Global Metam Sodium Market will propel to garner USD 94.84 Mn, with a CAGR of 4.2% by 2025,
05 June 2018
Metam sodium (compounds, weed, killing, liquid) is a yellow to light yellow-green solution with an odor of amine and sulfur that varies in intensity. Metam sodium is an organosulfur compound (formally a dithiocarbamate), which is used as a soil fumigant, pesticide, herbicide, and fungicide. The data in the report bases on metam sodium aqueous solution.
Increasing demand for herbicide and soil fumigant is expected to drive the demand for metam sodium. Moreover, increasing demand for pesticide and fungicide has led to increased consumption of metam sodium. For instance, metam sodium is now widely used as soil fumigant across the globe. Thus, it is anticipated that any increase in the usage of pesticide and fungicide containing metam sodium will drive the market. In terms of volume, global metam sodium market in 2017 stood at 57.19 kilo tons and is expected to reach 66.84 kilo tons by 2025 growing at a CAGR of 3.4% from 2018 to 2025. In terms of revenue, global Metam Sodium market in 2017 stood at USD 74.50 Mn and is expected to reach USD 94.84 Mn by 2025 growing at a CAGR of 4.2% from 2018 to 2025.
On the basis of type metam sodium can be classified as Metam Sodium 35% and Metam Sodium 42%. Metam Sodium 35% occupied larger market share as compared to Metam Sodium 42%. Metam Sodium 35% is expected to grow at a faster growth rate during the forecast period. Major applications of Metam Sodium can be classified as soil fumigant, pesticide, herbicide, fungicide and others. Soil fumigant application held the major market share and herbicide application is expected to grow at a fastest growth rate during the forecast period.
Region wise global Metam Sodium market is segmented into North America, South America, Europe, Japan, China, India, SouthEast Asia, Middle East and Africa and RoW.. North America held the largest market share followed by China and Europe respectively. India is expected to grow at a fastest growth rate followed by China during the forecast period. North America held more than 25% share in 2017, while China held more than 20% in 2017.
Some of the global major players operating in the Metam Sodium market include Limin Chemical, AMVAC, Tessenderlo Kerley, Eastman Chemical, Shenyang Harvest Agrochemical, among others.