According to projections, the global permethrin market is expected to grow significantly, with a value estimated to approach USD 382 million by 2032, a substantial increase from USD 201.7 million in 2022. Over the course of the forecast period, this growth trajectory exhibits a strong compound annual growth rate (CAGR) of 6.6%. It is expected that the market will grow due to factors like rising demand for pesticides for agricultural and public health applications, as well as improvements in formulation technologies and pest control techniques.
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.
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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Key Segments Covered in Permethrin Market Report
Permethrin Market by Application:
- Permethrin for head lice treatment
- Permethrin for pesticides
- Permethrin for pesticides
- Permethrin for acaricides
- Permethrin as a wood preservative
Permethrin Market by End-User:
- Pharmaceutical Permethrin
- agricultural permethrin
- Permethrin for other industries
Permethrin Market by Region:
- North America Permethrin Market
- Latin America Permethrin Market
- Europe Permethrin Market
- East Asia Permethrin Market
- South Asia & Pacific Permethrin Market
- Middle East and Africa Permethrin Market
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