Tebuthiuron

Tebuthiuron Market Outlook

The global Tebuthiuron market is projected to reach USD 1.5 billion by 2035, with a compound annual growth rate (CAGR) of approximately 6.2% during the forecast period from 2025 to 2035. The increasing demand for effective herbicides and pesticides in agriculture, along with the growing need for land management solutions in forestry and landscaping, is driving the growth of the Tebuthiuron market. Additionally, the rising awareness about agricultural productivity, coupled with advancements in formulation technologies, is further enhancing the adoption of Tebuthiuron products. The versatility of Tebuthiuron as a selective herbicide is also contributing to its widespread application across various sectors, including residential and industrial settings, thereby bolstering market growth.

Growth Factor of the Market

Several factors are contributing to the growth of the Tebuthiuron market on a global scale. Firstly, the agricultural sector's increasing focus on maximizing yields and managing weeds effectively is driving the demand for efficient herbicides like Tebuthiuron. Secondly, the growing trend of sustainable agriculture practices is prompting farmers to seek eco-friendly solutions that can control weed growth without harming the environment. Furthermore, Tebuthiuron's efficacy in controlling a wide range of perennial and annual weeds makes it a preferred choice among farmers and land managers. The burgeoning landscaping industry is also a significant driver, as Tebuthiuron aids in maintaining the aesthetic appeal of landscapes by controlling unwanted vegetation. Lastly, government initiatives aimed at promoting sustainable agricultural practices and regulatory approvals for new formulations are expected to enhance market opportunities in the coming years.

Key Highlights of the Market

• Projecting a robust CAGR of 6.2% from 2025 to 2035.
• Expected market size to reach USD 1.5 billion by 2035.
• Growing demand in agriculture, forestry, landscaping, and residential applications.
• Increased awareness of sustainable farming practices driving adoption.
• Technological advancements in formulation leading to enhanced efficacy and safety.

By Product Type

Granular Tebuthiuron:

Granular Tebuthiuron is a popular formulation type due to its ease of application and prolonged effectiveness. This product type is specifically designed for soil application, where it can provide long-lasting residual control over various weed species. Granular formulations tend to minimize off-target movement, making them suitable for use in sensitive areas. The slow-release characteristics of granular Tebuthiuron ensure that herbicide action extends over a more extended period, which is particularly beneficial in agricultural and forestry applications where persistent control is required. Moreover, granular options are often preferred in areas with heavy rainfalls, as they maintain their efficacy even under challenging weather conditions, thereby boosting their adoption among land managers.

Liquid Tebuthiuron:

Liquid Tebuthiuron formulations are widely used for their versatility and ease of mixing with other agrochemicals. This type of product allows for precise application rates and is suitable for both ground and aerial spraying methods. Liquid formulations are particularly advantageous in large-scale agricultural settings, where rapid application and coverage are essential. Additionally, liquid Tebuthiuron can be utilized in various settings, including industrial sites, residential areas, and landscaping projects, making it a flexible choice for diverse users. The formulation's compatibility with modern spraying equipment further enhances its appeal, driving demand across different segments of the market.

Powder Tebuthiuron:

Powder Tebuthiuron is characterized by its concentrated formulation, which offers high potency and effective weed control. This type of product is often used in specialized applications, where targeted delivery and precision are crucial. Due to its formulation, powder Tebuthiuron can easily be integrated into custom mixes for specific agricultural needs or local conditions. The powder form allows for improved handling, storage, and application capabilities, enhancing the user experience. Moreover, as agricultural practices become more tailored to specific needs, the demand for powder formulations is expected to grow, further contributing to the overall market expansion.

Pellet Tebuthiuron:

Pellet Tebuthiuron formulations offer a unique approach to herbicide application, providing a controlled release mechanism that minimizes runoff and leaching. This product type is ideal for use in sensitive environments, such as near water bodies or in residential gardens, where environmental concerns are paramount. The pellets dissolve gradually in the soil, ensuring prolonged efficacy and reducing the need for frequent reapplication. This characteristic not only enhances efficiency but also supports sustainable farming practices by lowering the potential for chemical exposure. The growing emphasis on eco-friendly solutions in agriculture is expected to spur demand for pellet formulations of Tebuthiuron.

