What is Global Synthetic Pyrethroids Market?
The Global Synthetic Pyrethroids Market is a vast and dynamic sector that deals with the production, distribution, and consumption of synthetic pyrethroids. Synthetic pyrethroids are a type of pesticide that is chemically engineered to mimic the natural insect-killing properties of the chrysanthemum flower. They are widely used in a variety of sectors due to their high effectiveness and low toxicity to humans. The market for these products is truly global, with demand stemming from all corners of the world. As of 2022, the market was valued at a substantial US$ 2046 million, and it is projected to grow even further to reach US$ 2719.6 million by 2029. This represents a compound annual growth rate (CAGR) of 4.1% during the forecast period of 2023-2029.
Alphamethrin, Cypermethrin, Deltamethrin, Permethrin, Transfluthrin, Lambda Cyhalothrin, Bifenthrin, Other in the Global Synthetic Pyrethroids Market:
The Global Synthetic Pyrethroids Market is segmented based on the type of synthetic pyrethroids, which include Alphamethrin, Cypermethrin, Deltamethrin, Permethrin, Transfluthrin, Lambda Cyhalothrin, Bifenthrin, among others. Each of these types has its unique properties and uses. For instance, Alphamethrin is a highly potent synthetic pyrethroid that is used in the control of a wide range of pests. Cypermethrin, on the other hand, is a synthetic pyrethroid insecticide used to control pests in a variety of settings, including homes, industrial sites, and agricultural fields. Deltamethrin is another type of synthetic pyrethroid that is commonly used in the control of mosquitoes and other insects. Permethrin is a synthetic pyrethroid that is used in a variety of insecticidal applications, including the treatment of clothing and gear to prevent insect bites. Transfluthrin is a fast-acting pyrethroid insecticide that is used in products such as mosquito coils and electric mosquito mats. Lambda Cyhalothrin is a synthetic pyrethroid that is used in a variety of applications, including the control of pests in crops, the home, and the garden. Bifenthrin is a synthetic pyrethroid that is used primarily against red imported fire ants.
Agriculture, Public Health, Animal Health in the Global Synthetic Pyrethroids Market:
The Global Synthetic Pyrethroids Market finds its applications in several areas, including Agriculture, Public Health, and Animal Health. In Agriculture, synthetic pyrethroids are used to control a wide range of pests that can damage crops. They are particularly effective against insects, including aphids, caterpillars, beetles, and others. In Public Health, synthetic pyrethroids are used to control pests that can transmit diseases to humans. For instance, they are used in mosquito control programs to prevent the spread of diseases like malaria and dengue. In Animal Health, synthetic pyrethroids are used to control pests that can affect livestock and pets. They are used in products like flea collars and spot-on treatments to protect animals from pests.
Global Synthetic Pyrethroids Market Outlook:
The Global Synthetic Pyrethroids Market outlook highlights the significant growth and expansion of the market. The market was valued at US$ 2046 million in 2022 and is expected to reach US$ 2719.6 million by 2029. This growth is attributed to the increasing demand for synthetic pyrethroids in various sectors, including agriculture, public health, and animal health. The top five manufacturers globally hold a share of about 45%, indicating a relatively concentrated market. China is the largest market for synthetic pyrethroids, accounting for about 40% of the global market, followed by India, which holds about 35% of the market share. In terms of product segmentation, Lambda Cyhalothrin is the largest segment, accounting for about 20% of the market. This data provides a snapshot of the current state of the Global Synthetic Pyrethroids Market and its potential for growth in the coming years.
| Report Metric | Details |
| Report Name | Synthetic Pyrethroids Market |
| Accounted market size in 2022 | US$ 2046 in million |
| Forecasted market size in 2029 | US$ 2719.6 million |
| CAGR | 4.1% |
| Base Year | 2022 |
| 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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| Consumption by Region |
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| By Company | Sumitomo Chemical, Yangnong Chemical, Bayer, Heranba, Tagros, Meghmani, Shanghai Tenglong Agrochem, Jiangsu RedSun, Aestar, Gharda, Jiangsu Huangma Agrochemicals, Guangdong Liwei |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
