Global 2,3-Dichloropyridine Market demand is expected to witness a steady growth on account of its increasing application in the manufacturing of insecticides and fungicides. Dichloropyridrine is an organic compound with a chemical formula C5H3Cl2N. It is a white to yellowish crystalline powder and slightly soluble in water. It is produced through chlorination of 2,6 Dichloropyridrine followed by hydrogenation in an organic solvent with the help of acid binding catalyst. This compound acts as an intermediate for further synthesis of pyridine derivative mainly in the agrochemical manufacturing. It is mainly used in the production of insecticides, fungicides, food flavorings, feed additives, disinfectants and adhesives. Usage of 2,3-Dichloropyridineas a raw material is a major application driving the overall demand. This compound is used in the manufacturing of pesticides and insecticides. These agro chemicals are widely used to increase the crop yield. Growing demand from agro chemical industry provides great opportunities in near future.
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Further, 2,3-Dichloropyridineis used as an intermediate for pharmaceutical drugs which has been driving the market demand in recent years. Drugs such as Betrixaban used for prevention of embolism after knee surgery makes use of Dichloropyridrine as a raw material. Government regulations and safety related to this organic compound offers a major challenge for the overall industry growth. The Global harmonized system of classification (GHS) categorizes it as 2 and 2B. Its usage as safe when used in proper quantities and with adequate safety measures but offers risk as a skin irritant and eye irritant. This chemical is considered non-hazardous for transport through air or sea. Vendors face a threat owing to the backward integration possibilities by the larger agro chemical manufacturers.
Market segmentation is done on the basis of end use industries which include agrochemical manufacturing and pharmaceuticals. Agro chemicals account for maximum segment share owing to its high usage in pesticides and insecticides. China is a leading producer of agro chemicals and contributes towards the majority share. Asia Pacific has been the leading market in recent years in terms of demand and is expected to continue its increasing application in agro chemical production. China has shown substantial production and consumption of 2,3-Dichloropyridinefor manufacturing pesticides and insecticides. Emerging economies such as India and China are expected to witness a significant growth on account of high investment in organic chemical manufacturing.
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Further, regional demand is followed by North America mainly on account of increasing use of pharmaceutical. Development of new drugs has fueled the demand in developed economy such as the US. Europe is expected to show a steady growth over the forecast period with increasing demand on account of pharmaceutical applications. South America and Africa is expected to witness a stagnant growth owing to the slow growth of overall development of application industries. Major players operating in the market are Vertellus, Lonza and Jubilant. Companies are focusing on research and development in order to find out new applications for 2,3-Dichloropyridine. This is expected to diversify the application portfolio and therefore propelling the demand in near future.
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