North America Agrochemical Intermediates Market

North America Agrochemical Intermediates Market Size, Growth, Trends and Forecast:

North America Agrochemical Intermediates Market was worth USD xxx billion in 2021 and estimated to be growing at a CAGR of xxx%, to reach USD xxx billion by 2026. 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.

Drivers and Restraints of North America Agrochemical Intermediates Market:

The growth of the agrochemical intermediates market is mainly driven by is the increasing North America 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 favourable government policies and the technological advancements are further boosters for the market growth. Inspite of the above drivers, the market continues to be hampered by factors such as high prices, ecological concerns and lack of consumer awareness.

North America Agrochemical Intermediates Market Segmentation:

North America Agrochemical Intermediates Market - By Product:

• Alkyl amines

• Amines
• Aldehydes
• Acids

North America Agrochemical Intermediates Market - By Type:

• Insecticides
• Herbicides
• Fungicides

Based on geography, the North America market is analysed under

• USA
• Canada

The North American market has the largest market share globally inspite of the having a low growth rate in recent years. This is expected as the scope for development in the region is quite low and the entrant of new players into the market is not encouraged by the presence of major market players native to the region.

Major Key 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.