Piperidine Market Size, Share, Growth Analysis, By Application(Agrochemicals, Pharmaceuticals), By Purity(98% and 99%), By Derivatives(2, 2) - Industry Forecast 2024-2031

Piperidine Market size was valued at USD 61.5 million in 2021 and is poised to grow from USD 65.07 million in 2022 to USD 102.15 million by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).

Piperidine is becoming popular since It has several industrial and pharmaceutical applications. It offers several advantages such as acting as a good solvent used in chemical synthesis, intermediate for fine chemicals, and corrosion inhibitor.

In the Pharmaceutical industry, it is widely used as a building block for the synthesis of numerous drugs, including antipsychotics, antihistamines, and antiarrhythmics. It also acts as a precursor for the synthesis of piperazine, which is used in several drugs. Along with it, it is an excellent solvent used in a wide range of organic and inorganic compounds and in the production of raisins, ties, and synthetic rubber. In the petroleum industry across the globe, piperidine is used as a corrosion inhibitor to protect the metal surface from corrosion. Moreover, it is also a fine versatile intermediate used for the synthesis of fine chemicals such as fragrances and flavors and utilized as flavor and answer in the food industry.

US Piperidine Market  is poised to grow at a sustainable CAGR for the next forecast year.