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Market Leader - Agricultural Adjuvants Market

The agricultural adjuvants market is projected to reach USD 4.04 billion by 2023, at a CAGR of 5.24% from 2018. The growth of the agricultural adjuvants market is driven by factors such as the growing demand for agrochemicals and the adoption of protected agriculture technologies.

Key players in the agricultural adjuvants market include DowDuPont (US), Solvay (Belgium), Evonik Industries (Germany), Nufarm (Australia), and Croda International (UK). BASF (Germany), Akzonobel (Netherlands), Huntsman Corporation (US), Helena Agri-Enterprises (US), Wilbur-Ellis (US), Stepan Company (US), Clariant (Switzerland), and BRANDT (US) are some of the other players who also hold a significant share of the agricultural adjuvants market.

DowDuPont manufactures and sells a wide range of products through its business units which include agriculture, materials science, and specialty products, globally. Adjuvants are marketed by the company within its crop defense chemicals line under its industrial intermediates and infrastructure business segment. The company focuses on the development of surfactants, majorly non-ionic surfactants with its Tergitol and Triton product lines. DowDuPont also provides non-chemical surfactants such as methylated seed oil through its product, Ecosurf. Being one of the leaders in crop protection chemicals, the company has a large consumer base for agricultural adjuvant products and is hence one of the global market leaders.

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Solvay is a chemical and advanced materials company and is involved in delivering innovative sustainable products and solutions. The company offers surfactants through its agro, feed & food segment. The company offers multiple adjuvants which include, surfactants, dispersing agents, and tank-mix adjuvants. The company has a wide range of products and diversified business operations that help serve a large customer base. Solvay focuses on enhancing its market presence in the agricultural adjuvants market through expansions and acquisitions. For instance, it opened an alkoxylation plant in Singapore in 2015 to strengthen its position in the surfactants market worldwide, especially in Asia Pacific and South America.  

AkzoNobel is a major producer and distributor of specialty chemicals, paints, and coatings. AkzoNobel has a major presence in North America, Europe, South America, and Asia Pacific. It has subsidiaries in more than 80 countries and supplies its products to a large number of business partners. The company offers a wide range of adjuvants, which include surfactants, dispersing agents, emulsifiers, drift control agents, and solvents. The company has been instrumental in developing eco-friendly products, which establishes it in a better position than its competitors. The company recently sold its specialty chemicals business segment to the asset management companies—The Carlyle Group and GIC, and this takeover has become fully effective from April 2018. The new stakeholders are expected to expand this business in specialty chemicals in different regions and market applications.

Related Reports:

Agricultural Adjuvants Market by Function (Activator and Utility), Chemical Group (Alkoxylates, Organosilicones, and Sulfonates), Application (Herbicides, Fungicides, and Insecticides), Formulation, Crop Type, and Region - Global Forecast to 2023

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