Discovery Of New Application Areas For metal Biocides

February 25 19:34 2020
Discovery Of New Application Areas For metal Biocides

Browse 66 market data tables and 60 figures spread through 159 pages and in-depth TOC on “Metal Biocides Market”
Metal Biocides Market by Type (Silver, Copper & Alloys, Zinc), End-use Industry (Paints & Coatings, Medical, Textile, Wood Preservation, Foods & Beverages, Pesticides (Agriculture)), and Region

Metal biocides are a form of biocides which are composed of inorganic metals including silver, copper & alloys, and zincs. Metal biocides are used to control the growth of bacteria and microorganisms in different industries including, paints & coatings, medical, textile, agriculture, wood preservation, and foods & beverages, and so on. This market intelligence report estimates the global market size for metal biocides by type, application, and region, in terms of both, value and volume. The global metal biocides market is projected to reach USD 3.49 billion, at a CAGR of 4.8%, by value, from 2016 to 2021. The demand for metal biocides is primarily driven by the rapid growth of its major end-use industries, such as paints & coatings, and textiles in the Asia-Pacific region.

China is one of the leading users of industrial coatings. Moreover, construction expenditure in China is increasing exponentially, due to the growing population, which in turn is expected to drive the consumption of metal biocides in the country. On the other hand, stricter regulations in Europe and the U.S. might restrict the usage of several metal biocides, depending upon their toxicity levels. However, the permitted metal biocides are estimated to remain in use due to industry requirements. 

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The North American region led the metal biocides market in 2015, both, in terms of volume and value, followed by Europe and the Asia-Pacific region. The Asia Pacific region, Europe, and North America are relatively mature markets as compared to the Rest of the World (RoW) market.

The rising need from applications such as, water treatment, foods & beverages, paints & coatings, among others, drive the market for metal biocides. The developed nations of Europe are expected to witness slow growth on account of the stringent environment regulations in the region. The Asia-Pacific region is expected to witness significant growth during the forecast period.

The demand for silver biocide is primary driven by the high price and excellent antimicrobial properties of silver-based biocides. However, zinc biocide has a lower market both, in terms of growth rate and market size, due to its limited application areas.  

The demand for biocides in the medical industry is the highest in terms of value, which is leading to the increasing demand for silver and copper based biocides in the medical device coating, wound care, hygiene and other applications in the North American and European markets. Paints & coatings is the fastest growing end-use industry in the global metal biocides market, due to the increasing demand for metal biocides to protect paints & coatings from spoilage during storage. Moreover, metal biocides also prevent fungi and algae from growing on the applied paint.

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