Transparency Market Research in its new report titled, “Pyridine Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the pyridine market. The TMR report anticipates that the rise in demand for pyridine and its derivatives from pharmaceuticals and agrochemical applications owing to its multiple chemical functionalities will drive the pyridine market during the forecast period i.e, 2018-2026. Furthermore, upsurge in usage of pyridine as a denaturant for anti-freeze mixtures is propelling the growth of the pyridine market. Increase in demand for synthetic pyridine and rise in applications of pyridine in pesticides and herbicides are further augmenting the growth of the pyridine market. Additionally, recent developments in biocatalyst processes is driving the growth of the pyridine market. However, factors such as stringent governmental regulations regarding the usage of pyridine are hampering the growth of pyridine market, says the report.
The TMR report has segmented the pyridine market on the basis of product type, application and geography. In terms of product type, the pyridine market is segmented into pyridine N-oxide, alpha picoline, beta picoline, gamma picoline, 2-amino pyridine, 4-phenylpropylpyridine, bispicolylamine, nicotinic acid, pyridine, and others (2–5-Bromo-4-Methyl Pyridine, 3-Acetyl Pyridine, 2-Bromo Pyridine, etc.). Among these, the pyridine N-oxide segment accounts for the largest share of the global pyridine market. On the basis of application, the pyridine market is split into agrochemicals, pharmaceuticals, chemical synthesis, food, and others. In terms of production methods, the pyridine market can be divided into coal synthesis and chemical synthesis.
From a regional perspective, the pyridine market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounts for the leading share of the pyridine market, followed by Asia Pacific and North America. The pyridine market in Asia Pacific is expected to expand at a healthy CAGR in terms of volume during the forecast period. Some of the major players operating in the pyridine market are profiled in this report to give a better competitive analysis and these include Jubilant Life Sciences Limited, Vertellus Holdings LLC, Lonza Group AG, Nanjing Red Sun Company Limited, Resonance Specialties Limited., Shandong Luba Chemical Company Limited, Chang Chun Petrochemical Company Limited, Koei Chemical Company Limited, Mitsubishi Chemical Corporation, and Novasyn Organics Private Limited.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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