Agrochemical Industry Harness Chlorothalonil as Broad-spectrum Fungicide of Attractive Toxicity Profile

The market for chlorothalonil has grown from strength to strength on the back of rising use as a broad-spectrum, non-systemic, and organochlorine fungicide for more than three decades. It is widely used to treat diseases in potatoes, peanuts, turf, and vegetable and fruit crops. The lower toxicity—low dermal and oral—has led to its widespread application in agriculture industry. In addition, the chlorothalonil market has benefitted from agriculturists and people using it to manage a wide range of other vegetable and orchard diseases, due to its effect in inhibiting numerous enzymatic cell processes. The increasing trend of economically sustainable agriculture has spurred the demand for chlorothalonil.

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Widespread Uptake in Agriculture Industry Spur Revenue Potential

Agrochemical manufacturers are seeing a huge potential in the market for improving the agriculture yield for several crops. They have been attracted by its low toxicity profiles. Advent of nano-pesticides has unlocked a new potential in chlorothalonil market.

Another promising area in the chlorothalonil market is the furniture industry. It is also extensively utilized as an additive in paints, resins, and emulsions. Strides made by the agriculture industry are also bolstering the prospects in the chlorothalonil market. 

Geographically, East Asia and South Asia have been witnessing the vast uptake of chlorothalonil-based in agriculture industry. These regional markets have been fuelled by the rise in demand for chlorothalonil in agriculture industry. Demands are no less lucrative in North America and Europe, but has somewhat matured. Demand for new formulations for preserving furniture and paint industry in all these regions will spur the growth momentum of the market in the next few years.

Globally, widespread demand for better-performing pesticides will expand the avenue for chemical companies in the chlorothalonil market. The drive for innovation will also unleash a new spirit of competition among top players. Some of the well-entrenched players in the market are Syngenta AG, Rallis India Limited, Dacheng Pesticide Co Ltd, Bayer Crop Science Ltd, and ABI Chemicals Germany.

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Chlorothalonil Market Detailed Study Analysis Report

Chlorothalonil, the organic compound is widely used as fungicide. One of the prominent applications of the non-systematic fungicide is in agricultural sector. It is used as pesticide to spray on crops to avoid any diseases and maintain health of crops.

The broad-spectrum aids prevent growth of fungi in trees, agricultural crops, small fruits, vegetables, turf, and ornamentals. Besides, it also controls mold, algae, mildew, bacterial, and fruit rots in cranberry bacteria.

Rapid population growth across the world and rising awareness regarding diseases control are some of the major factors contributing to demand for quality food. This, in turn, is resulting in growth of the global chlorothalonil market.

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Also, the factors are paving enormous business opportunities for the players operating in the market. Moreover, decreasing size of arable land due to urbanization is resulting in the application of effective fungicides.

Applications across Several End-use Industries Promises Demand

Further, chlorothalonil is also used as wood protectant. It helps prevent the wood from decay. Chlorothalonil market is witnessing substantial demand from furniture industry. Growing demand for furniture across the globe has emerged as a prominent driving factor.

Meanwhile, the organic compound has wide application range in paint and leather industry as well. Chlorothalonil is used to protect leather and similar fabric against mildew and mold attacks. Also, it acts as preservative additive in resins, paints, emulsion, and coating. Expansion of coating and paint industry is contributing to growth of the global chlorothalonil market.

Gradual surge in demand for leather products, food, furniture and similar wooden equipment has been resulting in growth of leather, agrochemical, construction, and furniture industry. Owing to expansion of aforementioned end-user industry, the global chlorothalonil market is anticipated to escalate in coming years.

In a recent report published by TMR Research, various factors shaping the global chlorothalonil market, have been focused upon. The report provides detailed insights about key segments, restraining factors, competitive landscape, and general geographical outlook of chlorothalonil market for the forecast period (2019-2029).

Further, growth of agrarian bases economies are likely to propel chlorothalonil market in these regions. To focus towards eliminate loss of agricultural production and enhance the nutritional qualities of food grains are likely to fuel chlorothalonil market in coming years. Moreover, development of nano-pesticides to minimize the effect of pesticide application of environment is predicted to positively impact the chlorothalonil market dynamic.

South Asia and East Asia are exhibiting a considerable demand for pesticide based products. The regional chlorothalonil market is anticipated to witness at substantial rate owing to expansion in agriculture and paint industries in these regions. Furthermore, East Asia is an exporter of chlorothalonil around world. Europe and North America are matured chlorothalonil market. These regional market is likely to grow at a steady rate during the forecast period.

On other hand, outbreak of COVID-19 and lockdown situation across the globe have resulted in disruption in production and supply chain of chlorothalonil market. Owing to disruption, various end-user industries such as furniture, paint, and others have been impacted severely. As a result, the global chlorothalonil market is also witnessing downturn in present time.

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Nevertheless, once the pandemic is over, the market is likely to witness upsurge in demand for chlorothalonil from agriculture sector. This is due to growing demand for nutritious and quality food from the health conscious consumers.

Some of the key players operating in the global chlorothalonil market are ABI Chemicals Germany, AK Scientific Inc., Bayer Crop Science Ltd, Dacheng Pesticide Co Ltd, Gfs Chemical Inc, Rallis India Limited, Syngenta AG and among others.