Global Bifenthrin Market Is Valued At USD 162.46 Million In 2017 And Is Expected To Reach USD 274.63 Million By The End Of 2024
Friday, 25 Jan, 2019
The Bifenthrin industry concentration is relatively high; there are five manufacturers in the world.
In the world wide, Bifenthrin manufactures mainly distribute in China and North America. China has the largest production in the world and exports worldwide, like Yangnong Chemical and Jiangsu Huifeng Agrochemical, both have large production capacity. As to western countries，the companies there usually import Bifenthrin for the manufacture of pesticides and insect repellent.
All manufactures in the world are committed to the improvement of product. International companies have been leading the R&D level in the past. These two years, some Chinese manufactures can almost catch up with the world's leading technology too.
During past five years, in China, Bifenthrin have increased from 1500 MT in 2013 to 5800 MT in 2017, with a CAGR of 31%.
Just few manufacturers can produce intermediate. And these manufacturers which have complete industrial chain have certain advantages in the cost of raw materials. The entire industry was constrained by intermediates. In 2018, China's intermediate suppliers had an accident in the production line, which led to a sharp increase in prices.
We tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. continuous expansion of several Chinese manufacturers' production plans, market supply will continue to increase, so market prices will continue to fall in the next few years, which will help the market expansion of products.