is added to vaccines to increase the body’s immunity. Adjuvants are used in various formulations as they have wide range of utility and functions. Adjuvants find application in agricultural industry especially in crop protection chemicals such as insecticides, herbicides and fertilizers. Adjuvants also find prime application in pharmaceuticals industry. The developing technology in agricultural industry is analyzed to augment the demand for adjuvants in the near future. Revenue generated from the sales of adjuvants is analyzed to increase in a moderately high growth rate over the forecast period.
Increasing awareness among the farmers regarding the agricultural adjuvants is analyzed to drive the demand for adjuvants in developed countries, which in turn is analyzed to drive the global adjuvants market over the forecast period. The global adjuvants market is analyzed to augment due to increasing demand for advanced agricultural practices in the recent years. The demand for crop protection chemicals is analyzed to increase in the near future, which is analyzed to increase the demand for adjuvants over the forecast period. The growing pharmaceuticals industry is analyzed to drive the global adjuvants market over the forecast period. Revenue generated from the sales of adjuvants is analyzed to increase at a moderate rate over the forecast period. Mergers and acquisition has gained traction in the global adjuvants industry in the recent years. The major players in global adjuvants market have also adopted the strategy of the geographic expansion in order to increase their market share. The global adjuvants market
is classified on the basis of user type as follows agrochemicals (insecticides, fungicides, herbicides, and fertilizers), surfactants, pharmaceuticals, and others.
Lastly, the global adjuvants market is bifurcated by regions as North America, Rest of the World, Asia Pacific and Europe. Asia Pacific is analyzed to dominate the global adjuvants market throughout the forecast period. This is mainly attributed to rapid growth in agricultural industry in India and China. North America and Europe, being mature markets are analyzed to witness sluggish growth over the forecast period. Growing healthcare industry in developed countries is analyzed to augment demand for adjuvants in the forecast period. Middle East and Africa is also analyzed to witness high growth in the global adjuvants market by the end of forecast period. Some of the key players identified in the global adjuvants market include:
- AkzoNobel N.V. (Netherlands)
- Croda International PLC (U.K.)
- Evonik Industies AG (Germany)
- Huntsman Corporation (U.S.)
- Solvay SA (Belgium)
- Helena Chemical Company (U.S.) among others.