Introduction: Metal Biocides Market
Biocides are those product which are intended to kill, prevent the action of or to exert a controlling effect on any harmful organism by biological or by chemical, biocides are added to any product to protect it from the biological infection and growth. Biocide may be pesticides which include, fungicides, insecticides, herbicides and the other anti-microbial biocides which include germicides, antibiotics or antivirals, on the basis of the category of the product types biocides are classified as inorganic biocides and metal biocides. Metal biocides are the substances that are formed by the various metal particles and finds its application in several end use industries such as, water treatment, agriculture, ship, etc. Metal biocides inhibit the activities of the microbial and their effectiveness which varies with the duration and concentration.
Market Dynamics: Metal Biocides Market
Metal biocides market is expected to witness a significant growth in between the forecast period. There are several factors which are expected to drive the market growth such as, growing demand from key end use industries such as water treatment, paints & coatings, etc. in addition to this, the polishing coatings which contain biodegradable biocides which is being replaced by the metal biocides. Additionally, demand of metal biocides in household application, marine antifouling agents are expected to fuel the market growth in the near term, the demand is increase owing to effectiveness of the metal biocides.
On the basis of opportunity, Manufacturers have significant opportunity in metal biocides market owing to positive exponential growth in the shipping industry owing to speedy replacement of polishing coatings by metal biocides thereby, impeding the development of huge polluting organisms on the structure of large military and commercial vessels. On the basis of product type, silver metal biocides gaining traction in the market due to its prominent application medical and healthcare industry. The only factor which might hamper the market growth is stringent government regulations regarding the production and consumption of metal biocides and high capital investment for the production of the metal biocides.
On the basis regional growth, Asia Pacific metal biocides market is projected to be the significant growing region due to the growth in the end use industry such as, infrastructural developments in the region, Additionally, the presence of key players in the Asia Pacific metal biocides market are playing an important role in providing innovative products in the metal biocides market.
Market Segmentation: Metal Biocides Market
Metal biocides is segmented on the basis of product type and end use industry
On the basis of product type, the metal biocides market segmented as
- Copper & Alloys
On the basis of end use industry, the metal biocides market segmented as
- Paints & Coatings
- Pesticides (Agriculture)
- Wood Preservation
- Foods & Beverages
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Regional Outlook: Metal Biocides Market
On the basis of regional perspective, the metal biocides market is analysed across the globe in various region such as, Western Europe, North America, Asia Pacific. Asia-Pacific is expected to account for a substantial share in terms of value and volume in 2017 and this is expected to continue till 2027 followed by Western Europe and North America. Developing economies in Asia-Pacific such as China and India are projected to witness for the significant growth rate owing to increase in developments in end use industries such as, water treatment and agrochemicals applications. In addition to this, manufacturers are investing in R&D for the specific formulations of the metal biocides which is another key element which fuels the market growth in the near term. Prominent players in the global market have invested in R&D activities in order to develop environment friendly products in order to cater the requirements of the metal biocides market.
Some of the key players of the metal biocides market are the
- Clariant AG
- Lonza Group Ltd
- Noble Biomaterials Inc.
- Renaissance Chemicals Ltd
- DOW Chemical Company
- Troy Corporation
- Sanitized AG
- Milliken Chemical Company