Global Thiophanate Methyl Market, By Active Ingredients (Azoxystrobin, Boscalid, Chlorothalonil, Cya

Published Date: | Report Code : CH1958352

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Thiophanate Methyl Market growth is expected to gain high momentum during the forecast period due to increasing demand for fungicides in major applications such as vegetable and fruit crops and in ornamental and turfgrass.Fungicides are chemical compounds with biocidal properties that are used to impede fungal growth and spores. Methyl thiophanate is a chemical compound that is used as a fungicide. Dimethyl 4,4-(O-phentlene)bis(3-htioalloph-Anate) is the chemical designation of thiophanate methyl. 

Methyl thiophanate is a white, odorless powder. Methyl thiophanate is a fungicide used in a broad range of vines, root crops, and trees. In addition, on ornamentals and lawns, suburban homeowners may use thiophanate methyl. The formulations of thiophanate methyl include granular, low concentration, dust, granular water dispersible, and wettable powder. Chemigation, aerial or ground equipment could be used to apply thiophanate methyl. Soil drench, channel, and transmission are included in the ground equipment. This machinery for purple budwood, trimmed leaves, and nursery stock is used as a plunge therapy. In addition, thiophanate methyl is used for processing potato pieces and peanuts for seed treatment. 

The thiophanate methyl market was motivated primarily by enormous demand from emerging nations for crop safety chemicals. Developed countries focus on maximizing agricultural output from existing arable land. ⠀Thiophanate methyl may be used to manage, among others, fungi such as eyespot, Gloeosporium rust, Monilia spp, Sclerotinia, and Botrytis spp. Thiophanate methyl, among other things, also protects the crop from leaf spot on oil-seed. Thiophanate methyl is also used in pecans, almonds, coffee, soybeans, and groundnuts, along with other applications.

The Asia Pacific was the leading region in the market for thiophanate methyl in 2018 in terms of demand. The Asia Pacific region's market for thiophanate methyl was led by China, India, and Japan. High-quality yield demand is one of the major drivers behind market growth in recent years. North America is regarded as a saturated market for thiophanate methyl, but there is anticipated to be increased competition from ornamental and turf gardening. In 2018, the U.S. caused the demand for methyl thiophanate. Europe had the fifth-biggest percentage of thiophanate methyl in 2018 in terms of demand. Western European nations such as Spain, Portugal, and Italy had the biggest requirement in this region for thiophanate methyl due to the enormous demand for increased yield crops. Central Europe and Russia, however, will in the foreseeable lifetime have a greater market share for thiophanate methyl. Rest of the World had the lowest requirement for thiophanate methyl in 2018; however, in the close future, the region is expected to demonstrate optimistic for the methyl thiophanate industry.

Key Factors Impacting Market Growth:
    • Rising population leading to an increase in food production
    • Increasing demand for fungicides in major applications such as vegetable and fruit crops and in ornamental and turfgrass
    • Rising concerns about the toxic nature of fungicides

Regional Analysis

On the basis of the region, the thiophanate methyl market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe is some of the major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing the number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. 

Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.  The Asia Pacific and the Middle East are expected to register substantial growth in the thiophanate methyl market during the forecast period. This demand is with regard to the growth of major end-use industries including Industrial, Marine, Automotive, Building & Construction, and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the thiophanate methyl market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the thiophanate methyl market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Troy Corporation, Biostadt India Limited, Bessen Chemical Co. Ltd., SinoHarvest, The Dow Chemical Company, and Microflow...

Market Segmentation:
By Active Ingredients:
    • Azoxystrobin
    • Boscalid
    • Chlorothalonil
    • Cyazofamid
    • Etridiazole
    • Fenarimol
    • Fludioxonil
    • Fluoxastrobin
    • Flutolanil
    • Fosetyl-Al
    • Triadimefon
    • Trifloxystrobin
    • Triticonazole
    • Vinclozolin

By Crop Type:
    • Cereals
    • Grains
    • Pulses
    • Oilseeds
    • Vegetables
    • Fruits
    • Others

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Active Ingredients
        ◦ By Crop Type
    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
        ◦ By Active Ingredients
        ◦ By Crop Type
    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Active Ingredients
        ◦ By Crop Type
    • Asia Pacific
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
        ◦ By Technology
        ◦ By End User Industry
    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
        ◦ By Active Ingredients
        ◦ By Crop Type
    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Active Ingredients
        ◦ By Crop Type

Reasons To Buy This Report:
    • Market size estimation of the global thiophanate methyl market on regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

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