Metal Biocides Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Microorganisms or chemical substances that suppress the growth of harmful organisms which can affect the health of humans and animals are called biocides. The action of biocides can either be biological or chemical. Biocides include surface disinfectants, pesticides, skin disinfectants, and anti-fouling products. Thus, there are four main groups of biocidal products, based on their use. They are as follows: pest control, preservatives, general biocidal, disinfectants, and other biocidal products.
As the water discharged from heavy industries is polluted and contains heavy metals, it is unfit for consumption. Since microorganisms thrive in polluted water, this water cannot be used for drinking or be put to any other use. Metal biocides are thus being added to water for its treatment. They are also added to condensers and compressors to kill the bacteria.
The growing demand for clean and treated water is one of the prime factors behind the growth of the global metal biocides market. Water is being used by the agricultural sector, energy sector, and industrial sector. Also, water is needed for steam generation, as raw material for solvent processing, and in heating and cooling systems. The population is increasing and with it the requirement for water for various purposes. Thus, biocides are expected in high demand in the coming years.
The global biocides market is led by global suppliers. Small and medium scale players in the market are developing biocides in small formulations and selling at competitive prices. This is intensifying the competition level of the global metal biocides market.
The exponential growth of the shipping industry holds promise for the metal biocides market. The use of self-polishing coatings, which typically contain an ecodegradable biocide, has addressed issues pertaining to the growth of large fouling organisms on the frame of large commercial and military vessels.
The research report presents an in-depth analysis of trends, opportunities, and market size estimates of the global metal biocides market for the 2017-2025 period. The report strategically studies the market segments and their influence on the growth trends and growth prospects of the global metal biocides market between 2017 and 2025.
The incessant growth of major end use industries of metal biocides such as paints and coatings, water treatment, and medical is driving the growth of the global metal biocides market. The use of metal biocides in coatings for commercial vessels is favoring the growth of the metal biocides market considerably. The self-polishing coatings typically contain an ecodegradable biocide, which is slowly but continuously released from the coating and is toxic to foulants during the ablation process.
The global metal biocides market can be segmented on the basis of type, end user, and geography. On the basis of type, the metal biocides market can be segmented into silver, zinc, copper and alloys, and others. Amongst these, the silver-based metal biocide is the leading segment in the market. This is mainly due to the eco-friendly, non-toxic, and sustainable nature of silver-based metal biocide. Despite its high cost, the silver-based metal biocide is extensively used in the healthcare industry owing to its unsurpassed safety, high thermal stability, effectiveness, and approval by the Environmental Protection Agency (EPA).
The end use segments of the global metal biocides market are mainly paints and coatings, textile, wood preservation, medical, pesticides, foods and beverages, and others. The medical sector is the largest end-user of the metal biocides market in terms of revenue. However, the paints and coatings segment is anticipated to display the highest CAGR during the forecast period. This is mainly due to the increasing demand for metal biocides in marine antifouling agents, household paints, and varnishes due to their effectiveness in hampering the growth of fungi and algae on applied paint and coating.
The global metal biocides market can be divided into the regional segments of North America, Asia Pacific, Europe, and Rest of the World. Amongst these, North America is the leading regional market for metal biocides as it is home to some of the leading market players. The increasing demand for metal biocides in food and beverages and medical in the U.S. is fuelling the growth of the metal biocides market in this region.
The report mentions key companies that operate in the global metal biocides market, namely BASF SE, The Dow Chemical Company, Lonza Group Ltd, Milliken Chemical Company, Noble Biomaterials Inc., Clariant AG, SANITIZED AG, Troy Corporation, SteriTouch Ltd, and Renaissance Chemicals Ltd. Each of the companies is profiled for their distinguishing business attributes of product portfolio and specification, recent developments, and SWOTs.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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