Pyridine Market: Applications in Pharmaceuticals and Agrochemicals Driver the Growth of Market in Forecast Period by 2022

Global Pyridine Market is classified based on product type, application and geography. Pyridine is a toxic colourless liquid with an unpleasant smell. It is often considered the parent compound of many naturally occurring organic compounds. It is the ideal choice as a precursor to agrochemicals and pharmaceuticals.

Pyridine was obtained from crude coal tar or is synthesized from acetaldehyde, formaldehyde and ammonia. But the process was very costly and ineffective as coal tar constituted very small amount of pyridine after extraction. Presently, pyridine and its derivatives are manufactured synthetically. The most frequently used reactions for pyridine synthesis are Chichibabin synthesis, Bonnemann cyclization, and Cobalt-catalyzed alkyne-nitrile cyclotrimerization, etc.

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Pyridine is used to dissolve other substances. It is also used to make many different products such as medicines, vitamins, food flavourings, paints, dyes, rubber products, adhesives, insecticides, and herbicides. Pyridine can also be formed from the breakdown of many natural materials in the environment.

The key factor that propels the growth of the Pyridine Market include increasing demand as pyridine is an essential raw material in the industry. Pyridine is used as a solvent in the production of dyes and rubber. In addition, it is widely used in pharmaceuticals and agrochemicals applications.

On the other hand, there are also factors that may hamper the growth of the market such as health hazards. It is highly flammable and gives off irritating or toxic fumes or gases in a fire. In addition, overexposure causes nausea, headache, nervous symptoms, and increased urinary frequency.

Pyridine Market is classified based on product typeaspyridine N-oxide, alpha picoline, beta picoline, gamma-picoline, and 2-Methyl-5-Ethylpyridine (MEP). Among the product type, pyridine N-oxide segment is expected to hold a large share of the Pyridine Industry Market.

Pyridine Market is classified on the basis of application as agrochemicals, pharmaceuticals, chemicals, food, and others. Among the applications, agrochemicals are projected to account a large share of the Pyridine Industry Market and are also expected to expand in the upcoming years. Pyridine Industry is classified based on as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

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The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and Africa region consists of GCC, South Africa and North Africa.

Some of the key players that fuel the growth of the Pyridine Industry include Jubilant Life Sciences Limited, Vertellus Specialities Inc., Lonza Group Ltd., Resonance Specialities Limited, Red Sun Group, Shandong Luba Chemical Co., Ltd., Koei Chemical Co., Ltd., and Weifang Sunwin Chemicals Co., Ltd.