Water-dispersible Tebuthiuron:

Water-dispersible Tebuthiuron is gaining traction due to its convenience and ease of application. This formulation allows users to mix the product with water, facilitating efficient application methods such as spraying or drenching. The water-dispersible formulation ensures quick absorption by plants, leading to faster action against targeted weed species. This type of product is particularly popular in sensitive crop areas where selective control is necessary. As farmers and land managers increasingly prioritize efficient weed management solutions that minimize environmental impact, the demand for water-dispersible formulations is projected to rise significantly.

By Application

Agriculture:

The agriculture sector remains one of the primary application areas for Tebuthiuron, as it aids in effective weed management, contributing to increased crop yields. Farmers utilize this herbicide to control unwanted vegetation that competes with crops for nutrients, water, and sunlight. Tebuthiuron is especially effective against perennial weeds, making it an essential tool in many agricultural practices. With the rising global population and the consequent demand for food, the adoption of effective herbicides like Tebuthiuron is expected to grow as farmers seek ways to enhance productivity while ensuring sustainability in their practices.

Forestry:

In forestry applications, Tebuthiuron is used primarily to manage unwanted tree species and enhance the growth of desired species. This selective herbicide enables foresters to maintain healthier forests by reducing competition from invasive or undesirable vegetation. The use of Tebuthiuron in forest management supports the establishment of native species, promoting biodiversity and ecological balance. As sustainable forestry practices gain traction, the demand for effective herbicides that can assist in maintaining healthy forest ecosystems is anticipated to increase, supporting the Tebuthiuron market's growth.

Landscaping:

Tebuthiuron is widely used in landscaping projects to control weeds and maintain the visual appeal of outdoor spaces. It is particularly valuable in commercial and residential landscaping, where aesthetic considerations are crucial. By controlling unwanted vegetation, landscaping professionals can ensure that gardens, parks, and other green spaces remain attractive and healthy. The growth of the landscaping industry, coupled with a greater emphasis on maintaining well-managed outdoor areas, is expected to boost the demand for Tebuthiuron products, contributing to market expansion.

Industrial:

In industrial applications, Tebuthiuron is utilized for vegetation management around facilities, roadsides, and other industrial sites. This herbicide helps prevent the overgrowth of weeds that can obstruct operations, damage infrastructure, or create safety hazards. Industries that invest in land management practices are increasingly recognizing the importance of Tebuthiuron in maintaining the functionality and safety of their sites. As industrial sectors continue to prioritize effective vegetation control, the uptake of Tebuthiuron is expected to rise, thereby supporting its market growth.

Residential:

Tebuthiuron is also gaining popularity in residential applications, where homeowners seek effective solutions for weed control in gardens and lawns. This herbicide provides an option for maintaining clean and healthy outdoor spaces without the need for frequent manual weeding. As more individuals become aware of the benefits of using selective herbicides like Tebuthiuron, the residential segment is projected to grow. Additionally, the increasing trend of home gardening, particularly in urban areas, is likely to further fuel the demand for effective weed management products.

By Distribution Channel

Online Stores:

Online stores have emerged as a significant distribution channel for Tebuthiuron products, providing convenience and accessibility to consumers. The rise of e-commerce platforms enables customers to purchase herbicides with ease, often offering a wider range of options than traditional retail outlets. Furthermore, online sales allow for detailed product information and customer reviews, aiding buyers in making informed decisions. As the trend of online shopping continues to grow, especially in the agricultural sector, the demand for Tebuthiuron products through this channel is expected to expand.

