The global metal biocides market was valued at $3.67 billion in 2021, and is projected to reach $5.87 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.
Metal biocides are substances (such as an algicide or fungicide) that destroy or inhibit the growth or activity of living organisms. Different metals such as copper (Cu), magnesium (Mg), mercury (Hg), tellurium (Te), arsenic (As) and gold (Au) have been used as biocides for treating infectious diseases such as leprosy, tuberculosis, gonorrhea and syphilis. Furthermore, metal biocides find application in end-use sectors such as textiles, food & beverages, agriculture & aquaculture, wood preservation, and others.
Rise in awareness regarding hygienic goods, safe food, and pharmaceuticals are expected to boost the demand for metal biocides during the forecast period. In addition, factors such as growing demand from the construction industry, coupled with rising infrastructure activities have led the paints & coatings sector to witness a significant increase in demand where metal biocides are used to inhibit the growth of microorganisms. Furthermore, it can be used to address the problems in exterior coatings where environmental exposure causes development of airborne algae and fungi. This is expected to propel the growth of the metal biocides market. Furthermore, increase in awareness for cleanliness and hygiene has surged the demand for personal care products where biocides such as triacetin, undecylenic, resorcinol, and others are often found in mouthwashes, toothpastes, shaving gels, and deodorants. Furthermore, metal biocides are used in various cosmetic formulations to decontaminate skin of individuals that could harbor bacteria, algae, insects, and others. This is predicted to boost growth of the metal biocides market.
However, there are some other substitutes for metal biocides such as chelating molecules, scavengers, isothiazolinone, phenols, alcohols and others that possess almost the same characteristics and are available at cheaper rates as compared to metal biocides This has attracted buyers toward purchasing available substitutes of metal biocides and is expected to restrain the growth of the metal biocides market during the forecast period.
On the contrary, increase in purchasing power of consumers and fast-paced lifestyles have boosted the sales of packed food items in both developed and developing economies where metal biocides are widely used in the food industry as disinfectants and food preservatives. They are used to treat production plants, processing areas and food containers to control the microbial growth in food items and drinks. This is anticipated to increase sales of metal biocides in the growth in food & beverages sector; thus creating lucrative opportunities for the market.
The metal biocides market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into copper, zinc, silver, and others. By application, it is classified into paints & coatings, food & beverages, medical, textile, wood preservation and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global metal biocides market profiles leading players that include Azelis, BASF SE, Dadia Chemical Industries, Evonik Industries AG, KLK Oleo, Otto Chemie Pvt. Ltd., Pilot Chemical Corp, Samrat Industries, Siddharth Chemicals, and Troy Corporation. The global metal biocides market report provides in-depth competitive analysis as well as profiles of these major players.
Metal biocides are substances (such as an algicide or fungicide) that destroy or inhibit the growth or activity of living organisms. Different metals such as copper (Cu), magnesium (Mg), mercury (Hg), tellurium (Te), arsenic (As) and gold (Au) have been used as biocides for treating infectious diseases such as leprosy, tuberculosis, gonorrhea and syphilis. Furthermore, metal biocides find application in end-use sectors such as textiles, food & beverages, agriculture & aquaculture, wood preservation, and others.
Rise in awareness regarding hygienic goods, safe food, and pharmaceuticals are expected to boost the demand for metal biocides during the forecast period. In addition, factors such as growing demand from the construction industry, coupled with rising infrastructure activities have led the paints & coatings sector to witness a significant increase in demand where metal biocides are used to inhibit the growth of microorganisms. Furthermore, it can be used to address the problems in exterior coatings where environmental exposure causes development of airborne algae and fungi. This is expected to propel the growth of the metal biocides market. Furthermore, increase in awareness for cleanliness and hygiene has surged the demand for personal care products where biocides such as triacetin, undecylenic, resorcinol, and others are often found in mouthwashes, toothpastes, shaving gels, and deodorants. Furthermore, metal biocides are used in various cosmetic formulations to decontaminate skin of individuals that could harbor bacteria, algae, insects, and others. This is predicted to boost growth of the metal biocides market.
However, there are some other substitutes for metal biocides such as chelating molecules, scavengers, isothiazolinone, phenols, alcohols and others that possess almost the same characteristics and are available at cheaper rates as compared to metal biocides This has attracted buyers toward purchasing available substitutes of metal biocides and is expected to restrain the growth of the metal biocides market during the forecast period.
