According to ChemAnalyst report, “India Pyridine Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”, The India Pyridine Market is likely to grow at a CAGR of 4.61% during the forecasted period by FY2030. The end-use industries Pharmaceuticals, Agrochemical Intermediates, and Solvent are anticipated to boost the demand for Pyridine in India in the forthcoming years.
Pyridine is a colourless liquid chemical compound with an unpleasant odour. Its structure is comparable to that of benzene and its chemical formula is C5H5N. It is made from crude coal tar or is formed from chemicals like formaldehyde, ammonia, and acetaldehyde and is miscible in the majority of organic solvents. Pyridine is a useful acid because it is a powerful, basic solvent that is comparatively unreactive. It is a preferred solvent for acylation and dehydrochlorination processes is pyridine. Moreover, it serves as a solvent for polycarbonate resins, medicines, paint, rubber, and textile water repellents. In the production of substituted pyridines, piperidine, and agrochemicals, significant amounts of pyridine are used as an intermediate.
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The demand for Pyridine is fuelled by its increasing usage in agriculture due to the hike in demand for pesticides for enhancing crop growth. Pyridine’s high demand as an active component in agrochemicals is anticipated to support market expansion. It is a component of pesticide manufacturing. The need for pesticides is developing significantly because of the increased demand for crops that provide higher quality yield and the increased demand for food across the nation. Piperidine is created from pyridine, which is a commercially significant chemicals utilized in agriculture and rubber vulcanization. Piperidine is created from pyridine, which is a commercially significant chemicals utilized in agriculture and rubber vulcanization. Moreover, pyridine serves as an intermediary in the production of colors, polycarbonate resins, water repellents, and drugs like steroids, antihistamines, and sulfa-type and other antibacterial agents. The market is anticipated to be further supported by the usage of pyridine as a solvent for paint & coatings and rubber with applications in the automotive and construction industry.
The India Pyridine Market is segmented based on end-use, sales channel, and region. Based on end-use, the India Pyridine market is segregated into Pharmaceuticals, Agrochemical Intermediates, Solvent, and Others. Among these, the Agrochemical Intermediates industry is dominating the India Pyridine market with a market share of 30% in FY2022 and is anticipated to retain this position in the forecast period as well.
Based on region, the India Pyridine Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2022, North India has been dominating the market followed by West India. With greater crop cultivation practices in northern states like Punjab and Haryana, the demand for insecticides and pesticides is prominent in these states. Furthermore, places like Nagpur and Kolhapur situated in Maharashtra are also key consumers of such agrochemical compounds.
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“India Pyridine Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030” Jubilant Life Sciences and Resonance Chemical Ltd. are the primary players operating in the production of Pyridine in India. Major players operating in Global Pyridine market include Lonza Group Ltd., Koei Chemical Company Limited, Red Sun Group, Shangdong Luba Chemical Co. Ltd., Vertellus Specialities Inc. and others.
“Due to its numerous uses in Pharmaceuticals, Agrochemical Intermediates, and as a Solvent, pyridine is in high demand across India. Growing modern farming practises and agricultural output are favouring the pyridine’s potential for growth and propelling the pyridine market. Additionally, it is predicted that throughout the projection period, the market would be further influenced by growing demand for Pyridine as a chemical intermediate in the herbicide and pesticide industry, to narrow the demand-supply gap of crops across the nation. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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