Pyridine Market Will Surge to USD 1022 Million by 2026
According to the report, The global Pyridine market in 2019 was approximately USD 657.8 Million. The market is expected to grow above a CAGR of 6.5 % and is anticipated to reach over USD 1022 Million by 2026.
Pyridine is an azaarene N-heterocyclic compound having a benzene core where one nitrogen atom occupies the place of CH group. Pyridine is the most basic compound among the aromatic heterocyclic series. It structure possess tetrahedral and octahedral geometries which can be recognized by infra-red spectral investigations. Pyridine is produced synthetically by Bonnemann cyckization, Chichibabin synthesis, cobalt catalyzed alkyne-nitrile cyclomerization etc. Pyridine is majorly consumed as an precursor in production of agrochemicals, pharmaceuticals, food additives and as a naturant in anti-freezing.
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The pyridine market research report delivers an acute valuation and taxonomy of the pyridine industry by practically splitting the market based on product type, application and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the pyridine industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the pyridine industry is provided for the leading economies of the world.
The pyridine market is segmented based on product type, application and region. On the basis of product type segmentation, the market is classified into Pyridine N-Oxide, Alpha Picoline, Beta Picoline, Gamma Picoline, and 2-Methyl-5-Ethylpyridine. On the basis of application segmentation, the market is bifurcated into agrochemical, pharmaceutical, chemical, food, and others.
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Some of the essential players operating in the pyridine market, but not restricted to include Specialties Inc., Jubilant Life Sciences, Resonance Specialties Limited, Weifang Sunwin Chemical Company Limited, Lonza Group Ltd., Shangdong Luba Chemical Co. Ltd., Koei Chemical Company Limited, Vertellus Red Sun Group, Bayer AG and Mitsubishi Chemical Company.
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