Permethrin Market Size, Share, Trends, Growth and Forecast 2032

Permethrin Market Insights

According to a report from Zion Market Research, the global Permethrin Market was valued at USD 215.42 Million in 2023 and is projected to hit USD 388.77 Million by 2032, with a compound annual growth rate (CAGR) of 6.78% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Permethrin industry over the next decade.

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Introduction

Permethrin is utilized for eliminating parasites including head lice, scabies, and ticks from animals & human beings. It is an insecticide in which esterifying alcohol comprises of cyclopropane & 3-phenoxybenzyl alcohol and is substituted by 2, 2-dichlorovinyl group & gem-dimethyl group. Furthermore, Permethrin plays a key part as pyrethroid ester acaricide, scabicide, pyrethroid ester insecticide, agrochemical, and ectoparasiticide. Moreover, Permethrin is a pale brown liquid and is comparatively insoluble in water.

Permethrin Market Overview:

Permethrin is used as a medication or insecticide. Permethrin is sold under the brand name Nix, Elimite, Actini, Clearkin, Gzlthrin, and DAT. Permethrin is also used in the treatment of scabies, and lice. Permethrin is used in the form of lotion or cream. Permethrin is also used as a spray-on for clothes and mosquito nets to kill the insect that touches them. Permethrin includes side effects like rash, irritation after application. The consumption of Permethrin should be avoided during pregnancy. Permethrin belongs to the pyrethroid family of medications. Its mechanism is to disrupt the function of neurons of lice and scabies mites.

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Market Growth Dynamics

Permethrin is used as an effective treatment alternative for treating children suffering from scabies. Furthermore, Permethrin is a synthetic pyrethroid that finds application as a topical 5% cream for treating scabies in children. Moreover, its use for treating patients older than 2 months has received the green signal from U.S. food and drug administration. All these aforementioned factors are anticipated to steer the growth of the Permethrin industry over the forecast period.

Permethrin Market Dynamics:

Pharmaceutical industries are leading in the market as the demand for the medicinal sector is rising due to increasing awareness of health. Rising research and development activities are motivating the application of Permethrin in the agriculture and health industry. As the agriculture sector is dominating in the application of Permethrin. Permethrin is mainly used on cotton, wheat, maize, and alfalfa crops. Permethrin is used as a broad-spectrum antibiotic. Permethrin is independent of its actions it kills indiscriminately as well as intended pests, Permethrin harms beneficial insects, like honey bees as well as cats and aquatic like.

This factor can harm the market growth up to some extent. Permethrin has also got some side effects like a high dose of Permethrin can lead to complications and hamper the market growth. Permethrin is deadly for some parasites and works as a repellant for several insects. This factor of Permethrin is boosting the market growth. Increasing demand for bug spray in the agriculture sector to develop the crops for better productions and healthy growth of crops is further creating a huge demand for Permethrin in the global market. As Permethrin high dose is lethal and injurious to health and is prescribed only under medical supervision has restricted the sales of Permethrin in the market. Additionally, government rules and regulations due to certain side effects of Permethrin is acting as a challenge for market players to enter the global Permethrin market.

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In addition to this, favorable features of the product have made it a very popular option in the treatment of scabies even among the adult population. For instance, it has been deduced & revealed through observations that Permethrin is effective & well tolerated. It is poorly absorbed through the skin and quickly metabolized. Apparently, the product helps in disrupting sodium channel current, thereby resulting in delayed repolarization and causing the death of parasites in all the phases of the diseases.

Permethrin Market: Report Scope

Asia Pacific Market To Contribute Lucratively Towards Overall Market Share By 2025

Affirmative government initiatives such as the National Food Security Mission for increasing the yield of rice, pulses, and wheat are anticipated to increase the demand for pesticides in farming activities. This, in turn, will leverage the growth of the Permethrin industry over the forecasting years.

Key players profiled in the Permethrin industry include-

• Gharda Chemicals Ltd.
• Merck KGaA
• Heranba Industries Ltd.
• Shanghai Bosman Industrial Co.
• Wavelength Pharmaceuticals
• Kalyani Industries
• Bharat Group
• Shenzhen JingLu Biotechnology Co. Ltd
• Crop Life Science Limited
• Aristo Biotech
• Guilin Chany Nutra Limited.

The global Permethrin market is segmented as follows:

By Form

• Liquid
• Powder
• Ready to use spray
• Others (Dust and Paste)

By Application

• Domestic
• Textile
• Agriculture
• Industrial
• Medical
• Personal Care

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa