Pesticide Intermediates Market Growth, Trends, And Forecast To 2024
Recent developments:
Pesticide intermediates are used to manufacture agriculture and other industrial products. These are used in the synthesis of the active ingredient or in the production of pesticide products. They are raw materials used for the manufacture of technical grade of active ingredient by chemical reactions or purification
Acidic all-rounder, manufactured by BASF, consists primarily of formic acid. Formic acid has long proved valuable in many applications and is the stuff innovations are made of. There's hardly any limit to the use of formic acid: Beekeepers and farmers appreciate it just as much as airport operators do and mobile phone manufacturers soon will. Keeping high-quality stocks of this acid close to its customers and actively promoting innovations.
These are the vital substances used for the production of active ingredient used in the formulation of pesticide. Thus, extensive demand for agricultural products drives the global pesticide intermediate market. Further, increase in global population and food demand boosts the market growth.
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Market segmentation:
By Type:
Chemical Pesticide
BioPesticide
By Application:
Insecticide
Bactericide
Weeding
Others
Environmental Protection Agency (EPA) requires information regarding any environmental or toxic qualities of pesticide that may be harmful and these pesticides are thoroughly tested for effectiveness. These intermediate substances are also subject to regulation under the toxic substances control act (TSCA).
Geographical segmentation:
North America:
U.S.
Canada
Mexico
Europe:
Russia
UK
Denmark
Italy
Norway
Rest of Europe
Asia-Pacific:
China
India
Indonesia
Malaysia
Australia
Rest of Asia-Pacific
LAMEA:
Brazil
Nigeria
Europe is likewise expected to hold a rewarding offer amid the figure time frame because of a thriving medicinal gadget industry in U.K., France, and Germany, notwithstanding rising roads for market members in this district.
Key market players:
Syngenta AG
Bayer, BASF SE
Dow AgroSciences
Monsanto Company
- I. du Pont de Nemours and Company
ADAMA Agricultural Solutions Ltd.
Nufarm Ltd.
FMC Corporation
Lanxess
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