New York City, NY -- (SBWire) -- 11/07/2017 --According to a new market report published by Persistence Market Research, titled "Global Market Study on Pyridine: Increasing Demand for Synthetic Pyridine to Drive Growth During Forecast Period 2015 -2025 ", the global pyridine market is estimated to reach US$ 1,741.4 Mn by 2025 from US$ 786.4 Mn in 2015.
By region, the market in Asia Pacific has been estimated to account for 51.6% volume share of the overall pyridine market by 2015 end, followed by Europe and North America. Due to increase in usage of pyridine and its derivatives in agrochemicals and pharmaceuticals segments in Asia Pacific, the pyridine market in the region is projected to expand at a higher than average CAGR of 9.9% over 2015–2025 in terms of revenue. The U.S. pyridine market, which has been estimated to account for 89.5% revenue share of the overall market in North America by 2015 end, is expected to be driven by increasing adoption of pyridine and its derivatives in chemicals and pharmaceuticals segments.
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The pyridine market in the Middle East & Africa is estimated to register increased revenue due to a growth of pharmaceuticals and chemicals segments in the region. Europe market is anticipated to witness lower revenue growth in the coming years as compared to other regions due to the economic downturn in the region.
Asia Pacific is the most attractive region in terms of CAGR and market share in the global pyridine market. India has been estimated to account for 24.4 % of the total APAC pyridine market by 2015 end due to expected increase in domestic pyridine production by 40%. In terms of value, gamma-picoline segment is expected to experience the highest growth rate during the forecast period in the Asia Pacific market. The Middle East & Africa accounts for the smallest market share. However, it is expected to expand at a CAGR of 9.9% in terms of value over the forecast period.
Report Overview @ https://www.persistencemarketresearch.com/market-research/pyridine-market.asp
Food segment is expected to expand at the highest CAGR in terms of volume during the forecast period in the Middle East & Africa market. Pyridine manufacturers are strengthening their presence in the regulated markets of Japan, North America and Europe as well as in key emerging markets. They are also focusing on local tie-ups and out-licensing of local companies in order to strengthen their regional presence.
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Pyridine Market Is Expected to Expand US$ 1,741.4 Mn by 2025
“Global Market Study on Pyridine: Increasing Demand for Synthetic Pyridine to Drive Growth During Forecast Period 2015 -2025