Key Players in the Agricultural Surfactants Market
by Mit K. SEOThe agricultural
surfactants market is projected to reach USD 1.88 Billion by 2022,
growing at a CAGR of 6.46% from 2017. The growth of the agricultural
surfactants market is driven by factors such as the growing demand for
agrochemicals and the adoption of precision farming & protected
agriculture.
Key players in the agricultural surfactants market
include DowDuPont (US), BASF (Germany), AkzoNobel (Netherlands), Evonik
(Germany), and Solvay (Belgium). Huntsman Corporation (US), Nufarm (Australia),
Clariant (Switzerland), Helena Chemical Company (US), Croda International (UK),
Stepan Company (US), and Wilbur-Ellis Company (US) are a few other key market
players who also hold a significant share of the agricultural surfactants
market.
DowDuPont produces and sells
a wide range of products through its business units that include agriculture,
materials science, and specialty products, globally. The company operates
through eight segments-agriculture, performance materials & coatings,
industrial intermediate & infrastructure, packaging & specialty
plastics, electronics & imaging, nutrition & biosciences,
transportation & advanced polymers, and safety & construction. The
agriculture segment has a diverse worldwide network that markets and distributes
the companys brands to customers, globally.
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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
its products & services to diversified markets through segments such as
agro, feed & food; automotive & aerospace; building & construction;
consumer goods & healthcare; electrical & electronics; resources &
environment; and industrial applications. It offers surfactants through its
agro, feed & food segment. The company has offices across 58 countries at
139 locations, along with 21 major research and innovation centers across North
America, Europe, Asia Pacific, and South America; this enables it to have a
global market presence. In July 2015, Solvay opened an alkoxylation plant in Singapore,
the largest in Asia. This expansion helped to cater to the growing demand for
specialty surfactants in this region
AkzoNobel is a major producer and distributor of specialty chemicals,
paints, and coatings. The company operates its business through three
segments-decorative paints, performance coatings, and specialty chemicals. The
company offers surfactants through its specialty chemicals segment for oil
& gas, metals & mining, pharmaceutical, and agrochemical industries.
AkzoNobel has a major presence in North America, Europe, South America, and the
Asia Pacific. It has subsidiaries in more than 80 countries and supplies its
products to a large number of business partners. In May 2017, AkzoNobel opened
a new monochloroacetic acid (MCA) plant in Gujarat, India. This new plant would
have the capacity of 35.27 KT/year (32,000 tonnes/year). The demand for MCA is
growing in Asian countries, and it finds applications in agrochemicals,
adhesives, pharmaceuticals, thermo-stabilizers, surfactants, and cosmetics.
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Created on Apr 28th 2020 08:28. Viewed 272 times.