Global Abscisic Acid Market Worth $ 4.56 Billion by 2019

Date: 2016-09-11

Abscisic acid (ABA) is a plant hormone. ABA functions in many plant developmental processes, including bud dormancy. It is degraded by the enzyme (+)-abscisic acid 8′-hydroxylase into phaseic acid. Abscisic acid includes microbial fermentation and chemical synthesis abscisic acid on the base of classification, which represent 80% and 13% of global abscisic acid market. 

Agriculture is the main application of abscisic acid product and Asia is the largest abscisic acid market on production and consumption.

Global abscisic acid market is projected to reach $ 4.56 Billion by 2019, with a GAGR of 12.7% from 2015, and Asia will have a big dynamic momentum on the market growth. The major players in the global abscisic acid market are Lomon Bio etc.


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Joanna | Executive – International Business and partner Relations
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