Chlorpyrifos Market to Remain Lucrative During 2017 – 2025

Global Chlorpyrifos market – Overview

Chlorpyrifos is an organophosphate insecticide, acaricide, and miticide, produced by white or colorless crystals and used to control insect pests on a variety of crops such as corn, cotton, wheat and other crops. Chlorpyrifos is used as a pesticide since 1965 in agricultural as well as the non-agricultural field. Chlorpyrifos is acting on the nervous system of insects, pests, fleas, termites and mosquito by inhibiting acetylcholinesterase, which leads to the demand of the Chlorpyrifos from the agriculture as well as pet care industry. Chlorpyrifos has become the largest organophosphorus insecticide as it has been widely consumed in over 100 countries across the world.

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Global Chlorpyrifos market – Drivers and Restraints

The global Chlorpyrifos market is anticipated to register a significant CAGR over the forecast period due to increasing demand from the agricultural industry. The use of Chlorpyrifos is widely increased due to its effective use as a pesticide and insecticide in farming and animal care sector. The Chlorpyrifos is also used in the commercial sector, such as golf courses and playgrounds to control the mosquitos and other insects which also propel the demand of Chlorpyrifos and drives the growth of the global Chlorpyrifos market. The increasing use of Chlorpyrifos in animal ectoparasiticides and new innovations due to research and development activities also boost the demand of the Chlorpyrifos and drives the global Chlorpyrifos market.

The stringent government laws and regulations to use of Chlorpyrifos in various industries such as the Emergency Planning and Community Right-to-Know Act (EPCRA), Endangered Species Act (ESA), the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), Cosmetic Act (FFDCA) and Clean Water Act (CWA) may restrain the growth of the global Chlorpyrifos market. Chlorpyrifos can cause cholinesterase inhibition in human at high enough doses which can overstimulate the nervous system and causes nausea, dizziness and respiratory paralysis, which may also hamper the demand of the Chlorpyrifos as pesticides and restrain the global Chlorpyrifos market.

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Global Chlorpyrifos market – Segmentation

The global Chlorpyrifos market is segmented on the basis of form, application and region.

On the basis of form, the global Chlorpyrifos market is segmented as follows:

Liquid
Powder
Granular
On the basis of application, the global Chlorpyrifos market is segmented as follows:

Agricultural
Commercial
Residential
Global Chlorpyrifos market – Region Wise Outlook

The global Chlorpyrifos market segmented into the seven regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The APEJ is dominating the global Chlorpyrifos market by contributing the leading shares in terms of revenue and volume due to the high demand of Chlorpyrifos from the agricultural industry. The North America and Western Europe are also contributing the significant shares to the global Chlorpyrifos market, followed by APEJ in terms of revenue. The Latin America and Japan are expected to register the moderate shares to the global Chlorpyrifos market over the forecast period as its wide applications in commercial and residential sectors. The MEA and Eastern Europe are anticipated to grow at a healthy growth rate over the forecast period due to the lucrative market of Chlorpyrifos in the region. Overall, the global Chlorpyrifos market is projected to grow at a significant growth rate over the forecast period 2016 to 2026.

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Global Chlorpyrifos market – Key Players

The key players of the global Chlorpyrifos market are as follows:

Dow AgroSciences LLC
Dow Chemical Co.
Gharda Chemicals Ltd.
Cheminova A/S
Nanjing Red Sun Group
Hubei Xiantao Xianlong Chemical Industry Co., Ltd.
Shandong Tiancheng Biological Technology Co., Ltd.
Zhejiang XinNong Chemical Co., Ltd.
Nantong Jinnuo Chemical Co., Ltd.
Jiangsu Baoling Chemical Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes

North America (U.S., Canada)
Latin America (Brazil, Mexico, Rest Of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.

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