Agrochemical Intermediates Market

Global Agrochemical Intermediates Market Size (2024 to 2029)

The global agrochemical intermediates market size is expected to reach USD 3.89 billion in 2024 and reach USD 4.99 billion by 2029, growing at a CAGR of 5.1% from 2024 to 2029. 

CURRENT SCENARIO OF THE GLOBAL AGRICULTURE INTERMEDIATES MARKET

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.

MARKET DRIVERS:

The growth of the agrochemical intermediates market is mainly driven by the increasing global population. As the population continues to boom, it puts more pressure on the farmers to produce more per hectare. This promotes the use of chemical substances for boosting productivity and also minimizing 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.

REPORT COVERAGE:

REGIONAL ANALYSIS

The agrochemical intermediates market was dominated by North America in 2016, with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in the coming years.

KEY PLAYERS IN THE GLOBAL 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.

DETAILED SEGMENTATION OF THE GLOBAL AGROCHEMICAL INTERMEDIATES MARKET INCLUDED IN THIS REPORT

This research report on the global agrochemical intermediates market is segmented and sub-segmented based on product, Type, and Region.

By Product:

• Alkylamines
• Amines
• Aldehydes
• Acids

By Type:

• Insecticides
• Herbicides
• Fungicides

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa