Growing adoption in the pharmaceutical industry, widespread use of agrochemicals and increasing use as a denaturant, drives the United States Pyridine and Pyridine Derivatives through 2023
New Delhi, June 25, 2018: According to TechSci Research report, “United States Pyridine & Pyridine Derivatives Market, By Type (Pyridine, Beta Picoline, Alpha Picoline, Gamma Picoline and Others), By Applications (Agrochemicals, Pharmaceuticals, Latexes, Food and Others), By Company and By Geography, Forecast & Opportunities, 2023’’,United States Pyridine & Pyridine Derivatives Market is projected to post robust growth by 2023, owing to the growing adoption of Pyridine & Pyridine Derivatives in the pharmaceutical industry to produce Vitamin B3. Moreover, the widespread use of agrochemicals where pyridine is used in herbicides & insecticides coupled with the increasing use as a denaturant will drive the growth of the market during the forecast period. Based on the applications, pharmaceutical segment is expected to grow at the highest CAGR by 2023, due to huge demand of pyridine and its derivatives for the manufacture of Niacin or Vitamin B3.
Moreover, the technological advancements in the biocatalystprocesses is expected to drive the growth of the Pyridine and its derivatives market during the forecast period. Further, the widespread use of pyridine in the manufacture of polymers, dyes and latexes, will propel the demand of automotive bearings by 2023.
Based on the type, the Pyridine segment is expected to lead the market due to its versatile applications as a solvent in paints, manufacture of rubber, a denaturant in alcohol, in antifreeze mixture, as a precursor in the production of vitamins, medicines, food flavourings, dyes, adhesives, pesticidesand herbicides etc.
Jubilant Life Sciences Ltd., Vertellus Holdings LLC, Lonza Group AGLtd, KISCO Ltd., Corey Organics etc, are major companies operating in the United StatesPyridine and Pyridine Derivatives.
South Region is projected to lead the United StatesPyridine and Pyridine Derivatives by 2023, owing to rapidly increasing population in the region coupled with increasing demand for pesticides such as Symtet, Chlorpyrifos, and Diquat in the agricultural sector. Moreover, the growing demand of pyridine as a denaturant to make alcohol unfit for consumption as well as an antifreeze mixture will enable the region to maintain its dominance in the coming years.
“The United StatesPyridine and Pyridine Derivatives is likely to witness steady growth in the next five years due to the widespread use of Pyridine and its derivatives such as beta-picoline for the manufacture of agrochemicals such as Symtet, Chlorpyrifos, and Diquat which are used as pesticides and herbicides wide across United States. Moreover, the growing use of pyridine for the manufacture of Vitamins, coupled with the increasing use in food flavouring is anticipated to drive the Pyridine and Pyridine Derivativesthrough 2023.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based United States management consulting firm.
“United States Pyridine & Pyridine Derivatives Market, By Type (Pyridine, Beta Picoline, Alpha Picoline, Gamma Picoline and Others), By Applications (Agrochemicals, Pharmaceuticals, Latexes, Food and Others), By Company and By Geography, Forecast & Opportunities, 2023” has evaluated the future growth potential of United StatesPyridine and Pyridine Derivatives and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market inclinations along with indispensable drivers, challenges and opportunities in United StatesPyridine and Pyridine Derivatives.
Corporate Comm India(CCI Newswire)
