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Global piperonyl butoxide Market InsightDecember 31, 2021 Comments
The piperonyl butoxide is forecast to crazy increase over the next years. According to the World Knowledge Information (WKI) “Global piperonyl butoxide Professional Survey Report 2021, Forecast to 2026”, Piperonyl Butyl Ether (PBO) has become popular as a synergist for the manufacture of effective pesticide formulations. The organic compound has been widely used in the manufacture of insecticide ingredients, especially topical insecticide preparations for enhancing its insecticidal activity. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 5.92% base on WKI regression analysis model.
“Competition in the global market is fierce, and regional and global companies have created strong market competition. These companies are expected to significantly promote market growth through strategic cooperation, new product launches and technological innovation. It is recommended that companies in the market devote themselves to research and new product development”.said Jennie, Senior analyst, Chemical industry Market Research Center in WKI.
Pesticide and insecticide manufacturers have increasing demand for piperonyl butoxide as a synergist, which is one of the key factors driving market growth. In addition, it is expected that the increase in the use of pesticides in agriculture, indoor plants and gardens will also drive product demand during the forecast period. The increasing demand for piperonyl butoxide from manufacturers of insecticides, anti-mosquito products and veterinary insecticides is also driving market growth.
The price of pesticides containing piperonyl butoxide is much higher than traditional pesticides such as organophosphorus, organochlorine, benzoyl urea, and organosulfur. Farmers mainly use low-cost insecticides because they are equally effective in destroying pests. During the forecast period, the use of this traditional pesticide may hinder the piperonyl butoxide market in the Asia-Pacific region. The various challenges and complexities of producing piperonyl butoxide are also expected to hinder market growth.
The Asia-Pacific piperonyl butoxide (PBO) market is moderately integrated. Leading companies include ENDURA P.IVA, Wujiang Shuguang Chemical Co., Ltd. Endurance race,Suguang Chemical,Yangpu Natural Perfume,Zotye Perfume,Ansi Aromaticsand Sumitomo, Chemical Co., Ltd. Several well-known companies are focusing on digging lucrative channels in these countries such as India and China. Top companies may integrate production capacity and promote business operations to consolidate their position in the regional market. Many participants are also signing long-term contracts to gain a better foothold in the regional market.
Segmentation of Piperonyl Butoxide Market:
Piperonyl Butyl Ether is a white inorganic compound, mainly divided into special grade, A grade and standard grade. Because the higher the concentration, the more significant the insecticidal effect, so special grade is the main type of commercial use.Piperonyl butoxide is mainly used as a pesticide synergist. The end use is indoor home use, garden, agriculture, veterinary medicine, etc. Due to the increase in agricultural production in various regions, piperonyl butoxide has the largest share in agriculture.
Piperonyl Butoxide Market: Regional Analysis
In terms of geography, the global piperonyl butoxide market has been segmented into: North America, Europe, Japan, China and India.It is expected that countries such as India, Japan and China will provide industry participants with a large number of profitable opportunities. Among them, China dominates and is expected to increase at a major compound annual growth rate during the forecast period. The growing demand for food is a key trend in which China’s demand for PBO is dominant. The growth of this market will be driven by the amazing application of crop protection chemicals aimed at increasing agricultural production during the forecast period. The other regional parts are the Association of Southeast Asian Nations (ASEAN) and the rest of the Asia-Pacific region.
Largest share area：Asia
Largest share country：China