Termite Treatment Chemical Market: Highlights

  • Akin to ants, termites are small insects that eat dead plants and trees or other wooden materials. There are more than 2,300 species of termites across the world. They cause serious damages to home, workplace, etc. and are difficult to get rid of. Often, they thrive discreetly and in inaccessible spots.
  • Termite treatment chemical helps in either eliminating termites or repelling them from buildings and agricultural fields
  • Termite treatment chemical is primarily used in commercial & industrial sector, residential sector, agriculture & livestock farms, and others

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Key Drivers and Restraints of Termite Treatment Chemical Market

  • Demand for termite treatment chemical has been rising due to the growth in construction activities. Termite treatment chemical helps avoid unwanted damages that are caused by termites. According to the Bureau of Labor Statistics, construction is the fastest growing industry in 2020. Thus, expansion of the construction industry is expected to boost the demand for termite treatment chemical during the forecast period.
  • Certain operational constraints have been put in place in terms of usage of termite control products. These include restrictions on frequency & maximum rate of application, and potential impact of termite treatment chemical on sensitive and non-target species. Termite control applications need to be licensed and certified in developed countries such as the U.S., the U.K., and Germany. Often, technicians are unskilled laborers in developing regions. As a result, the risks to them and customers remain high. This is one of the major restraints of using termite control products.

Termite Treatment Chemical Market: Application Segment

  • Based on application, the global termite treatment chemical market can be segmented into commercial & industrial sector, residential sector, agriculture & livestock farms, and others
  • The commercial & industrial sector segment is projected to hold major share of the global termite treatment chemical market during the forecast period. The residential sector segment is estimated to expand at a healthy pace during the forecast period. It is expected to account for vital share of the market by 2027.
  • Expanding at a significant pace, the agriculture & livestock farms segment is anticipated to create significant incremental opportunity in the market during the forecast period
  • Demand for termite treatment chemical is anticipated to remain moderate in other applications in the near future

North America to be Key Region of Global Termite Treatment Chemical Market

  • In terms of region, the global termite treatment chemical market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Consumption of termite treatment chemical is higher in North America that that in other regions. Expansion of the construction industry in various parts of North America is estimated to boost the market in the region in the near future.
  • Agricultural professionals in China are seeking modern practices of farming for sustainable development of agricultural yield. The Government of China has made significant efforts to promote precision farming research. It has funded several projects in this endeavor. This is projected to drive the termite treatment chemical market in the country.
  • In terms of demand, North America holds prominent share of the market. It is followed by Asia Pacific and Europe.
  • The market in Latin America and Middle East & Africa is estimated to expand at a moderate pace during the forecast period

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Key Manufacturers in Termite Treatment Chemical Market

The global termite treatment chemical market was highly fragmented in 2018. Key manufacturers operating in the global market include:

  • Rentokil Initial plc
  • BASF SE
  • Velcare International
  • The Dow Chemical Company
  • Sumitomo Chemical
  • Amchem

Global Termite Treatment Chemical Market: Research Scope

Global Reactive Adhesives Market, by Product Type

  • Hexaflumuron
  • Chlorpyrifos
  • Imidacloprid
  • Others

Global Reactive Adhesives Market, by Application

  • Commercial & Industrial Sector
  • Residential Sector
  • Agriculture & Livestock Farms
  • Others

Global Termite Treatment Chemical Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note:Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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