Global Penoxsulam Market Is Anticipated to Reach Us$ 355.6 Mn in 2020, Expanding at a Cagr of 5.1% by 2020

Transparency Market

Research

Penoxsulam Market for Rice, Aquatics and Other

Applications - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast, 2014 - 2020

Published Date

16-Jan-2015

37 Page Report

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Press Release

Global Penoxsulam Market: Looming Patent Expiry

Threatens Market’s Expansion, but Creates Scope for Entry

of New Players, Says TMR

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Penoxsulam Market

REPORT DESCRIPTION

Penoxsulam Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Invented by DowAgroSciences LLC, Penoxsulam is a major rice herbicide used across the world. Hangzhou

Tianlong Biotechnology Co., Ltd., and Shijiazhuang Xingbai Bioengineering Co., Ltd., besides Dow

AgroSciences LLC currently hold dominance in the market’s competitive landscape, finds Transparency Market

Research (TMR) in a new study.

Desirable qualities of penoxsulam such as flexibility in terms of being usable in both terrestrial and aqueous

environments and its ability to protect crop against weed without harming fauna or animals will encourage

farmers to invest in this herbicide. While this may impel growth in the global penoxsulam market, not much

change is likely in the vendor landscape. Besides profiling the aforementioned companies, the report also

profiles other strong contenders in the global penoxsulam market such as Bayer, BASF, DuPont, and

Sumitomo Chemical.

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The global penoxsulam market is projected to expand at a CAGR of 5.1% between 2014 and 2020 to reach

US$355.6 by the end of 2020. The market stood at a valuation of US$253.7 mn in 2013. Regionally, Asia

Pacific dominated the global market with a share of 58.6% in 2013. In terms of crop share,...