29 Aug, 2017, 07:30 ET
DUBLIN, August 29, 2017 /PRNewswire/ --
The "Metal Biocides Market - Global Forecast to 2021" report has been added to Research and Markets' offering.
The global metal biocides market is projected to reach USD 3.49 Billion by 2021 at a CAGR of 4.8% from 2016 to 2021. The market is primarily driven by the rapid growth of the key end-use industries, such as paints & coatings, medical, and textile.
Metal biocides are used in end-use industries such as, paints & coatings, medical, textile, pesticides (agriculture), wood preservation, foods & beverages, and others. In 2015, the medical sector accounted for the largest market share among the end-use industries, in terms of value. Whereas, the paints & coatings segment is expected to register the highest CAGR, during the forecast period. The growth of this segment is primarily attributed to the increasing demand for metal biocides in household paints, varnishes, marine antifouling agents, and so on, due to their effectiveness in inhibiting the growth of algae and fungi on applied paint.
Based on type, the metal biocides market is segmented into silver, copper & alloys, zinc, and others. In 2015, the silver-based metal biocide was the largest segment among all types. Moreover, this segment is expected to register the highest CAGR, during the forecast period. 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).
The Asia-Pacific region, North America, Europe, and rest of the world are the main metal biocides markets considered for the report. The North American region is leading the global metal biocides market, both, in terms of volume and value. The rising demand for metal biocides in this region is mainly driven by 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.). Intense competition among the major players in the market has led to price stabilization in the past few years. The growing demand for metal biocides in the medical and foods & beverages industries in the U.S. is driving the metal biocide market in the region.
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.
- BASF SE
- Clariant AG
- The DOW Chemical Company
- Lonza Group Ltd
- Milliken Chemical Company
- Noble Biomaterials Inc.
- Renaissance Chemicals Ltd
- Sanitized AG
- Steritouch Ltd.
- Troy Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Metal Biocides Market (2016-2021), By Type
8 Metal Biocides Market (2016-2021), By Application
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/b26kp4/metal_biocide
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SOURCE Research and Markets
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