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Profenofos Market - Global Industry Expert Opinions Analysis, Emerging Opportunities, Market Size, Share, Growth Drivers, Market Trends, Statistics And Forecast 2015 - 2020

Report Description

Profenofos is an organophosphorus insecticide which is used to kill pests that damage crop and thus, affects the overall agricultural productivity. Profenofos chemical name is 0-4-bromo-2- chlorophenyl Oethyl S-propyl phosphorothioate. The molecular weight of profenofos is approximately 373. Profenofos is used as an ovicide and larvicide in order to kill insects and larvae of various insects. Profenofos intoxication has resulted mainly due to the accumulation of acetylcholine at the nerve endings. Profenofos is an amber coloured liquid. Profenofos generally has a garlic-like odour. Profenofos has a boiling point of 110oC. Profenofos is usually stable at neutral and slightly acidic conditions however; profenofos turns unstable under alkaline conditions. Profenofos being highly soluble in organic solvents helps in easy application of insecticides on plants. Profenofos is highly flammable in nature owing to the chemical properties of the solvents in which it is dissolved. Profenofos is effective owing to its ability to inhibit Acetylcholinesterase (AChE) in the pest. Profenofos has to be stored in well ventilated room. Profenofos as per WHO belongs to class II of the overall toxicity class. Profenofos widely finds application as insecticide, acaricide or miticide.

The growing population coupled with reduction in the cultivable land has lead to increase in the demand for various aids that would boost the global agricultural productivity. Thus, there is increase in demand for insecticides in order to minimize the damage caused by various pests. Profenofos is used by the farmers in order to protect their crops from insects that cause severe damage to the cultivated crop. Thus, growing requirement to increase agricultural productivity is expected to boost the overall demand for profenofos market. The U.S Environmental Protection Agency (EPA) has listed profenofos as highly toxic for bees, humans and other wildlife. In addition, various studies on the genotoxic effect have showed the harmful effect of the pesticides such as profenols on marine life as well. Profenofos is known to affect the DNA of various living species that come in contact with the insecticide. Thus, high level of toxicity is expected to hamper the overall growth of the market.

Asia Pacific is expected to be the largest producer of profenofos in the global market. The presence of many manufacturer having small scale production capacities is further expected to boost the production in this region. Developing countries such as India and Bangladesh are expected to be the consumer of the market. Dependency on agricultural for livelihood in the developing countries is expected to boost the demand for profenofos in Asia Pacific. Asia Pacific is followed by Europe as far as demand of profenofos is considered. The demand for profenofos in North America is expected to remain low owing to the presence of stringent regulations that prevent the use of organophosphate based insecticides.

Acme Organics Pvt. Ltd., Fulon Chemical Industrial Co., Ltd., Hualong Chemical Industry Co., Ltd., Jiangsu Baoling Chemical Co., Ltd., National Company for Agrochemicals Production (Agrochem) and Sunking Chemical Industrial Co., Ltd. are some of the participants of the profenofos market. The company’s are mainly focused towards developing high quality products that would have its effect on specific pest. Thus, companies are more focused towards developing eco-friendly products that are naturally manufactured. The companies are also involved in researching various formulations that is highly effective in protecting crops from a range of pests and diseases.

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