The global piperidine market size was valued at USD 67.78 Million in 2022 and is likely to reach USD 113.54 Million by 2031, expanding at a CAGR of 5.9% during the forecast period, 2023–2031. The growth of the market is attributed to the rising demand for pharmaceutical drug in treatment of chronic disease. Piperidine is a pepper-like chemical molecule that comes in the form of a clear, colourless liquid. The molecular formula of piperidine is (CH2)5NH.
Piperidine gets its name from the genus piper, which is the Latin word for pepper. The fumes of piperidine are heavier than air. Piperidine is well-known for its application in a variety of medications, chemical industrial catalysts, and pesticide and fertilizer synthesis. Piperidine is frequently utilized in the synthesis of some organic compounds as a building block and chemical reagent. The secondary amine piperidine is commonly utilized. It's used to convert ketones into enamines. Piperidine is utilized as a solvent and base.
Piperidines have lately attracted interest in the disciplines of organic, biomolecular, and biotechnology because of their advantageous biological features. Piperidine derivatives can be extracted from plant sources and produced through a series of chemical processes. Antimicrobial properties of piperidine rings are well-known. Certain piperidine analogs have also been discovered to have antiviral and antifungal properties.
The COVID-19 pandemic hampered the global chemical and materials market. Chemicals and materials have wide applications from automotive to medical devices. Many fundamental patterns have begun to accelerate, changing both demand and supply across industries, due to the crisis. Chemical and materials firms is expected to be transitioning from recovering to flourishing, depending on the path of the pandemic and economic conditions.
Piperidine Market Trends, Drivers, Restraints, and Opportunities
- Increasing usage of piperidine in pharmaceuticals is expected to drive the market.
- Rising demand of piperidine as solvents, base, and catalyst in different industries is projected to propel the market during the forecast period.
- Exposure to piperidine causes several health hazards such as vomiting, depression, nausea, eye damage, and muscle weakness and is anticipated to hinder the market.
- Piperidine is highly flammable liquid and leads to risk of fire hazard. Therefore, it is expected to hamper the market.
- Increasing investments in research and development is projected to create lucrative opportunities for market players.
Scope of Piperidine Market Report
The report on the global piperidine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Piperidine Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
End-users (Agrochemicals, Rubber, Pharmaceutical, and Others), and Types (98% Purity and 99% Purity)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Taj Pharmaceuticals Ltd.; Avantor Inc.; Allchem Lifescience Pvt. Ltd.; Toronto Research Chemicals; Merck KGaA; BASF SE; Koei Chemical Co. Ltd.; Vertellus; Jubilant Ingrevia Limited; and Vasudha Pharma
|
Piperidine Market Segment Insights
End-users Segment Analysis
On the basis of end-users, the piperidine market is segmented into agrochemicals, rubber, pharmaceutical, and others. The pharmaceutical segment is projected to expand at a considerable CAGR during the forecast period, due to rising affordability of healthcare treatments.
The agrochemicals segment is anticipated to account for a major market share during the forecast period. In the agricultural and pharmaceutical sectors, piperidine is used as a solvent and base for Dipyridamole, Mepiquat Chloride, and Minoxidil.
Types Segment Analysis
Based on types, the market is divided into 98% purity and 99% purity. The 99% purity segment is expected to hold a significant share of the market in the coming years, due to the need of high purity active pharmaceutical ingredient (APIs) in pharmaceutical industry to ensure quality of drug. The 98% purity segment accounts for a significant market share, owing to its biological property.
Regional Analysis
In terms of regions, the piperidine market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key share of the market during the forecast period, owing to the presence of leading crop protection chemical manufacturers and API manufacturers in the region.
The market in North America is anticipated to expand at a rapid pace during the forecast period, due to tremendous growth in the pharmaceutical and hygiene & anti-microbial industry.
Segments
The global piperidine market has been segmented on the basis of
End-users
- Agrochemicals
- Rubber
- Pharmaceutical
- Others
Types
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Taj Pharmaceuticals Ltd.
- Avantor Inc.
- Allchem Lifescience Pvt. Ltd.
- Toronto Research Chemicals
- Merck KGaA
- BASF SE
- Koei Chemical Co. Ltd.
- Vertellus
- Jubilant Ingrevia Limited
- Vasudha Pharma
Competitive Landscape
Key players competing in the global piperidine market are Taj Pharmaceuticals Ltd.; Avantor Inc.; Allchem Lifescience Pvt. Ltd.; Toronto Research Chemicals; Merck KGaA; BASF SE; Koei Chemical Co. Ltd.; Vertellus; Jubilant Ingrevia Limited; and Vasudha Pharma. Key players in the market adopting organic growth strategies such as participation in events, research & development, and acquisitions & mergers to expand at a significant CAGR.
Request For Customization
Enquiry Before Buying
Speak With Analyst
