The Pyridine Market is Predict to reach USD 1.1 Billion by 2031, at a CAGR of 5.0%

Pyridine Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Pyridine Market size is expected to reach $1.1 billion by 2031, rising at a market growth of 5.0% CAGR during the forecast period. In the year 2023, the market attained a volume of 248,852.8 tonnes, experiencing a growth of 20.9% (2020-2023).

The Pyridine N-Oxide segment is leading the Global Pyridine Market by Type in 2023; thereby, achieving a market value of $359.3 million by 2031. Pyridine N-oxide, with the chemical formula C5H5NO, is a versatile compound used in industrial and research settings. Due to its unique chemical properties, it serves as a valuable building block in the production of drugs and pharmaceutical intermediates. Pyridine N-oxide is also used in materials science, where it is employed in synthesising polymers and other advanced materials.

The Pharmaceuticals segment would witness a CAGR of 4.8% during (2024 - 2031). Pyridine is a key building block in synthesising pharmaceutical compounds, making it an essential component in the production of drugs and medications. The expansion of the pharmaceutical industry has been driven by several key factors, including population growth, ageing demographics, and the increasing prevalence of chronic diseases.

Full Report: https://www.kbvresearch.com/pyridine-market/

The Asia Pacific region dominated the Global Pyridine Market by Region in 2023; thereby, achieving a market value of $512.3 million by 2031. The North America region is expected to witness a CAGR of 4.7% during (2024 - 2031). Additionally, The Europe region would capture a CAGR of 4.5% during (2024 - 2031).

List of Key Companies Profiled

• Bayer AG
• Lonza Group Ltd.
• Jubilant Pharmova Limited
• Mitsubishi Chemical Holdings Corporation
• Jarchem Innovative Industries LLC (Vertellus Holdings LLC)
• Imperial Chemical Corporation
• Koei Chemical Co., Ltd.
• Shandong Luba Chemical Co., Ltd.
• Hebei Yanuo Chemical Industry Co., Ltd.
• Chang Chun Petrochemical Co., Ltd.

Pyridine Market Report Segmentation

By Type (Volume, Tonnes, USD Billion, 2020-2031)

• Pyridine N-Oxide
• Alpha Picoline
• Beta Picoline
• Gamma Picoline
• 2-Methyl-5-ethylpyridine (MEP)

By Application (Volume, Tonnes, USD Billion, 2020-2031)

• Agrochemicals
• Pharmaceuticals
• Chemicals
• Food
• Other Applications

By Geography (Volume, Tonnes, USD Billion, 2020-2031)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Pyridine Market Size, Trend Report 2031

• November-2024
• 101 Pages

LAMEA Pyridine Market Size | Forecast Analysis Report 2031

• November-2024
• 114 Pages

Europe Pyridine Market Size, Forecast Trend Report [2031]

• November-2024
• 114 Pages

Asia Pacific Pyridine Market Size | Forecast Report 2031

• November-2024
• 118 Pages