TAGS: Architectural Coatings
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.
Major Factors Boosting Mosquito-repellent Paints Market
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.
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.
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.
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.
Source: Allied Market Research