Metal Biocides Market Overview
The Metal
Biocides Market size is forecast to
reach US$3.9 billion by 2027, after growing at a CAGR of 3.4% during the
forecast period 2022-2027. Metal biocides
are chemicals and microorganisms which inhibit the growth of harmful organisms
by organic means. Biocidal polymers can reduce
microorganisms such as bacteria, fungi and protozoans. They are also used to
prevent biofilm formation on the metal surface and also act as bactericides
and fungicides for metalworking fluid. The rising medical and healthcare sector
is driving the Metal Biocides Market growth, metal biocides such as copper
alloy and zinc are utilized for the sanitization of medical devices. Rapid
urbanization, along with infrastructural developments in emerging economies is
anticipated to drive the demand for Metal Biocides in paints and coatings and
also for household products such as disinfectants and pest controls. Moreover,
the increasing requirement for Metal Biocides as insecticides in the
agriculture industry is anticipated to upsurge the growth of the Metal Biocides industry in the forecast period. The global economic downturn caused by the
COVID-19 pandemic resulted in a huge drop in construction, textiles,
transportation and other end-use industries all across the world, which had a
significant impact on the growth of the Metal Biocides Market size.
Metal Biocides Market Report Coverage
The “Metal Biocides Market Report
– Forecast (2022 - 2027)” by Industry ARC, covers an in-depth analysis of the
following segments in the Metal Biocides industry.
Key Takeaways
- The Asia Pacific region dominates the Metal Biocides Market, owing to the increasing investments in the textile & apparel industry. For instance, according to the Government of Canada, in 2021, the Minister of Innovation, Science and Industry announced an investment of US$28.99 million in Meltech Innovation Canada Inc., this investment will support a US$38.754 million project, which includes the manufacturing of the specialized fabric.
- Rapidly rising demand for Metal Biocides in the food & beverage industry as sanitizers and disinfectants have driven the growth of the Metal Biocides Market.
- The increasing demand for Metal Biocides in the medical & healthcare sector, due to its usage for disinfection and sanitization of medicinal products and devices, has been a critical factor driving the growth of the Metal Biocides Market in the upcoming years.
- However, the rising environmental and health effects associated with Metal Biocides can hinder the growth of the Metal Biocides Market.
Figure: Asia-Pacific Metal Biocides Market Revenue, 2021-2027 (US$ Billion)
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Metal Biocides Market Segment Analysis – by Application
The paints & coatings segment held the largest Metal
Biocides Market share in 2021 and is estimated to grow at a CAGR of 3.6% during
the forecast period 2022-2027. Metal Biocides are utilized in formulations to protect
paints & coatings from bacteria, which can spoil paints & coatings
during storage. These are also effective to inhibit the growth of algae, fungi
and other micro-organisms in household paint, marine antifouling paint,
industrial paint and varnishes. The market for the paints and coatings segment is
estimated to increase, due to rapidly growing modern advances in paint
technology and housing construction activities. For instance, according to the
India Brand Equity Foundation, in 2021, the residential building sector is set
to expand dramatically, with the federal government intending to build 20
million affordable houses in metropolitan areas across the country under the
Union Ministry of Housing and Urban Affairs' ambitious Pradhan Mantri Awas
Yojana (PMAY) scheme. Thus, the rising construction activities require more
paints & coatings, which is driving the Metal Biocides Market growth, to be utilized in these paints & coatings.
Metal Biocides Market Segment Analysis – by End-Use Industry
The building & construction industry held the largest Metal Biocides Market share in 2021 and is estimated to grow at a CAGR of 3.9% during the forecast period 2022-2027. In the building & construction industry, Metal Biocides are utilized in paints and coatings, to protect the spoilage of paints and coatings from the growth of algae, fungi and other micro-organisms. Metal Biocides such as copper alloy and zinc are also utilized in residential, industrial and commercial buildings for pest control, to inhibit the growth of pests in the form of rodents, mosquitoes and others. Moreover, they also act as bactericides and fungicides for metalworking fluid and to prevent biofilm formation on the metal surface. The building and construction industry is growing, for instance, according to the U.S Department of Commerce, the privately-owned housing units authorized by building permits in March 2022 were around 1,873,000 which is 0.4% above February 2022 of 1,865,000 units and is 6.7% above March 2021 of around 1,755,000 units. Moreover, according to Statistics of Japan, the number of construction contract orders has witnessed growth in 2021 (Jan-July) compared to 2020(Jan-July). It went from 6,00,46,960 units in 2020 to 6,36,10,223 in 2021. Thus, the growing building and construction industry will require more Metal Biocides for paints and coatings, due to their exhibit characteristics, which will drive the demand for the Metal Biocides Market during the forecast period.
