Latin America Agrochemical Intermediates Market

Latin America Agrochemical Intermediates Market Size, Growth, Trends and Forecast:

Latin America Agrochemical Intermediates Market was worth USD xxx billion in 2021 and estimated to be growing at a CAGR of xxx%, to reach USD xxx billion by 2026. Agrochemical Intermediates are widely used to manufacture pesticides such as insecticides, herbicides, and fungicides. Common examples of agrochemical intermediates are 2-Chloro-5-Chloro Methyl Pyridine, Diethyl Phosphorochloridothionate, 2-Chloropropionic Acid, 4-Fluorotoluene, and 2-Chloro-6-(Trichloromethyl) Pyridine.

With a growing world population, emerging environmental concerns, and unforgiving climate changes the agricultural industry is being challenged to develop innovative and targeted solutions to help ensure the success of crops, livestock, and the land itself. To meet these demands several additives derived from agricultural intermediates are thrown into the fray.

Latin America Agrochemical Intermediates Market Drivers:

The growth of the agrochemical intermediates market is mainly driven by is the increasing Latin American population. As the population continues to boom, it puts more pressure on the farmers to produce more per hectare. This promotes the use of chemical substances for boosting productivity and also minimizing crop loss to the elements and pests. The favourable government policies and technological advancements are further boosters for market growth. In spite of the above drivers, the market continues to be hampered by factors such as high prices, ecological concerns and lack of consumer awareness.

Latin America Agrochemical Intermediates Market Segmentation:

Latin America Agrochemical Intermediates Market - By Product:

• Alkyl amines

• Amines
• Aldehydes
• Acids

 Latin America Agrochemical Intermediates Market - By Type:

• Insecticides
• Herbicides
• Fungicides

Geographical Analysis:

Based on geography, the Latin America market is divided into

• Argentina
• Brazil
• Mexico

The Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. Inspite of having only a minor market share, the CAGR of the region is the second-highest globally only behind Asia-Pacific. This market is one that shows promise in the coming years.

Key Players:

The Agrochemical Intermediates market is highly competitive with a large number of players. Key market players dominating the market with their products are RohnerChem, Eastman, Arkema, AGC, Lonza, Sugai Chemical, Kuraray, BASF, Evonik, Air Water, Astec, WeylChem Group, DPx Fine Chemicals, Mitsubishi Corporation and Sudarshan Chemical.