Diquat Market is Predicted to Reach a Size of USD 3.8 billion by 2035 | FactMR Report

The global diquat market is projected to be valued at USD 2.4 billion by 2025 and is forecast to grow at a compound annual growth rate (CAGR) of 4.8%, reaching USD 3.8 billion by 2035. This growth highlights the enduring importance of diquat as a versatile herbicide and water treatment chemical, despite evolving regulations and rising competition. The market is being shaped by demand from agriculture, water treatment projects, and specialized industrial uses, with each segment playing a crucial role in the overall expansion trajectory.

Market Segmentation Analysis

Product Type

By product type, dibromide continues to dominate the market, maintaining the largest share due to its effectiveness and broad applicability. Its widespread adoption stems from its fast action and versatility across both agricultural and water management practices. Dichloride, though a smaller segment, remains relevant as an alternative form that suits certain regional formulations and compliance frameworks. The use of diquat in PCB laminates is relatively niche but represents a specialized segment where diquat's chemical properties are valued in industrial applications. While not as significant as agricultural or water treatment uses, this segment adds diversity to the overall market.

Form

In terms of form, liquid diquat has emerged as the most preferred format. Its ease of application, compatibility with modern spraying systems, and quicker activation make it a go-to option for both farmers and water treatment authorities. By 2025, liquid formulations are expected to account for more than half of global demand. Crystalline diquat, while holding a smaller share, offers unique advantages in terms of stability and transport efficiency. It is particularly valued in regions where logistics play a crucial role in determining cost and efficiency.

End-Use Verticals

Water treatment is the leading end-use vertical for diquat, holding the largest share of the market. Municipalities and private utilities increasingly rely on diquat for controlling aquatic weeds and algae, as it provides a fast-acting solution with relatively low residual effects. Agriculture continues to be a strong pillar of the market, where diquat is extensively used as a non-selective herbicide and as a crop desiccant to accelerate harvest cycles. This is especially important in intensive farming systems where time and crop rotation speed are critical. Beyond these two major sectors, diquat also finds applications in other areas such as industrial vegetation management, canal maintenance, and landscaping, although these segments remain comparatively smaller.

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Regional Outlook

Regionally, North America is expected to experience steady growth, supported by large-scale agricultural operations and extensive water infrastructure. The United States, in particular, remains a significant consumer, with demand spread across both farming and aquatic weed control. Latin America also presents strong potential, with countries such as Brazil investing in modern herbicides and water management projects.

Europe represents a more challenging market. Following the withdrawal of diquat's approval in the European Union in 2018, demand has contracted significantly. However, some non-EU European countries and neighboring regions continue to use diquat under stricter conditions. In contrast, Asia Pacific is emerging as a growth engine for the industry. With countries like China and India expanding both agricultural output and water treatment infrastructure, diquat demand in the region is projected to grow steadily. Meanwhile, the Middle East and Africa are beginning to show promise as emerging markets, particularly in irrigation-driven agriculture and water management projects.

Recent Developments and Market Trends

The diquat market has seen several recent developments that are reshaping its competitive landscape. One of the most notable has been regulatory changes. While regions such as Europe have restricted or banned the use of diquat, other areas, particularly in Asia and Latin America, continue to adopt it widely. This divergence has led to shifts in production and distribution, with manufacturers redirecting focus toward more permissive markets.

At the same time, there has been an increasing emphasis on innovation. Companies are investing in research and development to create safer, more environmentally friendly formulations. These include products that reduce spray drift, encapsulated formulations for controlled release, and blends designed to lower residues while maintaining efficacy. Such innovations are helping manufacturers address regulatory concerns while sustaining demand.

Another trend is the growing importance of regional expansion. Leading players are establishing partnerships with local distributors and investing in new formulation plants closer to high-growth regions. This strategy not only reduces operational costs but also enhances responsiveness to local market needs. However, challenges remain. Rising raw material costs, particularly for bromine and surfactants, have placed pressure on margins. Supply chain disruptions and fluctuations in input prices continue to test the resilience of market players.

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Competitive Landscape

Competition in the diquat market is defined by a mix of global agrochemical giants, specialized regional firms, and cost-competitive generic manufacturers. Some companies leverage strong regulatory capabilities and global distribution networks, while others focus on affordability and local adaptability.

Chinese and Indian manufacturers have steadily expanded their presence, offering competitive pricing and reaching underserved markets in Africa, Asia, and Latin America. Meanwhile, established companies from Europe and North America, though constrained by regulatory hurdles in their home regions, maintain their relevance through innovation and diversification into complementary product lines.

Smaller regional players have carved out niches by targeting specific applications or geographies, such as aquatic weed management in North America or pre-harvest crop desiccation in South Asia. However, the competitive environment remains dynamic. Companies that fail to adapt to evolving regulations or innovate new formulations risk losing market share to more agile rivals.

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