Penoxsulam, with the chemical name 20 (2,2-difluoroethoxy)–6-(trifluoromethyl-N-(5,8-dimethyl [1,2,4] triazolo [1,5-c]pyrimidin-2-yl) benzenesulfonamide, is an active ingredient created by Dow AgroSciences LLC. It is available in sulfonamide-based herbicides. The product is used to control broadleaf weeds, sedge, and grass weeds in rice fields. Various penoxsulam formulations such as Grasp SC and Granite SC herbicides (liquid concentrate) are available for rice field applications in the U.S. Other formulations available in the market include Clipper (Vietnam and Indonesia), Viper (the European Union), Fencer (China), Ricer (Brazil and Argentina), and Rainbow (Egypt). The product is also used in applications in aquatics and turf. Sapphire and LockUp are the key brands in turf applications.
Penoxsulam is said to be mobile and not very persistent in either aqueous or terrestrial environments. This herbicide prevents the growth of weeds through a mechanism that does not harm animals. Hence, farmers prefer penoxsulam over other chemical herbicides that adversely affect the environment. Penoxsulam mixed with nitrogen is a safe herbicide formulation available for usage in lawns and gardens. However, a number of weeds such as fescues or perennial ryegrasses, annual bluegrass, and bentgrass species are resistant to this herbicide. Additionally, the crop protection industry has been witnessing an annual addition of various new herbicides. This may pose a threat to demand for existing products such as penoxsulam.
Globally, more than 160 million hectares of land was dedicated to rice cultivation in 2012. Different herbicides such as acetochlor, clomazone, and butachlor are available for weed control in rice fields. Penoxsulam is one of the most widely used herbicides in paddy fields. Penoxsulam is primarily used in wet environments such as rice fields, water bodies containing aquatic weeds, and turfs. In terms of volume, the market share of penoxsulam for rice applications was more than 85% of the global demand in 2013. Low toxicity of the product is anticipated to drive the penoxsulam market. Aquatics and other applications such as turf are likely to remain more or less the same by 2020, owing to the stable growth of each application during the forecast period.
Asia Pacific emerged as the dominant market with more than 55% share of the global demand for penoxsulam in 2013. Demand for penoxsulam is anticipated to increase significantly in the Asia Pacific, mainly due to growth in the crop protection industry in the region. China, India, Indonesia, Bangladesh, Vietnam, and Thailand are among the key rice growing countries in Asia Pacific. RoW is the second-largest market for penoxsulam and is likely to experience significant growth during the forecast period. North America is the smallest market with a small share of land dedicated for rice cultivation. The region is estimated to experience sluggish growth owing to the low usage potential of penoxsulam in the region, compared to other regions around the world. Europe is likely to witness moderate growth during the forecast period, due to the availability of various other rice herbicides in the region.
Dow AgroSciences LLC launched penoxsulam in 2005 in the U.S. The company’s penoxsulam production plant is located in Midland, Michigan. Dow AgroSciences LLC distributes its product formulations globally from the U.S. The company still holds the patent for penoxsulam; however, the market is expected to witness the entry of new manufacturers after the patent expires, i.e. between 2015 and 2017.
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope and Assumptions
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Global Penoxsulam Market Estimates and Forecast, 2013 – 2020, (Tons) (US$ Mn)
2.2 Global Penoxsulam Market, Snapshot (2013 and 2020)
Chapter 3 Penoxsulam Market - Introduction
Chapter 4 Global Penoxsulam Market: Crop Type Analysis
4.1 Global Penoxsulam Market: Crop Type Analysis
4.1.1 Global penoxsulam market volume share by crop type, 2013 and 2020
4.2.1 Global penoxsulam market for rice, 2013 – 2020 (Tons) (US$ Mn)
4.3.1 Global penoxsulam market for other applications , 2013 – 2020 (Tons) (US$ Mn)
4.4 Others (Including Turf, etc)
4.4.1 Global penoxsulam market for other applications , 2013 – 2020 (Tons) (US$ Mn)
Chapter 5 Penoxsulam Market: Regional Analysis
5.1 Global Penoxsulam Market: Regional Analysis
5.1.1 Global penoxsulam market volume share by region, 2013 and 2020
5.2 North America
5.2.1 North America penoxsulam market volume , by crop type, 2013 - 2020 (Tons)
5.2.2 North America penoxsulam market revenue, by crop type, 2013 - 2020 (US$ Mn)
5.3.1 Europe penoxsulam market volume, by crop type, 2013 - 2020 (Tons)
5.3.2 Europe penoxsulam market revenue, by crop type, 2013 - 2020 (US$ Mn)
5.4 Asia Pacific
5.4.1 Asia Pacific penoxsulam market volume, by crop type, 2013 - 2020 (Tons)
5.4.2 Asia Pacific penoxsulam market revenue, by crop type, 2013 - 2020 (US$ Mn)
5.5 Rest of the World
