Global Tebuconazole Market Will Reach USD 187 Million by 2026
The global tebuconazole market is expected to grow from USD 155 million in 2019 to USD 187 million by 2026, registering a CAGR of 2.69% from 2019 to 2026.
Tebuconazole is a triazole fungicide used for numerous varieties of farming and landscaping activities for the treatment, protection, and elimination of three functions as well as sterilization of a broad spectrum of crops for long durations. Tebuconazole and myclobutanil are the two most widely used fungicides, both of which comprise of two enantiomers with different fungicidal activity.
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Key Players:
Key players in the market include Shanghai Shengnong Pesticide Co., Ltd., Bayer CropScience, DuPont Crop Protection, Sumitomo Chemical Corporation, Henkel AG & Co. KGAA, Huntsman Corporation (Huntsman International LLC), Kao Corporation, Lion Corporation, P&G Chemicals, Stephan Company, and etc.
Market Driver and Restraint
The Rapid increase in demand for cereals due to changes in dietary patterns is propelling the growth of the tebuconazole market. Moreover, an increase in demand for fruits & vegetables coupled with a rise in demand for exotic and tropical fruits & vegetables is also projected to stimulate this market’s growth. In addition, escalating food security concerns along with the rapidly declining arable land are projected to boost the growth of the tebuconazole market. However, stringent government regulations coupled with the introduction of better alternatives might restrain the growth of the tebuconazole market.
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Forecast by Geography
Based on geography, the global tebuconazole market has been segmented into North America, Asia-Pacific, Europe and others. Asia-Pacific is the global market leader at a share of 81.26%. North America is currently leading Europe with a share of 9.33% and 5.49%. As the Chinese Government has been paying more attention on environment protection in recent years, and the supervision of wastewater treatment in the agrochemical industry has become more stringent, Asia-Pacific is anticipated to account for the largest share of the tebuconazole market in the following years.
Type Segment Analysis
By product type, the tebuconazole market is segmented into Glass Fiber Panels, and Other Fiber Panels.
Application Segment Analysis
Based on application, this market is divided into Corp Fungicide, Seed Treatment, Wood Preservatives, and Others.
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Target Audience:
Tebuconazole manufacturers
Raw material suppliers of tebuconazole
Distributors and resellers of tebuconazole
Product managers, tebuconazole industry administrator, C-level executives of the industries
Tebuconazole industry associations
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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