Metal Biocides Market Segment Analysis – by Geography
Asia-Pacific region dominated the Metal Biocides Market share by 45% in the year 2021, due to the increasing requirement for metal biocides in developing countries such as China, Japan, India and South Korea. China is expected to continue its dominance in the Metal Biocides Market during the forecast period. This is due to the growth of the building & construction industry in the country. For instance, according to International Trade Administration (ITA), China is the world’s largest construction market and is forecasted to grow at an annual average growth of 8.6% between 2022 and 2030. Moreover, according to Invest India, by 2025, the building and construction industry is estimated to reach US$1.4 Trillion. Such increasing building & construction activities in the APAC countries are anticipated to increase the demand for Metal Biocides products in the forecasted period and are proving to be a market booster for the Metal Biocides Market size in this region
Metal Biocides Market Drivers
Increasing Foods and Beverages Industry:
In the foods
and beverages industry, Metal Biocides are used in the form of sanitizers and
disinfectants, to ensure the safety of potable water used in the processing and
to reduce the risk of microbial contamination to beverage products. In the food
and food processing sector, metal biocidal polymers
are utilized to reduce the number of microorganisms such as bacteria, fungi,
algae and others, in food and on any material that comes in contact with the
food. The foods and beverages industry is growing, for instance, in May 2021,
Bunge Loders Croklaan, invested more than EUR300 million (US$346.5 million) to
build a new sustainable food processing facility in Amsterdam, Netherlands,
which is estimated to be completed by the end of 2024. Moreover, the food & beverage market of South Korea is expected to reach
US$99.28 billion by 2024, witnessing a CAGR of 3.9% according to the British
Chamber of Commerce in Korea. Thus, with the growth of the food and beverage sector,
the market for metal biocides will further rise over the forecast period.
Growing Medical and Healthcare Industry:
The medical
and healthcare industry utilizes Metal biocidal polymers
such as copper alloy and zinc, for the
disinfection of surfaces, equipment, water and antisepsis and also for the
preservation of medicinal products and sterilization of medical devices. The medical and healthcare sector is growing, for instance,
according to Invest India, the medical device sector is growing steadily at a
CAGR of 15 percent over the last 3 years and the medical devices industry in India is poised for
significant growth with the market size expected to reach US$50 billion by 2025. Additionally, according to the U.S. Food & Drug Administration, in
2022, the government announced a US$5 million increase towards the improvement
in the safety and security of medical devices. Thus, with the growing medical devices sector
in the medical and healthcare sector, the demand for the Metal Biocides industry would further rise over the forecast period.
Metal Biocides Market Challenges
Environmental and Health Effects Associated with Metal Biocides:
There are various benefits of Metal Biocides, however, there are
considerable negative impacts as well. The chemicals used in metal
biocides are toxic to the soil, air and
water. Metal biocides can cause damaging
effects on the environment. Metal biocidal products are controlled in Great
Britain, under the GB Biocidal Products Regulation (GB BPR) and in Northern
Ireland, under the EU Biocidal Products Regulation (EU BPR). Repeated exposure
to metal biocides, can cause adverse
health effects such as depression of the central nervous system and even
permanent damage, irritation of the eyes and lungs and damage to the liver,
kidneys and skin. Thus, due to the rising environmental and health
effects, the growth of the Metal Biocides Market will be hindered in the
forecast period.
Metal Biocides Market Industry Outlook
Technology launches, acquisitions and R&D activities are key
strategies players adopt in the Metal Biocides Markets. The top 10 companies in the Metal Biocides Market are:
- Akzo Nobel N.V.
