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Glufosinate Market Growth By Regional Analysis (America, Europe, Asia Pacific, and Middle East & Africa) Growth Opportunity and Industry Forecast 2023-2030

ID : MRU_128262 | Date : Feb, 2023 | Pages : 168 | Region : Global

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Glufosinate, also known as Glufosinate Ammonium, is an organic compound with the chemical formula C5H15N2O4P. It was first brought to market in 1984, and is widely used on control weeds in more than 100 crops in 82 countries around the world. The main application of Glufosinate is the production of herbicide. As a broad-spectrum herbicide, Glufosinate acts against a wide range of annual and perennial broadleaf weeds and grasses. This also includes difficult-to-control glyphosate-resistant weeds such as amaranthus, lolium, conyza and malva. Currently, with the features of high efficiency, low toxicity and easy decomposability, Glufosinate gains great attention.
The manufacture process of Glufosinate is a vital part. All China manufacturers produce through Grignard - Straker law method. The raw materials are mainly triethyl phosphite and phosphorus trichloride. The average yield of this process is 39%-42%. 8 to 13 steps are needed in the production, and large amount of waste water is produced during production. The production process of Bayer is more advanced. The major raw material is methyl phosphonic dichloride, and average yield is 92% within three steps. Consequently, the technology of Glufosinate is a key factor for the production and price of Glufosinate.
The price of Glufosinate fluctuates with the market demand and production capacity. Before 2007, Bayer monopolized the Glufosinate market and the market price of this product had kept high for many years. Recent years, as the entry of China manufacturers and capacity expansion of Bayer, the production amount of Glufosinate has been rocketing, as a result of which, during 2015 and 2016 the decreasing of Glufosinate price has been significant. For the past two years, as no significant capacity expansion and demand rise in international market, the market of Glufosinate has warmed back with current price of 95% TK at 33734 USD/MT.
The export and import business of Glufosinate is frequent, with China and USA the major export country. With capacity expansion and new competitor entry, the global supply of Glufosinate would be lifting for a long time. However, the market is still very promising, as the market space of Glufosinate is also growing at fast speed.

The report offers detailed coverage of Glufosinate industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Glufosinate by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Glufosinate market to grow to reach xxx Million USD in 2023 with a CAGR of xx% during the period 2023-2030.

First, this report covers the present status and the future prospects of the global Glufosinate market for 2018-2030.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Bayer CropScience
Lier Chemical
Zhejiang YongNong
Jiangsu Huifeng
Veyong
Jiangsu Huangma
Jiaruimi
At the same time, we classify Glufosinate according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
95%TC
50%TK
Market by Application
Herbicide
Insecticides and fungicides
GM crops
Desiccant

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Glufosinate market for the forecast period 2023 - 2030?
• What are the driving forces in the Glufosinate market for the forecast period 2023 - 2030?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Glufosinate industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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