The rising demand for synthetic pyridine from the chemical and pharmaceutical industries is expected to fuel market expansion. The high demand for pyridine as an active component in agrochemicals is likely to drive market expansion. It is used in the manufacture of insecticides. Substantial demand for pesticides is propelling market expansion due to the growing requirement for higher quality yield crops and expanding global food consumption. This is due to rising population levels. Moreover, the increased use of modern agricultural methods is likely to fuel pyridine market expansion over the forecast period. Tight laws and restrictions governing the use of pyridine are projected to stymie industry expansion. One of the key reasons limiting pyridine use is harmful composting when using it as an herbicide. Moreover, excessive pyridine usage has the potential to contaminate compost material such as hay, dung, and so on.
According to Coherent Market Insights, The global Pyridine Market is projected to surpass US$ 2,228.3 million by the end of 2028, in terms of revenue, growing at CAGR of 9.5% during the forecast period (2021 to 2028).
Top Companies in the Pyridine Industry:
1. Jubilant Life Sciences Ltd.
Jubilant Life Sciences Limited, is an integrated global pharmaceutical and life sciences company.Jubilant Life Sciences Limited is an integrated global pharmaceutical and life sciences company engaged in Pharmaceuticals, Life Science Ingredients and Other businesses including Drug Discovery & Development Solutions and India Branded Pharmaceuticals. . The Drug Discovery & Development Solutions business, provides proprietary in-house innovation & collaborative research and partnership for out-licensing through 2 world class research centers in India. The Company is well recognized as a ‘Partner of Choice’ by leading pharmaceuticals and life sciences companies globally. The company was founded in 1978, headquartered in U.P. India.
2. Lonza Group Ltd.
Lonza Group is a contract development and manufacturing organization, or CDMO. It operates under four segments: small molecules, biologics, cell & gene, and capsules & health ingredients. The company was founded in 1897, headquartered in Switzerland. In February 2021, Lonza has receives Award as one of the World's Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
3. Vertellus Specialties Inc.
Vertellus is a specialty chemicals company focused on the manufacture of ingredients used in pharmaceuticals, personal care, nutrition, agriculture, and a host of other market areas affected by trends favoring “green” technologies and chemistries. Vertellus is the #1 global producer of pyridine and picolines, specialty pyridine derivatives, DEET, castor oil derivatives and systems, and a world leader in vitamin B3 and citrate polymer additives and systems. Vertellus is headquartered in Indianapolis, Indiana. The company was founded in 1857. In Jan 31, 2022 Vertellus acquired Polyscope Polymers. In June 2021, Vertellus has agreed to acquire ESIM Chemicals' intermediates and specialties business, a leading supplier of specialised chemical products to the pharmaceutical, coatings, and fuel and lubricant industries.
4. Resonance Specialties Limited
Resonance Specialties is a chemical manufacturing company that provides pyridines, picolines, lutidines, collidines, and cyanopyridines products. Their product offerings include zinc picolinate, chromium picolinate, chromium polynicotinate, niacin, and niacinamide. The company was founded in 1989. Headquartered in Mumbai, Maharashtra.
5. Red Sun Group
ED Sun Group Corporation manufactures and distributes agricultural chemicals and intermediates. The Company produces paraquat, diquat imidacloprid, fluroxypyr, nicosulfuron, haloxyfop-r-methyl, glyphosate, and other pesticides and chemical products. The company was founded in 1989, headquartered in Cihina.
6. Shandong Luba Chemical Co., Ltd.
The company is Developer of herbicides, insecticides and other pyridine products. The company focuses on the production, research and development and sales of herbicides, pesticides and pyridine products, and its products include high-efficiency flufenox, chloroflufenox, cyhalofop-butyl and so on. The company was founded on 1997, headquartered in Shahdong, China.
7. Koei Chemical Co., Ltd.
Koei Chemical Company, Limited manufactures and sells various chemical products worldwide. Its products include ionic liquids; amines; methanol; pyridines and pyrazines; and formalin products. The company was incorporated in 1917 and is headquartered in Tokyo, Japan.
*Definition- Pyridine is a colourless liquid chemical compound with an unpleasant odour. It has the chemical formula C5H5N and a similar structure to benzene.
