Piperonyl Butoxide Market Applications, Development Trends and Size by 2021

Global piperonyl butoxide market is segmented based on type, application, end user and geography.Piperonyl butoxide (PBO) is an organic compound used as a component of pesticide formulations. It is a waxy white solid. It is a synergist. That is, despite having no pesticidal activity of its own, it enhances the potency of certain pesticides such as carbamates, pyrethroids, pyrethrins and rotenone.

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The market for piperonyl butoxide (PBO) is rather consolidated and is primarily driven by the ever-increasing demand for food. The rapid increase in the global population has raised food security concerns and several underdeveloped and developing countries still lack proper infrastructure for the storage and distribution of food grains. A significant rise in yield is possible through the usage of crop protection chemicals such as insecticides. This has resulted in the high demand for piperonyl butoxide.

The prices of insecticides comprising piperonyl butoxide are much higher than those of traditional insecticides such as organophosphate, organochlorine, benzoylurea, and organosulfur. Farmers use low-price insecticides, as they are just as effective in eliminating pests, which confines the market growth. Based on type, the piperonyl butoxide market is segmented into top class, A class, standard class and so on.On the basis of applications, the piperonyl butoxide market is segmented into pyrethrin, carbamate, pyrethroid, rotenone, bioallethrin, permethrin, bioresmethrin, deltamethrin and so on.

Based on end users, the piperonyl butoxide market is segmented into gardens, indoor home use, veterinary, agricultureand so on. Based on geography, the piperonyl butoxide market is segmented into Asia Pacific, North America, Europe, Latin America and Middle East & Africa.China was the leading segment of the Asia Pacific piperonyl butoxide market and the country is expected to retain its lead in terms of volume throughout the forecast period.

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China is anticipated to be the most attractive regional market in terms of volume growth. Japan is one of the mature markets in the region with limited scope for growth. The piperonyl butoxide market in the country is estimated to expand at the slowest rate among the major countries during the forecast period. The key players inpiperonyl butoxideindustryinclude EnduraPvt. IVA, Sumitomo Chemical Co. Ltd., WujiangShuguang Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd., Synergy,Capot Chemical Co. Ltd., Hem Corporation, Shanghai Skyblue Chemical Co. Ltd., Zhejiang Rayfull Chemicals Co. Ltd. Takasago, Rhodia, Yangpu and SkyBlue.