What is Global Piperonyl Butoxide (PBO) Market?
The Global Piperonyl Butoxide (PBO) Market is a vast and complex entity that encompasses a wide range of products, industries, and applications. Piperonyl Butoxide (PBO) is a chemical compound that is widely used as a synergist in the pesticide industry. This means it enhances the effect of certain types of pesticides, making them more effective at controlling pests. The global market for PBO is significant and continues to grow, driven by increasing demand from various sectors. In 2022, the market was valued at US$ 48 million and is projected to reach US$ 76 million by 2029. This represents a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2029.
Natural PBO, Synthetic PBO in the Global Piperonyl Butoxide (PBO) Market:
Piperonyl Butoxide (PBO) can be categorized into two types: natural and synthetic. Natural PBO is derived from natural sources, while synthetic PBO is produced through chemical synthesis. Both types have their own advantages and disadvantages, and their usage depends on the specific requirements of the application. The global market for PBO is dominated by two major players, who together hold a market share of about 82%. The production of PBO is concentrated in certain regions, with China being the largest producer, accounting for about 43% of the total production. Europe and India follow, with shares of 39% and 10% respectively.
Home Pest Care, Gardens, Agricultural, Others in the Global Piperonyl Butoxide (PBO) Market:
The Global Piperonyl Butoxide (PBO) Market finds its applications in various areas including home pest care, gardens, agriculture, and others. In home pest care, PBO is used in products like insecticides and repellents to enhance their effectiveness. In gardens, it is used to control a variety of pests that can damage plants and reduce yield. In agriculture, PBO is used in combination with other pesticides to control a wide range of pests that can affect crop health and productivity. Other applications of PBO include its use in public health programs for controlling vectors of diseases like mosquitoes, ticks, and fleas.
Global Piperonyl Butoxide (PBO) Market Outlook:
The market outlook for the Global Piperonyl Butoxide (PBO) Market is positive, with steady growth expected in the coming years. The market was valued at US$ 48 million in 2022 and is projected to reach US$ 76 million by 2029, growing at a CAGR of 6.1% during the forecast period. The market is dominated by two major players, who together hold a market share of about 82%. China is the largest producer of PBO, accounting for about 43% of the total production, followed by Europe and India. In terms of consumption, the largest market is Asia-Pacific, which holds a market share of about 44%, followed by Europe and North America.
| Report Metric | Details |
| Report Name | Piperonyl Butoxide (PBO) Market |
| Accounted market size in 2022 | US$ 48 in million |
| Forecasted market size in 2029 | US$ 76 million |
| CAGR | 6.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Endura, Shuguang Chem, Sumitomo Chem, Anthea (Catasynth Speciality Chemicals) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
