Dallas, TX -- (SBWIRE) -- 02/14/2014 -- According to a new market research report, “Adjuvants Market In Agriculture By Type [Activator (Surfactants, Oils, Ammonium Fertilizer), Utility (Water Conditioners, Drift Control, Compatible, Cidifier/Buffers, Antifoam)], By Application (Herbicides, Fungicides, Insecticides) - Global Trends & Forecasts to 2018”, published by MarketsandMarkets, the Adjuvants Market will grow from $2,173.7 million in 2012 to $2,963.2 million by 2018 with a CAGR of 5.3% from 2013 to 2018. North America led the global market followed by Europe and Asia-Pacific, Latin America in terms of revenue in 2012.
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The global agriculture adjuvants market is dominated by North America contributing 40.3% of the global market in 2012. U.S led the market in North America. Precision and controlled agriculture, adoption of advancement technology in agriculture, and increasing agrochemical consumption is driving the agriculture adjuvants market in North America. U.S leads the North America adjuvants market. Europe holds the second position in agriculture adjuvants market, which accounts for 22.0% share in 2012. Germany, France, Italy, and U.K. are the major consumers of adjuvants. In spite of being a major consumer of agrochemicals, the Asia-Pacific contributes only 17.1% of adjuvants consumption.
Activator adjuvants dominate the global agriculture adjuvants market. Surfactants are one of the important segments of Adjuvants Market and is further classified as Ionic, non-ionic, and amphoteric. Mostly, non-ionic surfactants are used for agricultural adjuvants. There is huge demand for such products in the market. There are some surfactants that are bio-based and environment friendly. The bio surfactants use renewable biological materials as substrate from which surfactants are extracted by microbial fermentation action. The raw materials used for the synthesis of bio-based surfactants have a wide range and are same as those required for chemically manufactured bio-based surfactants.
The application of Herbicides adjuvants dominates the market. Herbicide adjuvants are chemical formulation that lowers the surface tension of water in the spray mixture, increase sticking, dispersing, spreading, absorbing, and pest penetrating properties of the spray solutions on target surface area of crop. These chemicals improve area of contact with the waxy leaf surface, which increases the spreading of the solution. Non-ionic surfactant and oil based surfactant adjuvants perform better with herbicides.
The market is fragmented and has medium competition among market players. The leading players of this industry are 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 Croning (U.S.), Croda Chemicals (India), Tanatex Chemicals (Europe), Helena Chemical Company (U.S.) and others.
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