- BASF SE
- Clariant
- Dow
- DuPont
- Evonik Industries AG
- Croda International Plc
- Huntsman International LLC.
- Kao Corporation
- Galaxy Surfactants Ltd.
Relevant Reports
Report Code: CMR
0086
Report Code: CMR 1156
Report Code: CMR
0027
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
1.Global Metal Biocides Market By Type Market 2023-2030 ($M)1.1 Silver Market 2023-2030 ($M) - Global Industry Research
1.2 Copper & Alloys Market 2023-2030 ($M) - Global Industry Research
1.3 Zinc Market 2023-2030 ($M) - Global Industry Research
2.Global Metal Biocides Market By Type Market 2023-2030 (Volume/Units)
2.1 Silver Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Copper & Alloys Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 Zinc Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Metal Biocides Market By Type Market 2023-2030 ($M)
3.1 Silver Market 2023-2030 ($M) - Regional Industry Research
3.2 Copper & Alloys Market 2023-2030 ($M) - Regional Industry Research
3.3 Zinc Market 2023-2030 ($M) - Regional Industry Research
4.South America Metal Biocides Market By Type Market 2023-2030 ($M)
4.1 Silver Market 2023-2030 ($M) - Regional Industry Research
4.2 Copper & Alloys Market 2023-2030 ($M) - Regional Industry Research
4.3 Zinc Market 2023-2030 ($M) - Regional Industry Research
5.Europe Metal Biocides Market By Type Market 2023-2030 ($M)
5.1 Silver Market 2023-2030 ($M) - Regional Industry Research
5.2 Copper & Alloys Market 2023-2030 ($M) - Regional Industry Research
5.3 Zinc Market 2023-2030 ($M) - Regional Industry Research
6.APAC Metal Biocides Market By Type Market 2023-2030 ($M)
6.1 Silver Market 2023-2030 ($M) - Regional Industry Research
6.2 Copper & Alloys Market 2023-2030 ($M) - Regional Industry Research
6.3 Zinc Market 2023-2030 ($M) - Regional Industry Research
7.MENA Metal Biocides Market By Type Market 2023-2030 ($M)
7.1 Silver Market 2023-2030 ($M) - Regional Industry Research
7.2 Copper & Alloys Market 2023-2030 ($M) - Regional Industry Research
7.3 Zinc Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Metal Biocides Market Revenue, 2023-2030 ($M)2.Canada Metal Biocides Market Revenue, 2023-2030 ($M)
3.Mexico Metal Biocides Market Revenue, 2023-2030 ($M)
4.Brazil Metal Biocides Market Revenue, 2023-2030 ($M)
5.Argentina Metal Biocides Market Revenue, 2023-2030 ($M)
6.Peru Metal Biocides Market Revenue, 2023-2030 ($M)
7.Colombia Metal Biocides Market Revenue, 2023-2030 ($M)
8.Chile Metal Biocides Market Revenue, 2023-2030 ($M)
9.Rest of South America Metal Biocides Market Revenue, 2023-2030 ($M)
10.UK Metal Biocides Market Revenue, 2023-2030 ($M)
11.Germany Metal Biocides Market Revenue, 2023-2030 ($M)
12.France Metal Biocides Market Revenue, 2023-2030 ($M)
13.Italy Metal Biocides Market Revenue, 2023-2030 ($M)
14.Spain Metal Biocides Market Revenue, 2023-2030 ($M)
15.Rest of Europe Metal Biocides Market Revenue, 2023-2030 ($M)
16.China Metal Biocides Market Revenue, 2023-2030 ($M)
17.India Metal Biocides Market Revenue, 2023-2030 ($M)
18.Japan Metal Biocides Market Revenue, 2023-2030 ($M)
19.South Korea Metal Biocides Market Revenue, 2023-2030 ($M)
20.South Africa Metal Biocides Market Revenue, 2023-2030 ($M)
21.North America Metal Biocides By Application
22.South America Metal Biocides By Application
23.Europe Metal Biocides By Application
24.APAC Metal Biocides By Application
25.MENA Metal Biocides By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Clariant AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Lonza Group Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Troy Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Milliken Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Sanitized AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Steritouch Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Noble Biomaterials Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Renaissance Chemicals Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)