Chlorothalonil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Chlorothalonil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Report Digest
Global Chlorothalonil Market: Snapshot
Among other fungicide products such as strobilurin, metalaxyl, and mancozeb, chlorothalonil could be more prominently employed in the industry on account of its effective usages and multiple applications. The global chlorothalonil market is prophesied to gain traction due to extensive applications in the agricultural sector for the protection of crops from various classes of fungi or fungi spores. By bettering the quality of crops, chlorothalonil also helps to improve the amount of crop yields. However, the application of chlorothalonil could differ as per the type of crop.
Growing worldwide population expansively intensifying the demand for quality food is envisioned to promote a handsome growth in the global chlorothalonil market. The demand in the global chlorothalonil market could be significantly helped with on the back of rising worries pertinent to disease control. Vendors operating in the global chlorothalonil market are anticipated to be advantaged by business opportunities birthing from the diminishing size of arable land which calls for the application of effective fungicides. Major industry players could find more opportunities in the global chlorothalonil market with the growth of new organic products.
The global chlorothalonil market is predicted to exhibit backward integration as top companies could consider in-house production of raw material inputs. In order to keep their products up to date and market oriented, companies could look to run testing and research centers, also at a regional level to meet the regional demands of consumers. With a handful of players envisaged to account for a substantial share, the global chlorothalonil market could hold a consolidated nature.
Global Chlorothalonil Market: Overview
Chlorothalonil is an organic compound which is used as a non-systemic, broad spectrum fungicide in the form of mothballs. Its solubility in water is low and volatility is high, due to which it is used to control moths, mold, mildew, bacteria and algae. At high concentrations, chlorothalonil acts as an effective pesticide. Chlorothalonil is used to control crop infestations and as an apparel fumigant. Industrially, chlorothalonil is used to prevent leather and other fabrics from mold and mildew attacks. Additionally, chlorothalonil is used as a wood protecting agent and also as an acaricide.
Chlorothalonil is used as an insect repellant in a wide range of fruit crops and plantations. It is commercially available as an oil suspension and is applied to the base of trees especially for peach tree borer control. Additionally, it is used against powdery mildew, early and late blight and several types of rots and molds. Chlorothalonil is a systemic chemical; it is absorbed by the plants and cannot be washed off. It is commonly known by brand names Daconil, Bravo, and Echo. Chlorothalonil disrupts the enzymatic reactions in cells, leading to the death of insects. It is also widely used on golf courses, lawns, and turfs, and as preservative additive in paints, resins, coatings, and emulsions.
Global Chlorothalonil Market: Key Drivers and Trends
The growth rate of activities in agriculture, construction and woodwork, and leather production has ramped up over the recent past. There is a greatly increasing demand for food, leather products, as well as furniture and other wooden equipment, thereby giving rise to a greater demand for chlorothalonil. The agrarian economies of the world are expected to be the leaders in terms of consumption of chlorothalonil over the coming years as well.
However, the use and manufacture of chlorothalonil is often cited as a serious detriment to the environment as well as human and animal health. This could severely hamper the growth of the global chlorothalonil market over the coming years. Key opportunities in this market are expected to lie in the use of bio-based substitutes that are milder on the environment. Reduction in the cost of manufacture of these bio-based substitutes by players from the global chlorothalonil market is expected to open new doors of business and expansion for them.
Global Chlorothalonil Market: Geographical Analysis
China is the leading producer as well as consumer of chlorothalonil in the world today. This nation uses chlorothalonil as an agro-chemical as well as an additive in paints, and emulsion preservatives. The U.S, Canada, South America and Western Europe are also strong producers of chlorothalonil at the moment.
The chemical is also used extensively in Brazil’s agricultural applications. The flourishing paints and emulsion industry in South America is additionally attributed to the recent growth in the consumption of chlorothalonil from a global perspective. At the same time, other agrarian nations from the Indian subcontinent are likely to become key proponents of the global chlorothalonil market over the coming years.
Global Chlorothalonil Market: Top Companies Mentioned in the Report
The leading names in the global chlorothalonil market to date have been ABI Chemicals, AK Scientific, Angene, Bayer CropScience, Changzhou Wujin Henglong Pesticide Co. Ltd, GFS Chemicals, Finetech Industry, Green Chem Ltd, Hangzhou Uniwise International Co., Ltd, Ltd, Panpan Industry Co. Ltd, Sigma-Aldrich, Zibo Towin Chemical Co., LTD. TCI, and Zhejiang Sega Science and Technology Co. Ltd.
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report