Mosquito-Repellent Paints Markets
Mosquito-Repellent Paints Markets
The global mosquito-repellent paints market size is projected to reach $544.7 million by 2030, a CAGR of 6.8% from 2021 to 2030.
WILMINGTON, DELAWARE , UNITED STATES, April 11, 2024 /EINPresswire.com/ -- The global mosquito-repellent paints market generated $283.7 million in 2020, and is expected to reach $544.7 million by 2030, witnessing a CAGR of 6.8% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
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According to the report published by Allied Market Research, the Mosquito-Repellent Paints Market by Sales Channel (Specialty Stores, Franchise Stores, Company Owned Online Channel, and Third Party Online Channel), Application (Interior Walls and Exterior Walls), and End Use (Commercial, Residential, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2030.
Increase in awareness regarding diseases spread through mosquitos and surge in global warming and emission of greenhouse gases drive the global mosquito-repellent paints market. However, fatal effects of toxic and chemical substances hinder the market growth. On the other hand, rapid innovations and huge investments of the manufacturers toward development of herbal and plant-based mosquito paints create new opportunities in the coming years.
Leading players of the global mosquito-repellent paints market analyzed in the research include Adapta Powder Paints, Basco Paints, Apollo Paints Pvt. Ltd., Crown Paints, Corion Innovative Paints Srl, Kansai Paints, Dulux Paints, Paints and Coatings Manufacturer Nigeria Limited, Nippon Paint, and Pro-Painting.
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Key findings of the study
Region-wise, LAMEA is projected to witness growth at the highest CAGR in terms of revenue during the forecast period.
As per the mosquito-repellent paints market analysis, by sales channel, the third-party online channel segment accounted for the largest share in 2020.
On the basis of application, the interior wall segment was the major share contributor in 2020.
Depending on end use, the residential segment accounted for the largest market share in 2020.
Based on sales channel, the third party online channel segment held the highest share in 2020, contributing to nearly one-third of the total share, and is estimated to maintain its dominance during the forecast period. However, the company owned online channel segment is projected to portray the largest CAGR of 7.5% from 2021 to 2030.
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Based on end use, the residential segment accounted for the largest share in 2020, contributing to more than half of the total share of the global mosquito-repellent paints industry and is expected to maintain its lead position throughout the forecast period. However, the industrial segment is projected to witness the highest CAGR of 7.4% from 2021 to 2030.
Based on region, Asia-Pacific contributed to the highest share in 2020, accounting for nearly two-fifths of the total share, and is projected to maintain its leadership status by 2030. Moreover, this region is estimated to witness the fastest CAGR of 7.8% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
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