Research Nester published a report titled “Liquid Termiticides Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global liquid termiticides market in terms of market segmentation by application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global liquid termiticides market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 – 2035. The market is segmented by end-user into domestic, construction, industrial, and others, out of which, the construction segment is anticipated to garner the largest share in terms of revenue, over the forecast period, owing to the government regulation over compulsory termite treatment during construction of buildings, especially in the foundation walls.
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The global liquid termiticides market is estimated to grow on the back of increasing incidences of severe termite infestation, and long-term effect of liquid termiticides are estimated to boost the market growth. Liquid termiticides offer termite protection for a longer period of time, typically, several years, as opposed to the other methods, such as, termite bait. Moreover, the growing demand for liquid termiticides in the construction industry is estimated to boost the market growth.
On the basis of geographical analysis, the global liquid termiticides market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is projected to gain the largest market share, throughout the forecast period, owing to the rising construction activities in the region. The U.S. construction industry valued around USD 1.4 trillion in 2020.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Increasing Construction Activities to Boost the Growth of the Market
Liquid termiticides are primarily used in the construction sector to protect the buildings from any termite infestation. Termites can not only infect the doors and furniture, but also the foundational walls and concrete structure of the building. To avoid this, termiticides are used during construction. As a result, the demand for liquid termiticides is estimated to increase over the forecast period.
However, strict regulations regarding the cidal chemicals, and long and slow procedure of product approval are expected to operate as key restraint to the growth of global liquid termiticides market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global liquid termiticides market which includes company profiling of Hindustan Chemical Corporation, Kureha Corporation, Gujarat Fluorochemicals Limited, Arkema S.A., AGC Inc., Compagnie de Saint-Gobain S.A., Solvay S.A., Fengyuan Group, and BASF SE. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global liquid termiticides market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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