Propargite Market - Global Industry Analysis, Forecast 2016 – 2024

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Propargite Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Propargite
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024” This report likewise
incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide
business sector industry structure.
Propargite Market: Overview
Propargite is a pesticide used to kill mites. It is an acaricide – a class of pesticides that kill members of the arachnid subclass
Acari, which includes ticks and mites. Acaricides are used both in medicine and agriculture, although the desired selective
toxicity differs between the two fields. Propargite is also named as 2-(4-tert-butylphenoxy)cyclohexyl prop-2-yne-1-sulfonate. Its
trade names are Omite and Comite.
Continuous increase in the global pesticide consumption, alteration in pesticide usage and environmental issues has had a great
impact on the propargite market demand. The pesticide market is mainly segmented into herbicides, insecticides, and
fungicides.
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Propargite Market: Key Drivers and Restraints
The global herbicide market has rapidly grown over the last decade as compared to the other segments. However, due to some
post effects such as formation of residuals in soil run-offs, high carbon emissions, and decreased food quality, the demand for
herbicides has shown a decline in the past couple of years. Furthermore, consumers are attracted towards insecticides that
show better performance. This shift in the pesticide usage pattern is considered to drive the propargite market demand.
Propargite exhibits properties such as low residual limits, less toxicity and improved food quality. It degrades in soil within two
weeks of application and has low potential to volatize in atmosphere. Propargite is sprayed directly on plants or injected in them.
Hence, it is considered as one of the most suitable pesticides for rice, maize, fruits, garden plants, lawns and rangelands. Owing
to these versatile uses of propargite, it is said to be compatible with the Integrated Pest Management Program (IPM).
In spite of various drivers driving the market growth, severe environmental regulations related propargite are likely to hinder the
market growth. Symptoms of exposure and poisoning to propargite are eye and skin irritation. In addition to this, propargite also
causes sensitization. It is highly toxic to amphibians, fish, and zooplankton. Propargite causes potential carcinogenity. Propargite
is considered as hazardous and poisonous pollutant, which, if released in the atmosphere may ultimately result in death of all
the living organisms. This safety issue can be considered as a restraint for the overall propargite market demand. The use of
biopesticides can be deemed as a potential substitute in near future.
Propargite Market: Region-wise Insight
In terms of global demand, Asia Pacific is expected to attain the leading position in the propargite market over the forecast
period. Currently, China stands as the largest importer of propargite. Moreover, with an increase in production of propargite in
the past few years, China is likely to be the leader in the propargite market in the near future, followed by India and Japan owing
to a fast paced demand.
The U.S. and Germany are the leading propargite producing countries in North America and Europe respectively. They are
expected to show similar trend over the forecast period. The U.S. is considered as a mature market for propargite imports.
However, the export markets are estimated to show a slow growing demand in next few years. Europe is anticipated to decline
in domestic as well as the global propargite market. Other European countries such as France and Italy are likely to become the
largest consumers. Rest of the world region, especially Africa is estimated to show potential markets over the coming years.
Propargite Market: Key Players
At present, manufacturers such as Bayer Crop Science AG, Drexel Chemical Company, Gujarat Pesticides Private Limited and
Kenvos Biotech Company Limited dominate the propargite market.
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The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by
tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely
scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
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Key market segments and sub-segments
•
Evolving market trends and dynamics
•
Changing supply and demand scenarios
•
Quantifying market opportunities through market sizing and market forecasting
•
Tracking current trends/opportunities/challenges
•
Competitive insights
•
Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
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North America (U.S. and Canada)
•
Latin America (Mexico, Brazil, Peru, Chile, and others)
•
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
•
Eastern Europe (Poland, Russia)
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Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
•
Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of
companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for
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economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More
than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a
base year and then forecast growth within each market.
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Propargite is a pesticide used to kill mites. It is an acaricide – a class of pesticides that kill members of the arachnid subclass Acari, which includes ticks and mites. Acaricides are used both in medicine and agriculture, although the desired selective toxicity differs between the two fields. Propargite is also named as 2-(4-tert-butylphenoxy)cyclohexyl prop-2-yne-1-sulfonate. Its trade names are Omite and Comite.