Persistence Market Research is released new forthcoming report on title "Pyridine Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 10/21/2014 -- Pyridine is a versatile heterocyclic organic chemical solvent. Pyridine is soluble in both water as well as hydrocarbons. It is recognized by the U.S food and drug administration (FDA) as a food additives permitted for direct addition to food for human consumption. Pyridine is use widely in various applications in manufacturing industries such as pharmaceutical, textiles, adhesives, herbicides, agricultural pesticides, dyes, semiconductor industry, packaging & dispensing, fungicides laurylpyridinium chloride and cetylpyridinium chloride. It is also used as a denaturant in antifreeze materials. Pyridine is derived from organic chemical materials such as aldehydes and ketones. Commercially, pyridine is produced by chichibabin synthesis, dealkylation of alkylpyridines, and hantzsch pyridine synthesis.
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In pharmaceuticals industry, pyridine is widely used in various applications such as In-Vitro synthesis of DNA and as an ingredient of sulfa-pyridine (a medicine used against various infections such as bacterial and viral). It is also used in antihistaminic drugs, mepyramine, and tripelennamine.
Based on the various chemical properties of pyridine the global pyridine market can be broadly categorize as pyridine 1, ?-picoline 3, ?-picoline 2, niacin 27 or niacinamide 26, 2-vinylpyridine 23 piperidine 18 and others. Pyridine 1 is the most widely used pyridine derivative and grasped the highest market share in 2013. On the basis of the various end user application of the pyridine chemical, the market can be segmented in four broad categories namely pharmaceuticals, agriculture, textile and others.
The growing application of pyridine in allied industry such as pharmaceuticals, agriculture, coating and adhesive are driving the global pyridine market. Moreover the fast growth of these allied industries in the emerging market of Asia Pacific such as China and India are providing new growth opportunity for the global pyridine market.
Pyridine is highly inflammable and toxic chemical, when swallowed or inhaled directly it can seriously damage human’s eyes, skin, and kidneys. Even an acute level of pyridine inhalation or swallowing can cause giddiness, salivation, lack of coordination, vomiting, headache, and loss of appetite in human being. Moreover vapor or air mixture form of pyridine can be explosive and need complex storage and handling requirement which is acting as a challenge for over all acceptance of pyridine.
Asia Pacific is the largest market for pyridine closely followed by North America and Europe. The U.S. is the largest market of pyridine in North America attributed mainly to the increasing application of pyridine in pharmaceuticals and semiconductor industry. Brazil is the largest market of pyridine in rest of the world (RoW). Asia Pacific is the fasted growing market for pyridine fueled mainly by the increasing demand from India, China and Japan. Further with increasing manufacturing industry and rising gross domestic product (GDP) of some of the developing countries such as India and South Korea, it is expected that pyridine market in Asia Pacific will grow at healthy rate in upcoming years.
Some of the major companies operating in global pyridine market include, Mitsubishi Chemical Corporation, Sinopec Shanghai Petrochemical Company Limited, Qilu Petrochemical Company Ltd., Bayer AG, Dow Chemical Company, BASF SE, and E. I. du Pont de Nemours and Company.
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