Transfluthrin Market Statistics, Segment, Trends and Forecast to 2030.
The global transfluthrin market was worth USD 132.6 million in 2020 and is poised to amplify with a CAGR of 6.8% over 2022-2030, thereby amassing USD 218.5 million by end of the assessment timeline.
A pyrethroid pesticide with a brief residual impact is transfluthrin. It gets rid of cockroaches, flies, butterflies, and mosquitoes. The extremely flammable liquid transfluthrin can be applied topically or inhaled.
Consumers are prepared to spend more on household pesticides as a result of globalisation and increased affluence. The expansion of consumer discretionary income and consumers' increased ability to spend more on items other than necessities are driving the growth of the global transfluthrin market. Transfluthrin is more essential for successful mosquito control because more instances of stagnant water also lead to more mosquito breeding. The global transfluthrin market is expanding as a result of rising awareness of environmentally friendly home pesticide sanitation.
People are becoming more aware of the dangers associated with vector-borne diseases, which is anticipated to positively impact the market dynamics for transfluthrin over the course of the forecast period.
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The great efficacy of transfluthrin would drive the worldwide transfluthrin market. Numerous investigations have shown that transfluthrin is both deadly and effective at keeping mosquitoes away. For instance, a 2007 study by Dong-Kyu Lee of the Department of Health and Environment found that three vaporising insecticides - 0.6% transfluthrin and 0.6% metofluthrin in portable battery-powered blowers and 2.5% bioallethrin in electric mats - had a lethal efficacy in unventilated and ventilated screened room conditions. Transfluthrin and metofluthrin were extremely toxic to mosquitoes. This was a >2.4-fold higher mortality rate than mosquitoes exposed to bioallethrin in electric mats under the same settings. Mosquitoes exposed to transfluthrin and metofluthrin in portable blowers perished at a rate of 95% to 100% in both room conditions.
Impact of COVID-19 on the transfluthrin market
The COVID-19 pandemic has had an effect on a number of nations worldwide. Lockdowns, a reduction in commerce, and the closure of numerous enterprises and workplaces across several nations are just a few of the pandemic's response measures that could potentially save lives. These actions, however, have broad economic ramifications that could spark a financial crisis.
A serious demand-supply imbalance has been created by the shortage of raw materials from transfluthrin factories all over the world. The logistics sector is projected to be severely hit by lockdowns related to COVID-19, which will cause manufacturers to be stuck with raw material orders.
main conclusions from the paper
During the anticipated period of 2022 to 2030, the global transfluthrin market is anticipated to expand at a CAGR of 7.2%.
The extremely flammable liquid transfluthrin can be applied topically or inhaled. The insecticide is a pyrethroid with a brief residual action.
Consumers are willing to pay more on household pesticides as a result of globalisation and increased affluence.
During the projection period, it is predicted that the Asia Pacific region would help the market develop.
Key trends in the global transfluthrin market
Increased prevalence of vector-borne diseases will help the sector grow.
Rising pollution levels are overwhelming the planet due to fast population growth and industrialization. This is caused by crowded water systems, unsanitary disposal of human waste, and garbage in residential areas that aren't large. In turn, this encourages pests like cockroaches, mosquitoes, and flies to breed and feed, which is a known vector for the spread of diseases. As a result, both the general public and the concerned organisations are employing effective pest control measures. These elements are expanding transfluthrin's use all over the world.
Global Transfluthrin Market- Segmental assessment
By Product Type
• Purity >90%
• Purity >95%
• Purity >99%
• Mosquito Repellents
• Flies Repellents
• Cockroach Repellents
Global Transfluthrin Market- Competitive Intelligence
The prominent players defining the competitive terrain of this market sphere are Bayer AG, Jiangsu Yangnong Chemical Co., Ltd, Hebei Sanlen Agrochemical Co., Ltd, Aestar (Zhongshan) Co., Ltd, Jiangsu Weunite Fine Chemical Co., Ltd, Shanghai Skyblue Chemical Co., Ltd, LGC Group, S. C. Johnson & Son, Inc., Henan Tianfu Chemical Co. Ltd, and Hefei TNJ Chemical Industry Co. Ltd.
Notably, in November 2020, Bayer AG announced the opening of its new production unit in Vapi, Gujarat to amplify the production of insecticides.
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