Agricultural Surfactants Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, Italy, France, Spain, China, India, Japan, South Korea, Malaysia, Thailand, Australia, Brazil, Argentina, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3639
Agricultural Surfactants Market size is likely to witness a significant upsurge to 2025 owing to growing demand for agrochemicals supported by adoption of precision farming and protected cultivation. It is majorly utilized with pesticide formulations including fungicides, herbicides, insecticides, plant growth regulators and foliar nutrients to obtain superior crop protection which should accelerate agricultural surfactants market growth.
Agricultural Surfactants are additives used in agrochemicals to improve effectiveness of agricultural pesticides. Global agrichemicals market may surpass USD 300 billion by 2025 owing to rising demand for crop protection chemicals. These additives decrease surface tension of water containing in pesticide spray solution resulting in improved wettability, spreading ability, retention and penetration in leaf surface thereby propelling product demand. Its effectiveness on using minimal quantity helps in reducing overall cost and pollution levels which should favour industry growth.
Non-ionic agricultural surfactants market size is anticipated to rise significantly in projected timeframe owing rising herbicide spray solution utilisation. These surfactants offer superior dispersing agent, low toxicity to plants & animals along with stability in cold water characteristics should stimulate product demand. It is compatible with water soluble herbicides, insecticides, fungicides and plant growth regulators owing to surface tension reduction and contact angle of individual spray droplets attributes which may accelerate industry growth.
Agricultural Surfactants market size from fungicides application may witness a steady demand over forecast period. Growing utilisation of surfactants in formulation to enhance fungicide adhesion to crops should propel industry growth. Surfactants increases efficacy of fungicide and helps to stick on plant surface which is likely to stimulate product demand.
Bio based agricultural surfactants market may witness appreciable gains in the projected time frame. Rising utilisation of bio based over synthetic surfactants due to eco-friendly, biodegradable and low toxicity characteristics should propel industry growth. Growing environmental concerns along with stringent environmental regulations on usage of synthetic additives should propel bio based agricultural surfactants industry growth.
Rising utilisation of genetically modified seeds offering increased yield with less usage of agrochemicals and pesticides will limit industry growth. Shifting farmers preference towards eco-friendly solutions owing to rising awareness regarding ill effects of synthetic chemicals may act as major restricting factor, thus affecting industry profitability.
North America, led by Mexico, Canada and the U.S. agricultural surfactants market size, is anticipated to rise significantly in the projected time period. Supportive government initiatives to increase yield and maintain continuous raw material supply for food, feed & biofuel industries should accelerate product demand. Rising adoption of sustainable farming along with major American players including DowDuPont and Helena Chemical Company investing largely on R&D initiatives to develop innovative products should accelerate industry growth.
Europe, driven by UK, Spain, Italy, France and Germany agricultural surfactants market may observe steady gains due to rising production and exports of wheat. Supportive EU commission initiatives including farmers income support, market intervention and trade policy should stimulate regional agriculture industry, thus driving regional product demand.
Asia pacific, led by Australia, South Korea, Japan, China and India agricultural surfactants market is anticipated to experience significant growth in agricultural products exports. India is the largest producer of pulses, rice, wheat, spices and spice products which may fuel product demand. Favourable government programs including National Food Security Mission (NFSM) aiming to expand rice, wheat, pulses and coarse cereals production should propel agrichemical demand, thus driving agricultural surfactants regional market growth.
Global agricultural surfactants market share is moderately fragmented. The key players operating in the market includes Nufarm Limited, Croda International Plc, Stepan Company, Monsanto Company, Loveland Products, DowDuPont, BASF, AkzoNobel, Evonik Industries, Solvay SA, Wilbur-Ellis Company, Huntsman International, Clariant International, Helena Agri-Enterprises, and CEFIC.
Companies are majorly focusing on innovation, increasing production capacities, acquisitions and mergers to cater worldwide agricultural surfactants market demand. In 2018, Stephan company announced acquisition of BASF Mexicana S.A. DE C.V. surfactant production facility in Ecatepec, Mexico. Through this acquisition, Stephan will expand its production capacity and attain a strong market position in Mexico.
Manufacturers are extensively investing in research to develop bio-based solutions in order to attain sustainability and reduce environmental degradation which is likely to favour agricultural surfactants market share. In 2018, Croda International has announced launch and certification of its ECO range bio-based surfactant ingredients manufactured to meet rising market demand for sustainable and high-performance ingredients.
Akzo Nobel launched two latest agricultural surfactants including Adsee X-30 and Agrilan 788 into China market. Through this launch into Chinese market, the company will be able to penetrate largest agriculture producing market along with lowering product manufacturing cost thus, helping company to attain strong market position in China.
Agricultural Surfactants Market, By Type, 2014-2025 (Tons) (USD Million)
By Application, 2014-2025 (Tons) (USD Million)
By Substrate, 2014-2025 (Tons) (USD Million)
By Crop Application, 2014-2025 (Tons) (USD Million)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Avantor Performance Materials
- Honeywell International Inc
- Imperial Chemical Corporation
- Nova Molecular Technologies
- Asahi Kasei Medical Company Limited
- CNPC Jilin Chemical Corporation Limited
- AlzChem AG
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