According to TechSci Research report, “United States Agrochemical Intermediates Market– By Region, Competition, Forecast and Opportunities, 2018-2028”, United States Agrochemical Intermediates Market Size is anticipated to increase at a substantial rate in the forecast period. A significant factor fueling the growth of United States Agrochemical Intermediates Market is the rising demand for food and modern farming practice. Agrochemical intermediates are chemical compounds that are used in the synthesis of agrochemicals. Agrochemical intermediates are essential for modern agriculture. They play a crucial role in increasing crop yields, maintaining crop quality, and reducing the environmental impact of agriculture. While the use of synthetic agrochemicals has raised concerns about environmental and human health impacts, ongoing research and development are leading to the development of more sustainable and environmentally friendly agrochemicals.
In addition to this, precision farming involves the use of technology to optimize crop yields and reduce waste. This approach requires the use of precise amounts of agrochemicals, which can only be achieved by specialized agrochemical intermediates. The adoption of precision farming techniques is growing, especially in developed countries, where farmers are looking for ways to increase their efficiency and reduce their costs. As a result, the adoption of precision farming techniques is driving the demand for agrochemical intermediates. Moreover, agrochemical intermediates are extensively used to produce pesticides such as herbicides, fungicides and insecticides. Common examples of agrochemical intermediates are 4-Fluorotoluene Diethyl Phosphorochloridothionate, 2-Chloro-6-(Trichloromethyl) Pyridine, 2-Chloro-5-Chloro Methyl Pyridine and 2-Chloropropionic Acid. The most used agrochemical intermediates among end users are amines, alkylamines, aldehydes and acids which propels the growth of United States Agrochemical Intermediates Market in the forecast period.
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Furthermore, the market is being further stimulated by rising demand for bio-based agrochemical intermediates, rising research and innovation regarding agrochemical intermediates, and growing need for soil enhancement.
However, the high cost of agrochemical intermediates can be attributed to various factors such as developing and refining bio-based or advanced agrochemical intermediates involves significant research, testing, and regulatory approval processes hampers the adoption and integration of agrochemical intermediates into mainstream agricultural practices slows down the growth of United States Agrochemical Intermediates Market. Also, soil pH directly affects nutrient availability by influencing the solubility of essential elements. Agrochemical intermediates undergo chemical transformations that alter nutrient accessibility to plants further slowdown the United States Agrochemical Intermediates Market growth.
United States Agrochemical Intermediates Market is segmented based on product type, application, and region.
Based on product type, the market is divided into amines, alkyl amines, aldehydes, acids, and others. Amines is expected to hold the largest market share in the forecast period with 43.55% in 2023. This growth is attributed to the wide range application, cost-effective, high environmental sustainability and low regulatory compliance required.
Based on application, the market is segmented into herbicides, insecticides, fungicides, nematicides, and others. Herbicides segment is expected to hold the largest market share in the forecast period with 47.31% in 2023. This can be ascribed to the growing agriculture activities, customized solution, innovation opportunities, and favorable government policies.
Major companies operating in the United States Agrochemical Intermediates Market are:
- Dow Inc.
- Eastman Chemical Company
- Noah Chemicals Corporation
- Adama Agricultural Solutions Ltd
- AGC Chemicals Americas, Inc.
- GFS Chemicals, Inc.
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“United States Agrochemical Intermediates Market has seen significant growth in recent years, driven by the increasing use of agrochemical intermediates in the agriculture sector in the production of pesticides, herbicides, and fungicides that help farmers increase crop yields, control pests, and diseases, and improve overall crop quality. Moreover, increasing demand of natural or organic based agrochemical intermediates such as bio-based agrochemicals are derived from natural sources and are perceived to be safer and more environmentally friendly than synthetic agrochemicals. As the demand for bio-based agrochemicals is expected to grow, and this will drive the demand for agrochemical intermediates used in their production as well as bio-based agrochemical intermediates are derived from renewable resources, which means they have a lower carbon footprint and are more sustainable in the long run create huge prospects of market growth during the forecast period” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
United States Agrochemical Intermediates Market, By Product Type (Amines, Alkyl Amines, Aldehydes, Acids, Others), By Application (Herbicides, Insecticides, Fungicides, Nematicides, Others), By Region and Competition, Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of United States Agrochemical Intermediates Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Agrochemical Intermediates Market.”
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