What is Global 2-Cyanopyridine Market?
The Global 2-Cyanopyridine Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. 2-Cyanopyridine, also known as 2-Pyridinecarbonitrile, is a chemical compound used in various industries. It is a colorless liquid that is soluble in water and most organic solvents. The market for 2-Cyanopyridine is growing due to its increasing use in different sectors. The market is segmented based on the grade of the product, its applications, and the regions where it is being used. The market is also influenced by the key players who manufacture and supply 2-Cyanopyridine globally. These factors together shape the size, share, and trends of the Global 2-Cyanopyridine Market.
Pharmaceutical Grade, Industrial Grade in the Global 2-Cyanopyridine Market:
The Global 2-Cyanopyridine Market is divided into two segments based on the grade of the product: Pharmaceutical Grade and Industrial Grade. Pharmaceutical Grade 2-Cyanopyridine is a high-quality product used in the pharmaceutical industry for the production of various drugs. It is produced under strict quality control measures to ensure its purity and effectiveness. On the other hand, Industrial Grade 2-Cyanopyridine is used in various industries such as agriculture, dyeing, and more. It is less pure compared to the pharmaceutical grade but is more cost-effective, making it suitable for large-scale industrial applications. The demand for both grades is influenced by the needs of the respective industries and the economic conditions of the regions where they are used.
Pesticides, Pharmaceutical Intermediates, Dye Intermediates, Others in the Global 2-Cyanopyridine Market:
The Global 2-Cyanopyridine Market finds its application in various sectors such as Pesticides, Pharmaceutical Intermediates, Dye Intermediates, and others. In the pesticide industry, it is used as a raw material for the production of various pesticides. In the pharmaceutical industry, it is used as an intermediate in the production of drugs. In the dye industry, it is used as an intermediate in the production of various dyes. Other applications include its use in the production of rubber, plastics, and other materials. The demand in each of these sectors is influenced by the growth of the respective industries and the economic conditions of the regions where they are used.
Global 2-Cyanopyridine Market Outlook:
Looking at the market outlook, the Global 2-Cyanopyridine Market was valued at US$ 79 million in 2023. It is expected to reach a value of US$ 98.8 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 1.6% during the forecast period from 2024 to 2030. The market is dominated by the top three manufacturers who hold about 80% of the market share. In terms of the product, the industrial grade is the largest segment, holding a share of over 85%. This data gives us a clear picture of the current market scenario and the future trends of the Global 2-Cyanopyridine Market.
| Report Metric | Details |
| Report Name | 2-Cyanopyridine Market |
| Accounted market size in 2023 | US$ 79 million |
| Forecasted market size in 2030 | US$ 98.8 million |
| CAGR | 1.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Nantong Acetic Acid Chemical, Koei Chemical, Vertellus, Jubilant Ingrevia, Hebei Yanuo Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
