Dublin, Feb. 05, 2025 (GLOBE NEWSWIRE) -- The "Pyridine Market Global Forecast Report by Type, Application, End Use, Countries and Company Analysis 2025-2033" report has been added to * ResearchAndMarkets.com's* offering.
From US$ 706.14 million in 2024 to US$ 1.07 billion by 2033, the global pyridine market is expected to grow at a compound annual growth rate (CAGR) of 4.83% from 2025 to 2033
The growing need for pyridine in food additives, agrochemicals, and pharmaceuticals is driving the market. The increasing demand for efficient pesticides, antibiotics, and herbicides, as well as improvements in chemical manufacturing techniques and growing industrial uses, are growth drivers.
The primary drivers of pyridine's global demand are its growing use in pharmaceuticals and as a denaturant in antifreeze mixtures. Pyridine derivatives are frequently used in the synthesis of agrochemicals, food additives, and a number of herbicides, pesticides, and insecticides. The global pyridine market is expanding due to two main factors: increased attempts to manage pests and increased farmer awareness of pyridine. Additionally, the market is anticipated to grow as a result of rising demand for pyridine as a denaturant.
However, it is anticipated that stringent government regulations pertaining to pyridine use and the health hazards associated with pyridine toxicity will limit the market's growth. However, it is expected that pyridine's beneficial uses in chemicals, agrochemicals, food and beverage, and medications would spur an increase in research and development efforts to reduce pyridine's toxicity, opening up lucrative opportunities for the pyridine industry.
*Growing chemical and pharmaceutical industry need for synthetic pyridine*
The extensive usage of synthetic pyridine in the chemical and pharmaceutical sectors is a major factor in the rising demand for this substance. Pyridine is an essential component for the production of many different substances, such as vitamins, especially vitamin B6, and insecticides and herbicides. Pyridine derivatives play a key role in the manufacturing of vital pharmaceutical products as analgesics, antiviral medicines, and anti-inflammatory treatments.
The demand for pyridine is also greatly influenced by the chemical industry's use for it as a solvent and reagent in organic synthesis. Synthetic pyridine continues to see strong demand, propelling market expansion, as the world's population rises and the need for pharmaceuticals and crop protection chemicals rises.
*Pyridine is in high demand as an active component of agrochemicals*
One of the main factors propelling the pyridine market's expansion is the rising demand for the active ingredient in agrochemicals. The formulation of numerous insecticides, fungicides, and herbicides requires pyridine and its derivatives. These agrochemical products increase agricultural output by shielding crops from diseases, weeds, and pests.
The demand for pyridine is further increased by its use as a precursor in the synthesis of chemicals like picloram and paraquat, which are extensively employed in crop protection. The market for pyridine-based agrochemicals is anticipated to continue growing due to the rising demand for food security worldwide, agricultural innovation, and the increased emphasis on sustainable farming methods.
*Pyridine's growing usage as a solvent in a range of chemical applications*
There are lucrative prospects for market expansion due to the growing usage of pyridine as a solvent in a variety of chemical applications. In reactions like the production of SOCl2 (thionyl chloride) and TsCl (p-toluenesulfonyl chloride), pyridine is frequently used as a weak basic. Pyridinium hydrochloride is created when pyridine absorbs hydrogen chloride (HCl) during these processes.
Because of this characteristic, pyridine is a useful solvent in a variety of chemical reactions, such as nucleophilic substitution reactions and chlorination. The need for pyridine as a solvent is anticipated to increase as industries continue to use it more in specialty chemicals, agrochemicals, and pharmaceuticals. This will propel the market forward and present substantial potential for suppliers and producers.
*Pyridine Market Overview by Regions*
The demand for pyridine is high in North America, Europe, and Asia-Pacific, and the market is growing globally. While North America and Europe see growth fueled by agrochemical and specialty chemical applications, Asia-Pacific leads due to its sizable chemical and pharmaceutical industries. An overview by region is as follows:
*Company Analysis: Overview, Key Persons, Recent Development & Strategies, Financial Insights*
ยท Jubilant Life Sciences Ltd.
ยท Lonza Group Ltd.
ยท Resonance Specialties Limited
ยท Shandong Luba Chemical Co., Ltd.
ยท Koei Chemical Company, Limited
ยท Nippon Steel & Sumikin Chemical Co., Ltd.
ยท Barentz International B.V.
ยท Novasyn Organics Pvt. Ltd.
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 120
Forecast Period 2024 - 2033
Estimated Market Value (USD) in 2024 $0.71 Billion
Forecasted Market Value (USD) by 2033 $1.08 Billion
Compound Annual Growth Rate 4.8%
Regions Covered Global*Key Topics Covered:*
*1. Introduction*
*2. Research Methodology*
*3. Executive Summary*
*4. Market Dynamics*
4.1 Growth Drivers
4.2 Challenges
*5. Global Pyridine Market*
*6. Market Share Analysis*
6.1 By Type
6.2 By Application
6.3 By End Use
6.4 By Countries
*7. Type*
7.1 Pyridine N-Oxide
7.2 Alpha Picoline
7.3 Beta Picoline
7.4 Gamma Picoline
7.5 2-Methyl-5-Ethylpyridine (MEP)
*8. Application*
8.1 Medicines
8.2 Rubber
8.3 Paints and Dyes
8.4 Pesticides
8.5 Solvent
8.6 Food Flavouring
8.7 Others
*9. End Use*
9.1 Pharmaceuticals
9.2 Agrochemicals
9.3 Food
9.4 Chemicals
9.5 Others
*10. Countries*
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
*11. Porter's Five Forces Analysis*
*12. SWOT Analysis*
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*Attachment*
ยท Pyridine Market
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Pyridine Market Global Forecast Report 2025: A $1.07 Billion Industry by 2033 by High Demand from North America, Europe, and Asia-Pacific
Credit: GlobeNewswire- Published 4 days ago