Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Included – Dow Dupont Inc., BASF SE, Clariant AG & More
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing population growth, in 2016, population in APAC was reported to climb 4.5 billion from 4.3 billion in 2013.
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Based on chemicals group, the agricultural adjuvants market is segmented into sulfonates, alkoxylates, and organosilicone. Out of these, sulfonates are expected to record more than 25% revenue share of the overall agricultural adjuvants market. The product is mainly used in the development of anionic surfactants because of its low odor, negligible aquatic toxicity properties, and excellent wetting feature. Sulfonates are ideal for use with extremely acidic or alkaline water, as it helps to smoothen the herbicide's performance.
The herbicide application segment is anticipated to gross over 50% of the entire agricultural adjuvants market share in the forthcoming years. Adjuvants often help in overcoming the barriers on the leaf surface, allowing a smooth movement of herbicides into leaf cells. It enhances the herbicide wetting, spreading, canopy and leaf penetration, as well as increases adhesion. Apart from herbicides, agricultural adjuvants are also used with insecticides and fungicides.
Considering regional share, Asia Pacific agricultural adjuvants market is considered to become a major revenue ground in the coming years. The region houses almost 60% of the world population. Climatic conditions in APAC are ideal for most types of crops like rice, wheat, and sugarcane. This could massively boost the adoption of agricultural adjuvants, aiding APAC market volume to exceed 170-kilo tons over the predicted timeframe.
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Competitive Market Share
Global agricultural adjuvants market is characterized by the presence of many global and regional companies. Some of the major players in the market includes Dow Dupont Inc., BASF SE, Clariant AG, Huntsman Corporation, Akzo Nobel, Brandt Consolidated Inc., Momentive Performance Materials Inc., Wilbur-Elis Company Inc., Loveland Products Inc., Brenntag North America, Inc., and Alzchem LLC.
By Chemical Group
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