Global Metal Biocides Market Size 2024, Forecast To 2033
6 Mar, 2024
The metal biocides market size has experienced steady growth, increasing from $4.04 billion in 2023 to $4.23 billion in 2024, with a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period is attributed to water treatment applications, wood preservation, food and beverage preservation, wood protection in construction, and agricultural applications. Forecasts suggest strong growth in the next few years, reaching $5.15 billion in 2028, with a CAGR of 5.1%. This growth is driven by rising awareness of food safety, renewable energy infrastructure, demand in emerging economies, biocidal product regulations, and biofilm control in water systems. Major trends in the forecast period include advancements in nanotechnology, smart agriculture practices, antimicrobial technologies, eco-friendly biocides, and antimicrobial coatings.
Global Metal Biocides Market Key Driver
The high demand for paints and coatings is expected to propel the growth of the metal biocides market going forward. Paints and coatings refer to the industry that involves a mixture or dispersion of opaque pigments in a liquid and coatings include other materials that are used such as varnishes and inorganic binders. Paints and coatings are prevented from spoilage and deterioration by the use of metal biocide by the aqueous raw materials used that contain the growth of these microorganisms, thereby making the products more efficient and long-lasting. For instance, in April 2022, according to their first quarter report of PPG Industries, Inc., a US-based global supplier of paints and coatings, their organic sales for paints and coatings saw a growth of 7% with a record first-quarter net sales of $4.3 billion, which was 11% higher than the prior year. Moreover, both the performance coatings and industrial coatings segments saw a growth of 11% in net sales to bolster their market position. Therefore, the high demand for paints and coatings drives the growth of the metal biocides market. The market size for metal biocides in 2023 stood at $XX million and is expected to reach $XX million by 2024, with a projected growth rate of XX%. Additionally, by 2028, the market is forecasted to grow to $XX million.
Get A Free Sample Of The Global Metal Biocides Market ReportGlobal Metal Biocides Market Segments
The metal biocides market covered in this report is segmented –
1) By Type: Silver, Copper And Alloys, Zinc, Other Types
2) By End-User Industry: Building And Construction, Medical And Healthcare, Textile And Apparel, Transportation, Wood Preservation, Foods And Beverages, Agriculture, Other End-Use Industries
By Geography:The regions covered in the metal biocides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the metal biocides market in 2023. The regions covered in the metal biocides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Metal Biocides Industry Players
BASF SE, Clariant AG, The Dow Chemical Company, Lonza Group Ltd., Milliken Chemical Company, DuPont DeNumorous Inc., Evonik Industries AG, Noble Biomaterials Inc., Sanitized AG, AkzoNobel N.V., Aarti Industries, Chemtex Speciality Limited, Pilot Chemical Co. Ltd., Solvay SA, Troy Corporation, SteriTouch Ltd., Renaissance Chemicals Ltd., LANXESS Deutschland GmbH, Palmer Holland Inc., DMP Corporation, Azelis Americas, Dadia Chemical Industries Ltd., KLK Oleo Sdn Bhd, Otto Chemie Pvt. Ltd., Samrat Industries Limited, Siddharth Carbochem Products Ltd., Berkshire Hathaway Inc., Corbion N.V., Kemin Industries Inc., Kerry Group plc, Nouryon Chemicals Holding B.V., Thor Specialities (UK) Limited, Ecolab Inc.
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Metal Biocides Market Overview
Metal biocides are compounds that are designed to kill, neutralize, prevent, or otherwise control harmful organisms such as bacteria, fungi, algae, and other pathogens. These have widespread use in healthcare and industrial sectors to control and neutralize infections and microbial contamination. They are of two types, oxidizing and non-oxidizing.
Metal Biocides Global Market Report 2023 provides data on the global metal biocides market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The metal biocides market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.