Global Alpha-cypermethrin Market, By Application (Agrochemicals, Veterinary Medicine, Others), and opportunities and forecast 2020-2027
Alpha-cypermethrin Market Overview Insecticides contain the synthetic chemical alpha-cypermethrin as an active component. It has a wide range of effects on insects, including chewing and sucking insects. It's also utilized in the manufacture of veterinary drugs. The global Alpha-cypermethrin market is expected to grow at a significant rate in the coming years.
The global alpha-cypermethrin market is being driven by rising demand for agrochemicals to protect crops from insects and pests. Increased population expansion and high food demand, as well as an increase in the requirement for pest control in both indoor and outdoor spaces, are all aspects that are expected to boost the market growth.
On the other side, Alpha-cypermethrin is toxic to mammals and causes skin and eye irritation when it comes into touch with them. This aspect is impeding the global market's growth. As a result, alpha-cypermethrin products must be handled with care.
| Report Metric |
Details |
| Market size available for years |
2019–2027 |
| Base year considered |
2019 |
| Forecast period |
2020–2027 |
| Forecast unit |
Value (USD Million) |
| Segments covered |
Application, and Region. |
| Regions covered |
North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered |
BASF SE, Bharat Group, PubChem, Heranba Industries Limited, Sigma-Aldrich, IPCS Inchem, Kalyani Industries Ltd., Wanksons Chemical Industries Limited, VKA Polymers, The Jhaver Group. |
Covid-19 Impact on Alpha-cypermethrin Market The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Alpha-cypermethrin Market Segment Overview
According to the Application, the global Alpha-Cypermethrin market is classified into, agrochemicals, veterinary medicine, and others. The Agrochemicals segment accounted for the maximum share of the alpha-cypermethrin market. The rising demand for food owing to the increasing population has enlarged the need for agrochemicals. This is the crucial aspect to boost the growth of the alpha-cypermethrin market in the forecast period.
Alpha-cypermethrin Market, By Application
· Agrochemicals
· Veterinary Medicine
· Others
Alpha-cypermethrin Market Regional OverviewRegion-Wise, Asia Pacific held the largest share of the global alpha-cypermethrin market. Growth in the agriculture and veterinary medicine industry is the key factor anticipated to rise the alpha-cypermethrin demand in this region. Further, developing countries like China and India are highly populated and have large agricultural lands. This factor also helps to boost the growth of the alpha-cypermethrin market in the Asia Pacific.
Alpha-cypermethrin Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Alpha-cypermethrin Market, Key Players· BASF SE
· Bharat Group
· PubChem
· Heranba Industries Limited
· Sigma-Aldrich
· IPCS Inchem
· Kalyani Industries Ltd.
· Wanksons Chemical Industries Limited
· VKA Polymers
· The Jhaver Group
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Alpha-cypermethrin market?
A. The global alpha-cypermethrin market is being driven by the rising demand for agrochemicals to protect crops from insects and pests
Q2. What are the restraining factors for the Alpha-cypermethrin market?
A. Alpha-cypermethrin is toxic to mammals and causes skin and eye irritation when it comes into touch with them. This aspect is impeding the global market's growth
Q3. Which segment is projected to hold the largest share in the Alpha-cypermethrin Market?
A. Agrochemicals segment is projected to hold the largest share in the Alpha-cypermethrin Market
Q4. Which region holds the largest share in the Alpha-cypermethrin market?
A. the Asia Pacific held the largest share in the global Alpha-cypermethrin market
Q5. Which are the prominent players in the Alpha-cypermethrin Market?
A. BASF SE, Bharat Group, PubChem, Heranba Industries Limited, Sigma-Aldrich, IPCS Inchem, Kalyani Industries Ltd., Wanksons Chemical Industries Limited, VKA Polymers, The Jhaver Group. are some key players in the Alpha-cypermethrin Market.
