The global demand for Repellent Termiticides Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Repellent Termiticides are insecticides that tend to repel termites away from structures. Most repellent termiticides are toxic chemicals highly lethal to termites but have lower toxicity levels with mammals. The need for termiticides is mainly due to the high value of the structural property, zero-tolerance action threshold of termite infestation in residential structures. These termiticides can be used during the pre-construction stage and for faster termite control. They don't kill the termites but make the soil termite un-friendly. These chemicals are perceived to be environmental friendly and are quite easy to apply.
The key factors for market growth are rapid urbanization, awareness of public hygiene, initiative from the government in the maintenance of structural properties and increasing global temperatures. The market is expected to boom due to the need for innovative products and increasing demands in the hospitality and tourism sectors. The factors that could hinder the market are the higher cost of operation, lack of awareness, termites becoming resistant to these chemicals over time and the lengthy application process.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of repellent termiticides.
The entire repellent termiticides market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Commercial and Industrial
- Livestock Farms
This section covers regional segmentation which accentuates on current and future demand for repellent termiticides market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Repellent Termiticides Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Repellent termiticides market include BASF, Syngenta AG, Bayer CropScience, Sumitomo Chemical, FMC Corporation, Nufarm Limited, United Phosphorus Limited, Rentokil Initial plc, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.