Termite Control Market Analysis, Share, Size, Trends, & Forecast to 2022

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MarketsandMarkets Presents
Termite Control Market - Forecast to 2022
https//www.marketsandmarkets.com/Market-Reports/t
ermite-control-market-90550477.html
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The global termite control market is estimated at
USD 3.13 billion in 2017 and is projected to
reach USD 4.12 billion by 2022, at a CAGR of
5.62 during the forecast period. The primary
factors that drive the termite control market has
been the growing presence of termite control
service providers in developing economies, and
many instances of insect pest attacks with
respect to climate change. Browse 67 market data
tables and 67 figures spread through 156 pages
and in-depth TOC on "Termite Control - Global
Forecast to 2022 North America accounted for
the largest share in the termite control market
in 2016 North America accounted for the largest
market share in 2016, due to significant demand
for termite control services in commercial
establishments (such as manufacturing units,
hotels, and restaurants) and industries (such as
food processing and pharmaceutical sectors) in
the region. The housing market in North America
has been witnessing growth. Further, the growth
in awareness and rise in concerns about the
damages caused by termites have resulted in
increased demand for termite control services in
this region, as most of the constructions are
generally based on wood. There are operational
constraints for using termite control products
with respect to the restrictions on the use of
active ingredient content, such as frequency
maximum rate of application and potential impact
on the sensitive and non-target species. In the
developed countries such as the US, the UK, and
Germany, these control applications are also
required to be licensed and certified, while in
the developing regions, the technicians are
unskilled laborers, due to which the risks to
them and the customers remain high. This is one
of the major restraints of using termite control
products globally. Download PDF Brochure
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• The years considered for the study are as
  follows
• Base year 2016
• Estimated year 2017
• Projected year 2022
• Forecast period 2017 to 2022
• The objectives of the report
• To define, segment, and measure the termite
  control market with respect to its species,
  application, control method, and key region.
• To provide detailed information regarding the
  crucial factors influencing the growth of the
  market (drivers, restraints, opportunities,
  industry-specific and challenges).
• To strategically profile the key players and
  comprehensively analyze the competitive landscape
  for the market leaders.
• Analyzing the demand-side factors based on the
  impact of macro and microeconomic factors on the
  market and shifts in the demand patterns across
  different subsegments and regions.
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Chemical control segment dominated the market in
2016 Chemical methods are highly used to control
termites. Chemical termiticides are synthetic
substances used to kill termites, either by
contact or by systemic action. Chemicals used in
the termiticides are mixed with water, and are
hence easily applicable on the affected area. The
ease in application has made this control method
more convenient to use by termite control
solution providers. The chemical control methods
accounted largest market share in 2016. Due to
stringent regulations pertaining to the usage of
chemical compounds, the European market is
projected to witness a slow growth. Chemical
control methods include chemicals of various
classes such as organophosphates, synthetic
pyrethroids, phenylpyrazole, chlorinated
hydrocarbons, chloronicotinyls, and others such
as trifluoromethyl aminohydrazones, borates,
pyrroles, and fluoroaliphatics. Residential
segment is projected to be the fasting-growing
application from 2017 to 2022 The application of
termite control in the residential segment is
projected to grow at the highest CAGR from 2017
to 2022. The increase in population density,
climate change, and growth in awareness among
public households for termite control are the
driving factors in developed markets such as
North America and Asia-Pacific. The key players
identified have a strong presence in the global
termite control market. The leading players in
the market include BASF SE (Germany), Syngenta AG
(Switzerland), Dow Chemical Company (US),
Sumitomo Chemicals (Japan), and FMC Corporation
(US). Request Sample https//www.marketsandmarke
ts.com/requestsampleNew.asp?id90550477  
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