Permethrin Market Set for Robust Advancement, Envisioned to Touch US$ 382 Million by 2032
The global permethrin market is poised for substantial growth, with projections indicating its value to reach close to US$ 382 million by 2032, a significant increase from US$ 201.7 million recorded in 2022. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 6.6% throughout the forecast period. Factors such as increasing demand for insecticides for agricultural and public health purposes, coupled with advancements in formulation technologies and pest management practices, are anticipated to drive the market expansion.
Permethrin is mainly used as an insecticide in agriculture. Permethrin is a complex compound used as a toxin in various pesticides. Permetrin molecules are used for applications including pharmaceutical agrochemicals and others. Permethrin is mainly used as an insecticide in agriculture.
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