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Agricultural Adjuvants Market Forecast by Key Players: Solvay, Evonik Industries AG, Clariant Corporation, Akzo Nobel, Brandt Consolidated Inc., Huntsman Corporation and The Dow Corning Group

08-06-2018 12:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Chemical Market Research

Agricultural Adjuvants Market Forecast by Key Players: Solvay,

Market Overview:
North America held the largest share of the global agricultural adjuvants market in 2016, in terms of both, consumption and production. This can be attributed to growing popularity of precision farming and increasing adoption of eco-friendly chemicals for agricultural practices, especially in the U.S. High-technology equipment coupled with growing presence of multinational agricultural firms in Europe shall be propelling agricultural adjuvants demand in this region over the next few years.

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Asia Pacific is also likely to experience prominent product market growth in the coming years owing to rising awareness among farmers regarding side effects of using synthetic chemicals as pesticides and increasing government support in terms of subsidy for promoting usage of environment friendly products for farming practices. Asia Pacific countries including India are agriculture driven economies and largely depend on farming output for feeding growing population. In addition, reducing percentage of arable land has increased demand for cost effective and soil & land friendly products. This shall accelerate agricultural adjuvants market size in the forecast timeframe.

Global Agricultural Adjuvants Market size will witness a prominent growth during the forecast timespan. Agricultural adjuvants are used to improve effectiveness of herbicides, fungicides insecticides and other crop protection agents that help in mitigating pest problems.

The growing demand for precision farming is one of the prime factors driving product demand in the coming years. The agricultural chemicals costs have seen a substantial rise in past few years. Also, there is constant pressure on farmers to increase farm yield, which ultimately call for an improved and alternative solution such as agricultural adjuvants.

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The product market has witnessed impressive growth in recent times and is likely to follow the same trend over the forecast period due to increasing usage of advanced technologies for farming practices and ease of product application. It is an environment friendly solution to tackle pests and diseases in crops. However, price fluctuations in agricultural adjuvants market shall remain a major challenge over the forecast duration. The product market also faces substitution threat from alternatives such as genetically modified seeds, which are more efficient in terms of pest protection and yield.

Top key players:
The prominent market share contributors operational in the agricultural adjuvants industry are Solvay, Evonik Industries AG, Clariant Corporation, Akzo Nobel, Brandt Consolidated Inc., Huntsman Corporation and The Dow Corning Group. Other companies include Momentive Performance Materials, Wilbur-Elis Company and Lamberti SPA. The agricultural adjuvants market is highly competitive, with presence of vast number of giant multinational manufacturers.

The product manufacturers are constantly investing in research & development activities to improve their product offering and reach to each possible consumer type across the globe. Adjuvant production has become very sophisticated as companies are launching environment friendly substitutes to existing products. Companies including BASF and Dow AgroSciences are introducing innovative products with the help of improved technology to reduce drift.

Market share calculation in this report is not done based on companies covered in it. The calculation of agricultural adjuvants market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Browse Full Report @ https://www.gminsights.com/industry-analysis/agricultural-adjuvants-market

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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