|11-20-2017 12:22 PM CET - Business, Economy, Finances, Banking & Insurance||
Endosulfan Market forecast to witness phenomenal growth opportunities by 2025
Press release from: TMR Research
Global Endosulfan Market: Snapshot
Endosulfan, a manmade pesticide belonging to the organchlorine group of pesticides, is used to rid insects in agriculture and associated sectors. Also referred to as off-patent insecticide, which is phased out globally, endosulfan is sold as a blend of two different forms of same chemicals known as alpha and beta endosulfan. It has myriad applications. Besides its use in the agriculture sector for keep at bay insects that damage crops and fruits, endosulfan also finds application as a wood preservative.
The demand for endosulfan is being driven primarily by the agricultural sector, which is expanding by the day due to the pressing demand for food worldwide. They are sprayed on crops are soluble in kerosene, chloroform, xylene, and most organic solvents. They are also slightly soluble in water.
Endosulfan, however, is highly toxic. They can result in acute and chronic health issues. For example, they can affect the central nervous system, resulting in overstimulation and a wide range of health issues. They can cause headache, nausea, vomiting, unconsciousness, and even death in extreme conditions. Studies show that over exposure to endosulfan may cause and delayed puberty in boys, increased risk of autism, and birth defects in male. As a result major regions such as Europe, the U.S., the Middle East, etc. have banned the manufacture and usage of endosulfan.
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Currently, Asia Pacific is the only region which manufactures and uses endosulfan on a large scale on account of the growing demand from the agricultural sector in the region.
Endosulfan Market: Overview
Endosulfan is a manmade pesticide that belongs to the organchlorine group of pesticides. Endosulfan is placed under the cyclodiene subgroup. It was introduced in 1950, which later emerged as a leading chemical that was used against a wide range of insects in agriculture and associated sectors. It is also known as off-patent insecticide, which is phased out globally. As a DDT-era insecticide, it is present in all living organisms such as animals and humans, and can be found in the environment as well.
Half of the population, mostly comprising of young children are exposed to larger doses of endosulfan through environment or food. Endosulfan is sold as a blend of two different forms of same chemicals known as alpha and beta endosulfan. It differs from cream to brown crystalline solid or may appear as flakes. It has turpentine like odor and is combustible. Apart from its use in the agriculture sector, it is also used as a wood preservative. Endosulfan is used for controlling the insects that strive on various food crops including tea, grains, vegetables, and fruits among others. It is also used on non-food crops such as cotton and tobacco. It is used against a wide range of insects including beetles, leaf hoppers, Colorado beetle, caterpillars among others.
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Endosulfan Market: Trends and Prospects
Endosulfan was introduced in the era when environmental knowledge and awareness was low, and there were no national regulatory laws pertaining to its toxic nature. Recently, this chemical has been detected as a poisonous pesticide in many countries.
It is often sprayed on crops with the help of sprayers. It is readily soluble in chloroform, kerosene, xylene, and most organic solvents, but slightly soluble in water. Growing demand from the agriculture sector is the major factor driving the global endosulfan market. Increasing demand from the wood industry is also expected to boost demand for endosulfan in the near future.
Acute and chronic health effects of endosulfan has hampered the growth of the global endosulfan market. Endosulfan affects the central nervous system, leading to overstimulation and wide range of health issues. Acute symptoms of endosulfan include nausea, headache, vomiting, unconsciousness and death in extreme conditions. Studies have declared that, over exposure to endosulfan may lead to increased risk of autism, birth defects in male, and delayed puberty in boys. These factors have banned the manufacturing and usage of endosulfan under the Stockholm Convention in April 2011. This ban has been effective from mid-2012 in major regions such as U.S., Europe, and the Middle East among others. Asia Pacific is the only region which manufactures and uses endosulfan on a large scale.
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Endosulfan Market: Key Segments
North America, Europe, Asia Pacific and Rest of the World (RoW) are the key segments for the global endosulfan market. Asia Pacific is expected to be the largest consumer of endosulfan due to the growing demand from the agriculture sector in the region. North America and Europe are expected to show very less growth and demand due to the prohibited use and manufacture of endosulfan.
Endosulfan Market: Key Market Players
The key players of the global endosulfan market include Coromandel Fertilisers, Excel Cro Care Ltd, Hindusthan Insecticide Ltd and Indichem among others.
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