A recent report published by Infinium Global Research on agricultural adjuvants market provides in-depth analysis of segments and sub-segments in the global as well as regional agricultural adjuvants market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional agricultural adjuvants market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global agricultural adjuvants market. According to the report, the global agricultural adjuvants market is projected to grow at a CAGR of 6.1% over the forecast period of 2018-2024.
Pigments are insoluble particulate materials that provide color, opacity, gloss control, rheological control, and certain functions such as corrosion inhibition or magnetic moment. Pigments that are made up of mineral compounds are known as inorganic pigments. Inorganic pigments are considered better over their organic counterparts. These inorganic pigments can withstand the impact of sunlight and chemical exposure in a better way. They have also good opacity and thus these can protect other objects by preventing the light. These pigments also increase rash inhibition, abrasion resistance, and rigidity to the molecules. These pigments are available at low cost in respect to the organic pigments. These pigments have more durability. Inorganic pigments are available in the market in different forms. Different forms are powder, pastes, slurries, and suspensions. Inorganic pigments have various benefits including high stability in the organic solvents, high resistance to pigment bleeding and migration, higher heat stability and among others.
Growing consumption of inorganic pigments in the manufacturing of paints and coating drives the growth of inorganic pigments market. Inorganic pigments play a vital role in the production of the paints and coatings. The aerospace, consumer products, original equipment manufacturing, shipbuilding, and infrastructure supplies industries are the major consumers of paints and coatings, that in turn drives the growth of inorganic pigments market. The growing infrastructure also drives the growth of inorganic pigments as they are used in paint products, anticorrosion coatings, fireproofing coatings, and other materials for use in residential, institutional, and commercial buildings. In addition, the growth of the packaging industry drives the growth of the inorganic pigment market. Inorganic pigments are used in printing inks such as offset inks, publication gravure inks, packaging inks, and many others. Inorganic solvent-based inks are important for the printing on the flexible, uncoated vinyl substrates and other packing inks that need to the UV resistant and waterproof. Furthermore, the textiles sector is one of the largest contributors to the growth of inorganic pigment market. However, the negative environmental impacts and stringent regulations hamper the growth of the inorganic pigment market. Moreover, the increasing demand for inorganic pigments generates fruitful opportunities for the growth of this market.
Geographically, Asia Pacific is the largest region in terms of the total addressable market size of the inorganic pigments. The Asia Pacific is anticipated to remain dominant over the forecast period. The rapid industrialization and the growth of the automotive and construction industry in Asian countries are anticipated to drive the growth of inorganic pigments market in the Asia Pacific region. In addition, the expeditiously developing infrastructure contributes to the growth of inorganic pigments in this region. Europe holds the second largest market share owing to the growing demand from automotive industries.
Agricultural adjuvants are used in agriculture to improve the productivity of herbicides, insecticides, fungicides, and other agents, which exclude or control unwanted pests and plant diseases. An ingredient is added to the spray tank, which is distinct from the pesticide that improves the performance of the pesticide. It is used to protect the crops. Agricultural adjuvant consists of surfactants, oils, and ammonium fertilizers. It plays a significant role in the agrochemical market. It improves the productivity of agrochemical and increases the productivity or yields the crop.
A growing consciousness among farmers regarding agrochemical products and growing importance for precision farming is driving the growth of agricultural adjuvants market. Further, with growth in population, pressure on farmlands, agricultural installations, expanding crop yield and productivity has increased. As per the study of Population Division of the United Nations Department of Economic and Social Affairs, the population in 2017 was 7.6 billion. This was estimated to reach approximately 9.8 billion by 2050, and nearly 83 million people are being added to the world’s population every year. This is likely to generate a complementary demand for food grains in upcoming years. Therefore, growing demand for food grains is, hence projected to support the market growth for agricultural adjuvants in upcoming years. Besides, shifting inclination from chemically synthesized adjuvants to environment-friendly agricultural adjuvants is generating an opportunity in the coming years. Traditionally, adjuvants are chemically synthesized and these chemicals are non-environment-friendly and have a toxicological profile. Therefore, companies are progressively diversifying their portfolios to include bio-based adjuvants. On the other side, Price instability of agricultural adjuvants is likely to restrain the market of Agricultural adjuvants.
Among the geographies, North America is dominating the region for agricultural adjuvants and the Asia Pacific is estimated to be the fastest growing region for agricultural adjuvants. In North America, region factor such as consciousness about agricultural adjuvants among farmers is driving the growth of this market. Further, cumulative agricultural output attached with technological advancements in farming and execution of strict rules about environment protection is boosting the growth of agricultural adjuvants market. Addition to this, rising agricultural practices in India, Indonesia, Japan, and China is fueling the growth of agricultural adjuvants market in the Asia Pacific region.
The report on global agricultural adjuvants market covers segments such as product, application, and crop type. On the basis of product, the sub-markets include utility adjuvants and activator adjuvants. On the basis of application, the sub-markets include fungicide adjuvants, herbicide adjuvants, insecticide adjuvants, and others. On the basis of crop type, the sub-markets include cereals & grains, fruits & vegetables, oilseeds & pulses, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in this region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as Adjuvants Plus Inc, Brandt Consolidated, Inc., Garrco Products, Inc, Huntsman International LLC, Lamberti S.p.A, The Dow Chemical Company, Wilbur-Ellis Company Inc., Akzonobel N.V., and Nufarm Limited.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of agricultural adjuvants market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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