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Pyridine Market Report Scope & Overview

The Pyridine Market size was USD 745.35 million in 2022 and is expected to Reach USD 1188.01 million by 2031 and grow at a CAGR of 6% over the forecast period of 2024-2031. 

Pyridine is an aromatic organic molecule.  It has the chemical formula C5H5N. It consists of a six-membered ring with five carbon atoms and one nitrogen atom. Pyridine has a similar structure to benzene, except one of the carbon atoms has been substituted by a nitrogen atom. Pyridine is an odorous, colorless liquid.

Pyridine Market Revenue Analysis

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Agrochemicals, pharmaceuticals, food additives, and other industries all employ pyridine. Herbicide, pesticide, and insecticide production is heavily reliant on it for agricultural and pest control purposes. Additionally, pyridine is a taste enhancer in the food and beverage business as well as a denaturant in antifreeze combinations. Pyridine derivatives are also used in the pharmaceutical industry to produce medications for a range of therapeutic purposes. As a result, pyridine is used and applied widely across numerous industries and sectors.

They are useful building blocks for the synthesis of diverse chemicals, contributing to advances in a variety of sectors. But, due to its toxicity and potential risks, sufficient safety procedures should be taken when handling pyridine or its derivatives.

MARKET DYNAMICS

KEY DRIVERS

  • High demand for pyridine as a solvent in various chemical applications

Pyridine functions as an essential reagent and an organic solvent. Pyridine serves as a solvent for a range of polymers, including ABS plastic, Nylon, dyes, and pigments for printing. Profitable prospects are anticipated to arise soon as pyridine is increasingly used as a solvent in a variety of chemical applications. The market is therefore anticipated to develop shortly as pyridine is increasingly used as a solvent in numerous chemical operations.

RESTRAIN

  • Harmful effects of pyridine that hinder its market growth

Pyridine is hazardous to humans and poses health concerns via inhalation, ingestion, and skin contact. Its strong and unpleasant odor limits its use in applications requiring sensory qualities. Improper disposal of pyridine can pollute soil and water supplies, causing ecosystems to suffer. The market share of pyridine is influenced by the demand for greener and safer alternatives. Consumers who are concerned about their safety prefer products that are free of potentially dangerous ingredients. Workers exposed to potential pyridine are exposed to health risks.

OPPORTUNITY

  • Increasing regulatory acceptance of pyridine in food applications

  • Growing demand for pyridine in agriculture and pharmaceutical industries

pyridine is in high demand in both the agricultural and pharmaceutical sectors due to its varied qualities and applications. Its derivatives are employed in the production of a variety of agrochemicals. These substances protect crops from pests, diseases, and weeds, resulting in higher yields and higher quality.

Pyridine is an essential building block in the synthesis of a wide range of medicinal drugs. Researchers are looking into its derivatives as prospective anticancer medicines, looking into their interactions with cancer cells and their ability to prevent tumor growth. Pyridine-based compounds are essential in medicinal chemistry and are also employed as anti-infectives, neurological agents, and anti-inflammatory agents.

CHALLENGE

  • Growing concern over chemical hazards could negatively impact the market

  • Strict rules and regulations on proper handling and usage of pyridine

Strict regulations imposed on pyridine owing to its toxicity and environmental hazards raise compliance expenses. Standards for pyridine exposure at work are determined by regulatory organizations like the Occupational Safety and Health Administration (OSHA) in the United States. International regulatory organizations set regulations to guarantee the secure handling, storage, transportation, and disposal of items containing pyridine. It frequently needs more testing, documentation, and compliance work to meet regulatory standards. This may raise the overall price of pyridine-containing product research and development.

IMPACT OF RUSSIAN UKRAINE WAR

Pyridine experienced good market growth, with prices rising by 3% in Europe in Q1 2022. Upstream prices climbed as a result of Russia's invasion of Ukraine, while downstream prices increased as the market recovered due to increasing demand. Price increases for pyridine in the area have been ongoing due to a lack of supply and rising demand from the downstream pharmaceutical industry as an intermediary. Additionally, increasing freight charges as a result of container shortages disrupted supply networks, resulting in a supply deficit region.

IMPACT OF ONGOING RECESSION

Pyridine prices fluctuated somewhat across all markets during the third quarter of 2022. High inflationary pressures in energy prices, as well as bullish feedstock prices, have all contributed to the price increase. However, prices fell in August and September, supported by a large overflow of inexpensive imports from Asian countries. The high cost of production is a result of rising energy prices. The agricultural and dyeing industries demand is declining. The fear of a European recession has impacted demand from downstream businesses. Pyridine prices in the United States fell to USD 3400/ton FOB Louisiana in Q1 June 2023, down from USD 4200 at the end of Q1 March 2023.

