Proliferation of insects in urban areas of living to bolster demand for Para-menthane-3, 8-diol (PMD); product adoption as an insect repellent in emerging countries to boost the market growth

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OVERVIEW

Para-menthane-3, 8-diol (PMD) Market is expected to reach USD 61.4 million by the end of 2026.

Bizlytik analysts forecast the global Para-menthane-3, 8-diol (PMD) market to grow at a CAGR of 4.1% during the forecast period, according to their latest market research report.

Para-menthane-3, 8-diol (PMD) is an organic compound that is extracted from the eucalyptus plant as essential oils. Para-menthane-3, 8-diol (PMD) is primarily used in insect repellent products as natural ingredients without the risk of skin irritation and other side-effects.

The increasing need to adopt natural ingredients for insect repellent products and the rising volume of insects from human sewage in congested city areas are the influential primary factors that would bolster the prospects of market growth during the forecast period. The need for maintenance of cleanliness and sanitation of congested places have increased the application of para-menthane-3, 8-diol (PMD), which would boost the market growth prospects. The increasing consumer demand for insect repellent liquids and spray for the elimination of health risks in high population density areas of living would also improve the growth of the market. The incorporation of natural ingredients in pharmaceutical-grade repellents would boost demand for para-menthane-3, 8-diol, invariably bolstering the market growth. The rapid rate of urbanization and industrialization in developing countries leading to the proliferation of insects would offer crucial vendors with new opportunities of product application and business expansion over the forecast period.

Food Grade, Pharma Grade, and Industrial Grade are covered in the Type segment of the market scope. In contrast, the Application segment is categorized into Insect Repellent Spray, Repellent Liquid, and Others. The report covers Consumption volume of the global market by Application, with the volume expressed in MT. The Type segment is calculated in terms of Production value and volume.

The volume of the Repellent Liquid consumption by Application is estimated to garner 689.3 MT by 2026, growing at a CAGR of 4.2% from 2020 to 2026. The minimal risks of skin irritation and other side-effects on the application of PMD-based repellent liquids would bolster the segment growth. The rising consumer tendency to purchase natural, organic-based repellents would also improve the prospects of growth of the segment.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia Pacific is a prominent region and holds a substantial share in terms of overall consumption volume. The proliferation of insects from sewage and open human excreta have led to the rise in demand for the use of para-menthane-3, 8-diol as a natural ingredient in insect repellent products. The high rate of urbanization in developing countries has led to the establishment of congested places ideal for the breeding of insects, which in turn would lead to the growth in product demand for the regional market.

The Para-menthane-3, 8-diol (PMD) market is moderately consolidated, with several players operating with globally expansive production and distribution capabilities, even in remote areas. The formation of strategic partnerships for new business opportunities and extension of manufacturing abilities through the expansion of production plants are the primary business strategies of top players.
BOC Sciences is one of the most significant companies of the global Para-menthane-3, 8-diol (PMD) Market in terms of production volume, with Foreverest Resources Ltd. and Shanghai Meiruil Chemical Technology Co., Ltd. among many other vendors to hold substantial market share by value and volume.