On the contrary, increase in purchasing power of consumers and fast-paced lifestyles have boosted the sales of packed food items in both developed and developing economies where metal biocides are widely used in the food industry as disinfectants and food preservatives. They are used to treat production plants, processing areas and food containers to control the microbial growth in food items and drinks. This is anticipated to increase sales of metal biocides in the growth in food & beverages sector; thus creating lucrative opportunities for the market.
The metal biocides market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into copper, zinc, silver, and others. By application, it is classified into paints & coatings, food & beverages, medical, textile, wood preservation and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global metal biocides market profiles leading players that include Azelis, BASF SE, Dadia Chemical Industries, Evonik Industries AG, KLK Oleo, Otto Chemie Pvt. Ltd., Pilot Chemical Corp, Samrat Industries, Siddharth Chemicals, and Troy Corporation. The global metal biocides market report provides in-depth competitive analysis as well as profiles of these major players.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metal biocides market analysis from 2021 to 2031 to identify the prevailing metal biocides market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the metal biocides market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global metal biocides market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Copper
- Silver
- Zinc
- Others
By Application
- Paints and Coatings
- Food and Beverages
- Medical
- Textile
- Wood Preservation
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Pilot Chemical Corp
- KLK OLEO
- Azelis
- OTTO CHEMIE PVT.LTD.
- Dadia chemical Industries
- Samrat Industries
- Troy Corporation
- SIDDHARTH CHEMICALS
- BASF
- Evonik Industries
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: METAL BIOCIDES MARKET, BY TYPE
CHAPTER 5: METAL BIOCIDES MARKET, BY APPLICATION
CHAPTER 6: METAL BIOCIDES MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Metal Biocides Market," the metal biocides market was valued at $3.67 billion in 2021, and is estimated to reach $5.87 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.Metal biocides are substances that are used as antibacterial agents to inhibit the growth or activity of harmful pathogens. Metals such as copper (Cu), magnesium (Mg), mercury (Hg), tellurium (Te), arsenic (As) and gold (Au) are widely used as metal biocides in various end-use sectors including paints & coatings, textiles, wood preservation, food & beverages, water treatment, and others.
Increase in investments in building infrastructure in countries such as the U.S., China, Japan, Mexico, and India, have led the building & construction sector to in paints & coatings. Furthermore, it can be used to address the problems in exterior coatings where environmental exposure causes development of airborne algae and fungi. In addition, increase in awareness about cleanliness and hygiene has surged the demand for personal care products. According to a report published by the Indian Ministry of Economy and Industry, the personal care and cosmetics industry is one of the fastest-growing consumer products sectors and is estimated to be worth around $10.5 billion by the end of 2021. Biocides such as triacetin, undecylenic, resorcinol, and others are often found in mouthwashes, toothpastes, shaving gels, and deodorants. Furthermore, metal biocides are used in various cosmetic formulations to decontaminate skin of individuals that could harbor bacteria, algae, insects, and others. This is anticipated to increase the demand for metal biocide formulations in the growing personal care and hygiene industry; thus fueling the growth of the metal biocides market.
However, easy availability of substitutes may hamper the growth of the metal biocides market during the forecast period. On the contrary, rise in incidence of lifestyle diseases has led the healthcare sector to witness significant growth. For instance, according to a report published by National Investment Promotion & Facilitation Agency, the Indian healthcare sector is expected to reach $372 billion by 2022 at a compound annual growth rate (CAGR) of 39%. Also, the emergence of deadly contagious diseases such as COVID-19, HIV or AIDS, tuberculosis, and others, have surged the use of personal decontamination activities where metal biocides are used to control the growth of pathogenic microorganisms or to eliminate them from inanimate objects, surfaces or intact skin. This is anticipated to increase the sales of metal biocides in the growing medical sector; thus creating lucrative opportunities for the market.
The metal biocides market is segmented on the basis of type, application, and region. By type, the market is segregated into copper, zinc, silver, and others. The silver segment dominated the global market in terms of revenue in 2021, with 46.15% of the total share. This is attributed to the fact that silver biocides are used in an ever increasing range of products, including water treatment, fibers, washing machines, dyes/paints & varnishes, polymers, medical applications, sinks & sanitary ceramics, and various consumer applications such as disinfectants, cosmetics, cleaning agents, baby bottles, and others. Rise in awareness about hygiene & cleanliness-related activities has led the customers to become linear toward using silver biocide-based products, owing to their antibacterial and disinfectant properties. This has surged the popularity of silver type metal biocides among various end-use sectors.
