Global Agricultural Surfactants Market: Overview
A soapy substance that assists to reduce the surface tension of the water is known as surfactants. These substances are used in manufacturing household cleaning and personal-care products. Surfactants may found in shampoos that reduce the surface tension of water and easily spread and move around hair and try to remove the oily layer from hair with dirt. Agricultural surfactant when composed with agrochemicals offer some benefits such as the improved spread of the spray droplets on the leaf surface and increased retention of spray droplets. Agricultural surfactants enhance the efficiency of pesticides. Surfactants are also used in the herbicides that are similar to those used in household cleaning and personal-care products such as hand wash to dish washing.
Global Agricultural Surfactants Market: Segmentation
The global agricultural surfactants market is divided based on applications, type, substrate type, and geography. The application segment includes insecticides, herbicides, fungicides, and others. The type segment is categorized as cationic, anionic, amphoteric, and nonionic. Moreover, the global market is classified based on substrate type as synthetic, and bio-based. Furthermore, the geography segment of the global agricultural surfactants market includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Agricultural Surfactants Market: Growth Factors
The augmenting demand of the agrochemicals is expected to cater to growing demand for agricultural products and hence drives the growth of the agricultural surfactants market. The global market is driven by changing farming practices and adoption of new technologies, which is expected to foster the global agricultural surfactants market growth. In addition, increasing demand for agrochemicals owing to increase in pressure on global food production also enhance the global market in a positive way. Moreover, the potential market in the emerging economies and untapped regions may open up new growth opportunities in the global agricultural surfactants market. Major players in the global market are exploring new regions by adopting new strategies such as expansion & investments, acquisitions, new product launches, partnerships, collaborations, agreements, and joint ventures. This is anticipated to boost the global agricultural surfactants market growth in the near future. Growing demand of bio-based surfactants provides new growth opportunities for the players in the global agricultural surfactants market.
Global Agricultural Surfactants Market: Regional Analysis
North America accounted for the largest market share in the global agricultural surfactants market. Increasing government support for the continued supply of food, biofuel, and feed to the population is anticipated to augment the growth in the global agricultural surfactants market. Europe is the second largest market due to increasing demand for agricultural surfactants and quality products from key players. Asia Pacific emerged as a potential market owing to changing strategies to enter into niche markets such as Thailand, China, and India. This is expected to expand the global agricultural surfactants market in the near future.
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Global Agricultural Surfactants Market: Competitive Players
Key players in the global agricultural surfactants market are Solvay S.A, Akzonobel N.V, The Dow Chemical Company, BASF SE, and Evonik Industries.
Global Agricultural Surfactants Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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