Jun 24, 2022   SOURCE: BusinessWire

Pyridine & Pyridine Derivatives Market Forecast to 2027: Increasing Adoption of Agrochemicals in Developing Countries Driving 6.7% Growth - ResearchAndMarkets.com

The "Pyridine & Pyridine Derivatives Market by Type (Epoxy, Acrylic, Silicone), End-Use Industry (Oil & Gas, and Petrochemical; Marine; Energy & Power) & Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The Pyridine & pyridine derivatives market is expected to grow from USD 701 million in 2022 to USD 940 million by 2027, at a CAGR of 6.1%, between 2022 and 2027. The Pyridine & pyridine derivatives market depends heavily on the performance of Agrochemicals, pharmaceuticals, latex, food, electronics, and other industries.

Pyridine accounted for the maximum share of the pyridine and pyridine derivatives market

The pyridine segment has been estimated to drive the market over the forecast period. Pyridine can be manufactured through two methods, the natural method and through the fusion of chemicals. It is largely used in the pharmaceutical and agrochemical industry. 50% of pyridine is used to manufacture pesticides and herbicides. It also serves as a solvent in paint and rubber production.

The pharmaceutical end-use industry to hold the largest share during the forecast period

Based on the end-use industry, the pharmaceutical industry is estimated to account for the largest proportion over the forecast period. Pyridine and its derivatives are used for medicine manufacturing to treat various diseases.

Pyridine & pyridine derivatives market is estimated to record the highest CAGR in APAC during the forecast period

APAC is the fastest-growing Pyridine & pyridine derivatives market worldwide. This is primarily due to the economic growth, followed by heavy investments across industries such as agrochemical, and pharmaceutical industries. The Asia Pacific is a promising market and is expected to be the same during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Pyridine & Its Derivatives Market

4.2 Pyridine & Its Derivatives Market in Asia-Pacific, by Type and Country

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increasing Adoption of Agrochemicals in Developing Countries

5.2.1.2 Growing Demand for Vitamin B3

5.2.2 Restraints

5.2.2.1 Restriction on Paraquat Usage in China and Some Countries in Europe

5.2.2.2 Government Regulations on Usage of Other Agrochemicals Related to Pyridine and Its Derivatives

5.2.3 Opportunities

5.2.3.1 Increasing Demand from Asia-Pacific

5.2.3.2 Rising Use of Paraquat in Countries Such as the Us, Brazil, and India

5.2.4 Challenges

5.2.4.1 Volatility in Pyridine and Beta Picoline Prices

5.2.4.2 Supply-Demand Gaps for Beta Picoline

5.3 Porter's Five Forces Analysis

6 Pyridine & Its Derivatives, by Type

7 Pyridine & Its Derivatives Market, by End-Use Industry

7.1 Introduction

7.2 Agrochemicals

7.3 Pharmaceuticals

7.4 Latexes

7.5 Food

7.6 Electronics

7.7 Others

8 Icaridin Market Overview

8.1 Picaridin/Icaridin/Saltidin

8.2 Drivers for Picaridin Demand

8.2.1 Rise in Vector-Borne Diseases

8.3 Opportunities for Picaridin Demand

8.3.1 Increase in Demand for Insect Repellent Products in Outdoor Activities

9 Pyridine & Its Derivatives Market, by Region

10 Competitive Landscape

10.1 Overview

10.2 Market Share Analysis

10.3 Revenue Analysis of Leading Players (2016-2020)

10.4 Market Evaluation Framework

10.5 Company Evaluation Matrix

10.5.1 Star

10.5.2 Emerging Leader

10.5.3 Pervasive

10.5.4 Participant

10.6 Start-Ups and Small and Medium-Sized Enterprises (Smes) Evaluation Matrix

10.7 Competitive Benchmarking

10.8 Competitive Situations and Trends

Companies Mentioned

  • Alfa Aesar (China) Chemical Co. Ltd.
  • Beijing Luckeystar Co Ltd
  • C-Chem Co., Ltd
  • Chang Chun Petrochemical Co. Ltd.
  • Chem-Impex International Inc.
  • Dow Agrosciences Ltd (Corteva Agriscience)
  • Jintan Tuntou Chemical Co., Ltd.
  • Jubilant Ingrevia Ltd.
  • Koei Chemical Co., Ltd.
  • Lasons India Pvt Ltd
  • Lonza Group Ag
  • Nanjing Red Sun Co., Ltd.
  • Novasyn Organics Pvt Ltd
  • Resonance Specialties Limited
  • Shandong Kunda Biotechnology
  • Shandong Luba Chemical Co. Ltd.
  • Taizhou Zhongrong Chemical Co., Ltd.
  • Tokyo Chemical Industry Co., Ltd.
  • Unichem Company Ltd
  • Vertellus Holdings LLC
  • Weifang Sunwin Chemicals Co., Ltd.
  • Zhejiang Junhao Chemical Co., Ltd

For more information about this report visit https://www.researchandmarkets.com/r/igh0eo