Global Pyridine Market 2016-2020

Overview of the global pyridine market

Technavio’s market research analyst predicts that the global pyridine market will grow at a modest CAGR of over 7% during the forecast period. One of the biggest market segments to use pyridine is the food industry. As pyridine derivatives act as denaturants in antifreeze mixtures and are extensively used in the manufacture of agrochemicals and food additives, its augmented demand from the agrochemicals and pharmaceutical industries will enhance the prospects for market growth until the end of the forecast period. Also, with the rising demand for pyridine derivatives for use in herbicides and pesticides, the need for pyridine and its derivatives for various biocatalysis processes will increase significantly.

Other than the traditional applications, pyridine is also utilized in the electronics and semiconductor industries. In these sectors, pyridine is used like a solvent to prevent rare earth elements and xylene from gelling. It plays an important part in enhancing optical properties of graphene, which is used quite ubiquitously in mobile phones. With emerging applications and new uses for pyridine in the electronics industry, the global market for pyridine will exhibit promising growth during the next four years.

Segmentation by application and analysis of the pyridine market

• Agrochemicals
• Pharmaceuticals
• Chemical synthesis
• Food