Jubilant Ingrevia Limited (India) and Vertellus (US) are the Key Players in the Piperidine Market
The 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. Piperidine is widely used in crop protection, as active pharmaceutical ingredient (API) in drug manufacturing, as a solvent in organic synthesis. The market growth is primarily attributed to the growth in demand for pharmaceutical and agrochemical products. Pharmaceutical demand is growing as a result of changes in the clinical practice and growing demand of drug for ageing-related and chronic diseases. The agrochemical industry has been driven by an increasing domestic demand and exports demand in various countries.
The key players in the piperidine market are BASF SE (Germany), Koei Chemical Co. Ltd. (Japan), Vertellus (US), Jubilant Ingrevia Limited (India), Vasudha Pharma (India), Taj Pharmaceuticals Ltd. (India), Avantor Inc. (US), Allchem Lifescience Pvt. Ltd. (India), Toronto Research Chemicals (Canada), Merck KGaA (Germany), and others. The piperidine market report analyzes the key growth strategies adopted by the leading market players, between 2020 and 2022, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.
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Jubilant Ingrevia Limited, a global integrated Life Science products and Innovative Solutions provider. The company operates its business through its specialty chemicals, nutrition & health solution and life science chemicals business segments. The company offers specialty chemicals including acetyl, pyridine, piperidine, ketene, diketene, halogenation & others. Jubilant Ingrevia has a portfolio of more than 100 products. It has five state-of-the-art manufacturing facilities and R&D centers in India. Through its businesses of Specialty Chemicals, Nutrition & Health Solutions and Life Science Chemicals it is serving fast-growing and diverse industries such as pharmaceuticals, agrochemicals, nutrition, consumer and industrial applications.
Vertellus is a U.S. based company and one of the leading player in pyridine, piperidine and picoline manufacturing. It was formerly known as Reilly Industries, Inc. and changed its name to Vertellus Specialties Inc. in July 2006. It was acquired by V Global Holdings LLC (“Vertellus”) in 2016. The company operates its pyridine business through its agriculture and nutrition specialties business unit. The company also manufactures vitamin B3 nutrition products for animal, human, and pharmaceutical uses. The company has 10 manufacturing facilities around the globe, including facilities in the U.S., Europe, China, and India. Vertellus has fully-integrated facilities that cater across the pyridine chemistry value chain. Pritzker Private Capital (PPC), a leader in family direct investing, acquired the Vertellus group of companies in January 2021.
Related Reports:
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
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