Plant antifreeze are chemicals, which reduce the freezing point of water inside the tissues of plants. These chemicals help plants to endure temperatures 2.2 to 9.4°F colder than usual, depending upon the species. Antifreeze chemicals such as ethylene glycol, propylene glycol, glycerin, and others stimulate plants to produce antifreeze proteins and antifreeze amino acids to prevent itself against cold and frost temporarily.
The plant antifreeze market is segmented on the basis of product, application, and region. On the basis of product, the market is categorized into ethylene glycol, propylene glycol, glycerin, and methanol. On the basis of application, the market is divided into cereals, horticulture crops, cash crops, turf & ornamental crops, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plant antifreeze market analysis from 2021 to 2031 to identify the prevailing plant antifreeze market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the plant antifreeze market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global plant antifreeze market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
- Ethylene Glycol
- Propylene Glycol
- Glycerin
- Methanol
By Application
- Cereals
- Horticulture Crops
- Cash Crops
- Turfs and Ornamentals Crops
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- BASF SE
- ADAMA
- Bayer AG
- Chevron Phillips Chemical Company LLC
- ExxonMobil Corporation
- Gharda Chemicals Ltd
- Nufarm
- Sumitomo Chemical Co., Ltd
- Syngenta
- DuPont
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Table of Contents
Executive Summary
The global plant antifreeze market sizewas valued at $1.9 billion in 2021, and is projected to reach $3.0 billion by 2031, growing at a CAGR of 5.0% from 2022 to 2031.Plant antifreeze are the chemicals which are used to reduce the freezing point of water inside the tissues of a plant in extreme cold temperature. In addition, plant antifreeze chemicals include ethylene glycol, propylene, glycerin, and other chemicals stimulates plants to produce plant antifreeze proteins. These proteins enhance the plant productivity during subzero temperatures. It has wide range of applications in sectors such as cereal, horticulture, cash crops, agriculture, and others.
The rise in population, and increase in disposable income has enhanced the purchasing power of people for high end products that includes ornamental crops, cash crops, and others. In addition, expansion of agricultural industry and horticulture industry has led the adoption of plant antifreeze chemicals across the globe owing to its ability of enhancing plant productivity and photosynthesis activity during subzero temperatures. These factors are predicted to enhance the growth of the plant antifreeze market during forecast period.
However, fluctuations in the prices of raw material impedes the growth of the plant antifreeze market. In addition, plant antifreeze products are not required in tropical regions owing to high temperature all over the year. These factors together may hamper the growth of the plant antifreeze market during the forecast period.
On the contrary, plant antifreeze chemical reduces the financial losses caused due to freezing temperatures and it enhances the ability of plants for photosynthesis, thereby improving yields. This factor is predicted to create remunerative opportunities for expansion of the plant antifreeze market in the future.
The plant antifreeze market forecast is segmented on the basis of product, application, and region. By product, the market is segregated into ethylene glycol, propylene glycol, glycerin, and methanol. The propylene glycol segment dominated the global market, in terms of revenue in 2021, and accounted for 46% of the total share. This is attributed to the fact that propylene glycol helps in preventing the crops from frost in subzero temperature that enhances the plant productivity and stimulates plants to secrets plants antifreeze chemicals in extreme cold weathers.
By application, the market is divided into cereals, horticulture crops, cash crops, turfs and ornamental crops, and others. The cereals segment dominated the global market in terms of revenue in 2021, with 46% of the total share. The cereals and grains market is witnessing high growth as they are a rich source of vitamins and minerals, and are used in large amounts in animal feed. Owing to these factors manufacturers have put more emphasis on the production of plant antifreeze chemicals. It will help in cereal production during subzero temperature.
Region-wise, the plant antifreeze market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America plant antifreeze market size is projected to grow at the highest CAGR during the forecast period, and accounted for a major 46% of market share in 2021, owing to rise in awareness about plant antifreeze chemicals especially in the developing economies are the major key market trends fostering the growth of the plant antifreeze market in the North America region.
Key players operating in the global plant antifreeze market analysis include BASF SE, ADAMA, Bayer AG, Chevron Phillips Chemical Company LLC, DuPont, ExxonMobil Corporation, Gharda Chemicals Ltd, Nufarm, Sumitomo Chemical Co., Ltd., and Syngenta.
Key Findings of the Study
- By type, the propylene glycol segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.5% from 2022 to 2031.
- By application, the cereals segment is anticipated to register the highest CAGR of 5.3% during the forecast period.
- By region, North America garnered the highest plant antifreeze market share of 46% in 2021, in terms of revenue, growing at a CAGR of 5.1%.
Companies Mentioned
- Basf Se
- Adama
- Bayer AG
- Chevron Phillips Chemical Company LLC
- Exxonmobil Corporation
- Gharda Chemicals Ltd
- Nufarm
- Sumitomo Chemical Co. Ltd
- Syngenta
- Dupont
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 215 |
Published | July 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 1.9 billion |
Forecasted Market Value ( USD | $ 3 billion |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |