Europe's agrochemical intermediates market is expected to reach USD 73.38 billion in 2024 and reach USD 84.68 billion by 2029, growing at a CAGR of 2.90% 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 pyridine, Diethyl Phosphorochloridothionate, 2-chloropropionic Acid, 4-fluoro toluene, 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 European 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.
This research report on the Europe agrochemical intermediates market is segmented and sub-segmented into the following categories.
Europe Agrochemical Intermediates Market - By Product:
Europe Agrochemical Intermediates Market - By Type:
Europe Agrochemical Intermediates Market - By Country:
The European region has the second-highest market share globally only behind the likes of North America, albeit with a low CAGR rate. The low growth rate of the region can be attributed to the fact that most countries in the region are at their pinnacle of development and the room to grow is fast decreasing.
KEY MARKET PLAYERS:
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.
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