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Pyridine & Pyridine Derivatives Market by Type (Pyridine, Beta Picoline, Alpha Picoline, Gamma Picoline), Application (Agrochemicals, Pharmaceuticals, Latexes, Food), Region (North America, Europe, Asia Pacific) - Global Forecast to 2021


Product Code : MNMCH00108692
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
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[Report Description]

The pyridine & pyridine derivatives market is expected to grow at a CAGR of 6.6% during forecast period
The pyridine & pyridine derivatives market is projected to reach USD 656.3 million by 2021, at a CAGR of 6.6% from 2016 to 2021. Pyridine is a colorless liquid with an unpleasant smell. Pyridine is naturally found in coal and low temperature tar, and is also found in different types of pyrogenic oil. Pyridine is obtained from coal tar and also can be synthesized from acetaldehyde, ammonia, and formaldehyde. There has been a growing demand for pyridine due to its various applications, such as agrochemicals, pharmaceuticals, latexes, food, and others. The growing use of vitamin B3 which is produced by the pyridine derivative, beta picoline is driving the pyridine market. The market is led by Chinese manufacturers focusing on expanding their production capacities. Pyridine is majorly used in the manufacture of parquat and diquat. It is also used in the manufacture of dyestuffs and textiles, while beta picoline is used to produce vitamin B3 (Niacinamide), alpha picoline is used in latex and other agrochemicals, and gamma picoline is used in 4-vinylpyridine.
Beta picoline; the leading type in the pyridine & pyridine derivatives market by value
The beta picoline type in the pyridine & pyridine derivatives market is projected to witness high growth during the forecast period. This type of pyridine is widely used for producing vitamin B3. In addition, Vitamin B3 (Niacin) is used in pharmaceutical applications such as for the treatment of skin diseases, to promote digestive functions, to lower the risk of high cholesterol, and for diabetes. It is used in cosmetics, and in skin care products. Beta picoline is used as an intermediate for different agrochemicals, such as chlorpyrifos, haloxyfop, and fluazifop butyl. It is also used in pharmaceutical intermediates.
Pharmaceuticals; the fastest-growing application in the pyridine & pyridine derivatives market
Pharmaceutical is projected to be the fastest-growing application in the pyridine & pyridine derivatives market during the forecast period. A major driver of the pharmaceutical application is the growing demand for vitamin B3 which is manufactured using the pyridine derivative, beta picoline. Pyridine is used in the manufacture of pharmaceuticals such as CNS stimulants, and local anesthetics. It is applied in the manufacture of sulfa drugs. Pyridine is the intermediate for anti-infectives (including cetylpyridinium), antihistamines (including chloropheniramine maleate). Also Gamma Picoline is used in the pharmaceutical industry for the manufacture of an anti-tuberculosis drug, Isoniazid.
Asia-Pacific is projected to be the fastest-growing market for pyridine & pyridine derivatives during the forecast period
The Asia-Pacific is projected to be the largest and the fastest-growing market for pyridine & pyridine derivatives during the forecast period, globally, due to the growing population, increasing demand for food, low farm yields, and growing pharmaceutical industry in the region. Manufacturers of pyridine & pyridine derivatives are targeting this region as it has the fastest-growing industrial sector. India, China, Japan, Thailand, and Malaysia are the major countries contributing to the growth of pyridine & pyridine derivatives market in this region. The increasing demand for pyridine & pyridine derivatives from applications such as agrochemicals, pharmaceuticals, and latexes is expected to drive the pyridine market in these countries.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.
The break-up of primary interviews is given below:
• By Company Type - Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
• By Designation - C level – 21%, Director level – 23%, and Others – 56%
• By Region - North America – 30%, Europe – 18%, Asia-Pacific– 41%, South America- 6%, and Middle East & Africa –5%
The companies profiled in the pyridine & pyridine derivatives market research report are Jubilant Life Sciences Ltd. (India), Vertellus Holdings LLC (U.S.), Lonza Group AG (Switzerland), Nanjing Redsun Co. Ltd. (China), Resonance Specialties Ltd. (India), Shandong Luba Chemical Co. Ltd. (China), Hubei Sanonda Co. Ltd. (China), Chang Chun Petrochemical Co. Ltd. (Taiwan), Koei Chemical Co. Ltd. (Japan), and C-Chem Co., Ltd. (Japan).
Research Coverage:
This research report categorizes the pyridine & pyridine derivatives market on the basis of type, application, and region. The report includes detailed information regarding the major factors influencing the growth of the pyridine & pyridine derivatives market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, mergers & acquisitions, new product developments, agreements, and recent developments associated with the market.

Reasons to Buy the Report
The report will help market leaders/new entrants in this market in the following ways:

1. This report segments the pyridine & pyridine derivatives market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.

2. The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders understand the major competitors and gain insights to enhance their positions in the business. The competitive landscape section includes expansions, acquisitions, and new product developments.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 18
1.5 PACKAGE SIZE 18
1.6 LIMITATIONS 18
1.7 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primary interviews 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP-DOWN APPROACH 25
2.3 DATA TRIANGULATION 26
2.4 ASSUMPTIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 31
4.1 SIGNIFICANT OPPORTUNITIES IN THE PYRIDINE AND ITS DERIVATIVES MARKET 31
4.2 PYRIDINE AND ITS DERIVATIVES MARKET IN ASIA-PACIFIC, BY TYPE AND COUNTRY 32
4.3 PYRIDINE AND ITS DERIVATIVES MARKET SIZE, BY COUNTRY 33
4.4 PYRIDINE AND ITS DERIVATIVES MARKET, BY TYPE 33
4.5 PYRIDINE AND ITS DERIVATIVES MARKET, BY APPLICATION 34

