According to the report published by Allied Market Research, “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”, As per the report, 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 provides in-depth analysis of the global market along with the current trends and future estimations. This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
Rise in temperature due to global warming has increased the population of mosquitos, which in turn, has boosted the demand for mosquito repellents paints across the world. These are applied on the interior walls of residential and commercial buildings for self-cleaning in dwelling places and for becoming a breeding zone.
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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.
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, LAMEA accounts for the largest share of the market, followed by Asia Pacific. The LAMEA dominates the mosquito-repellent paints market due to high temperature and humid climate in countries such as South Africa, Kenya, and Brazil. The LAMEA region has significant demand for mosquito repellent paints due to the spread of mosquito diseases.
The development in technology and awareness among people toward the advantages provided by mosquito-repellent paints in terms of health and hygiene will provide growth opportunities for the mosquito-repellent paints market. Rapid development in the construction sector in developing countries has led to increased demand for commercial and residential building.
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 market, 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.
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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.
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.
Covid-19 Scenario:
- During the pandemic, the demand for eco-friendly products increased and presented opportunities for the mosquito-repellent paints market. However, manufacturing activities have been hindered due to lockdown measures, disruptions in the supply chain, and lack of sufficient workforce.
- Sales channels such as specialty stores and franchise stores were closed due to lockdown restrictions. However, the awareness regarding online sales channels created a positive impact on the market.
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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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