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Metal Biocides Industry Set to Reach $4.5 Billion by 2024 - Spurred by the Growing Paints & Coatings, Medical, and Water Treatment Industries

Dublin, Feb. 14, 2020 (GLOBE NEWSWIRE) -- The "Global Metal Biocides Market, By Type (Zinc, Silver, Copper & Alloys and Others), By End-Use Industry (Medical, Textile, Wood Preservation, Paints & Coatings, Food & Beverages, Pesticides and Others), By Region, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.

The Global Metal Biocides Market is projected to grow from $3.4 billion in 2018 to $4.5 billion by 2024, on account of growing paints & coatings, medical and water treatment industries.

The metal biocides market find applications in numerous end-use industries including agriculture, wastewater treatment, pharmaceutical and personal care. They are used for the treatment of drinking water and 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.

Pesticides segment is expected to register the highest CAGR in the Global Metal Biocides Market during the forecast period, owing to increasing demand for metal biocides in for utilization in agriculture to increase the resistance towards unwanted organisms and also to inhibit the growth of algae and fungi on applied paints.

Based on type, the 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. Asia-Pacific is the largest market for metal biocides, globally, owing to the presence of key market players such as The Dow Chemical Company (U.S.), Troy Corporation (U.S.), Milliken Chemical Company (U.S.), and Noble Biomaterials Inc. (U.S.) 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 pesticides is expected to drive the region's metal biocides market during forecast period.

The 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 the 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, The DOW Chemical Company, Lonza Group Ltd., Troy Corporation, Milliken Chemical Company, Sanitized AG, Steritouch Ltd., Noble Biomaterials Inc. and Renaissance Chemicals Ltd.

Years Considered

  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024

Objective of the Study

  • To analyze and forecast the Global Metal Biocides Market size.
  • To forecast the Global Metal Biocides Market based on type, end-use industry and regional distribution.
  • To identify drivers and challenges for the Global Metal Biocides Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the 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.

Key Topics Covered

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer
4.1. Factors to be Considered for Product Selection
4.2. Factors Influencing Purchase Decision
4.3. Challenges/Issues Faced Post Purchase
4.4. Unmet Needs

5. Global Metal Biocides Industry Overview

6. Global Metal Biocides Market Outlook
6.1. Market Size and Forecast
6.1.1. By Value & Volume
6.2. Market Share and Forecast
6.2.1. By Type (Zinc, Silver, Copper & Alloys and Others)
6.2.2. By End-Use Industry (Medical, Textile, Wood Preservation, Paints & Coatings, Foods & Beverages, Pesticides and Others)
6.2.3. By Company
6.2.4. By Region
6.3. Market Attractive Index

7. Asia-Pacific Metal Biocides Market Outlook

8. Europe Metal Biocides Market Outlook

9. North America Metal Biocides Market Outlook

10. South America Metal Biocides Market Outlook

11. Middle East & Africa Metal Biocides Market Outlook

12. Market Dynamics
12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

14. Pricing Analysis

15. Competitive Landscape
15.1. Competition Benchmarking
15.2. Company Profiles (Leading companies)
15.2.1. BASF SE
15.2.2. Clariant AG
15.2.3. The DOW Chemical Company
15.2.4. Lonza Group Ltd.
15.2.5. Troy Corporation
15.2.6. Milliken Chemical Company
15.2.7. Sanitized AG
15.2.8. Steritouch Ltd.
15.2.9. Noble Biomaterials Inc.
15.2.10. Renaissance Chemicals Ltd.
(Note: The companies list can be customized based on the client requirements)

16. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/uvqdf4

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