DUBLIN–(BUSINESS WIRE)–The “Piperidine Market by Type (99% Purity and 98% Purity), End Use Industry (Pharmaceutical, Agrochemicals, Rubber, and Others), Region (Asia Pacific, Europe, North America, Middle East & Africa and South America) – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The market size for global piperidine market is projected to grow from USD 64 million in 2022 to USD 86 million by 2027, at a CAGR of 5.9% from 2022 to 2027.
The growth of the piperidine market is attributed to its high demand as solvents, base and catalyst in pharmaceutical, agrochemical and other industries.
99% purity segment to be the largest type of piperidine
Piperidine with 99% purity and above is the purest form of piperidine available. The pharmaceutical end-use industry is boosting the demand for piperidine with 99% purity. Some piperidine derivatives, namely, N-Methyl, N-Benzyl piperidone derivatives, are extremely useful and versatile API intermediates in organic synthesis.
Agrochemicals to be the second-largest segment during the forecast period
Agrochemicals refer to the chemical products used in the agriculture field. They are comprised of pesticides, fertilizers, and other plant-growth hormones used in agriculture. The demand for agrochemical products is driven by the increasing global population and requirements to fulfill the increasing demand for food from limited croplands available.
Asia Pacific to be the largest market for piperidine
Emerging economies in the region are expected to experience significant demand for piperidine because of the growing pharmaceutical and agrochemical industries. In addition to this, the growing population in these countries represents a strong customer base.
According to the World Bank, Asia Pacific is the world’s fastest-growing region in terms of population and economic growth. Factors such as the ready availability of raw materials and workforce, along with sophisticated technologies and innovations, have driven the economy in the Asia Pacific.
Market Dynamics
Drivers
- Increasing Demand from Pharmaceutical Industry
- Increasing Agrochemicals Consumption in Emerging and Highly Populated Countries
Restraints
- Rising Raw Material Prices
Opportunities
- Emergence of Piperidine and Its Derivatives as Antimetastatic and Antiproliferation Drug
Challenges
- Health Risks Associated with Piperidine
Companies Mentioned
- A.R. Life Science Pvt. Ltd.
- Alfa Aesar
- Allchem Lifescience Pvt. Ltd.
- Ami Organic Limited
- Avantor Inc.
- Basf Se
- Corey Organics
- J&K Scientific
- Jubilant Ingrevia Limited
- Koei Chemical Co. Ltd.
- Lanxess
- Merck KGaA
- Muby Chemicals
- Otto Chemie Pvt. Ltd.
- Penta S.R.O
- Robinson Brothers Limited
- Sichuan Hengkang Science and Technology Development Co., Ltd.
- Simson Pharma
- Taj Pharmaceuticals Ltd.
- Toronto Research Chemicals
- Vanamali Organics
- Vasudha Pharma
- Vertellus
- Vital Synthesis
- Vortex Products Limited
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