Pyridine & Pyridine Derivatives Market - Forecast(2025 - 2031)

Report Code: CMR 44988 Report Format: PDF + Excel

Pyridine & Pyridine Derivatives Market Overview

Pyridine & Pyridine Derivatives Market Size is forecast to reach $ 1442.2 Million by 2030, at a CAGR of 6.60% during forecast period 2024-2030. Pyridine is a basic heterocyclic organic compound. Whereas, Pyridine & Pyridine Derivatives are defined by the presence of a six-membered heterocyclic ring consisting of five carbon atoms and one nitrogen atom. The growing uses of Pyridine & Pyridine Derivatives as a value-added intermediate for the manufacture of active ingredients in the pharmaceutical, agricultural, and nutritional industries as well as for corrosion inhibition in the oilfield is driving the growth of Pyridine & Pyridine Derivatives Market size over the study period. Besides, the surging uses of pyridine to produce pesticides and herbicides is also contributing to the growth of Pyridine & Pyridine Derivatives Market share worldwide during the forecast period.
 
Report Coverage
 
The report: “Global Pyridine & Pyridine Derivatives Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global Pyridine & Pyridine Derivatives Industry. 
 
By Type: Pyridine, β-Picoline, α-Picoline, γ-Picoline, 2-methyl-5ethylpyridine (MEP), Lutidines, and Others
 
By Application: Agrochemicals (Herbicides, Insecticide, Fungicide, and Others), Pharmaceuticals (CNS stimulants, Local anesthetics, Anti-tuberculosis Drug, and Others), Food, Chemical, Paint and Coating, Rubber, Denaturant, and Others
 
By Geography: North America, South America, Europe, APAC, and RoW
 
Key Takeaways
  • In North America region, in 2023, the USA and Canada are the major market for the Pyridine & Pyridine Derivatives owing to developing healthcare industry across the nations. 
  • Nuclear magnetic resonance use for the analysis of pyridine derivatives
  • The due to stringent regulations and restriction on paraquat usage in European countries are hindering the growth of global market.
  • The outbreak of COVID-19 is also hampering the growth of this market globally.
  • In China, increased niacinamide production drives the market growth. Whereas, China ban the use of paraquat by 2020 will further impact on the market growth during the forecast period. 
 
Type - Segment Analysis
 
The β-Picoline segment is projected to witness the highest CAGR of around 9% in the Pyridine & Pyridine Derivatives market during the forecast period due to widely used for producing vitamin B3. Vitamin B3 is widely used in various pharmaceutical applications like for diabetes, for the treatment of skin diseases, to lower the risk of high cholesterol, and to promote digestive functions. Moreover, vitamin B3 is also used in cosmetics and skincare products. Due to this wide use of β-Picoline in the pharmaceutical and beauty care sector drives the growth of this market. Additionally, in agrochemical industry β-Picoline is used as an intermediate for chlorpyrifos, haloxyfop, and fluazifop butyl. 
 
Application - Segment Analysis
 
The pharmaceutical segment is projected to witness the highest CAGR of 8% in the Pyridine & Pyridine Derivatives Market during the forecast period owing to the surging demand for vitamin B3 that is produced by using the pyridine derivative like β-Picoline. Pyridine and pyridine derivatives are used for the manufacture of pharmaceuticals like CNS stimulants and local anesthetics. Whereas, in the pharmaceutical industry, the γ-Picoline pyridine is used for the manufacture of an anti-tuberculosis drug and Isoniazid.
 
Geography - Segment Analysis
 
Among the regions, the APAC region held the largest share of more than 35% in 2023 and is projected to witness the highest CAGR of around 8% in the global Pyridine & Pyridine Derivatives market followed by North America and Europe during the forecast period. This growth is attributed to the rising population, surging demand food, and the growing pharmaceutical industry across the region. Additionally, the fastest-growing industrial sector is also contributing to the growth of this market in the APAC region. Moreover, China, Japan, India, Thailand, and Malaysia are the major countries that are driving the growth of pyridine & pyridine derivatives market in the APAC region.
 
