Overview of the global Chlorpyrifos market
Chlorpyrifos Market is an organophosphate insecticide, acaricide and miticide made from white or colorless crystals and applied to a range of crops including corn, cotton, wheat and others to control insect pests. Chlorpyrifos has been used as a pesticide in both agricultural and non-agricultural settings since 1965.
By inhibiting acetylcholinesterase, chlorpyrifos affects the nervous system of insects, pests, fleas, termites and mosquitoes, increasing the demand for chlorpyrifos from the agricultural and animal care industries. Because chlorpyrifos is used extensively in more than 100 countries around the world, it has become the most widely used organophosphorus insecticide.
Global Chlorpyrifos Market: Trends and Constraints
The global Chlorpyrifos market is forecast to register at a high CAGR over the forecast period, owing to the increasing demand from the agricultural industry. Because it works so well as a pesticide and insecticide in agriculture and livestock, chlorpyrifos is used much more widely. Chlorpyrifos is also used commercially, for example on golf courses and playgrounds, to combat mosquitoes and other insects. This drives the demand for chlorpyrifos and expands the global chlorpyrifos market.
The global chlorpyrifos market is driven by increasing demand for chlorpyrifos in animal ectoparasiticides as well as new developments driven by R&D activities.
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The Emergency Planning and Community Right-to-Know Act (EPCRA), the Endangered Species Act (ESA), the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), the Cosmetic Act (FFDCA) and the Clean Water Act (CWA) are just a few of the strict state laws and regulations prohibiting the use of chlorpyrifos in a variety of industries. These laws may hamper the growth of the global Chlorpyrifos market.
In humans, at sufficiently high concentrations, chlorpyrifos can block cholinesterase, which can overstimulate the neurological system and cause nausea, dizziness and respiratory paralysis. As a result, the demand for chlorpyrifos as a pesticide may be hampered and the global chlorpyrifos market may be restricted.
Global Chlorpyrifos Market – Segmentation
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Global Chlorpyrifos Market – Region Wise Outlook
The global chlorpyrifos market is segmented into seven regions: North America, Latin America, Western Europe and Eastern Europe, Asia Pacific ex Japan (APEJ), Japan and Middle East and Africa (MEA). APEJ dominates the global chlorpyrifos market by contributing the leading shares in terms of revenue and volume due to the high demand for chlorpyrifos from the agricultural industry.
North America and Western Europe also contribute the significant shares of the global chlorpyrifos market, followed by APEJ in terms of revenue.
Latin America and Japan are expected to register the moderate shares in the global chlorpyrifos market during the forecast period due to its wide applications in commercial and residential sectors. Due to the lucrative market for chlorpyrifos in the region, the MEA and Eastern Europe are expected to grow at a healthy growth rate during the forecast period. Overall, the global Chlorpyrifos Market is forecast to grow at a substantial growth rate during the forecast period, 2016 to 2026.
Global Chlorpyrifos Market – Major Players
The major players in the Global Chlorpyrifos Market are:
- Dow AgroSciences LLC
- Dow Chemical Co.
- Garda Chemicals Ltd.
- Cheminova A/S
- Nanjing Red Sun Group
- Hubei Xiantao Xianlong Chemische Industrie Co., Ltd.
- Shandong Tiancheng Biologische Technologie Co., Ltd.
- Zhejiang XinNong Chemical Co., Ltd.
- Nantong Jinnuo Chemical Co., Ltd.
- Jiangsu Baoling Chemical Co., Ltd.
The research report represents a comprehensive assessment of the market, containing reasoned insights, facts, historical data, and statistically backed and industry validated market data. It also includes forecasts using appropriate assumptions and methods. The research report provides analysis and information by market segments such as geography, technology, and applications.
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The report includes a comprehensive analysis of:
- market segments
- Market dynamics
- market size
- Supply & Demand
- Current trends/topics/challenges
- Competition and companies involved
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- value chain
Regional analysis included
- Nordamerika (USA, Kanada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Western Europe (Germany, Italy, France, Great Britain, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia, rest of Eastern Europe)
- Asia Pacific ex Japan (China, India, ASEAN, Australia and New Zealand)
- Japan
- Middle East and Africa (GCC countries, South Africa, North Africa, Rest of MEA)
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