TMR_Research_Reports_2017 Propargite Market Analysis 2024 | Research Report | Page 2

REPORT DESCRIPTION Propargite is a pesticide used to kill mites. It is an acaricide – a class of pesticides that kill members of the arachnid subclass Acari, which includes ticks and mites. Acaricides are used both in medicine and agriculture, although the desired selective toxicity differs between the two fields. Propargite is also named as 2-(4-tert-butylphenoxy)cyclohexyl prop-2-yne- 1-sulfonate. Its trade names are Omite and Comite. Continuous increase in the global pesticide consumption, alteration in pesticide usage and environmental issues has had a great impact on the propargite market demand. The pesticide market is mainly segmented into herbicides, insecticides, and fungicides. Propargite Market: Key Drivers and Restraints The global herbicide market has rapidly grown over the last decade as compared to the other segments. However, due to some post effects such as formation of residuals in soil run-offs, high carbon emissions, and decreased food quality, the demand for herbicides has shown a decline in the past couple of years. Furthermore, consumers are attracted towards insecticides that show better performance. This shift in the pesticide usage pattern is considered to drive the propargite market demand. Obtain Report Details @ http://www.transparencymarketresearch.com/propargite- market.html Propargite exhibits properties such as low residual limits, less toxicity and improved food quality. It degrades in soil within two weeks of application and has low potential to volatize in atmosphere. Propargite is sprayed directly on plants or injected in them. Hence, it is considered as one of the most suitable pesticides for rice, maize, fruits, garden plants, lawns and rangelands. Owing to these versatile uses of propargite, it is said to be compatible with the Integrated Pest Management Program (IPM).