5.5.1 RoW penoxsulam market volume, by crop type, 2013 - 2020 (Tons)
5.5.2 RoW penoxsulam market revenue, by crop type, 2013 - 2020 (US$ Mn)
Chapter 6 Company Profiles
6.1 Dow Agro Sciences LLC
6.2 Shijiazhuang Xingbai Bioengineering Co., Ltd
6.3 Hangzhou Tianlong Biotechnology Co Ltd
List of Figures
FIG. 1 Penoxsulam: Market Segmentation
FIG. 2 Global Penoxsulam Market Estimates And Forecast, 2013 - 2020, (Tons) (US$ Mn)
FIG. 3 Global Penoxsulam Market Volume Share, By crop type, 2013 And 2020
FIG. 4 Global Penoxsulam Market For Rice, 2013 - 2020 (Tons) (US$ Mn)
FIG. 5 Global Penoxsulam Market For Other Applications, 2013 - 2020 (Tons) (US$ Mn)
FIG. 6 Global Penoxsulam Market For Other Applications, 2013 - 2020 (Tons) (US$ Mn)
FIG. 7 Global Penoxsulam Market Volume Share, By Region, 2013 And 2020
List of Tables
TABLE 1 Global Penoxsulam Market, Snapshot (2013 And 2020)
TABLE 2 Physical And Chemical Properties
TABLE 3 North America Penoxsulam Market Volume, By Crop Type, 2013 - 2020 (Tons)
TABLE 4 North America Penoxsulam Market Revenue, By Crop Type, 2013 - 2020 (US$ Mn)
TABLE 5 Europe Penoxsulam Market Volume By Crop Type, 2013 - 2020 (Tons)
TABLE 6 Europe Penoxsulam Market Revenue, By Crop Type, 2013 - 2020 (US$ Mn)
TABLE 7 Asia Pacific Penoxsulam Market Volume, By Crop Type, 2013 - 2020 (Tons)
TABLE 8 Asia Pacific Penoxsulam Market Revenue, By Crop Type, 2013 - 2020 (US$ Mn)
TABLE 9 Row Penoxsulam Market Volume, By Crop Type, 2013 - 2020 (Tons)
TABLE 10 Row Penoxsulam Market Revenue By Crop Type, 2013 - 2020 (US$ Mn)
Penoxsulam is a post-emergence herbicide based on the acetolactate synthase (ALS) inhibitor. It is primarily used on rice crops to control broadleaf weeds. Penoxsulam is also used on grasses and certain aquatic plants. This herbicide is also useful for the removal of unwanted plants on golf courses, sports fields, and lawns. Penoxsulam is available in two grades: technical grade and liquid product grade.
The study segments the global penoxsulam market based on key regions and crop types. The major types of crops included in the report are rice, aquatics and other applications such as turf. Crop type analysis is further provided under each region, including North America, Europe, Asia Pacific and Rest of the World (RoW). Europe includes Western (including the EU and non-EU members), Central and Eastern Europe, while RoW includes South and Central America, Africa and the Middle East. The study comprises market analysis in terms of volume (tons) and revenue (US$ Mn). It includes penoxsulam market estimates for 2014 and forecast for the period from 2015 to 2020.
The report on the penoxsulam market also covers the profile of the inventor company, Dow AgroSciences LLC, and a few other China-based manufacturers such as Shijiazhuang Xingbai Bioengineering Co., Ltd., and Hangzhou Tianlong Biotechnology Co., Ltd. Dow AgroSciences LLC launched penoxsulam in the U.S. in 2005.
Different types of crops in each region have been considered for the global average price while breaking down this market. The prices considered in the report are for technical grade. The volume of the market is for the active ingredient (Penoxsulam) and not for the carrier. The penoxsulam market has been analyzed based on expected demand. Market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors and direct selling regional producers, based on manufacturer feedback and application requirement. We have used the bottom-up approach to arrive at the global market, considering individual crop type segments and integrating these to arrive at the global market. Crop type segments have been further bifurcated using the top-down approach to derive the regional product market.
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research.
We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions: It provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.; helps in validating and strengthening the secondary research findings; and further develops the analysis team’s expertise and market understanding. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding as part of secondary research. Secondary research also includes a search of recent trade; technical writing; internet sources; and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings, internal and external proprietary databases relevant patent and regulatory databases, national government documents, statistical databases and market reports. Also referred are news articles, press releases and webcasts specific to companies operating in the market. Secondary sources referred for penoxsulam study include the U.S. Department of Agriculture (USDA), the U.S. Environment Protection Agency (EPA), Food and Agriculture Organization Corporate Statistical Database (FAOSTAT) and Friends of the Earth Europe (FoE Europe).
The report segments the global penoxsulam market as:
- Penoxsulam Market - Crop Type Segment Analysis
- Other Applications (Including turf, etc.)
- Penoxsulam Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)