Press release
Why is the United States a Leading Market for Termite Bait Products?
Termite Bait Products Market
With individuals and industries alike are looking for easy-to-install and less intrusive termite bait systems, manufacturers are spending more on R&D to make better products and improve overall efficacy. Manufacturers of termite bait products are improving their service portfolios by assuring regular checkups and appointing skilled professionals for maintenance purposes.
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How will Termite Bait Products Sales Grow in 2021 and Beyond
The Termite Bait Products industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies. Overall, demand for Termite Bait Products will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
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Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million. Housing is another key demand generator for chemicals sector.
The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm. The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.
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Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Key Termite Bait Products Market Segments
Termite
• Subterranean Termite Bait Products
• Dampwood Termite Bait Products
• Drywood Termite Bait Products
By application, the key segments include
• Commercial & Industrial Termite Bait Products & Systems
• Residential Termite Bait Products & Systems
• Termite Bait Products & Systems for Agricultural & Livestock Fields
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Termite Bait Products companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use.
Key Regions Analyzed
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East & Africa
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Key Country-wise Inclusions
• US Termite Bait Products Market
• Canada Termite Bait Products Sales
• Germany Termite Bait Products Production
• UK Termite Bait Products Industry
• France Termite Bait Products Market
• Spain Termite Bait Products Supply-Demand
• Italy Termite Bait Products Outlook
• Russia & Cis Market Analysis
• China Termite Bait Products Market Intelligence
• India Termite Bait Products Demand Assessment
• Japan Termite Bait Products Supply Assessment
• ASEAN Termite Bait Products Market Scenario
• Brazil Termite Bait Products Sales Analysis
• Mexico Termite Bait Products Sales Intelligence
• GCC Termite Bait Products Market Assessment
• South Africa Termite Bait Products Market Outlook
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Contact:
US Sales Office:
11140 Rockville Pike
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Tel: +1 (628) 251-1583
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