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Mosquito-Repellent Paints Market Size Expected to Reach $544.7 Million by 2030

 

Report Code : A13732

quote “Rapidly expanding construction industry; surge in demand for natural ingredient-based products across the globe; rapid urbanization; and increase in demand for mosquito-repellent paints in several application areas, such as residential buildings, HoReCa sector, and industrial areas, are expected to create potential growth opportunities for the mosquito-repellent paints market during the forecast period. In addition, expansion of the paint & coating industries and increasing consumer awareness toward living a healthy lifestyle are expected to fuel the growth of the mosquito-repellent paints market during the forecast period.” quote

Eswara Prasad
Manager, Chemicals and Materials at Allied Market Research

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According to a new report published by Allied Market Research, titled, "Mosquito Repellent Paints by Sales Channel, Application, and End Use: Global Opportunity Analysis and Industry Forecast, 2020-2030," The global mosquito-repellent paints market size was valued at $283.7 million in 2020, and is projected to reach $544.7 million by 2030, a CAGR of 6.8% from 2021 to 2030.

Increase in spread of mosquito borne diseases across the globe in various countries and rapid increase in awareness among people regarding harmful effects over the body due to diseases spread through mosquitoes are the major driving factors for the growth of the mosquito repellent-paints market. According to World Health Organization, one-tenth of the world population is affected by mosquito borne diseases and nearly one million of them die due to illness every year. Increase in global warming temperature and monsoon climate in various regions across the globe provide optimum conditions for mosquitoes to breed and increase their level of activeness. Countries with warm temperature and humid climate are majorly South Africa, India, China, Singapore, the U.S., and some European countries, which are expected to possess high demand for mosquito-repellent paints during the forecast period.

The presence of conventional mosquito repellents has saved many people from mosquito-borne diseases but the chemicals used for the manufacturing of such repellents are causing health hazards such as cancer, birth defects, headaches, and problems in pregnancy. Flooding of fake products into the market and lack of monitoring by regulatory authorities have encouraged medium & small-scale manufacturers to manufacture mosquito-repellents having chemical level more than the desired permissible level. Rapid innovation toward the use of natural ingredients in the field of conventional mosquito repellent is a restraining factor for the development of the mosquito-repellent paints market. 

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. Increase in demand for commercial and residential building will provide ample opportunities for the growth of the mosquito repellent paint market during the forecast period.

On the basis of sales channel, the global mosquito-repellent paints market is segmented into specialty stores, franchise stores, company owned online channel, and third-party online channel. The applications covered in the study include interior walls and exterior walls. By end use, it is divided into residential, commercial, and industrial.

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 major companies profiled in this report include Adapta Powder Paints, Apollo Paints Pvt. Ltd. Basco Paints, Corion Innovative Paints Srl, Crown Paints, Dulux Paints, Kansai Paints, Nippon Paint, Paints and Coatings Manufacturer Nigeria Limited, and Pro-Painting. Due to rapidly increasing spread of mosquito-borne disease in recent years, key manufacturers are expanding their production capacities to meet market demand across the globe. Additional growth strategies, such as new product developments and business expansion, are also adopted to attain key developments in the mosquito-repellent paints market.

Impact Of Covid-19 On The Global Mosquito Repellent Paints Market

  • Emergence of COVID-19 had a positive impact on the growth of the global mosquito-repellent paints market during the pandemic period.
  • Rapid increase in demand for mosquito-repellent paints during the pandemic period coupled with improper management in transportation of products and raw materials during the pandemic has created a negative impact on the development of the mosquito-repellent paints market.
  • The increasing demand for eco-friendly products and their advantages created great opportunities for the mosquito-repellent paints market during the pandemic period.
  • Thus, the abovementioned factors are expected to boost the global mosquito-repellent paints market growth in current times.

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.

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quote 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 quote

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