Pune, India -- (SBWire) -- 07/19/2018 --A biocide is a sort of chemical or microorganism that can stop, reduce harmless or exert a controlling impact on harmful organisms by organic means. They are mechanically critical and act as a oxidizing specialists in disinfectants and additives. They are ordinarily utilized as a part of forestry, anti-fouling agents. disinfectants, medicine, agriculture and others. Biocides can be either natural or synthetic. They can be restrictive for erosion that occurs naturally. Its utilization has reverse effects on the environment. Increasing demand of the paints and coatings is one of the factors which drive the metal biocides market. According to Statista, in 2022, global paints and coatings industry's market value will rise to USD 209.4 Billion. According to India Brand Equity Foundation, from April 2000 to December 2017, cumulative FDI inflows in the construction activities sector came up to USD 12.36 Billion. Thus, it can be said that rise in paints and coatings industry due to continuous infrastructure development will surely drive the market in forecasting period.
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Market Analysis:
The Global metal biocides market is expected to reach USD 4.12 billion by 2025, from USD 2.75 billion in 2017 growing at a CAGR of 5.85% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global Metal Biocides Market By Type (Silver, Copper & Alloys, Zinc); Application (Paints & Coatings, Medical, Textile, Pesticides (Agriculture), Wood Preservation, Foods & Beverages); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2025
Segmentation: Global Metal Biocides Market
By Type
Silver
Zinc
Copper & Alloys
Others
By Application
Medical
Wood Preservation
Foods and Beverages
Paints and Coatings
Pesticides
Textile
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Switzerland
Netherlands
Turkey
Belgium
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
South America
Brazil
Rest of South America
Middle East & Africa
South Africa
Rest of Middle East and Africa
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Key Market Competitors: Global Metal Biocides Market
The key players operating in the global metal biocides market are –
Akzo Nobel N.V.
BASF SE
Clariant
DowDuPont
The other players in the market are Evonik Industries AG, Croda International Plc, , Huntsman International LLC., Kao Corporation, Galaxy Surfactants Ltd, Solvay, Vinamax Organics Pvt., CHEMTEX SPECIALITY LTD, Enaspol a.s., Unger Fabrikker AS, AARTI INDUSTRIES LIMITED, Oxiteno, KLK OLEO., Pilot Chemical Corp., Procter & Gamble. Lankem and many more.
Market Drivers:
Growing pharmaceutical and healthcare market due to increasing incidences of diseases.
Increasing demand from the different verticals such as paints and coatings and water treatment because of rapid industrialization and continuous infrastructure development
Rising demand in the Asia Pacific region due to its accumulative acceptance of water treatment procedures in countries such as Japan, China and India
Market Restraint:
Strict Environment regulations due to its excessive usage
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Global Metal Biocides Historical and Current Market Size and Projection Up to 2025: Akzo Nobel N.V., BASF SE, Clariant, DowDuPont, Evonik Industries AG
The global metal biocides market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.