LOS ANGELES, Jan. 16, 2019 (GLOBE NEWSWIRE) -- As per a new report by QY Research, titled “Global Chlorantraniliprole Sales Market Report 2018,” the global chlorantraniliprole market is expected to expand at a moderate CAGR of 4.4% during the seven-year forecast period 2018-2025. By the end of 2025, the market is expected to attain a valuation of US$ 2,120 Mn. In 2017, it was valued at a US$ 1,500 Mn.
The Chlorantraniliprole Market Report covers different chlorantraniliprole products and their application on the basis of various factors such as consumption and market share. It discusses the future of the global chlorantraniliprole industry in great detail. The market is expected to show a certain amount of growth in the near future.
Global Chlorantraniliprole Market: Drivers
Chlorantraniliprole (DPX-E2Y 45) is an innovative insecticide called as anthranilic diamide that is known to be included in a group of compounds, which work on ryanodine receptor (Group 28). Chlorantraniliprole can be categorized as a compound with very low toxicity to aquatic and terrestrial vertebrates. It is likely to cause very limited adverse effects when used in aquatic and terrestrial plants. Such properties of chlorantraniliprole are anticipated to boost the demand in the global market.
Introduction of new products by leading companies such as DuPont is predicted to catapult the growth of the global chlorantraniliprole market. Rynaxypyr is currently one of the bestselling and most effective active ingredients used for fighting chewing pests. It is patent-protected until 2021.
Global Chlorantraniliprole Market: Forecast by Product and Application
Approximately 30% of the production is used for the rice industry. Soy and vegetable and fruits accounted for 22% and 24% of the total consumption share in terms of volume.
By product, the report focuses on the revenue, production, market share, price, and growth rate of all the segments that the market is primarily divided into: chlorantraniliprole mixtures, suspension concentrate, water dispersible granules and others.
By application, the report focuses on the current market situation and outlook for major applications in relation to growth rate, market share, sales volume, and other factors. The segments studied are corn, vegetables and fruits, soy, rice, and others.
Global Chlorantraniliprole Market: Forecast by Region
The report on the global chlorantraniliprole market focuses on important countries and regions, viz. India, Southeast Asia, Japan, China, Europe, and the U.S.
In 2017, the global chlorantraniliprole market was led by South America. North America became the second largest market. Currently, the major producers of chlorantraniliprole are concentrated in the U.S. and Brazil.
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Global Chlorantraniliprole Market: Competitive Analysis
The global chlorantraniliprole market is mostly dominated by large corporations that are aggressively expanding through acquisitions. These players are creating an opportunity for themselves to come up with a wide range of agricultural products such as seeds and insecticides. In the recent years, there have been a number of major mergers and acquisitions witnessed in the market. Prominent companies keep up their good work in the market through mergers and acquisitions. The future looks quite bright for the global chlorantraniliprole market.
Global Chlorantraniliprole Market: The Key Players
Here are some of the leading names of global chlorantraniliprole market: Shanghai Lvze, Jiangmeng Daguangming Agrochemical, Sinon Chemical, Shanghai Shengnong Pesticide, Syngenta, and DuPont (FMC).
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