Clariant Ag (Switzerland) and Lanxess (Germany) are the Key Players in the Insect Repellent Active Ingredients Market
The global insect repellent active ingredients market size is estimated to be valued at USD 884 million in 2021 and is projected to reach USD 1,361 million by 2026, recording a CAGR of 9.0% during the forecast period in terms of value. The demand for insect repellent active ingredients is increasing, as innovative and more efficient insect repellent products are continuing to enter the market.
Key players in this market include Clariant Ag (Switzerland), Lanxess (Germany), Sumitomo Chemical (UK) PLC (UK), Citrefine International Limited (UK), Jiangsu Panoxi Chemical Co. Ltd (China), Qingdao Benzo New Materials Co. Ltd (China), Hefei TNJ Chemical Industry Co. Ltd. (China), NK Chemiosys Pvt. Ltd (India), and Shogun Organics Ltd (India).
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The key players are fixated upon improving their market shares, while their newer start-ups are being established rapidly in the market. The insect repellent active ingredients market can be classified as a competitive market as it has the presence of organized and un-organized players, present at the global level. In Asia pacific region unorganized players present several countries. There are numerous and emerging companies, particularly in the Asian markets.
Clariant AG is a leading specialty chemicals company and operates through three segments, namely care chemicals, catalysis, and natural resources. Through its care chemicals segment, it offers industrial and consumer specialties, with a focus on applications and sustainable formulations. The company mainly focusing DEET business segment to kill mosquitoes, ticks, black flies, biting insects. The company has a clear focus on highly attractive, high margin, and low cyclicality segments, which are consumer-facing.
Lanxess is a leading chemicals company and expertise in producing, developing, and marketing chemical intermediates, additives, specialty chemicals, and plastics. The company manages its business through four segments, namely advanced intermediates, specialty additives, consumer protection, and engineering materials. These include ten business units, through which the company works with a broad range of applications and markets. Saltigo is a wholly-owned subsidiary of Lanxess. It is present at two sites in Germany. It offers exclusive synthesis, also known as custom manufacturing of active ingredients and chemical intermediates for the agriculture, pharmaceutical, and fine chemical industries. Lanxess is identified as one of the star players in the insect repellent active ingredients market as the company offers its products at a global level with its key focus on innovation in the market.
Related Reports:
Insect Repellent Active Ingredients Market by Type (DEET, Picaridin, IR 3535, P-Methane3,8 DIOL, DEPA), Concentration (Less than 10%, 10% to 50%, More Than 50%), Insect Type (Mosquitoes, Bugs, Ticks, Flies), End Application - Global Forecast to 2026
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