Pyrethroids Market to Witness Comprehensive Growth by 2023
Pyrethroids
are organic insecticides that are synthetic analogs of pyrethrins.
Pyrethrins are natural insecticides derived from pyrethrums found in
flowers of Chrysanthemum cinerariaefolium and Chrysanthemum
coccineum. Pyrethroids, which means ‘pyrethrin-like’, are widely
used as household insecticide against arthropods (insects). It is a
systemic insecticide that acts as a nervous toxin (inhibits
depolarizing of the axons of the sodium voltage-gated pump) and leads
to paralysis and eventual death of the targeted insects. Pyrethroids
insecticides have a peculiarly short life and biodegrade immediately
in the presence of sunlight due to high light sensitivity.
Pyrethroids are little or non-toxic to humans and other mammals, aves
and reptiles, moderately toxic to fish, amphibians and other aquatic
fauna, and extremely toxic to insects. However, long term acute
exposure could result into skin irritation and other diseases
symptomatic of respiratory disorders in sensitive individuals.
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Pyrethroids
insecticides are primarily used as broad spectrum household and
industrial insecticides against bugs and flying insects. These are
extensively used by the household insecticide formulators across the
world. Pyrethroids insecticide has been recognized as a substitute
for environmentally harmful insecticides by the U.S. Environment
Protection Agency (EPA) when used in regulated quantities. It is the
key active ingredient in a variety of insecticide formulations (more
than 35,000 formulated products).
The
pyrethroids insecticide market is driven by rising demand for hygiene
products for the rapidly increasing global population and households.
Pyrethroids are one of the safest insecticides currently in
commercial use. High potency and effectiveness have earned
pyrethroids the position of the preferred ingredient in household and
industrial insecticides. However, supply constraints due to its
natural origin are expected to be the major restraining factor of the
pyrethroid insecticides market. Additionally, pyrethroids are highly
susceptible to breakdown in sunlight, heat and moisture, which
restricts their use in farms, fields and open spaces. In order to
counter this deficiency, a second generation of pyrethroid
insecticides has been developed; however, these are more toxic to
mammals and other animals.
In
terms of geography, Asia Pacific is the largest consumer of
pyrethroid insecticides riding on high sales of insecticide products
to its large population base. Emerging economies including China,
India, Malaysia, Thailand and Indonesia are the major consumers of
pyrethroid insecticides for application in a variety of insecticide
formulations. Populous countries including China and India are
growing rapidly and there is a general increase in prosperity of the
population. This in turn is expected to drive demand for hygiene
products and for pyrethroid insecticides. Major market players have
established their production facilities in Asia due to the
availability of cheap labor and land, and comparatively lenient norms
and regulations against chemicals. Australia and Africa are the chief
cultivators of the chrysanthemum flowers that are used to derive
pyrethroids. North America is another key consumer of pyrethroids.
Brazil, South Africa and Central Africa contribute to major demand
for pyrethroids in Rest of the World. Brazil is one of the world’s
most populated tropical countries, which makes it an attractive
market for pyrethroid insecticide suppliers. Europe is expected to
grow comparatively slower than other parts of the world due to strong
government control over potentially harmful chemicals.
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of the key players in the pyrethroids insecticide market include
Monsanto, Syngenta AG, Dow AgroSciences, Bayer CropScience, Shanghai
Mingdou Agrochemical Company Limited, Sumitomo Chemical Corporation
and SinoHarvest Corporation.
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