The piperonyl butoxide (PBO) market in Asia Pacific
is moderately consolidated, with the top three manufacturers –
ENDURA P.IVA, Wujiang Shuguang Chemical Co., Ltd., and Sumitomo
Chemical Co. Ltd. – accounting for a 38.0% share in the market in
2015. Transparency Market Research has observed that the dynamics of
the market are mainly dependent on long term contracts and the
goodwill of companies. Large-scale manufacturers of piperonyl
butoxide with integrated operations possess a competitive advantage
owing to easy access to raw materials and protection from volatility
in the prices of raw materials.
Browse Market Research Report @
India and China present the most lucrative investment
options for players in the PBO market and companies have been
focusing their resources in expanding business operations and
production capacities in these two countries. A case in point would
be ENDURA P.IVA. The company has been collaborating with several
China-based and India-based companies to expand its footprint in Asia
Pacific. In 2014, the company invested US$8 mn in Solex Chemicals
Private Ltd., an India-based company, to manufacture chemicals used
in the production of insecticides.
In terms of revenue the piperonyl butoxide market was
valued at US$10.02 mn in 2015 and is anticipated to reach US$15.45 mn
by 2024 at a steady CAGR of 5.0% therein. The demand, on the other
hand, is projected to expand at a 3.9% CAGR from 2016 to 2024.
Loss of Crops Owing to Pests and Insects Spurs
Demand for Piperonyl Butoxide
“An increasing threat of pest infestation and a
subsequent rise in the adoption of pesticides and insecticides are
the primary factors driving the piperonyl butoxide market in Asia
Pacific,” the author of the study reports. TMR has found that every
year, an estimated 25% of the total crop production is lost due to
the damage caused by insects and pests in Asia Pacific. The climatic
conditions in the region are extremely conducive for insects to
thrive in, especially in the tropical and sub-tropical regions. This
has spurred the demand for crop protection chemicals, consequently
driving the piperonyl butoxide market.
Fill the form for an exclusive sample of this
report @
The growing need for insecticides in food warehouses
is also likely to boost the APAC market in the coming years.
Availability of Low-price Insecticides Threatens
Growth
The prices of insecticides that contain piperonyl
butoxide are much higher than those of traditional insecticides such
as organophosphate, organochlorine, benzoylurea, and organosulfur.
Farmers primarily use low-price insecticides as they are just as
effective in eliminating pests. This use of traditional insecticides
is likely to impede the piperonyl butoxide market in Asia Pacific
during the forecast period.
The various challenges and complexities in producing
piperonyl butoxide are also anticipated to hamper the growth of the
market, TMR finds.
China to Continue its Lead in APAC PBO Market
Presently, carbamate leads the piperonyl butoxide
market in Asia Pacific based on application. Accounting for a 39.3%
share in the PBO market in 2015, the segment is expected to witness
strong growth during the forecast period. Pyrethroid was next in
line, with a 38.4% share that year.
Get Request For Discount On This Report @
Geographically, China was the leading segment of the
Asia Pacific piperonyl butoxide market in 2015 and the country is
expected to retain its lead in terms of volume throughout the
forecast period. TMR analysts have identified China to be the most
attractive regional market in terms of volume growth. “Japan, on
the other hand, is one of the mature markets in the region, with
limited scope for growth,” the analyst states. “The piperonyl
butoxide market in the country is estimated to expand at the slowest
rate among the major countries during the forecast period,” he
predicts.
This review is based on the findings of a TMR report
titled “Piperonyl Butoxide Market - Asia Pacific Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
Piperonyl Butoxide Market, by Application
- Pyrethrin
- Pyrethroid
- Carbamate
- Rotenone
- Others (Including bioallethrin, permethrin, bioresmethrin, and deltamethrin)
Piperonyl Butoxide Market, by Region
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment