DUBLIN--(BUSINESS WIRE )--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.
4.1 Attractive Opportunities in Pyridine & Its Derivatives Market
4.2 Pyridine & Its Derivatives Market in Asia-Pacific, by Type and Country
5.2.1.1 Increasing Adoption of Agrochemicals in Developing Countries
5.2.1.2 Growing Demand for Vitamin B3
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
5.2.3.2 Rising Use of Paraquat in Countries Such as the Us, Brazil, and India
5.2.4.1 Volatility in Pyridine and Beta Picoline Prices
5.2.4.2 Supply-Demand Gaps for Beta Picoline
6 Pyridine & Its Derivatives, by Type
7 Pyridine & Its Derivatives Market, by End-Use Industry
8.3.1 Increase in Demand for Insect Repellent Products in Outdoor Activities
9 Pyridine & Its Derivatives Market, by Region
10.3 Revenue Analysis of Leading Players (2016-2020)
10.6 Start-Ups and Small and Medium-Sized Enterprises (Smes) Evaluation Matrix
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900