Global Crop Protection Chemicals Market Will Reach USD 71.3 Billion in 2018: Transparency Market Research

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Albany NY (March 19, 2013) (CULRAV.ORG) -

According to Transparency Market Research (www.transparencymarketresearch.com) “Crop Protection Chemicals Market – Global Industry Size, Market Share, Trends, Analysis and Forecast, 2011 – 2018,” the global crop protection market was worth USD 48.0 billion in the year 2011 and is expected to reach USD 71.3 billion by 2018, growing at a CAGR of 5.4% from 2011 to 2018. Herbicides formed the largest category in the overall crop protection market, contributing about USD 19.9 billion for the year 2011.

 

Browse the full report at http://www.transparencymarketresearch.com/crop-protection-market.html

 

Herbicides, fungicides and insecticides are the foremost product segments in the global crop protection market. The herbicides market will experience both the highest growth rate as well as highest volume traded in the next six years. The expected growth rate of herbicides for the given period is computed to be 6.1%, which is followed by fungicides with 5.6% of growth rate over the year 2011 to 2018.Transparency Market Research

 

The major influencing factors in the crop protection market are shrinking arable land, the paradigm shift in farming practices, increased purchasing power and the resultant improvement in the standard of living. Pesticides protect the plants from various weeds, nematodes and fungus, thus raising the yield production. Increased awareness for crop protection in developed nations like the U.S, better and effective utilization of pesticides along with adoption of high end technologies are key growth drivers for the market.

 

 

Asia Pacific accounted for majority of the global crop protection market in 2011 and is expected to do so till 2018; however Latin America and North America markets are expected to grow at a higher rate. Key market players profiled in the report include Bayer, Syngenta, BASF, Dow Agroscience, Monsanto, Dupont, Makhteshim Agam, NuFarm, Sumotomo Chemicals and  Arystya Lifescience.

 

This research is specially designed to estimate and analyze the demand and performance of pesticide products across the globe. The research provides in-depth analysis of crop protection product manufacturers, product sales, trend analysis by segments and demand by geography. The report covers all the major product segments of the global crop protection market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered.

Related Report:

Rare Earth Metals (Lanthanum, Cerium, Neodymium, Europium, Yttrium, Scandium, Terbium & Other Key Elements) Market – Global Industry Analysis, Applications (Magnets, Catalysts, Metallurgy, Phosphors, Ceramics & Others), Size, Share, Growth, Trends and Forecast, 2012 – 2018

http://www.transparencymarketresearch.com/rare-earths.html

Rare earth metals are a group of 17 elements with similar chemical structures with distinct properties. They are used in a wide range of electronic items and in fluorescent bulbs. Hybrid vehicles also use various rare earth metals. The growing demand from these industries is boosting the market for rare earth metals.

The global demand for rare earths was estimated to be over 140 kilo tons in 2010 and is expected to grow at a CAGR ranging from 10% to 10.5% from 2012 to 2018. The mechanical and metallurgical industry is the leading consumer of rare earth metals and accounts for approximately 32% of the total rare earth metals consumed in various markets. The mechanical and metallurgical industry is followed by glass and ceramics, chemical, energy and electronics, optics, and optoelectronics industries. Energy is expected to be the fastest growing segment for rare earths at a CAGR of over 17% from 2012 to 2018.

The market is primarily driven by the technological advancements in electronics and automobile industries which influence the usage of rare earth metals. However, the growing concerns regarding the impact of production, refining and recycling of rare earth metals on the environment are expected to hinder the market.

China is the leading supplier of rare earth metals and accounts for approximately 95% of the global production. In 2010, the Chinese government restricted the export of rare earth metals to 40% in order to gain the price advantage as the global prices surged to a record level following this announcement from the Chinese government. However, this gave other producers around the globe a chance to boost their production. In the twentieth century, U.S., India, Brazil, and South Africa were among the top producers of rare earth metals until China, in 1980, decided to heavily increase its production and became the leading producer of rare earth metals.

Some of the key participants in the global market include AGC Seimi Chemical, Arafura Resources, China Minmetals, China Rare Earth Holdings, Ferro Corporation, Indian Rare Earths, Mitsui Mining and Smelting, Molycorp, Rhodia and so on.

 

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Nitin Sirsat
Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. Author: Nitin @ Nitin

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