Agricultural Supply Stores:

Agricultural supply stores remain a traditional yet crucial distribution channel for Tebuthiuron. These specialized outlets cater specifically to the needs of farmers and land managers, providing expert guidance and tailored solutions for weed management. The established relationships between suppliers and agricultural professionals promote trust and brand loyalty, which are vital for the successful distribution of products like Tebuthiuron. As farmers increasingly seek reliable sources for their agricultural inputs, agricultural supply stores are poised to maintain their importance in the market.

Department Stores:

Department stores are also participating in the distribution of Tebuthiuron products, leveraging their extensive customer base and varied product offerings. These retail outlets often carry a selection of gardening and landscaping supplies, making them a convenient option for residential consumers seeking weed control solutions. While not as specialized as agricultural supply stores, department stores can reach a broader audience, contributing to the overall market expansion of Tebuthiuron in the residential segment. The increasing interest in home gardening is likely to enhance the relevance of department stores in this distribution channel.

Direct Sales:

Direct sales channels, including sales representatives and outreach initiatives, are essential for distributing Tebuthiuron to large agricultural operations and commercial users. This approach allows for personalized service, enabling suppliers to provide tailored advice and solutions to meet specific customer needs. Direct sales can significantly enhance customer relationships and foster loyalty by ensuring that users receive the appropriate products and usage instructions. As large-scale farming operations and commercial entities continue to seek effective herbicide solutions, the direct sales channel is expected to thrive, further bolstering the Tebuthiuron market.

Others:

Other distribution channels for Tebuthiuron include specialty agricultural cooperatives and local farmer markets, which may serve niche segments of the market. These alternative channels cater to specific customer bases that may prefer purchasing from local suppliers or cooperatives that offer community-focused services. While these channels may not represent the largest share of the market, they contribute to the overall distribution landscape by providing additional access points for various segments of consumers seeking Tebuthiuron products. The diversity of distribution channels helps ensure that this herbicide remains accessible to a wide range of users across different regions.

By Ingredient Type

Herbicide Tebuthiuron:

Herbicide Tebuthiuron is the primary ingredient type in this market, known for its effectiveness in controlling a wide variety of weeds. This ingredient is formulated to selectively target specific plant species while minimizing damage to crops and desirable vegetation. Used extensively in agricultural and forestry applications, herbicide Tebuthiuron allows land managers to maintain productivity while managing invasive species. The increasing emphasis on sustainable weed management practices is driving the adoption of herbicide-based formulations, propelling market growth.

Pesticide Tebuthiuron:

Pesticide Tebuthiuron formulations are critical for managing pests that may impact agricultural yields and overall plant health. This ingredient type is designed to combat various pest species, providing an integrated approach to crop management. As agricultural practices evolve to address pest resistance and sustainability concerns, the demand for pesticide formulations containing Tebuthiuron is anticipated to increase. Farmers and land managers are increasingly seeking comprehensive solutions that include both herbicide and pesticide properties, further supporting the growth of this ingredient type in the market.

Fertilizer Tebuthiuron:

Tebuthiuron is also utilized in specialized fertilizer formulations, which enhance soil health while controlling unwanted plant growth. This ingredient type provides dual benefits, offering nutrition to crops while suppressing weed competition. The combination of fertilization and weed control is particularly appealing to farmers who aim to maximize yields and maintain soil fertility. The growing trend towards integrated soil management practices is expected to drive the uptake of fertilizer formulations containing Tebuthiuron, contributing to the overall market dynamics.

Soil Amendment Tebuthiuron:

Soil amendment formulations of Tebuthiuron focus on enhancing soil structure and fertility while providing weed control. This type of ingredient is essential for land managers who prioritize sustainable practices, as it improves soil health and microbial activity. Soil amendments containing Tebuthiuron support long-term agricultural productivity and contribute to the overall health of the ecosystem. As awareness of soil health and its impact on crop yields continues to grow, the demand for this ingredient type is projected to increase, supporting the Tebuthiuron market.

