Liquid Termiticides Market Trends

Growth Drivers

Increasing Cases of Termite Infestation Globally with a Lack of Awareness –The increasing wood production for various purposes and lack of awareness of termite generation is also increasing the risk of termite infestation in the coming years leading to market growth. Termite production is observed to raise by over 28% across the world with climate changes and the current growth rate as of 2023.

Growing Construction Activities around the world with increasing economic standards of people – More than USD 1 trillion was spent on the construction of buildings and USD 800 on residential building construction in the United States in 2020.
High Penetration of Wood Art Consumption with the Growing Adoption of Online Shopping – The value of wood products in the year 2026 is projected to reach more than USD 240 across North America.
Escalating Libraries and Rising Storage of Old Books such as Manuscripts – The revenue of libraries in 2021 increased from USD 2 billion in 2020 to 2.5 billion in 2021 in the United States.

Challenges

Strict Regulations regarding the Cidal Chemicals –

The liquid termiticides cause water contamination when used near water bodies or water connection which is harmful to health and cause many complications. The complete destruction of termites is believed to cause repellent barriers in the environment which disrupts the cycle of life.

Long and Slow Procedure for Product Approval
Lack of Awareness of Preventive Measures

Liquid Termiticides Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	6.1%
Base Year Market Size (2023)	USD 2.12 Billion
Forecast Year Market Size (2036)	USD 4.58 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of liquid termiticides is estimated at USD 2.24 Billion.

The liquid termiticides market size was over USD 2.12 Billion in 2023 and is expected to cross USD 4.58 Billion by the end of 2036, growing at more than 6.1% CAGR during the forecast period i.e., between 2024-2036. Increasing incidences of severe termite infestation, and long-term effect of liquid termiticides are estimated to boost the market growth.

North America industry is likely to be the largest with a share of about 36% by 2036, on account of rising construction activities in the region.

Sanix Incorporated, WinField Solutions LLC, Asante Inc., FMC Corporation, Rollins, Inc., Tata Chemicals Limited, Syngenta Group, Bayer AG, SBM Life Science Corporation, Spectrum Brands Holdings, Inc.

Liquid Termiticides Market Trends