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The 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.
The market, based on type, has been segmented into non-ionic, anionic, cationic, and amphoteric. The non-ionic segment occupied the largest share in the market as most agricultural surfactants are non-ionic and are used for general wetting and spreading. Additionally, non-ionic surfactants are usually sold for being added to herbicide spray solutions. These surfactants are good dispersing agents, stable in cold water, and are less toxic to both plants and animals.
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The market for agricultural surfactants, by application, has been segmented into herbicides, fungicides, insecticides, and others (fertilizers, micronutrients, biostimulants, disinfectants, biocides, plant regulators, and other crop protection chemicals such as nematicides and acaricides). Agricultural surfactants are almost always present in herbicide treatment solutions with the aim to improve spray droplet retention on and penetration of active ingredients into plant foliage. Hence, this application dominated the market in 2017.
The North American region accounted for the largest share due to the presence of players such as DowDuPont (US), Huntsman Corporation (US), Helena Chemical (US), and Stepan Company (US). Moreover, the presence of these companies in technologically advanced countries such as the US and Canada results in an increase in the adoption of surfactants in agriculture.
The South American region is projected to grow at the highest rate during the forecast period. This growth can be attributed to the increasing need for high-quality surfactants for the agricultural application.
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