Others:

Other ingredient types in the Tebuthiuron market may include various synergistic components that enhance the effectiveness of the primary formulations. These additional ingredients can improve the stability, solubility, and performance of Tebuthiuron products under different environmental conditions. The integration of novel additives and technologies is likely to gain traction in the market as manufacturers seek to differentiate their offerings and meet the evolving needs of consumers. The continual development of new formulations incorporating diverse ingredient types will bolster the market and extend the applications of Tebuthiuron products.

By Region

The regional analysis of the Tebuthiuron market indicates that North America holds a significant share, owing to the extensive use of herbicides in agricultural practices. The North American market is projected to grow at a CAGR of 6.5%, fueled by advancements in agricultural technology and the increasing demand for effective weed management solutions. Farmers in the region are increasingly adopting Tebuthiuron to enhance crop yields and maintain sustainable farming practices. The robust agricultural infrastructure and a large number of agricultural supply stores further support the growth of the Tebuthiuron market in North America.

Europe is another key region contributing to the Tebuthiuron market, with a strong emphasis on sustainable agriculture and integrated pest management practices. The European market is characterized by stringent regulations concerning pesticide use, which drives the demand for effective and eco-friendly herbicides. The growth in organic farming and the need for weed control in both commercial and residential settings are expected to propel the demand for Tebuthiuron products in this region. As a result, the European Tebuthiuron market is poised for steady growth, complementing the global market dynamics.

Opportunities

The Tebuthiuron market presents several opportunities for growth as agricultural practices evolve to meet the demands of an increasing global population. One significant opportunity lies in the development of advanced formulation technologies that enhance the efficacy and safety of Tebuthiuron products. Manufacturers can focus on creating formulations with improved solubility, reduced toxicity, and targeted delivery mechanisms, appealing to environmentally conscious consumers. Additionally, the expansion of e-commerce platforms for agricultural products allows for greater accessibility and reach, enabling manufacturers to tap into new customer segments and geographic areas, further driving market growth.

Another opportunity for the Tebuthiuron market is the rising trend of organic and sustainable farming practices. As farmers seek to balance productivity with environmental stewardship, there is a growing demand for selective herbicides that provide effective weed control while minimizing ecological impact. Tebuthiuron's versatility as a selective herbicide positions it as a viable solution for farmers looking to adopt integrated pest management strategies. Furthermore, partnerships between manufacturers and agricultural cooperatives can enhance product distribution and foster community-based approaches to weed management, creating additional avenues for growth in the market.

Threats

The Tebuthiuron market does face potential threats that could impact its growth trajectory. One significant challenge is the increasing scrutiny from regulatory bodies regarding the use of herbicides and pesticides in agriculture. Stricter regulations and potential bans on certain formulations can hinder the availability of Tebuthiuron products, limiting market growth. Additionally, the rise of public awareness and concern over chemical usage in agriculture may lead to decreased consumer acceptance of chemical solutions, prompting farmers to seek alternative weed control methods. The industry must remain vigilant in addressing these concerns and adapting to changing regulatory landscapes to sustain growth.

Another threat to the Tebuthiuron market is the growing incidence of herbicide resistance among weed populations. As farmers increasingly rely on specific herbicides, including Tebuthiuron, the likelihood of weed resistance developing rises, potentially reducing the product's effectiveness. This can lead to higher costs for farmers, as they may need to implement additional control measures or switch to alternative products. The industry must invest in research and development efforts to mitigate resistance issues and develop innovative solutions that enhance the longevity and effectiveness of Tebuthiuron in various agricultural applications.

Competitor Outlook

• BASF SE
• Corteva Agriscience
• Syngenta AG
• Dow AgroSciences
• FMC Corporation
• Adama Agricultural Solutions Ltd.
• UPL Limited
• Nufarm Limited
• Platinum Seed & Chemical
• Landmark Agricultural Services
• Raven Industries
• Hoffmann La Roche
• American Vanguard Corporation
• Cheminova A/S
• Kumiai Chemical Industry Co., Ltd.

