NEW YORK, Nov. 30, 2016 /PRNewswire/ -- Strobilurin fungicides are another new fungicides category with strong market vitality and great potential for development after triazole fungicides. After several years of development, strobilurin fungicides have become the largest fungicide category by market value globally, whose market value accounts for about 23%-25% of the global fungicides total. In 2014, the global sale value of strobilurin fungicides has reached USD3.8 billion, accounting for 22.9% of fungicides total, with a CAGR of 7.3% during 2009 to 2014.
Currently, there are more than 10 key strobilurin fungicides products in the global market, with azoxystrobin, pyraclostrobin, trifloxystrobin, fluoxastrobin, kresoxim-methyl, picoxystrobin and dimoxystrobin beings the key ones.
Currently, China can produce 4 of the 10 strobilurin fungicides, namely azoxystrobin, pyraclostrobin, trifloxystrobin and kresoxim-methyl. With pyraclostrobin' patent expired in 2015, many Chinese companies have registered this product and plan to enter the pyraclostrobin market. In addition, a domestic research institute--Shenyang Research Institute of Chemical Industry, launched four self-developed strobilurin fungicides in the domestic market.
Thanks to their good control effect and the continuous market promotion, the consumption of strobilurin fungicides products have increased year by year, whose market value accounts for about 10%-13% of the domestic fungicides total. Azoxystrobin, kresoxim-methyl and pyraclostrobin are the major strobilurin fungicides products for domestic application.
In order to fully understand the current industry market aspects of China's strobilurin fungicides industry and their future trend, WBISS carried out a special market research for China's strobilurin fungicides industry and published this report.