Home > Polymers, Specialty Chemicals & Advanced Materials > Permethrin Market
Permethrin Market size valued at around USD 150 million in 2018 and expects demand of above 30 Kilo tons by 2025. The liquid form segment dominated the market in 2018 and is anticipated to exhibit remarkable growth rate in next few years.
Rising pesticides demand owing to eradication of crop production losses and increase product quality should accelerate permethrin market growth. This substance offers superior protection against pest infestation owing to high toxicity towards insects and sodium level disruption characteristics should propel the product demand.
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Growing product utilization in agricultural, pharmaceutical, personal care, textile and domestic industries should propel the permethrin industry growth. Beneficial characteristics including high potency and selectivity for insects over humans and rapid paralytic effects should promote product demand.
|Market Size in 2018:||150 Million (USD)|
|Forecast Period:||2019 to 2025|
|Forecast Period 2019 to 2025 CAGR:||5%|
|2025 Value Projection:||200 Million (USD)|
|Historical Data for:||2014 to 2018|
|No. of Pages:||250|
|Tables, Charts & Figures:||241|
|Segments covered:||Form, Application, and Region|
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Escalating diseases prevalence including dengue and malaria should accelerate mosquito repellent demand. Growing product utilization as mosquito repellent owing to superior effectiveness and long-lasting effects should propel the permethrin market share. Supportive government initiatives by U.S. EPA including Integrated Pest Management aiming to control mosquito borne diseases including chikungunya, Zika, dengue and malaria should accelerate product demand.
Rising aviation industry owing to faster travel, low fare and rapid airports infrastructure development should accelerate permethrin market demand. This chemical is predominantly used as a disinfectant during prior departure, descent and deplaning should promote industry growth. Stringent regulations by institutions including WHO, IHR and ICAO on aviation industry for eradicating spreading of diseases from one country to another should accelerate product demand.
Excessive product exposure can lead to nausea, muscle weakness, shortness of breath, headache, excessive salivation and headache which should hamper the permethrin market demand. Commercial product utilisation may cause harm to aquatic organisms and bees owing to its high toxicity which may challenge industry gains.
Liquid form segment is projected witness gains may account for over 4% by 2025. Liquid form is majorly utilized for treatment against head lice & nits and scabies owing to its ability to disrupt function of neurons within them and eliminate the species which should promote industry growth. Increasing prevalence of head lice and nits among human beings should promote market demand.
Agriculture segment may exceed USD 60 million by 2025. Wide utilisation as insecticide for crops including cotton, wheat, maize and alfalfa should stimulate industry growth. This product is predominantly utilised in eliminate agricultural pests including corn roots worms, grasshoppers, aphids, cutworms & spider mites which causes severe crop damage and lower yield should propel the permethrin market growth.
Textile segment is anticipated to exceed 1.5 kilo tons by 2025. Shifting consumer preferences towards mosquito repellent fabrics in which product is induced into the fabric owing to growing mosquito borne diseases should accelerate product demand. Rising product utilisation for woolen products protection in order to eliminate insects including moths which should promote industry growth.
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Asia pacific, led by Australia, South Korea, Japan, China and India permethrin market may witness substantial increase which may account for over 4% by 2025. India is the largest producer of pulses, rice, wheat, spices and spice products. Affirmative government actions including National Food Security Mission (NFSM) aiming to expand rice, wheat, pulses and coarse cereals should propel agricultural pesticides demand, thus driving regional market growth.
Europe driven by UK, Italy, France, and Germany market is estimated to surpass USD 45 million by 2025. Growing product utilisation for treatment against head lice and scabies should accelerate product demand. Rising European pharmaceutical industry owing to growing disease prevalence, product development and clinical trials along with affirmative government initiatives including PRIME aiming to achieve solutions for unmet medical conditions should accelerate permethrin industry growth.
Brazil may witness growth in the forecasted timeframe owing to growing dengue prevalence. Rising mortality rates due to mosquito borne diseases resulted by temperature variation along with higher precipitation should increase insects repellent demand, thus resulting regional market growth.
Competitive Market Share
Global permethrin market is concentrated with major industry players including Sumitomo Chemical, Yangnong Chemical, Heranba, Bayer, Tagros, Meghmani, Crop Life Science Ltd, Aestar, Gharda and Guangdong Liwei.
Companies are engaged into technical advancements, product development, capacity expansion, acquisition and mergers should foster industry growth. Manufacturers are partnering with different research institutes to develop new products to cater rising global demand.
In 2018, Neogen launched its new product Prozap Fly Die Ultra. This product is majorly utilized for providing protection to horses against stable flies, house flies, deer flies, face flies, gnats, ticks, lice and mosquitos. This product offers long lasting, sweat proof and hard-hitting characteristics which should accelerate product demand, thus attaining strong market position.
This product is classified as an insecticide that belongs to pyrethroid family. This is a synthetic chemical which poses similar characteristics of natural extracts from chrysanthemum flower. This substance belongs to pyrethrin family of drugs. This insecticide works by paralysing and killing mites & eggs of the target insects. This product is predominantly utilised in ornamental lawns, food & feed crop, clothing, livestock & pets and buildings which should accelerate industry growth.
The permethrin market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD and volume in tons from 2014 to 2025, for the following segments:
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The above information is provided on a regional and country basis for the following: