Pyrethroids Market

Pyrethroids Market Segmenetd by Product Type, Crop
Type, and Geography - Trends and Forecast till 2025
Pyrethroids are synthetic compounds similar to pyethrin, a natural compound
produced by flowers of Chrysanthemum cinerariaefolium and Chrysanthemum
coccineum. These acidic lipophilic compounds have potent insecticidal property
and can paralyze nervous system of insects. Ketoalcoholic esters of pyrethroic
acid and chrysanthemic acid induce the insecticidal property in pyrethroids. The
naturally occuring pyrethrins are sensitive to heat, light, and moisture. However,
synthetic pyrethroids have improved stability and are highly toxic among insects
compared to mammals. The high toxicity is due to increased sensitivity to the
nerves of the insects. The compound is less absorbed in mammalian skin and
mammals possess efficient hepatic metabolism, which reduces the effect of the
compound compared to organophosphorous insecticides that are highly toxic.
Pyrethroids are widely used to produce pesticides for use in agriculture,
hospitals, homes, schools, and restaurants. Moreover, the compounds are used
for topical head lice treatment and are used in smoke coils, aerosol sprays,
electric mats, oil formulations, wettable powders, emulsifiable concentrates, and
dustable powders.
High adoption of pesticides to increase crop yield and increasing demand for
household products such as pet sprays and shampoos, insect repellent products,
and lice treatment products containing pyrethroids are major factors propelling
growth of the pyrethroids market.
However, adverse effects of pyrethroid pesticides on aquatic ecosystem and
growing demand for bio pesticides are some of the key factors restraining
growth of the pyrethroids market.
Based on product type, the pyrethroid market is segmented into bifenthrin,
deltamethrin, permethrin, cypermethrin, cyfluthrin, and others. Based on
product types, bifenthrin segment accounted for the largest share of more than
35% in the global market in 2016 and is expected to retain market dominance
throughout the forecast period, although a decline in the market share is
expected during the forecast period. The usage of bifenthrin as a chemical is
restricted in the U.S, owing to high toxic nature. However, the same is sold for
daily usage provided that, the products have a low concentration of bifenthrin.
Bifenthrin was first discovered and developed by FMC Corporation.
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The global pyrethroids market was valued at US$ 3.82 billion in 2016 and is projected to witness a CAGR of 4.65% in terms of revenue, during 2017 – 2025, to reach US$ 5.71 billion by 2025