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Permethrin Market Share

Report ID: GMI4146
Published Date: Jul 2019
Report Format: PDF

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Permethrin 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
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.

Industry Background

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.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The forecast worth of permethrin market is predicted to exceed USD 200 millin by 2025.

The registered value for permethrin market was USD 150 million in 2018.

Personal care, textile, pharmaceutical, domestic, and agricultural are some of the major application industries.

The rising usage of permethrin in hair care products for treatments against head lice and scabies will drive the regional growth. As per a study by GMI, Europe industry share will exceed USD 45 million by 2025.

Increasing usage of the product as insecticide to combat crop damage will propel the segment growth. As per the report, agriculture application share is projected to surpass USD 60 million by 2025.