Permethrin Market Analysis

Permethrin Market Analysis

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.

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.