Global agriculture adjuvant market to grow by 5.3% to $2,963.2 million by 2018

The report ”Global agriculture adjuvant market” shows that the global agriculture adjuvant market valued at $2,173.7 million in 2012 and expected to grow at a CAGR of 5.3% to reach $2,963.2 million by 2018. North America controlled the market share of around 40.3% in 2012. The agriculture adjuvant market is dominated by North America and Europe is mainly due to high tech agriculture practices, increasing awareness, protected and precision farming, and headquarters of major market players in these regions. Majority of the adjuvants market in Asia-Pacific and Latin America is untapped and has huge potential to grow.

The global agriculture adjuvants market, which is a part of the wider agrochemical market primarily, includes, surfactants, oils, ammonium fertilizers, water conditioners, drift control agents, etc. The global agriculture adjuvants chemicals market is the one of the fastest growing segment of an agrochemical market. The agriculture adjuvants market has grown exponentially in the last few years and growth is expected to continue. Numerous factors such as, simplicity to apply, advanced production practices, innovative product contributions, increased accessibility, and increasing attack of pests and diseases are the major drivers of the agriculture adjuvant market. Agrochemicals are raising this industry from a global perspective. Adjuvants are quietly helping to revolutionize the agrochemical business as the best tools for farmers to improve application, facilitate the dosage, and achieve more cost-effective, better targeted, and more environmentally acceptable pest control. The agriculture adjuvants play an essential role for the performance of herbicides, fungicides, and insecticides, and facilitate by formulating the dosages from preventative, high dose applications to low dose, specifically targeted for curative applications.

The global agricultural adjuvants market is fragmented and significantly price sensitive. Owing to high entry barriers, a number of market participants remain limited. Due to these factors, the market displays oligopolistic characteristics. The leading participants in innovation and patent registration such as Adjuvant plus Inc. (Canada), Akzonoble N.V. (Netherlands), Brandt Consolidated (U.S.), Clariant International Ltd. (Switzerland), Lamberti SpA (Italy), Momentive Performance Materials (U.S), Solvay SA (Belgium), Dow Corning (U.S.), Croda Chemicals (India), Tanatex Chemicals (Europe), Helena Chemical Company (U.S.), and others.