Bifenthrin
is a chemical compound used as an insecticide. Bifenthrin is a
pyrethroid insecticide largely used against red imported fire ants.
In addition, bifenthrin is effective against insects such as worms,
aphids, ants, moths, gnats, grasshoppers, beetles, midges, mites,
ticks, spiders, maggots, yellow jackets, caterpillars, thrips, flies
and fleas. Bifenthrin is typically used in nurseries, orchards and
homes. The global bifenthrin market is mainly driven by the
agriculture sector across the world. The increasing need for better
yield due to decreasing arable land and rapidly rising world
population is anticipated to fuel the demand for insecticides across
the globe. In the agricultural industry, bifenthrin is used
extensively for the protection of crops such as corn. The growing
demand from nurseries, orchards, homes and agriculture industry is
expected to drive the global bifenthrin industry in the next few
years.
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Bifenthrin
is pale tan to off-white in color and can be crystalline, waxy solid
or viscous liquid. Bifenthrin has a weak, aromatic odor. Insecticide
products containing bifenthrin are used on cotton, cereals, corn,
alfalfa, hay, specific fruits, grass seed, ornamentals, and
vegetables. The rising demand in the cultivation such a wide range of
plants is predicted to drive the global bifenthrin market in the next
few years.
Asia
Pacific is expected to be the fastest growing market for bifenthrinin
the next six years. The main reason for this is the growing demand
from emergent countries such as China, India and South East Asian
countries such as Indonesia, Thailand, Vietnam and Malaysia.
Additionally, the countries in the geographies such as Africa, South
America and the Middle East are showing dynamic economic growth since
the last few years. These nations largely include South Africa,
Brazil, Argentina, Jordan, Saudi Arabia, Egypt and Israel. Moreover,
the U.S. and the European economies are gradually recovering from the
economic depression. All such economic, industrial and demographic
factors are ultimately creating a positive prospect for the global
economy. Considering this positive outlook, agriculture related
industries are anticipated to record an astounding growth in the
coming years.
There
is an astonishing market potential for the pesticides industry in the
countries such as China, India, Thailand, Indonesia, Vietnam and
Brazil where the government is focusing on increasing the agriculture
production to meet the growing demand from the rising population. Due
to this, the demand for insecticides such as bifenthrinin in
agriculture, nurseries and orchards is projected to grow at a
noteworthy rate in the next few years. The major insecticides
companies are focusing on these developing economies for tapping
their enormous market potential. The key manufacturers of pesticides
are installing robust production facilities in these growing
countries to fulfill the increasing local demand. Therefore, the
global bifenthrin market is expected to witness a significant growth
in the near future.
Some
of the major companies operating in the global bifenthrin market are
American Vanguard Corporation, Bayer Cropscience AG, Syngenta AG,
Arysta Lifescience Corporation, Chemtura Corporation, BASF SE, Cleary
Chemical Corporation, Cheminova AS, Dow Chemical Company, Drexel
Chemical Company, E.I. Dupont De Nemours and Company, Sabero Organics
Gujarat Ltd., Hokko Chemical Industry Co. Ltd., Isagro SPA, FMC
Corporation, Ishihara Sangyo Kaisha Ltd., Rallis India Ltd.,
Makhteshim Agan Industries, Kumiai Chemical Industry Co. Ltd., Mitsui
Chemicals Inc., Monsanto Company, Nissan Chemical Industries Ltd.,
Nufarm Ltd., Nippon Soda Co. Ltd., Sumitomo Chemical Company Ltd.,
United Phosphorus Ltd. and Wilbur-Ellis Company among others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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