5 MARKET OVERVIEW 35
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 37
5.2.1 DRIVERS 37
5.2.1.1 Increasing agrochemicals consumption in emerging and highly populated countries in Asia-Pacific 37
5.2.1.2 Increasing demand for vitamin B3 38
5.2.2 RESTRAINTS 38
5.2.2.1 Restriction on paraquat usage in China and some countries in Europe 38
5.2.2.2 Government regulations on usage of other agrochemicals related to pyridine and its derivatives. 38
5.2.3 OPPORTUNITIES 38
5.2.3.1 Increasing demand from Asia-Pacific region 38
5.2.3.2 Increasing usage of paraquat in countries such as U.S., Brazil, and India 39
5.2.4 CHALLENGES 39
5.2.4.1 Volatility in pyridine and beta picoline prices 39
5.2.4.2 Supply demand gaps for beta picoline 39
5.3 PORTER’S FIVE FORCES ANALYSIS 40
5.3.1 THREAT OF SUBSTITUTES 41
5.3.2 BARGAINING POWER OF SUPPLIERS 41
5.3.3 BARGAINING POWER OF BUYERS 41
5.3.4 INTENSITY OF RIVALRY 42
5.3.5 THREAT OF NEW ENTRANTS 42
6 MACROECONOMIC OVERVIEW AND KEY TRENDS 43
6.1 MACRO ECONOMIC OVERVIEW AND KEY DRIVERS 43
6.2 AGROCHEMICALS INDUSTRY TRENDS 43
6.3 PHARMACEUTICAL INDUSTRY TRENDS, VITAMIN B3 45
7 PYRIDINE AND ITS DERIVATIVES, BY TYPE 47
7.1 INTRODUCTION 48
7.2 PYRIDINE 49
7.3 BETA PICOLINE 51
7.4 ALPHA PICOLINE 52
7.5 GAMMA PICOLINE 54
7.6 OTHERS 55

8 PYRIDINE AND ITS DERIVATIVES MARKET, BY APPLICATION 57
8.1 INTRODUCTION 58
8.2 AGROCHEMICALS 59
8.3 PHARAMACEUTICALS 60
8.4 LATEXES 62
8.5 FOOD 64
8.6 OTHERS 65
9 PYRIDINE AND ITS DERIVATIVES MARKET, BY REGION 67
9.1 INTRODUCTION 68
9.2 NORTH AMERICA 70
9.2.1 U.S. 72
9.2.2 CANADA 74
9.2.3 MEXICO 76
9.3 EUROPE 78
9.3.1 GERMANY 81
9.3.2 FRANCE 83
9.3.3 SPAIN 84
9.3.4 RUSSIA 86
9.3.5 ITALY 88
9.3.6 U.K. 90
9.3.7 REST OF EUROPE 92
9.4 ASIA-PACIFIC 94
9.4.1 CHINA 97
9.4.2 INDIA 99
9.4.3 JAPAN 101
9.4.4 THAILAND 103
9.4.5 MALAYSIA 105
9.4.6 REST OF ASIA-PACIFIC 107
9.5 SOUTH AMERICA 109
9.5.1 BRAZIL 111
9.5.2 ARGENTINA 113
9.5.3 REST OF SOUTH AMERICA 115
9.6 MIDDLE EAST & AFRICA 117
9.6.1 SOUTH AFRICA 119
9.6.2 SAUDI ARABIA 121
9.6.3 REST OF MIDDLE EAST & AFRICA 123

10 COMPETITIVE LANDSCAPE 125
10.1 DIVE ANALYSIS FOR PYRIDINE AND ITS DERIVATIVES MARKET 125
10.1.1 DYNAMIC 125
10.1.2 INNOVATORS 125
10.1.3 VANGUARDS 125
10.1.4 EMERGING 125
10.2 COMPETITIVE BENCHMARKING 127
10.2.1 PRODUCT OFFERINGS SCORECARD 127
10.2.2 BUSINESS STRATEGY SCORECARD 128
11 COMPANY PROFILES 129
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 JUBILANT LIFE SCIENCES LTD. 129
11.2 VERTELLUS HOLDINGS LLC. 133
11.3 LONZA GROUP AG 136
11.4 NANJING REDSUN CO. LTD. 139
11.5 RESONANCE SPECIALTIES LTD. 142
11.6 SHANGDONG LUBA CHEMICAL CO. LTD. 144
11.7 HUBEI SANONDA CO. LTD. 146
11.8 CHANG CHUN PETROCHEMICAL CO. LTD. 149
11.9 KOEI CHEMICAL CO. LTD. 151
11.10 C-CHEM CO., LTD. 155
11.11 OTHER KEY PLAYERS IN PYRIDINE AND ITS DERIVATIVES MARKET 157
*Details might not be captured in case of unlisted companies
12 APPENDIX 160
12.1 INSIGHTS FROM KEY INDUSTRY EXPERT 160
12.2 DISCUSSION GUIDE 161
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 164
12.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 166
12.5 AVAILABLE CUSTOMIZATIONS 167
12.6 RELATED REPORTS 167
12.7 AUTHOR DETAILS 168

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