Global Pyridine Market 2016-2020

Overview of the global pyridine market

Technavio’s market research analyst predicts that the global pyridine market will grow at a modest CAGR of over 7% during the forecast period. One of the biggest market segments to use pyridine is the food industry. As pyridine derivatives act as denaturants in antifreeze mixtures and are extensively used in the manufacture of agrochemicals and food additives, its augmented demand from the agrochemicals and pharmaceutical industries will enhance the prospects for market growth until the end of the forecast period. Also, with the rising demand for pyridine derivatives for use in herbicides and pesticides, the need for pyridine and its derivatives for various biocatalysis processes will increase significantly.

Other than the traditional applications, pyridine is also utilized in the electronics and semiconductor industries. In these sectors, pyridine is used like a solvent to prevent rare earth elements and xylene from gelling. It plays an important part in enhancing optical properties of graphene, which is used quite ubiquitously in mobile phones. With emerging applications and new uses for pyridine in the electronics industry, the global market for pyridine will exhibit promising growth during the next four years.

Segmentation by application and analysis of the pyridine market

• Agrochemicals
• Pharmaceuticals
• Chemical synthesis
• Food

The agrochemicals segment is the biggest user of pyridine globally and is expected to generate revenues close to USD 799 million by the end of 2020. Since pyridine is an essential component of many agrochemicals like herbicides and insecticides, much of this segment’s growth can be attributed to the rising demand for food products globally, not just for people but also for farm animals. With a decline in arable land, pyridine and its derivatives are needed not only to increase yields but also to ensure that high-quality food products are available as per market demand.

Geographical segmentation of the pyridine market

• APAC
• Europe
• North America
• ROW

The APAC region was the largest segment of the global pyridine market with a market share of just over 55% during 2015. Factors such as the increasing demand for niacinamide in the pharmaceuticals and processed foods industries and the rising demand for agricultural chemicals will result in the strong growth of this market in APAC.

Competitive landscape and key vendors

The global pyridine market is concentrated in APAC and is witnessing rapid consolidation in countries like India and China. The prominent vendors in this market are expected to remain market leaders during the forecast period and are concentrating on out-licensing of local companies and local tie-ups to strengthen their market presence.

Key vendors in the market are -

• BASF
• Bayer
• Dow Chemical Company
• DuPont
• Mitsubishi Chemical
• Lonza
• Vertellus

Other vendors in the market include Royal DSM, Sanonda, Jubiliant Life Sciences, Koei Chemical, Nippon Steel & Sumikin Chemical, Sinopec Qilu Petrochemical, Shandong Luba Chemical, and Xinxiang Hengji Chemical.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global pyridine market?
• What are the key market trends impacting the growth of the global pyridine market?
• What are the challenges to market growth?
• Who are the key vendors in the global pyridine market?
• What are the market opportunities and threats faced by the vendors in the global pyridine market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global pyridine market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Agricultural Enzymes Market 2015-2019
• Agricultural Micronutrients Market in the US 2015-2019

Pyridine is a heterocyclic organic chemical solvent that is soluble in both water as well as hydrocarbons. It is widely used in various applications in manufacturing industries such as pharmaceutical, textiles, adhesives, herbicides, agricultural pesticides, dyes, semiconductor industry, packaging & dispensing, and fungicides. It is also used as a denaturant in antifreeze materials.

The report, global pyridine market, is part of Technavio’s chemicals and materials research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as additives, adhesives and sealants, agrochemicals and fertilizers, biochemicals and biomaterials, chemical engineering equipment, glass and ceramics, industrial gases, metals and minerals, olefins, paints, coatings, and pigments, personal protective equipment, plastics, polymers, and elastomers, and specialty chemicals. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.