By application, the market is divided into paints & coatings, food & beverages, medical, textile, wood preservation and others. The paints & coatings segment dominated the global market in terms of revenue in 2021, with 35.83% of the total share. This is attributed to growing population coupled with rapid urbanization, which in turn has led the building & construction sector to witness a significant growth where metallic biocides are widely used to resist the growth of bacteria, fungi, algae, and others on the applied paints & coatings. For instance, according to a report published by the U.S. Census Bureau, the total construction spending during February 2022 was estimated at a seasonally adjusted annual rate of $1,704.4 billion, which is 11.2% above the February 2021 estimate of $1,533.3 billion. This factor has fuelled the demand for metal biocides for paints & coatings applications.
Region wise, the metal biocides market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific metal biocides market size is projected to grow at the highest CAGR during the forecast period, and accounted for a major metal biocides market share in 2021, owing to rise in building & construction, textile, and other sectors that have enhanced demand for metal biocides in the Asia-Pacific region.
China's paints & coatings manufacturing sector is increasing rapidly which has forced the metal biocides manufacturers to produce more efficient metal biocides used as disinfectants and food preservatives. Furthermore, the textile sector in India is witnessing a significant growth owing to increase in fashion consciousness among people where metal biocides such as organo-copper compounds, organo-tin compounds, and others, are used to look after textiles prone to harsh weathering conditions. For instance, according to a report published by Indian Brands Equity Foundation in May 2022, India's home textile exports grew at a healthy rate of 9% in 2021.
Key players operating in the global metal biocides market include Azelis, BASF SE, Dadia chemical Industries, Evonik Industries AG, KLK Oleo, Otto Chemie Pvt. Ltd., Pilot Chemical Corp, Samrat Industries, Siddharth Chemicals, and Troy Corporation.
COVID-19 Analysis
The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The major end users of metallic biocides such as textile, paints & coatings, and other sectors have been negatively impacted due to the ongoing pandemic outbreak. The ongoing health crisis has increased the supply-demand gap, hampering the global metallic biocides supply chain. Moreover, several companies have either shut down or shrank their operations due to the risk of infections among the workforce where metallic biocides are widely used as preservatives and antibacterial agents. This has temporarily hampered the demand for the metallic biocides market amid the COVID-19 period. In addition, more than 100 countries have locked their international borders for transportation and non-essential trade activities, which, in turn, have has reduced the consumption of metallic biocides among several end end-use sectors. Furthermore, the temporary shutdown of construction and infrastructure activities amid the COVID-19 period has reduced the consumption of metallic biocides among the paints & coatings sector. For instance, according to a report published by a research journal named as the Journal of Physics, the COVID-19 pandemic has reduced the investment in the construction industry in India by 30%.In 2020, metallic biocides prices were higher in Asia-Pacific region. The price rise was, due to continued regional demand trends and tight product availability. Firm downstream metallic biocides demand and stronger upstream costs are expected to sustain the price gain.
However, the metallic biocides market is expected to recover rapidly post COVID-19 situation, due to its increased dependency over healthcare & pharmaceutical, agriculture, and other sectors. For instance, according to an article published by Financial Express, the Indian pharmaceutical industry registered a growth of 15% in 2021, and is expected to grow at an average annual growth rate of 18.6% by 2025. This is expected to enhance the performance of the metallic biocides market post-COVID-19 scenario.
Key Findings of the Study
- By type, the Silver segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 4.8% from 2022 to 2031.
- By application, the paints & coatings application segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.0% from 2022 to 2031.
- Depending on end-use industry, the pharmaceutical industry segment exhibited the highest CAGR of 6.49%.
- By region, Asia-Pacific garnered the highest share of 38.1% in 2021, in terms of revenue, growing at a CAGR of 5.2%.
Companies Mentioned
- Pilot Chemical Corp
- Klk Oleo
- Azelis
- Otto Chemie Pvt.Ltd.
- Dadia Chemical Industries
- Samrat Industries
- Troy Corporation
- Siddharth Chemicals
- Basf
- Evonik Industries
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 246 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3.67 billion |
| Forecasted Market Value ( USD | $ 5.87 billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
