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Pyridine Market to witness heavy growth prospects via agrochemicals applications over 2019-2024

Author : Ronak Bora | Published Date : 2019-03-20 

Global Market Insights, Inc. adds new Pyridine Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

Pyridine Market size demand is mainly driven by growth in applications across industries, such as agrochemicals and pharmaceuticals. Its derivatives find wide applications in agrochemicals, pesticides, and herbicides industries. The product is colorless, soluble in water and other organic solvents, has a strong odor, and is toxic in nature. It is not available in large quantities through natural form and is manufactured synthetically using an efficient and economical technique from ammonia and acetaldehyde. These reactions are dealkylation of alkylated, chichibabin synthesis, bonnemann cyclization, and hantzsch synthesis. Limited arable land coupled with ever growing population will fuel pyridine market demand.

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The product also finds applications in semiconductor and electronics industries. It is used as a solvent to prevent rare earth elements and xylene from gelling. The growth in applications in electronics industry should drive pyridine market size. It is also used in rubber and dyes manufacturing industry as a solvent.

The agrochemical industry uses the chemical in manufacturing herbicides and pesticides, preventing the growth of grass and weeds in farms. Currently, the global population is estimated to be 7.4 billion in 2016. Owing to the ever-growing population and with limited arable land, the consumption of product-based chemicals will increase. Additionally, efforts are carried out to increase the agricultural yield, fueling pyridine market growth. It is mainly used for cotton crops enhancing the product demand.

The product also finds applications as a low-volume additive in the food industry to give bitter flavor and this is approved by the FDA. In addition to this, it is also used as an antifreeze mixture for denaturation of alcohol. An increase in applications in the food industry will boost pyridine market growth.

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Alpha picoline, known as 2-aminopyridine, finds wide applications in pharmaceuticals for manufacturing bisacodyl, ethionamide, and nalidixic acid. In addition to this, it is also utilized in manufacturing poultry drugs. Along with this, alpha pyridine is also used in manufacturing agrochemicals. A rise in agrochemical applications will drive the pyridine market. MEP is used as a solvent in chemical reactions. It is widely used in textile agents, dyeable acrylic fibers, and vat dyes. An upsurge in applications will drive the pyridine market growth.

APAC is the major market share holder exceeding 50% of the total pyridine market. The growth in pesticide and herbicide consumption in the region is the key driver for market growth. Europe is likely to account a major share in the upcoming years owing to its consumption by end-users including personal, chemicals and healthcare industry.

The presence of many local players is expected to further drive the growth. Some of the key market players include Dow Chemicals, DuPont, BASF, Lonza, Vertellus, Bayer, and Mitsubishi Chemicals. Other prominent market players include Sanonda, Sinopec Qilu Petrochemical, Royal DSM, Koei Chemicals, Shandong Luba Chemical, Nippon Steel & Sumikin Chemical, and Jubilant Life Sciences.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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