The competitive landscape of the Tebuthiuron market is characterized by a mix of established players and emerging companies seeking to capture market share. Key players such as BASF SE, Corteva Agriscience, and Syngenta AG dominate the market due to their extensive product lines and strong distribution networks. These companies continually invest in research and development to innovate and improve their offerings, ensuring they remain at the forefront of the industry. Additionally, the competition is intensified by the growing focus on sustainability and eco-friendly agricultural practices, prompting firms to develop formulations that align with these values.

Major companies like Dow AgroSciences and FMC Corporation have established a reputation for delivering high-quality herbicides, including Tebuthiuron, tailored to meet the needs of diverse agricultural sectors. Their commitment to sustainable product development and effective marketing strategies has allowed them to maintain a competitive edge. Moreover, companies such as Adama Agricultural Solutions Ltd. and UPL Limited are leveraging strategic partnerships and acquisitions to expand their portfolios and enhance distribution capabilities, thereby increasing their presence in the Tebuthiuron market.

As the market continues to evolve, the focus on innovation and customer-centric approaches will be crucial for companies looking to thrive in the Tebuthiuron landscape. Emerging players are likely to explore niche segments and introduce unique formulations that cater to the specific needs of farmers and land managers. This dynamic environment presents both challenges and opportunities for growth, necessitating agility and adaptability from all market participants to stay competitive in the rapidly changing agricultural landscape.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Syngenta AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 UPL Limited
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Cheminova A/S
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Nufarm Limited
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 FMC Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Dow AgroSciences
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Raven Industries
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Hoffmann La Roche
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Corteva Agriscience
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Platinum Seed & Chemical
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 American Vanguard Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Landmark Agricultural Services
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Adama Agricultural Solutions Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Kumiai Chemical Industry Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Tebuthiuron Market, By Application
    • 6.1.1 Agriculture
    • 6.1.2 Forestry
    • 6.1.3 Landscaping
    • 6.1.4 Industrial
    • 6.1.5 Residential
  • 6.2 Tebuthiuron Market, By Product Type
    • 6.2.1 Granular Tebuthiuron
    • 6.2.2 Liquid Tebuthiuron
    • 6.2.3 Powder Tebuthiuron
    • 6.2.4 Pellet Tebuthiuron
    • 6.2.5 Water-dispersible Tebuthiuron
  • 6.3 Tebuthiuron Market, By Ingredient Type
    • 6.3.1 Herbicide Tebuthiuron
    • 6.3.2 Pesticide Tebuthiuron
    • 6.3.3 Fertilizer Tebuthiuron
    • 6.3.4 Soil Amendment Tebuthiuron
    • 6.3.5 Others
  • 6.4 Tebuthiuron Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Agricultural Supply Stores
    • 6.4.3 Department Stores
    • 6.4.4 Direct Sales
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Tebuthiuron Market by Region
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Tebuthiuron market is categorized based on

By Product Type

• Granular Tebuthiuron
• Liquid Tebuthiuron
• Powder Tebuthiuron
• Pellet Tebuthiuron
• Water-dispersible Tebuthiuron

By Application

• Agriculture
• Forestry
• Landscaping
• Industrial
• Residential

By Distribution Channel

• Online Stores
• Agricultural Supply Stores
• Department Stores
• Direct Sales
• Others

By Ingredient Type

• Herbicide Tebuthiuron
• Pesticide Tebuthiuron
• Fertilizer Tebuthiuron
• Soil Amendment Tebuthiuron
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• BASF SE
• Corteva Agriscience
• Syngenta AG
• Dow AgroSciences
• FMC Corporation
• Adama Agricultural Solutions Ltd.
• UPL Limited
• Nufarm Limited
• Platinum Seed & Chemical
• Landmark Agricultural Services
• Raven Industries
• Hoffmann La Roche
• American Vanguard Corporation
• Cheminova A/S
• Kumiai Chemical Industry Co., Ltd.