The global permethrin market is poised for substantial growth, with projections indicating its value to reach close to US$ 382 million by 2032, a significant increase from US$ 201.7 million recorded in 2022. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 6.6% throughout the forecast period. Factors such as increasing demand for insecticides for agricultural and public health purposes, coupled with advancements in formulation technologies and pest management practices, are anticipated to drive the market expansion.
Permethrin is mainly used as an insecticide in agriculture. Permethrin is a complex compound used as a toxin in various pesticides. Permetrin molecules are used for applications including pharmaceutical agrochemicals and others. Permethrin is mainly used as an insecticide in agriculture.
It acts as an insecticide lethal to bees, so it is used to protect crops from bees. Other parasites are also killed using permethrin. It is also used for domestic insect control activities. Woolen fabrics are also protected from insect attack using permethrin.
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One of the major pharmaceutical applications of permethrin in humans is to treat head lice. Permethrin is sold as a cream or lotion to treat scabies and head lice. Wheat, corn, cotton, and alfalfa are few crops protected by pesticides made with permethrin.
It is also used as a mosquito repellent. Permethrin is sold in the market under many brand names including Nix, Acticin, Elimite, Clearkin, DAT, Gzlthrin, and more. Increasing use of permethrin in various industries is expected to boost its demand over the forecast period.
Global Market Dynamics
Permethrin’s high toxicity to insects is driving its demand in various insecticidal applications.
Permetrin is highly lethal to a variety of parasites and also acts as an anthelmintic against many insects. These properties of permethrin are fueling the demand for permethrin in the market. The pharmaceutical use of permethrin is growing rapidly, including its use in the treatment of head lice.
Growing health awareness and growing population are propelling the pharmaceutical industry at a rapid pace, which is pushing out the demand for permethrin in pharmaceutical applications.
Growing demand for pesticides and pesticides in the agricultural industry is driving the market demand for permethrin in the agricultural industry. The increasing household use of permethrin is also accelerating its demand for a variety of household applications.
Strict regulations for the use of permethrin in various applications
As a highly toxic substance, permethrin has been limited to a few uses in limited quantities. Various regulations of Food and Drug Administration (FDA) in different countries may act as a factor limiting permethrin market growth in a strong way during the forecast period.
Current Trends: Innovation and R&D in the Permethrin Market
A major part of permethrin demand is accounted for by pharmaceuticals, while research and innovation are continuing to find new applications. High-strength permethrin products are only available by prescription in the United States. Therefore, research and development of improved products in combination with other materials are ongoing in this market.
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Permethrin Market: Regional Outlook
In the past few years, an increase in head lice incidence has been observed in both developed and developing countries. Permethrin is used as an active ingredient in head lice treatment, and its demand is increasing in both developed and developing countries.
North America accounted for a large portion of the demand for permethrin and is expected to grow at a moderate pace during the forecast period. Asia Pacific followed North America in terms of demand. Europe is projected to be the third largest market for permethrin sales, whereas Middle East & Africa and Latin America account for a smaller share of the global permethrin market.
High growth has been observed in emerging and densely populated regions such as Asia Pacific. Population density in these regions could be a favorable environment for the spread of head lice driving the demand for permethrin.
Growing agricultural industry and growing demand for pesticides and insecticides in this industry are fueling the demand for permethrin in Asia Pacific.
Global Permethrin Market Participants
Some of the market participants identified across the value chain of the global permethrin market include:
- To install HH Constraints.
- Biodyne-USA, LLC.
- GlaxoSmithKline plc.
- Kanixa Life Sciences
- Delvin Formulations Pvt. (main)
- cure fast cure
- Prestige Consumer Healthcare, Inc.
- Loveland Products Inc.
- Geolife Organics Pvt. (main)
- Wavelength Constraints
- biopore
- Harman Finochem Ltd.
- Kalyani Industries Ltd.
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