KEY MARKET SEGMENTS

By Type  

  • Alpha Picoline

  • Gamma Picoline

  • 2-Methyl-5-Ethylpyridine

  • Beta Picoline

  • Pyridine N-Oxide

By Application  

  • Pharmaceutical

  • Agrochemical

  • Chemical

  • Food

Pyridine Market Segmentation Analysis

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REGIONAL ANALYSIS

Asia Pacific is the largest and fastest-growing market for pyridine. Countries like China, India, India, South Korea, and others are the growing market. The rapidly growing pharmaceutical industry, which is the major consumer of pyridine. As of FY 2019, India is one of the major global suppliers of traditional medications. The increasing demand from the agrochemical industry is also driving the growth of the market in the region. The major producers of pyridine in Europe include Vertellus, Lonza, and Jubilant Life Sciences.

Europe region is home to a large and technologically advanced chemical industry, which is a producer of pyridine. The major consumer of chemicals in the pharmaceutical and agrochemical industries is also driving the growth of the market in the region.

North America is the second-largest market for pyridine. The U.S. is a major exporter of pyridine. The region is home to a large and well-established pharmaceutical industry, and the agrochemical industry is also driving the growth of the market in the region.

Latin America and the Middle East & African region are expected to witness a substantial increase in the demand for pyridine. The booming agrochemical and pharmaceutical industries need is fueling the expansion of these sectors.

REGIONAL COVERAGE

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of the Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin American

KEY PLAYERS

Trineso, Lonza Group Ltd, Resonance Specialties Ltd, Shandong Luba Chemical Co Ltd, Weifang Sunwin Chemicals Co Ltd, Jubilant Life Sciences Ltd, Vertellus Specialties Inc, Red Sun Group, Koei Chemical Co Ltd, and other key players are mentioned in the final report.

Resonance Specialties Ltd-Company Financial Analysis

RECENT DEVELOPMENTS

Vertellus- In 2021 Vertellus agreed to acquire ESIM chemicals intermediates and specialties business, a leading supplier of specialized chemical products to the pharmaceutical, fuel, coatings, and lubricant industries.

Trinseo- In 2020 Trinseo stated that it had acquired Synthomer plc's Vinyl Pyridine Latex Business.

Pyridine Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 745.35 million
Market Size by 2031  US$ 1188.01 million
CAGR   CAGR of 6% From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Alpha Picoline, Gamma Picoline, 2-Methyl-5-Ethylpyridine, Beta Picoline, Pyridine N-Oxide)
• By Application (Pharmaceutical, Agrochemical, Chemical, Food)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Trineso, Lonza Group Ltd, Resonance Specialties Ltd, Shandong Luba Chemical Co Ltd, Weifang Sunwin Chemicals Co Ltd, Jubilant Life Sciences Ltd, Vertellus Specialties Inc, Red Sun Group, Koei Chemical Co Ltd
Key Drivers • High demand for pyridine as a solvent in various chemical applications
Market Opportunity • Increasing regulatory acceptance of pyridine in food applications
• Growing demand for pyridine in agriculture and pharmaceutical industries

 

Frequently Asked Questions

Ans. USD 1188.01 million is the projected Pyridine Market size of the market by 2031.

Ans. The CAGR of the Pyridine Market over the forecast period is 6%.

Ans. USD 745.35 million is the projected value in 2023 for Pyridine Market.

Ans. Asia Pacific is the fastest-growing region of the Pyridine Market.

Ans. 

  • Increasing regulatory acceptance of pyridine in food applications
  • Growing demand for pyridine in agriculture and pharmaceutical industries

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.3. Introduction
4.3.1 Impact on major economies
4.3.1.1 US
4.3.1.2 Canada
4.3.1.3 Germany
4.3.1.4 France
4.3.1.5 United Kingdom
4.3.1.6 China
4.3.1.7 Japan
4.3.1.8 South Korea
4.3.1.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Pyridine Market Segmentation, By Type
8.1 Alpha Picoline
8.2 Gamma Picoline
8.3 2-Methyl-5-Ethylpyridine
8.4 Beta Picoline
8.5 Pyridine N-Oxide

