Key Takeaways from Analyst
The market is expected to experience steady growth over the forecast period driven by increasing usage of transfluthrin as a mosquito and insect repellent. The rising prevalence of mosquito-borne diseases such as dengue, malaria, Zika virus, and chikungunya across tropical and subtropical regions worldwide will drive continuous demand for effective insecticides such as transfluthrin. Additionally, growing consumer awareness about the health implications of insect-borne illnesses is also anticipated to boost market sales.
The Europe region currently dominates the global transfluthrin market and is expected to maintain its leading position throughout the forecast period. Escalating instances of dengue and malaria infections coupled with rising spending on healthcare and effective vector control in highly populated Asia Pacific countries such as India and Indonesia are fueling transfluthrin consumption. Stringent regulatory norms pertaining to insecticide residue levels in agricultural products may hinder the market growth to some extent over the coming years.
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