Glufosinate Ammonium Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
21574 | Date :
Jan, 2023 | Pages :
182 | Region : Global |
Publisher : RI
Glufosinate ammonium is an organic compound with the chemical formula C5H15N2O4P. It was first brought to market in 1984, and is wildly used on control weeds in more than 100 crops in 82 countries around the world. The main application of glufosinate ammonium is the production of herbicide. As a broad-spectrum herbicide, glufosinate ammonium 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 ammonium gains great attention.
Glufosinate Ammonium has two models: 95%TC and 50% TK. TK is an abbreviation of technical concentration. TC is an abbreviation of technical material. The active ingredient of 95%TC is 95%min. Most enterprises can offer this product. The active ingredient of 50%TK is 50%min, and supply of TC is limited.
In the world wide, giant players in glufosinate ammonium industry, Bayer and Zhejiang YongNong are leading the whole industry.
Regionally, the production areas of glufosinate ammonium are concentrated in USA, China and EU. China is the biggest production base of glufosinate ammonium, followed by USA. The consumption of glufosinate ammonium is quite separated, with USA, China, EU, Northeast Asia and South America the main regions.
The manufacture process of glufosinate ammonium 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 ammonium is a key factor for the production and price of glufosinate ammonium.
The price of glufosinate ammonium fluctuates with the market demand and production capacity. Before 2007, Bayer monopolized the glufosinate ammonium 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 ammonium has been rocketing, as a result of which, during 2015 and 2016 the decreasing of glufosinate ammonium price has been significant. For the past two years, as no significant capacity expansion and demand rise in international market, the market of glufosinate ammonium has warmed back with current price of 95% TK at 33734 USD/MT.
The Global Glufosinate Ammonium Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
As the report focuses on global Glufosinate Ammonium Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Bayer CropScience
Lier Chemical
Zhejiang YongNong
Jiangsu Huifeng
Veyong
Jiangsu Huangma
Jiaruimi In Market segmentation by geographical regions, the report has analyzed the following regions- North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
95%TC
50%TK In Market segmentation by applications :
Herbicide
Insecticides and fungicides
GM crops
Desiccant
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Glufosinate Ammonium Market for the forecast period 2023 - 2030?
• What are the driving forces in the Glufosinate Ammonium 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 Ammonium 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? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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