Drivers – Pyridine & Pyridine Derivatives Market
 
Growing agrochemical industry
 
The global rise in population coupled with increasing demand for food products to attain domestic self-sufficiency is driving the growth of the agrochemical industry. The growth of the agrochemical industry further propels the growth of this market. Furthermore, the trend of using pyridine & pyridine derivatives like beta and alpha across various agrochemicals mainly as pesticides and insecticide is driving the market growth. Moreover, the usage of pyridine in agrochemicals can be treated as a risk-hedging technique and considered as a safe investment which has led to increased sales of fertilizers and pesticides. Besides, rising consumer demand for sustainable food and growing imperative to protect against crop losses and increase yields further drives the growth of agrochemical sector. Besides, the Kiwa Bio-Tech Products Gr (KWBT) has disrupted China agrochemicals market by developing a new fertilizer processing technology, in collaboration with Environmental Group of the Harbin University of Technology, the Institute of Bio-Agriculture of Shaanxi Academy of Sciences, and the Research Centre of Ultrasound Technology of the Harbin University of Technology. This growth in agrichemical sector will propel the growth of this market during the forecast period. As pyridine and pyridine derivatives are playing a crucial role as agrochemicals or pesticides including fungicides, insecticides/acaricides and herbicides.
 
Challenges – Pyridine & Pyridine Derivatives Market
 
Fluctuating raw material prices
 
There are various internal and external factors responsible for the fluctuation of the raw materials such as geopolitical issues between countries, global trade war, foreign exchange movements, employability, labor cost, and growing population. For instance, in 2023, the trade war between the US and China has a major impact on the manufacturers, suppliers, and distributors of chemical products. Furthermore, due to the COVID-19 impact, various manufacturing sectors has shut down their operations owing to lack of workforce, disruption of supply chain networks globally, and lack of availability of raw material acts as a challenging factor for the growth of this market during the forecast period. For instance, in March 2024, Brazil’s pesticide and herbicides industry facing various challenges due to the pesticide supply disruption from China.
 
Market Landscape
 
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Pyridine & Pyridine Derivatives market report. In 2019, the market of Pyridine & Pyridine Derivatives top 10 companies accounting for xx% of the share. Major players in the Pyridine & Pyridine Derivatives Market outlook are Resonance Specialties Ltd., Shandong Luba Chemical Co. Ltd., Hubei Sanonda Co. Ltd., Jubilant Life Sciences Ltd., Vertellus Holdings LLC., Lonza Group AG, Nanjing Redsun Co. Ltd., Chang Chun Petrochemical Co. Ltd., Koei Chemical Co. Ltd., and C-Chem Co., Ltd., among others. 
 
Acquisitions/Technology Launches
  • In January 2023, Chinese company Nanjing Red Sun acquired a 60% stake in Argentine agrochemical and seed distribution company Ruralco.
  • In July 6 2020, Lonza Group AG completes acquisition of Capsugel to create leading integrated solutions provider to the global pharma and consumer healthcare and nutrition industries.

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1. Pyridine & Pyridine Derivatives Market - Market Overview
    1.1 Definitions and Scope
2. Pyridine & Pyridine Derivatives Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Pyridine & Pyridine Derivatives Market - Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Pyridine & Pyridine Derivatives Market - Startup companies Scenario Premium 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Pyridine & Pyridine Derivatives Market – Industry Market Entry Scenario Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Pyridine & Pyridine Derivatives Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters Five Force Model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of buyers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Pyridine & Pyridine Derivatives Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Pyridine & Pyridine Derivatives Market– By Type (Market Size -$Million)
    8.1 Pyridine
    8.2 β-Picoline
    8.3 α-Picoline
    8.4 γ-Picoline
    8.5 2-methyl-5ethylpyridine (MEP)
    8.6 Lutidines
    8.7 Others
9. Pyridine & Pyridine Derivatives Market– By Application (Market Size -$Million)
    9.1 Agrochemicals
        9.1.1 Herbicides
        9.1.2 Insecticide
        9.1.3 Fungicide
        9.1.4 Others
    9.2 Pharmaceuticals
        9.2.1CNS stimulants
        9.2.2Local anesthetics
        9.2.3Anti-tuberculosis drug 
        9.2.4Others
    9.3 Food
    9.4 Chemical
    9.5 Paint and Coating
    9.6 Rubber
    9.7 Denaturant
    9.8 Others
10. Pyridine & Pyridine Derivatives Market- By Geography (Market Size -$Million)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Spain
        10.3.6 Netherlands
        10.3.7 Russia
        10.3.8 Rest of Europe
    10.4 Asia-Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Japan
        10.4.4 Australia & New Zealand (ANZ)
        10.4.5 South Korea
        10.4.6 Rest of Asia-Pacific
    10.5 ROW
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of South Africa
11. Pyridine & Pyridine Derivatives Market- Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis (Premium)
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Pyridine & Pyridine Derivatives Market- List of Key Companies by Country 
14. Pyridine & Pyridine Derivatives Market- Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
 

