April 18, 2024
Cypermethrin Insecticide Market

The Global Cypermethrin Insecticide Market Is Projecetd To Driven By Rising Adoption Of Green Building Standards And Rating Systems

Energy efficient construction has witnessed significant growth over the past decade driven by the need to reduce operational costs for buildings. Energy efficient buildings utilize techniques like optimized insulation, high performance glazing, efficient lighting and HVAC systems to minimize energy consumption. These buildings require lower investments in electricity and fossil fuels, helping lower operating expenses throughout the lifespan of the building. With fuel prices fluctuating constantly, energy efficient designs provide insulation from price volatility of energy sources.

The global Cypermethrin Insecticide Market is expected to witness high growth at a CAGR of 6.5% during the forecast period of 2024 to 2031. The market size was valued at US$ 2.79 Mn in 2024 and is projected to reach US$ 4.81 Mn by 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The key trends in the energy efficient construction market include the rising adoption of green building standards and rating systems globally. Green building standards like LEED and BREEAM promote the use of energy efficient materials, construction techniques and technologies. As of 2022, over 80% of new commercial buildings in the US were certified through LEED. Stringent government regulations regarding energy codes for new buildings have also boosted the market growth. For instance, the European Union adopted the Energy Performance of Buildings Directive in 2018 that mandates all new buildings to be nearly zero-energy buildings by 2021. Rapid urbanization has increased the demand for sustainable and efficient infrastructure development. Growing awareness about climate change and carbon footprint reduction is compelling construction companies to incorporate energy efficient solutions.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the cypermethrin insecticide market is moderate. High capital requirements and environmental regulations pose as a barrier for new companies.

Bargaining power of buyers: The bargaining power of buyers is high given the availability of alternatives in the insecticide market. Buyers can negotiate for better prices and demand quality products.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers for the raw materials used to produce cypermethrin insecticide such as petrochemicals.

Threat of new substitutes: The threat of substitutes is high with the presence of alternatives like Bacillus thuringiensis, Phthalic acid esters, nicotinoids etc that provide similar benefits.

Competitive rivalry: The competitive rivalry is high considering the large number of players. Companies compete on pricing strategies and product innovation to gain market share.

Key Takeaways

The Global Cypermethrin Insecticide Market Demand is expected to witness high growth at a CAGR of 6.5% during the forecast period of 2024 to 2031. The market size was valued at US$ 2.79 Mn in 2024 and is projected to reach US$ 4.81 Mn by 2031.

Regional analysis: The Asia Pacific region is expected to dominate the market during the forecast period. Countries like India, China, Indonesia has warm tropical climates that favors growth of insects requiring increased consumption of insecticides.

Key players: Caveman Foods LLC, The Kellogg Company, General Mills, Inc., Mondel─ôz International, Inc. (Clif Bar & Company) and The Simply Good Foods Company (Quest Nutrition LLC) are the major companies operating in the cypermethrin insecticide market. Key players focus on new product launches and expansion strategies to gain higher market share.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it