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Oct 10, 2019 6:53 AM ET

Termite Drug Market Poised to reach over US$1.8 Billion by the year 2025


Termite Drug Market Poised to reach over US$1.8 Billion by the year 2025

iCrowd Newswire - Oct 10, 2019

The global Termite Drug market has been developing at an astounding pace with the development of imaginative frameworks and a developing end-client tendency. Worldwide, this market is one of the emergent sectors slated for a significant growth rate during the forecast period (2018-2025). The global termite control market is estimated at USD 3.13 billion in 2017 and is poised to reach over US$1.8 Billion by the year 2025. Subterranean market will bring in healthy gains adding significant momentum to global growth during the forecast period.

 

Major Key Players

BASF SE
Bayer Cropscience AG
Syngenta AG
Sumitomo Chemical Co., Ltd
FMC Corporation
Nufarm Limited
United Phosphorus Limited
Rentokil Initial PLC
Adama Agricultural Solutions Ltd
Nippon Soda Co. Ltd
Control Solution Inc
Ensystex

 

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Market Segmentation

Broadly, The Termite Drug market is segmented into Data by Type and Application. The first market is further segmented into Bifenthrins, Borates, Sulfuryl Fluorides and Others. “By Application” market is further split into Commercial, Residential, Agriculture and Others.

 

Additionally, based on termite control, the market has been segmented into Subterranean termites, Drywood termites, Dampwood termites and Others (conehead termites and desert termites). Based on control method, the termite control market has been Chemical, Physical & mechanical, Biological and Others (radiation and environmental control).

 

Regional Analysis

Geographically, the Termite Drug Production Breakdown Data by Region is bifurcated into North America, Europe, China, South Korea and India.

 

The Termite Drug Consumption Breakdown Data by Region is further classified into North America, United States, Canada, Mexico, Europe, Germany, France, UK, Italy, Russia, Asia-Pacific, China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Central & South America, Brazil, Middle East & Africa, Turkey, GCC Countries, Egypt, South Africa.

 

Representing the developed world, the United States will maintain a 4.4% growth momentum. Within Europe that continues to remain an important element in the world economy, Germany will add over US$53.3 Million to the region’s size and clout in the next 5 to 6 years. Other emerging Eastern European markets will contribute to US$156.8 Million worth of projected demand in the region. In Japan, Subterranean will reach a market size of US$110.8 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits a massive potential to grow at 7.3% over the next couple of years.

 

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Keywords:    Termite Drug Market, Termite Drug Industry, Termite Drug Market Size,Termite Drug Market share, Termite Drug Market Trend, Termite Drug Market Growth

Tags:    Research Newswire, English