2,4-Dichlorophenoxyacetic Market Globally Expected to Drive Growth through 2018 to 2028

Posted on 2021-02-26 by Future Market Insights, Inc in Internet & Online // 0 Comments

2,4-Dichlorophenoxyacetic Acid, also known as 2, 4-D, is a part of the phenoxy herbicides group. It is an organic compound with the molecular formula C8H6Cl2O3. 2,4-Dichlorophenoxyacetic Acid is the most common type of herbicide used in the agriculture sector. It is manufactured by the reaction between chloroacetic acid and 2,4-dichlorophenol in the presence of caustic soda, i.e. sodium hydroxide. Generally, herbicides find application in agricultural practices to maintain plant growth and high productivity. These herbicides find application in agricultural as well as non-agricultural applications such as in lawns, parks, turfs, gardening, golf courses and forestry, among other areas.

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2,4-Dichlorophenoxyacetic Acid Market: Segmentation

On the basis of crop type, global 2,4-Dichlorophenoxyacetic Acid market can be segmented into:

Agriculture
- Cereals & Grains
- Vegetables
- Oilseed
- Others
Non-Agriculture
- Forestry
- Recreational areas
- Others

2,4-Dichlorophenoxyacetic Acid Market: Regional Outlook

In terms of production & consumption, Asia Pacific dominates the global 2,4-Dichlorophenoxyacetic Acid market as the agriculture sector in the region contributes a significant share to the GDP growth of several countries such as China, India and ASEAN countries. Growth of the agriculture sector, modernisation in farming techniques and increasing adoption of herbicides, fungicides, and insecticides to increase yield are expected to drive the market of 2,4-Dichlorophenoxyacetic Acid in Asia Pacific over the forecast period. In North America, 2,4-Dichlorophenoxyacetic Acid is prevalently used as a herbicide in the agriculture sector.

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The U.S. ranks third in terms of consumption of 2,4-Dichlorophenoxyacetic Acid as a herbicide, and the region is expected to witness decent growth over the assessment period. The Europe 2,4-Dichlorophenoxyacetic Acid market is also expected to register steady growth, while Latin America and Middle East & Africa (MEA) are expected to register slow growth over the forecast period.

2,4-Dichlorophenoxyacetic Acid Market: Market Participants

Some of the major players identified across the value chain of the global 2,4-Dichlorophenoxyacetic Acid market include:

Aero Agro Chemical Industries Limited
DowDupont
BASF SE
Monsanto Company
TCI Chemicals (India) Pvt. Ltd
Kenvos Biotech Co., Ltd.
Nufarm Ltd
Mercator Pharma
Cayman Chemical

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The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
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Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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