Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Transfluthrin is a pyrethroid insecticide with a short residual effect. Flies, mosquitoes, butterflies, and cockroaches are all eliminated by it. Transfluthrin is a highly flammable liquid that can be used as a contact and inhalation agent.
The global transfluthrin market is estimated to surpass US$ 218.5 Mn by the end of 2028, in terms of revenue, exhibiting at a CAGR of 6.8% during the forecast period (2021 to 2028).
As a result of globalization and rising incomes, consumers are willing to spend more on household insecticides. The global transfluthrin market is growing because consumers' disposable income has expanded, allowing them to spend more on products other than basic necessities. Increased occurrences of stagnant water also contribute to an increase in mosquito breeding, making transfluthrin more necessary for effective mosquito control. Increased awareness of sustainable environmental sanitation utilizing household pesticides is also driving the global transfluthrin market growth. People are becoming more aware of the risks connected with vector-borne diseases, which is projected to affect the dynamics of the global transfluthrin market in a positive way throughout the forecast period.
Asia-Pacific dominated the global transfluthrin market in 2020, accounting for 55.7% share, in terms of revenue, followed by North America, and Europe, respectively. As a result of increase in globalization and rising incomes of consumers throughout the world.
Figure 1. Global Transfluthrin Market, Volume Share (%), By Region, 2020
Global transfluthrin market growth is expected to be hampered by decreasing demand for transfluthrin insecticide. Humans and other mammals are not particularly harmed by transfluthrin. In susceptible individuals, long-term acute exposure, on the other hand, may cause skin irritation and other breathing problems. As a result, the market for Transfluthrin may be restricted. This resulted in a shift in the market toward insecticides that are less hazardous, such as neem oil insecticide and diatomaceous earth insecticide.
The global transfluthrin market would be driven by transfluthrin's high effectiveness. There have been numerous studies demonstrating transfluthrin's lethal and repelling capabilities against mosquitoes. For instance, according to a 2007 study by Dong-Kyu Lee of the Department of Health and Environment, in unventilated and ventilated screened room conditions, the lethal efficacy of three vaporizing insecticides – 0.6% transfluthrin and 0.6% metofluthrin in portable battery-powered blowers and 2.5% bioallethrin in electric mats – Transfluthrin and metofluthrin were very toxic to the mosquitos. Mosquitoes exposed to transfluthrin and metofluthrin in portable blowers died at a rate of 95% to 100% in both room conditions; this was a >2.4-fold higher mortality rate than mosquitoes exposed to bioallethrin in electric mats under the same conditions.
Transfluthrin Market Report Coverage
||Market Size in 2020:
||US$ 132.6 Mn
|Historical Data for:
||2017 to 2019
||2021 to 2028
|Forecast Period 2021 to 2028 CAGR:
||2028 Value Projection:
||US$ 218.5 Mn
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- By Product Type: Purity >90%, Purity >95%, and Purity >99%
- By Application: Mosquito Repellents, Flies Repellents, Cockroach Repellents, and Others
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
- Owing to globalization and greater purchasing power, consumers are willing to spend more on home insecticides
- Owing to an increase in the number of cases of mosquito-borne diseases
|Restraints & Challenges:
- Decreasing demand for transfluthrin insecticide
- Harmful impact of transfluthrin use
Figure 2. Global Transfluthrin Market – Opportunity Analysis
Increased threats from infectious diseases such as malaria, as well as a higher focus on insect control measures by local and national government agencies, are expected to move the global transfluthrin market forward. Insecticides used at home are becoming safer and more environmentally friendly, with synthetic pyrethroids being used more frequently in the preceding years. For instant, in October 2020, according to new studies from the University of Notre Dame, a spatial repellent solution designed by SC Johnson could decrease dengue and Zika infections by 34%.
Figure 3. Global Transfluthrin Market, Volume Share (%), By Application, in 2020
On the basis of application, Mosquito Repellents dominated the global transfluthrin market in 2020, accounting for around 74.6% of market share, in terms of volume, followed by Flies Repellents, and Cockroach Repellents segment, owing to increasing demand for hygiene products due to the world's rapidly growing population of insects.
Global Transfluthrin Market - Impact of Coronavirus (Covid-19) Pandemic
During and after the COVID-19 pandemic, there was a favourable impact on market growth. Although challenges such as increased competition from insect repellents and pest control devices may limit the global transfluthrin market expansion, however, the rising prevalence of mosquito-borne diseases is boosting the global transfluthrin market.
Key players operating in the global transfluthrin market 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.
Few Recent Developments
For instance, in November 2020, Bayer AG, a German agrochemicals company, announced that they had opened a new Ethiprole production facility at its Vapi site in Gujarat, with a US$ 28.28 million investment.