HOME › Research Insight › Key Strategies Such as Acquisitions, New Product Developments, and Expansions Were Adopted by the Prominent Players in the Agricultural Adjuvants Market
Key Strategies Such as Acquisitions, New Product Developments, and Expansions Were Adopted by the Prominent Players in the Agricultural Adjuvants Market
Key players in the agricultural adjuvants market include Dow Chemical Company (U.S.), Akzonobel N.V (The Netherlands), Evonik Industries (Germany), and Solvay S.A (Belgium). Other players include Huntsman (U.S.), Wilbur-Ellis Company (U.S.), Nufarm Ltd. (Melbourne), Croda International Plc. (U.K.), and Helena Chemical Company (U.S.) also attains strong position in the global agricultural adjuvants market.
Key strategies such as acquisitions, new product developments, and expansions were adopted by the prominent players in the agricultural adjuvants market. These players invested in R&D capabilities to offer diversified product portfolios to match with new generation pesticide products and to strengthen their market position. Mergers & acquisitions formed a key strategy for the industry players to achieve growth and expand their presence in the global agricultural adjuvants market. This strategy accounted for a share of 45% of all the developments from January 2011 to June 2016.
Strategic expansions, high-value acquisitions, and new product developments were the core strengths of the leading players in this market. These core strengths helped the players to diversify their businesses geographically and strengthen distribution networks. Market leaders such as The Dow Chemical Company (U.S.), Akzonobel N.V (The Netherlands), Evonik Industries (Germany), and Solvay S.A (Belgium) have successfully tapped the potential markets through expansions and acquisitions. The companies focused on offering a wide range of innovative products for various applications to cater to the large customer base across the world.
In 2013, Solvay S.A. acquired the specialty chemical assets of ERCA Quimica Ltda (Brazil). This acquisition helped the company to increase its production capacity of surfactants in Brazil. The increased production would help in meeting the increasing demand of surfactants by the agrochemicals market in Brazil.
Evonik Industries merged with the leading specialty surfactants provider, Evonik Goldschmidt Corporation (U.S.). This approach widened the product portfolio of the company and strengthened its brand image.
BASF SE (Germany) expanded its R&D capacity by investing in the Agricultural Research Center in Pune, India in 2015. The research center would focus on global agricultural research on herbicides, fungicides, and insecticides. This expansion was aimed at helping the company to strengthen its position in Asia-Pacific, which is one of the emerging markets.
Agricultural Adjuvants Market by Type (Activator & Utility), Application (Herbicides, Fungicides, and Insecticides), Crop-Type (Cereals & Oilseeds and Fruits & Vegetables), & by Region - Global Trends & Forecast to 2021
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