Latin America Agrochemical Intermediates Market

Latin America Agrochemical Intermediates Market Size (2024 to 2029)

The Latin American agrochemical intermediates market size is expected to reach USD 0.30 billion in 2024 and reach USD 0.40 billion by 2029, growing at a CAGR of 5.99% from 2024 to 2029.

Agrochemical Intermediates are widely used to manufacture pesticides such as insecticides, herbicides, and fungicides. Common examples of agrochemical intermediates are 2-Chloro-5-Chloro Methyl Pyridine, Diethyl Phosphorochloridothionate, 2-Chloropropionic Acid, 4-Fluorotoluene, and 2-Chloro-6-(Trichloromethyl) Pyridine.

With a growing world population, emerging environmental concerns, and unforgiving climate changes the agricultural industry is being challenged to develop innovative and targeted solutions to help ensure the success of crops, livestock, and the land itself. To meet these demands several additives derived from agricultural intermediates are thrown into the fray.

The growth of the agrochemical intermediates market is mainly driven by the increasing Latin American population. As the population continues to boom, more pressure is being put on the farmers to produce more per hectare. This promotes the use of chemical substances to boost productivity and minimize crop loss to the elements and pests. The favorable government policies and technological advancements are further boosters for market growth. In spite of the above drivers, the market continues to be hampered by factors such as high prices, ecological concerns, and lack of consumer awareness.

SEGMENT ANALYSIS

Latin America Agrochemical Intermediates Market Analysis By Product

• Alkyl amines
• Amines
• Aldehydes
• Acids

 Latin America Agrochemical Intermediates Market Analysis By Type

• Insecticides
• Herbicides
• Fungicides

COUNTRY ANALYSIS

• Brazil
• Argentina
• Mexico
• Chile
• Rest of Latin America

The Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. Inspite of having only a minor market share, the CAGR of the region is the second-highest globally only behind Asia-Pacific. This market is one that shows promise in the coming years.

KEY PLAYERS IN THE LATIN AMERICAN AGROCHEMICAL INTERMEDIATES MARKET

The Agrochemical Intermediates market is highly competitive with a large number of players. Key market players dominating the market with their products are RohnerChem, Eastman, Arkema, AGC, Lonza, Sugai Chemical, Kuraray, BASF, Evonik, Air Water, Astec, WeylChem Group, DPx Fine Chemicals, Mitsubishi Corporation, and Sudarshan Chemical.