Acaricides form a necessary part of the crop protection chemical industry. Acaricides such as organochlorine, organophosphorus, natural-source, others are used to protect animals from harmful species such as ticks and mites. They help in the healthy growth and development of animals and crops by protecting them from infectious diseases. The market for acaricide chemicals is growing due to the launch of several new products. Investments made by Chemtura Corporation (U.S.) and Syngenta (Japan) contribute to the expansion of the acaricides industry. The Asia-Pacific region and Europe are estimated to be the growing markets, and such growth helps in increasing the demand and availability of acaricides in the global market.
The Asia-Pacific market of acaricides is growing at a significant rate owing to the increasing economy of the countries and increasing per capita consumption of meat, crops, and dairy products in the region .The European acaricides market is quite developed and is projected to grow at a higher rate as compared to that in North American countries. Companies such as BASF SE (Germany), Dow Chemical(U.S.), Bayer AG (Germany), and Merck & Co Ltd. (U.S.) are strengthening their portfolio by launching new innovative acaricide products. They also use investments and expansions as strategies to further penetrate the market.
Acaricides Market by Type (Organochlorine, Organophosphorus, Natural Sources, and Others), by Application (Agriculture, Animal Husbandry, Industrial, and Others), by Mode of Action (Spray, Dipping Vat, Hand Dressing and Others) & Geography - Trends & Forecasts to 2019
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