Pyridine Market to Witness Steady Growth in 2024: Market Size and Segmentation"

Pyridine Market Size to Fly High as Demand Continues to Increase by 2025

PORTLAND, OR, UNITED STATES, October 1, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, Pyridine Market by Type (Pyridine N-Oxide, Alpha Picoline, Beta Picoline, Gamma Picoline, and 2-Methyl-5-Ethylpyridine) and Application (Agrochemicals, Pharmaceuticals, Chemicals, Foods, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2025. The report offers an in-depth analysis of the industry by closely monitoring the market trends, key challenges & opportunities, top investment pockets, key growth strategies, and competitive landscape.

According to the report, the global pyridine market was pegged at $530 million in 2017 and is anticipated to accrue a sum of $783 million by 2025, growing at a CAGR of 4.9% from 2018 to 2025.

Growing demand for pyridine mainly from agrochemical and pharmaceutical industries and increasing use of pyridine as a denaturant in antifreeze mixtures are expected to boost the growth of the global pyridine market.

Get sample Report at: https://www.alliedmarketresearch.com/request-sample/2163

Prominent Industry Players

The leading companies in the global pyridine market include Novasyn Organics, Resonance Specialties Limited, Labex Corporation, LeeChem India Pvt. Ltd., GFS Chemicals Inc., Seidler Chemical Company, Hudson Chemicals, Prochem Inc., Innova Chemicals and Scientific Solutions, LLC., and others.

Increase in demand for pyridine and its derivatives, especially from agrochemicals and pharmaceutical industries due to their multiple chemical functionalities is driving factor of the global pyridine market. Moreover, increased use of pyridine as a denaturant in antifreeze mixtures drives the growth of the market. However, stringent government regulations on the emission of toxic gases during the production of pyridine would hamper the market growth during the forecast period. On the other hand, increase in R&D activities to reduce toxicity of pyridine would provide lucrative opportunities for the market expansion in future.

Pyridine n-oxide segment to hold the largest share through 2025

The pyridine n-oxide segment captured the highest market share of more than one-third in 2017 and would maintain its dominance through 2025. This is because pyridine n-oxide is extensively used as an oxidizing reagent in organic synthesis. However, the beta picoline segment is projected to grow at the fastest CAGR of 5.2% from 2018 to 2025, as it is extensively used in the agrochemical industry to manufacture chlorpyrifos, which is an organophosphate pesticide. The other types discussed in the study are alpha picoline, gamma picoline, and 2-methyl-5-ethylpyridine (MEP).

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2163

Chemicals segment to witness the fastest growth by 2025

The chemicals segment would witness the fastest CAGR of 5.7% through 2025. This is because pyridine is an important raw material in the chemical industry and is used as a solvent, reagent, and precursor for several chemicals. However, the agrochemicals segment held the largest share in 2017, capturing over one-third of the market share and would maintain its lion's share through 2025. This growth is attributed to the crucial role played by pyridine in the production of fungicides, insecticides/acaricides and herbicides and many more. The report also offers an in-depth analysis of various applications such as pharmaceuticals, food, among others.

LAMEA to be the fastest-growing, Asia-Pacific to generate the highest revenue through 2025

LAMEA (Latin America, Middle East, and Africa) would manifest the fastest CAGR of 6.2% during the study period, owing to the growing demand for pyridine in agrochemical and pharmaceutical industries. However, Asia-Pacific was the largest market in 2017, holding nearly 50% of the market share. It is projected to maintain its lead position during the forecast period owing to the growing demand for niacinamide in the pharmaceutical and processed food industries. The other regions analyzed in the report are Europe and North America.

Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/pyridine-market/purchase-options

Key Findings of the Pyridine Market:

Based on application, the agrochemical segment accounted for nearly two-fifths share of the global pyridine market in 2017 in terms of volume.
Based on type, the beta picoline segment accounted for nearly one-third share of the global pyridine market in 2017 in terms of value.
Based on type, the pyridine N-oxide segment is anticipated to grow with a CAGR of 5.1% during the forecast period in terms of revenue.
Asia-Pacific occupied nearly half of the share of global pyridine market in 2017 in terms of revenue.

For More Details: https://www.prnewswire.com/news-releases/pyridine-market-to-reach-783-mn-globally-by-2025-at-4-9-cagr-says-allied-market-research-842375953.html

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X