PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608721
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608721
Global transfluthrin market is estimated to be valued at USD 177.7 Mn in 2024 and is expected to reach USD 240.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2024: | 177.7 Mn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 4.40% | 2031 Value Projection: | 240.2 Mn |
Transfluthrin is a synthetic pyrethroid insecticide used for pest control. It is commonly used as an active ingredient in indoor home insecticide products to control flying and crawling insects such as mosquitoes, flies, ticks, and fleas. Transfluthrin provides effective and long-lasting protection as it quickly disables the nervous systems of insects.
Rising awareness about vector borne diseases and increasing spending on pest control solutions are driving the global transfluthrin market. Growing demand for effective yet safe indoor home insecticides is also fueling the market growth. However, risks of health issues with prolonged exposure and preference given to natural and organic products are restraining the market growth. The development of new application methods that require lower concentrations and provide targeted solutions can provide growth opportunities for market players. It is available in various formulations like aerosols, coils, and liquid vaporizers that release the vapor form of the insecticide which spreads throughout an enclosed indoor space. Transfluthrin does not leave long lasting and toxic residues and hence considered safer for indoor use. Growing public awareness about insect-borne diseases is also fueling its adoption. However, stringent regulations pertaining to the use of synthetic pyrethroids may hinder the market growth.
This report provides in-depth analysis of the global transfluthrin market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global transfluthrin market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Bayer AG, Jiangsu Yangnong Chemcal 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
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global transfluthrin market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global transfluthrin market