Global metal biocides market is
projected to reach $ 3.5 billion by 2024, growing at a CAGR of 5% during
2019-2024, on account of growing paints & coatings, medical and water
treatment industries. Notably, the metal biocides prevent the microbial activities
and their effectiveness varies with both the concentration as well as duration
of exposure. The metal biocides market find applications in numerous end-use
industries including agriculture, waste water treatment, pharmaceutical and
personal care. These are used for the treatment of drinking water, wastewater,
as antifouling agents and disinfectants in hospitals that prevent molluscs from
accumulating in industrial pipes. Furthermore, they find applications in
preventing the growth of algae and fungi on applied paints including varnishes
and coatings.
Paints & coatings segment is
expected to register the highest CAGR in global metal biocides market during
the forecast period, owing to increasing demand for metal biocides in household
paints, varnishes, marine antifouling agents, etc., due to their effectiveness
in inhibiting the growth of algae and fungi on applied paints.
Based on type, global metal biocides
market has been segmented into silver, copper & alloys, zinc and others. In
2018, the silver-based metal biocide segment dominated the market and is
expected to grow at the fastest rate in coming years. The growth of this
segment is supplemented by the non-toxic, environment friendly and sustainable
nature of silver biocide. Despite the high cost, silver biocide is widely used
in the healthcare industry, owing to its high thermal stability, effectiveness,
unsurpassed safety, and the fact that it is approved by the Environment
Protection Agency (EPA).
Asia-Pacific, North America and Europe
have been considered as the main metal biocide markets for the report. North
America is the largest market for metal biocides, globally, owing to the
presence of key market players Troy Corporation, Milliken Chemical Company and
Noble Biomaterials Inc., in the region. Intense competition among the major
market players led to a price stabilization in the past few years. The growing
demand for metal biocides in the medical and foods & beverages industries
in the US is expected to drive the region’s metal biocides market during
forecast period.
Global metal biocides market is growing
at a moderate rate. Stringent regulations for the production and consumption of
metal biocides coupled with the requirement of high capital investments are the
key factors restraining market growth. These factors create a huge entry
barrier for new entrants in global metal biocides market, which in turn
discourages competition and lowers overall market growth.
Some of the key
players operating in the market include BASF SE, Clariant
AG, DowDuPont Inc., Lonza Group Ltd., Troy Corporation, Milliken Chemical
Company, Sanitized AG, Steritouch Ltd., Noble Biomaterials Inc. and Renaissance
Chemicals Ltd.
Years considered for this report:
Historical Years: 2014-2017
Base
Year: 2018
Estimated
Year: 2019
Forecast
Period: 2020-2024
Objective of the Study:
- To analyze
and forecast global metal biocides market size.
- To forecast global metal
biocides market based on type, end-use industry and regional distribution.
- To
identify drivers and challenges for global metal biocides market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in global metal biocides market.
- To conduct
the pricing analysis for metal biocides market.
- To
identify and analyze the profile of leading players engaged in the
manufacturing of metal biocides.
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Some
of the leading players in global metal biocides market are BASF SE, Clariant
AG, The DOW Chemical Company, Lonza Group Ltd., Troy Corporation, Milliken
Chemical Company, Sanitized AG, Steritouch Ltd., Noble Biomaterials Inc. and
Renaissance Chemicals Ltd.
TechSci
Research performed both primary as well as exhaustive secondary research for
this study. Initially, TechSci Research sourced a list of leading manufacturers
across the globe. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufacturers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major players operating in global metal biocides market.
TechSci Research calculated
global metal biocides market size using
a top-down approach, where data for various end-user segments was recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through
analyzing historical data of these product types and applications for getting
an appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Metal biocide manufacturers and suppliers
- Government and other regulatory bodies
- Organizations, forums and
alliances related to metal biocides
- Market research and consulting firms
The study is useful
in providing answers to several critical questions that are important for the
industry stakeholders such as manufacturers and partners, end users, etc.,
besides allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, global metal biocides market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
- Market, by Type:
- Zinc
- Silver
- Copper & Alloys
- Others
- Market, by End-use Industry:
- Medical
- Textile
- Foods & Beverages
- Pesticides
- Others
- Wood Preservation
- Paints & Coatings
- Paper & Pulp
- Market, by Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Europe
- United Kingdom
- Italy
- France
- Germany
- Russia
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in global metal biocides market.
Available Customizations:
With the given market
data, TechSci Research offers customizations according to a company’s specific
needs. The following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of additional market players
(up to five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and indirect
sales channel.
In case you don’t find what you are looking for,
please get in touch with our custom research team at sales@techsciresearch.com
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