LIST OF TABLES

1.Global Pyridine & Its Derivatives By Type Market 2023-2030 ($M)
1.1 Pyridine Market 2023-2030 ($M) - Global Industry Research
1.2 Beta Picoline Market 2023-2030 ($M) - Global Industry Research
1.3 Alpha Picoline Market 2023-2030 ($M) - Global Industry Research
1.4 Gamma Picoline Market 2023-2030 ($M) - Global Industry Research
2.Global Pyridine & Its Derivatives By Type Market 2023-2030 (Volume/Units)
2.1 Pyridine Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Beta Picoline Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 Alpha Picoline Market 2023-2030 (Volume/Units) - Global Industry Research
2.4 Gamma Picoline Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Pyridine & Its Derivatives By Type Market 2023-2030 ($M)
3.1 Pyridine Market 2023-2030 ($M) - Regional Industry Research
3.2 Beta Picoline Market 2023-2030 ($M) - Regional Industry Research
3.3 Alpha Picoline Market 2023-2030 ($M) - Regional Industry Research
3.4 Gamma Picoline Market 2023-2030 ($M) - Regional Industry Research
4.South America Pyridine & Its Derivatives By Type Market 2023-2030 ($M)
4.1 Pyridine Market 2023-2030 ($M) - Regional Industry Research
4.2 Beta Picoline Market 2023-2030 ($M) - Regional Industry Research
4.3 Alpha Picoline Market 2023-2030 ($M) - Regional Industry Research
4.4 Gamma Picoline Market 2023-2030 ($M) - Regional Industry Research
5.Europe Pyridine & Its Derivatives By Type Market 2023-2030 ($M)
5.1 Pyridine Market 2023-2030 ($M) - Regional Industry Research
5.2 Beta Picoline Market 2023-2030 ($M) - Regional Industry Research
5.3 Alpha Picoline Market 2023-2030 ($M) - Regional Industry Research
5.4 Gamma Picoline Market 2023-2030 ($M) - Regional Industry Research
6.APAC Pyridine & Its Derivatives By Type Market 2023-2030 ($M)
6.1 Pyridine Market 2023-2030 ($M) - Regional Industry Research
6.2 Beta Picoline Market 2023-2030 ($M) - Regional Industry Research
6.3 Alpha Picoline Market 2023-2030 ($M) - Regional Industry Research
6.4 Gamma Picoline Market 2023-2030 ($M) - Regional Industry Research
7.MENA Pyridine & Its Derivatives By Type Market 2023-2030 ($M)
7.1 Pyridine Market 2023-2030 ($M) - Regional Industry Research
7.2 Beta Picoline Market 2023-2030 ($M) - Regional Industry Research
7.3 Alpha Picoline Market 2023-2030 ($M) - Regional Industry Research
7.4 Gamma Picoline Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
2.Canada Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
3.Mexico Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
4.Brazil Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
5.Argentina Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
6.Peru Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
7.Colombia Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
8.Chile Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
9.Rest of South America Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
10.UK Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
11.Germany Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
12.France Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
13.Italy Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
14.Spain Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
15.Rest of Europe Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
16.China Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
17.India Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
18.Japan Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
19.South Korea Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
20.South Africa Pyridine & Pyridine Derivatives Market Revenue, 2023-2030 ($M)
21.North America Pyridine & Pyridine Derivatives By Application
22.South America Pyridine & Pyridine Derivatives By Application
23.Europe Pyridine & Pyridine Derivatives By Application
24.APAC Pyridine & Pyridine Derivatives By Application
25.MENA Pyridine & Pyridine Derivatives By Application
26.Jubilant Life Sciences Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Vertellus Holdings LLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Lonza Group AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Nanjing Redsun Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Resonance Specialties Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Shangdong Luba Chemical Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Hubei Sanonda Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Chang Chun Petrochemical Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Koei Chemical Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)