharmaceuticals manufacturing countries like India and China that presently serve the needs of their local markets and much of the developing world. Mergers and acquisitions of firms in these countries with global pharmaceuticals firms and other international political economy factors, such as India’s free trade agreement with the EU, are crucial in determining the Pyridine market's future potential in Asia-Pacific.

Europe and North America are set to follow next in terms of the global pyridine market. The presence of regional players and the various development techniques been brought in the current timeframe are set to boost the pyridine market in the forecasted years. Further, pyridine's extensive use as pesticides and herbicides is set to augment the market even further. Brazil is one major country propelling the pyridine market in South America through the extensive pharmaceuticals and agrochemicals manufacturing market.

Competitive Analysis

Key players adopt strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches and increasing R&D are other ways the leading players improve their market presence.

Lonza, one of the key players, announces a new Research and Development Collaborative Innovation center in Israel. This new center is set to accelerate R&D projects from across Lonza’s Pharma & Biotech segment and tap into potentially transformative biological and manufacturing capabilities.

Vertellus recently announced that its facility in Antwerp, Belgium, has completed capital and other upgrades to manufacturing Niacin for pharmaceutical use. It has completed projects to meet the guidelines necessary to be fully compliant with current Good Manufacturing Practice (cGMP), which will enable the company to broaden the market capabilities to include the pharmaceutical use of Niacin. 

Key Takeaways:

  • The global Pyridine market is primarily driven by various biological applications like anticancer, antiviral, antimicrobial, and antidiabetic. It is also used as solvents in many industries and is used as pesticides and herbicides.
  • The Pharmaceuticals and Agrochemicals industries are set to open a lucrative market for pyridine and its various derivatives in the forecasted years.
  • Asia-Pacific, Europe, and North-America regions are the primary geographical leaders of the Pyridine owing to the thriving pharmaceuticals industry and the increasing adoption of pyridine derivatives used in these industries.
  •  The global Pyridine market is led by various significant players like Jubilant Life Sciences, Lonza Chemicals, Red Sun Group, and others that specialize in developing new-generation technologies resulting in commercially important Pyridine. Substantial investments in R&D and constant technological advancements are responsible for spurring the Pyridine market from major players.

Why Purchase the Report?

  • Visualize the Global Pyridine Market's composition across each indication, in terms of Type, and End User options, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in Global Pyridine Market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the Global Pyridine Market - level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Type mapping in excel for the key Services of all major market players.
  • Extensive Technical and Safety Datasheets of major market players.

Target Audience:

  • Equipment Suppliers/ Buyers
  • Type Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Frequently Asked Questions

What is the Projected CAGR value of the Pyridine Market?

Pyridine Market is expected to grow at a CAGR of 5.5% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Pyridine Market during 2022-2029.

Which is the fastest growing region in the Pyridine Market

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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