Key players are Nufarm Ltd. (Australia), Evonik Industries AG (Germany) and Dow Corning Corporation (U.S.)
(PRWEB) January 20, 2015
Adjuvants are added in formulations or tanks to facilitate the mixing, effectiveness and application of crop protection chemicals such as insecticide, herbicides, and fungicides. They are separately available in the market to be mixed with agro chemicals to meet specific crop demands. These products improve the ability of solution to kill the targeted species without any harm to other plants.
The report on the Agricultural Adjuvants Market defines and segments of the market with an analysis and projection of the size and trends in terms of value. It also identifies the driving and restraining factors for the market with analyses of opportunities, burning issues, and challenges.
Browse 109 market data tables, 40 figures spread through 190 pages and in-depth TOC on “Agricultural Adjuvants Market”
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The global agricultural adjuvants market is primarily driven by factors such as, growing demand for agro chemicals, adoption of precision farming and protected agriculture, and increased farm expenditure. On the other hand, shrinking arable land, changing farming practices and technology, and increasing attack of pests and diseases are also fueling the agricultural adjuvants demand, globally.
Latin America is projected to be the fastest-growing agricultural adjuvants market globally for the period under consideration. The market is projected to grow significantly at a CAGR of 6.1% from 2014 to 2019. Brazil is one of the major consumers of agricultural adjuvants and accounted for around 10% of the global market in 2013. Adoption of protected agriculture, increasing precision farming practices, and changing farming technology are the major factors projected to drive the market for the next five years in the region.
The agricultural adjuvants market, in terms of value, is projected to reach $3,183.04 million by 2019, at a CAGR of around 5.6% from 2014.
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The global agricultural adjuvants market is fragmented and significantly price-sensitive. Owing to high entry barriers, the number of market participants remains limited. Mergers and acquisitions were found to be the most preferred growth strategies in the adjuvants market. The purpose of adopting this strategic expansion is that it results in better market penetration and helps to reach new potential markets.The leading participants in innovation and patent registration such as AkzoNobel N.V. (The Netherlands), Clariant International Ltd. (Switzerland), Solvay SA (Belgium), Dow Corning (U.S.), Croda Chemicals (India), Tanatex Chemicals (Europe), and Helena Chemical Company (U.S.) are the largest players in the agricultural adjuvants market.
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