As per TMR’s estimations, the global market for pinoxaden will increase in value at a CAGR of 12.30% between 2014 and 2020 and reach an opportunity of US$0.8 bn by the end of the forecast period. Due to the high demand for wheat, pinoxaden witnesses a greater application in wheat crops. By 2020, wheat crops are likely to hold a share of nearly 82% of the overall demand for pinoxaden. With the presence of a few key players, such as Syngenta AG and Hebei Duoke Chemicals, in the overall landscape, the global pinoxaden market exhibits a highly concentrated structure, finds a research study by Transparency Market Research (TMR). Currently, Syngenta owns the patent for pinoxaden; however, it will expire in 2020, after which, small-scale companies and new entrants may gain momentum in this market. Browse Market Research Report @ http://www.transparencymarketresearch.com/pinoxaden-market.html Demand for Pinoxaden to Remain Strong in Europe The rep...
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