Transparency Market Research in its new report titled, “Methoprene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the methoprene market. The TMR report anticipates that the rising demand from numerous end-use applications and recommendation for dosage of methoprene by WHO will drive the methoprene market during the forecast period i.e, 2018-2026.
The TMR report has segregated the Methoprene Market in terms of type, application and region. Based on type, the methoprene market is split into s-methoprene and r-methoprene. S-methoprene is an important hormone in insects. It can be used against fleas, moths, beetles, flies, and other insects. S-methoprene is a synthetic mimic of a natural insect hormone that prevents immature insects from developing into adults. S-methoprene is approved for insect control by the EPA in homes, for stored grains, on pets, and as cattle feed through. In terms of application, the methoprene market is divided into agriculture and gardens, livestock pest control, commercial pest control, and others. The others segments in methoprene market includes household, wastewater treatments, sewage, drinking water, and others. The agriculture and gardens segment is estimated to account for a substantial market share during the forecast period, followed by livestock pest control. Methoprene is commonly added to insecticide products because it affects the insects that survive exposure to the other pesticides. It comes in several formulations including dusts, granules, ready-to-use liquids, pressurized sprays, and in flea collars. Methoprene is commonly found in flea treatments for dogs and cats, in cattle feed to control flies, and in mosquito control products. It is also used in insect baits and home insect sprays.
From a regional perspective, the methoprene market is split into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, North America is expected to dominate the methoprene market during the forecast period, followed by Europe. The majority of market share of North America in the global methoprene market is ascribed to the growing concerns regarding sustainability and safety of chemicals for pest control. Asia Pacific contributes significantly to the overall methoprene market, due to the expansion of the manufacturing industry in countries such as Japan, China, and India. Latin America and Middle East & Africa also account for significant market shares. This can be ascribed to the increase in demand for methoprene from end-use industries in these regions. Major companies operating in this market are profiled in this report to give a better competitive analysis and these include Cayman Chemicals, Merck, BASF, Bayer Cropscience, Sumitomo Chemical, ADAMA, Syngenta, FMC, Mitsui Chemicals, AgBiTech, and Corteva Agriscience. The key strategy followed by the global players is mergers and acquisitions. For instance, in 2014 ADAMA acquired Control Solutions to expand its agricultural product segment. Regional players such as MGK, Valent, and Russell IPM also have a significant role in the expansion of the methoprene market.
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