What is Global Permethrin Market?
The Global Permethrin Market is a vast and dynamic sector that revolves around the production, distribution, and consumption of permethrin, a synthetic chemical used in a variety of applications. Permethrin is a type of pyrethroid, a class of synthetic insecticides that mimic the natural insecticidal properties of the chrysanthemum flower. It is used in a wide range of applications, from agriculture and public health to pharmaceuticals and industrial processes. The market's value was estimated at US$ 220.1 million in 2022, and it is projected to grow to US$ 311 million by 2029. This represents a compound annual growth rate (CAGR) of 5.0% from 2023 to 2029.
Agriculture Grade, Pharmaceutical Grade, Industrial Grade, Other in the Global Permethrin Market:
The Global Permethrin Market is segmented into several categories based on the grade of permethrin: Agriculture Grade, Pharmaceutical Grade, Industrial Grade, and Other. Each grade has its unique characteristics and uses. Agriculture Grade permethrin is primarily used in farming and gardening to control a wide variety of pests. Pharmaceutical Grade permethrin is used in medications and treatments for scabies and lice. Industrial Grade permethrin is used in various industrial applications, including the production of textiles and plastics. The "Other" category includes uses of permethrin in public health and hygiene, among other applications. Each of these grades contributes to the overall value and growth of the Global Permethrin Market.
Agriculture, Public Hygiene, Other in the Global Permethrin Market:
The Global Permethrin Market also encompasses several areas of usage, including Agriculture, Public Hygiene, and Other. In Agriculture, permethrin is used as an insecticide to protect crops from a wide range of pests. It is also used in Public Hygiene to control insects that can spread diseases, such as mosquitoes and ticks. The "Other" category of usage includes a variety of applications, from pharmaceuticals to industrial processes. Each of these areas of usage contributes to the overall demand for permethrin, driving the growth of the Global Permethrin Market.
Global Permethrin Market Outlook:
In terms of market outlook, the Global Permethrin Market is on a positive trajectory. In 2022, the market was valued at US$ 220.1 million. It is projected to grow at a CAGR of 5.0% from 2023 to 2029, reaching a value of US$ 311 million by the end of the forecast period. This growth is driven by increasing demand for permethrin in various applications, from agriculture and public health to pharmaceuticals and industrial processes. The market is also geographically diverse, with North America and Europe accounting for about 13% and 14% of global total consumption, respectively. China also plays a significant role in the market, accounting for a 17% share of global total consumption.
| Report Metric | Details |
| Report Name | Permethrin Market |
| Accounted market size in 2023 | US$ 232 million |
| Forecasted market size in 2029 | US$ 311 million |
| CAGR | 5.0 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Sumitomo Chemical, Yangnong Chemical, Bayer, Heranba, Tagros, Meghmani, Crop Life Science Limited, Aestar, Gharda, Guangdong Liwei |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
