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

1. MarketsandMarkets™ Presents Termite Control Market - Forecast to 2022 https://www.marketsandmarkets.com/Market-Reports/termite-control-market-90550477.html

2. 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: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90550477

3. 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. • Request for New Version: https://www.marketsandmarkets.com/RequestNewVersion.asp?id=90550477

4. 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.marketsandmarkets.com/requestsampleNew.asp?id=90550477

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