9. Pyridine Market Segmentation, By Application
9.1 Pharmaceutical
9.2 Agrochemical
9.3 Chemical
9.4 Food

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Pyridine Market by Country
10.2.2 North America Pyridine Market by Type
10.2.3 North America Pyridine Market by Application
10.2.4 USA
10.2.4.1 USA Pyridine Market by Type
10.2.4.2 USA Pyridine Market by Application
10.2.5 Canada
10.2.5.1 Canada Pyridine Market by Type
10.2.5.2 Canada Pyridine Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Pyridine Market by Type
10.2.6.2 Mexico Pyridine Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Pyridine Market by Country
10.3.1.2 Eastern Europe Pyridine Market by Type
10.3.1.3 Eastern Europe Pyridine Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Pyridine Market by Type
10.3.1.4.2 Poland Pyridine Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Pyridine Market by Type
10.3.1.5.2 Romania Pyridine Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Pyridine Market by Type
10.3.1.6.2 Hungary Pyridine Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Pyridine Market by Type
10.3.1.7.2 Turkey Pyridine Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Pyridine Market by Type
10.3.1.8.2 Rest of Eastern Europe Pyridine Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Pyridine Market by Country
10.3.2.2 Western Europe Pyridine Market by Type
10.3.2.3 Western Europe Pyridine Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Pyridine Market by Type
10.3.2.4.2 Germany Pyridine Market by Application
10.3.2.5 France
10.3.2.5.1 France Pyridine Market by Type
10.3.2.5.2 France Pyridine Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Pyridine Market by Type
10.3.2.6.2 UK Pyridine Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Pyridine Market by Type
10.3.2.7.2 Italy Pyridine Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Pyridine Market by Type
10.3.2.8.2 Spain Pyridine Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Pyridine Market by Type
10.3.2.9.2 Netherlands Pyridine Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Pyridine Market by Type
10.3.2.10.2 Switzerland Pyridine Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Pyridine Market by Type
10.3.2.11.2 Austria Pyridine Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Pyridine Market by Type
10.3.2.12.2 Rest of Western Europe Pyridine Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Pyridine Market by Country
10.4.2 Asia Pacific Pyridine Market by Type
10.4.3 Asia Pacific Pyridine Market by Application
10.4.4 China
10.4.4.1 China Pyridine Market by Type
10.4.4.2 China Pyridine Market by Application
10.4.5 India
10.4.5.1 India Pyridine Market by Type
10.4.5.2 India Pyridine Market by Application
10.4.6 Japan
10.4.6.1 Japan Pyridine Market by Type
10.4.6.2 Japan Pyridine Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Pyridine Market by Type
10.4.7.2 South Korea Pyridine Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Pyridine Market by Type
10.4.8.2 Vietnam Pyridine Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Pyridine Market by Type
10.4.9.2 Singapore Pyridine Market by Application
10.4.10 Australia
10.4.10.1 Australia Pyridine Market by Type
10.4.10.2 Australia Pyridine Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Pyridine Market by Type
10.4.11.2 Rest of Asia-Pacific Pyridine Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Pyridine Market by Country
10.5.1.2 Middle East Pyridine Market by Type
10.5.1.3 Middle East Pyridine Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Pyridine Market by Type
10.5.1.4.2 UAE Pyridine Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Pyridine Market by Type
10.5.1.5.2 Egypt Pyridine Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Pyridine Market by Type
10.5.1.6.2 Saudi Arabia Pyridine Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Pyridine Market by Type
10.5.1.7.2 Qatar Pyridine Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Pyridine Market by Type
10.5.1.8.2 Rest of Middle East Pyridine Market by Application
10.5.2 Africa
10.5.2.1 Africa Pyridine Market by Country
10.5.2.2 Africa Pyridine Market by Type
10.5.2.3 Africa Pyridine Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Pyridine Market by Type
10.5.2.4.2 Nigeria Pyridine Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Pyridine Market by Type
10.5.2.5.2 South Africa Pyridine Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Pyridine Market by Type
10.5.2.6.2 Rest of Africa Pyridine Market by Application
10.6 Latin America
10.6.1 Latin America Pyridine Market by Country
10.6.2 Latin America Pyridine Market by Type
10.6.3 Latin America Pyridine Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Pyridine Market by Type
10.6.4.2 Brazil Pyridine Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Pyridine Market by Type
10.6.5.2 Argentina Pyridine Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Pyridine Market by Type
10.6.6.2 Colombia Pyridine Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Pyridine Market by Type
10.6.7.2 Rest of Latin America Pyridine Market by Application

11 Company Profile
11.1 Trineso
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Resonance Specialties Ltd
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Shandong Luba Chemical Co Ltd
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Weifang Sunwin Chemicals Co Ltd
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Lonza Group Ltd
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Jubilant Life Sciences Ltd
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Vertellus Specialties Inc
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Shandong Luba Chemical Co Ltd
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Red Sun Group
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Koei Chemical Co Ltd
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View

12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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