According to a new research report by Global Market Insights Inc., the permethrin market size is set to surpass USD 200 million by 2025. By product, the powder segment would remain lucrative during the study period.
Rising product demand for military suites fabrics manufacturing to provide army personnel protection from annoyance and risks of insect bites should accelerate permethrin market growth. Growing trend of insecticides treated fabrics by armies including U.S. and British for new military suites should promote product demand.
Excessive utilization of product for head lice treatment may lead to severe itching, swelling and burning sensations. Patients suffering from conditions including hay fever and asthma may experience allergic reactions on product utilization. Thus, these factors are likely to hinder permethrin industry demand. Stringent regulations imposed on product utilization for plant protection by EU commission owing to high toxicity should hamper industry profitability, thus affecting market price trends.
Browse key industry insights spread across 250 pages with 224 market data tables & 17 figures & charts from the report, “Permethrin Market, By Form (Liquid, Powder), By Application (Agricultural, Pharmaceutical, Personal Care, Textile, Domestic), Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Australia, Malaysia, Thailand, Brazil, South Africa, UAE, Saudi Arabia), Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Powder form segment may observe strong gains of 3.5% by 2025. This product finds broad applications in spaces including domestic, commercial and residential to protect from insects including Cockroaches, Ants, Spiders, European Wasps and Fleas which should propel industry growth. This product offers beneficial characteristics including very light and free flowing which helps in spreading through voids and crack to eradicate insects inside hiding locations and invisible harborages which should accelerate permethrin market share.
Pharmaceutical application may observe significant gains on account of its utilization as scabicide, pediculocide and antiparasitic agent. This product can be administered topically by application through cream, ointments and lotion which should boost product demand.
China permethrin market size may exceed USD 15 million by the end of 2025. China is the world’s largest textile industry due to rising exports and domestic demand for high quality apparels. This product is majorly used to eradicate insects including silverfish, carpet beetle and moths that causes textile degradation should stimulate industry growth.
Prominent Industry players in the permethrin market include Guangdong Liwei, Yangnong Chemical, Bayer, Sumitomo Chemical, Tagros, Heranba, Crop Life Science Limited, Gharda, Meghmani and Aestar. Manufacturers are involved in joint venture, mergers & acquisitions to administer innovative solutions along with production capacities expansion and minimizing manufacturing cost to cater market growth.
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