Global Pyrethroid market will reach 2409.77 million US$ by the end of 2026

Publisher: QYResearch
Published Date: 2019/10/25

Global pyrethroid market size will increase to 2409.77 million US$ by 2026, from 1846.14 million US$ in 2018, growing at a CAGR of 3.63% during 2019-2026.

First, pyrethroid industry concentration is relatively high. Global major suppliers are Sumitomo Chemical, Yangnong Chemical, Bayer, Heranba, Tagros, Meghmani, Shanghai Tenglong Agrochem, Jiangsu RedSun, Aestar, Gharda, Jiangsu Huangma Agrochemicals, Guangdong Liwei, Jiangsu Huifeng Agrochemical and Yingde Greatchem Chemicals etc. Those manufactures are mainly distributed in China and India. China has the largest production and export region in the world, like Yangnong Chemical and Jiangsu RedSun, both have large production capacity.

Second, global major consumption regions are distributed in North America, Asia Pacific and Europe etc. Asia Pacific is the largest consumption region with sales of 26673 ton in 2018. North America and Europe are separately the second and third largest consumption regions in 2018. In 2018, China is the largest consumption country which consumed 10757 ton pyrethroid.

Third, there are many kinds of pyrethroids currently, including lambda-cyhalothrin, deltamethrin, cypermethrin, bifenthrin and permethrin etc. Global lambda-cyhalothrin consumption increased from 9915 ton in 2014 to 10762 ton in 2018, with a CAGR of 2.07%. Currently, it is the largest kind of pyrethroid.

Fourth, just few manufacturers can produce intermediate. And these manufacturers which have complete industrial chain have certain advantages in the cost of raw materials.

Fifth, this industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of pyrethroid will increase.

Sixth, during past five years, global consumption increased from 44118 ton in 2014 to 47300 ton in 2018, with a CAGR of 1.76%. We tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. In the future, we predict that global demand will be 52584 ton in 2026.

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