PYRIDINE MARKET ANALYSIS

Pyridine MarketSize and Trends

 Global pyridine market was valued at US$ 1, 2605.5 Mn in 2022, exhibiting a CAGR of 9.7% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 2,642.8 Mn by 2030. Pyridine is a liquid chemical compound that appears colorless and has a nauseating odor. It has a chemical compound formula C5H5N and has a structure similar to benzene. It is miscible in most organic solvents and produced by crude coal tar or is derived from chemical products such as formaldehyde, ammonia, and acetaldehyde.

 Global Pyridine Market - Trends

An increasing number of working population

An increasing working population coupled with an improving standard of living is projected to boost the market growth of pyridine. The rapid expansion of various end-use industries across developing regions coupled with the evolving demand for products due to the influence of social media is again expected to propel the market growth of pyridine. Increasing strict regulatory framework along with the robust growth in the agriculture industry is further expected to foster market growth.