Press release
Liquid Termiticides Market 2022 Trends, Share, Size, Growth, Opportunity and Forecast to 2031
Liquid Termiticides Market 2022
According to research, liquid Termiticides market is projected to grow at a CAGR of 4%-6% during the forecast period of 2021-2031.
Demand for this product will be witnessed across all regional markets. Due to its long term effectiveness, ease of application, and quick results, the market for this chemical is set to prosper.
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What is Driving Demand for Liquid Termiticides?
Liquid Termiticides are in demand due to their unavoidable properties that make them suitable for application in majority of commercial areas and households.
These chemicals are specially designed to kill termites and are commonly applied as a form of barrier to control infestations of subterranean termites near and around target areas. The barrier formed works by not only keeping termites away from the structure but also by killing those that penetrate the treated area.
These termiticides have a variety of application areas like along the foundation, beneath concrete slabs, within foundation walls, etc. They are directly injected into the ground or sprayed in the application areas, ensuring a larger area of impact.
Their competitive advantages over other termite solutions like termite baits and baiting stations, provide them with an edge in the market. The chemicals provide a long term solution to get rid of probable or current termite manifestations. Their effect are long term lasting for more than five years, whereas other solutions last for a short while or maximum a year, requiring annual maintenance. They also provide immediate protection to any structure.
Key Companies-
Who are the Key Manufacturers and Suppliers of Liquid Termiticides?
Some of the key players operating in the global market are
• BASF SE (Germany)
• Bayer AG (Germany)
• FMC Corporation (US)
• Tata Chemicals Limited (India)
• SBM Life Science Corporation (US)
• Spectrum Brands Inc. (US).
The number of companies manufacturing this chemical is gradually increasing, as the utilization benefits of it are being realized. This is contributing to the robust growth of the market.
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Europe Liquid Termiticides Market Outlook
The European region dominates the global market of liquid termiticides, with the maximum share. This can be attributed to the presence of majority of key players in this region.
Germany plays home to some of the leading producers of liquid termiticides that will continue to increase its profitability and hold opportunities of expanding their production capacities and portfolios. This will add to the growth of the chemicals market in the forecast period.
MEA Liquid Termiticides Market Outlook
The Middle East and African region is expected to witness a steady rise in the market of this product due to the profound use of this chemical in many countries in the region. The rate of termite destruction is the highest in the region with huge property losses occurring annually. This cause of concern will boost the growth of liquid termticides market in the forecast period.
Key Segments
o By Application Time
• Pre-Construction
• Post-Construction
o By Application
• Commercial and Industrial
• Residential
• Agriculture
o By Termite
• Subterranean
• Damp Wood
• Dry Wood
o By End Use
• In Ground
• Above Ground
o Key geographies evaluated in this report are:
• North America - U.S, Canada
• Europe - France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
• APAC - China, India, Japan, Australia, Others
• Latin America - Argentina, Brazil, Others
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Key Questions Answered in This Report.
• What will the Market growth rate in Future?
• What are the key factors driving the global Market?
• Who are the key manufacturers in Market space?
• What are the opportunities and threats faced by the vendors in the global industry?
• What are sales, revenue, and price analysis by regions of industry?
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