Paraquat is organic compound belongs to the family of redox-active heterocycles of the similar structure known as viologen. Paraquat is a salt most widely used as the herbicide. Paraquat is nonselective and actively acts for killing the green plant tissue. The name of paraquat is derived from the para positions of quaternary nitrogen. Paraquat is the toxic compound that harms human and animals and also causes Parkinson’s disease in human. Paraquat dichloride is the pale yellow crystalline solid with toxic pyridinium compound and used as contact herbicide and desiccant. The contact with paraquat dichloride may cause ill effects on the body such as cracking and peeling of the nails, irritation of the skin. Contact with concentrated solutions causes irritation of the skin, delay in healing cuts and wounds. Gramoxone is the trade name for paraquat which is manufactured by Syngenta.
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The report provides a comprehensive view of the paraquat dichloride market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the paraquat dichloride market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
A host of properties of the paraquat dichloride herbicide drives the growth of the paraquat dichloride market. The rising demand for herbicides owing to applications such as removing unwanted weeds and plants in reforestation and in a cultivation of plants contributes the splendid growth of paraquat dichloride market. However, paraquat dichloride has dispersed nature and it seeps from the soil into the ground water. Thus the ground water is contaminated and also the quality of drinking water is reduced. Paraquat dichloride is phototoxic in nature, and it is difficult to wash out the chemical from the soil resulting in damage of crops especially potatoes and tobacco. These factors may hamper the growth of paraquat dichloride market. Nevertheless, the toxic levels of paraquat dichloride meet the standards set according to EPA is expected to maintain the demand for paraquat dichloride in the forecast period.
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The paraquat dichloride market is segmented on the basis of a region which includes North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Asia Pacific dominated the paraquat dichloride market owing to huge development in the agricultural sector and increasing demand for food in the emerging countries such as India and China. Brazil and the Middle East and Africa market are anticipated to grow at the fast pace due to increasing demand from the rising population along with shrinking arable land. The use of paraquat dichloride is restricted in U.S since 1963 owing to its harmful effects. Europe is estimated to show steady growth over the forecast period due to the banned use of paraquat dichloride by the European government.
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Dow AgroSciences Ltd. and Syngenta are the leading players in paraquat dichloride market.The report segments of the paraquat dichloride market into:
Paraquat Dichloride Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East & Africa
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