According to TechSci Research report, “Metal Biocides Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Metal Biocides Market stood at USD3.66 billion in 2022 and is anticipated to grow with a CAGR of 4.82% in the forecast period, 2023-2028. The initiatives taken by the government based on metal biocides have led to favorable market conditions for the Global Metal Biocides Market. Several factors contribute to the growth of various metal biocides products. In the United States, the Environmental Protection Agency (EPA) is taking proactive measures to streamline the risk assessment and mitigation process under the Toxic Substances Control Act (TSCA).
By implementing a more efficient regulatory framework, the EPA aims to effectively manage the production and use of various substances, including metal biocides. These substances, due to their potential environmental and health impacts, often undergo thorough regulation. The EPA’s initiative will have implications for the metal biocides industry, influencing their production practices and usage guidelines. This shift in regulatory approach is aimed at safeguarding both the environment and public health while ensuring the continued availability of effective biocidal solutions.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on “Global Metal Biocides Market” @ https://www.techsciresearch.com/report/metal-biocides-market/3911.html
In the world of biocides, research, and development (R&D) plays an integral role in driving innovation and enhancing the efficiency of products. Through ongoing efforts, scientists and experts strive to develop new biocidal products and continuously improve existing ones, contributing significantly to the growth of the metal biocides market. Moreover, R&D initiatives are crucial in addressing the challenges posed by microbial resistance, which is a growing concern in the use of biocides. By investing in research and development, researchers can delve deeper into understanding the mechanisms of microbial resistance and develop targeted solutions. They can work towards formulating new and advanced biocidal products that are effective against emerging resistant strains of microorganisms. Additionally, by improving the efficacy of existing biocides, researchers can ensure the continued effectiveness and longevity of metal biocides in various applications.
The continuous advancement in R&D efforts not only drives progress in the metal biocides industry but also contributes to the overall sustainability and safety of biocidal products. It enables the development of more environmentally friendly and efficient solutions, promoting responsible use and minimizing potential risks to human health and the environment. In summary, research and development are essential pillars in the world of biocides, leading to continuous innovation, improved product efficiency, and the ability to address emerging challenges such as microbial resistance. By investing in R&D, the metal biocides market can continue to grow and meet the evolving needs of various industries while ensuring the safety and effectiveness of biocidal products.
The Global Metal Biocides Market is segmented into type, end user, regional distribution, and company. Based on its end users, the paints & coatings segment held the largest share in the market. Metal Biocides are commonly used in various formulations to protect paints and coatings from bacterial contamination, which can lead to spoilage during storage. These biocides also exhibit effective properties in inhibiting the growth of algae, fungi, and other microorganisms in household paint, marine antifouling paint, industrial paint, and varnishes.
The market for paints and coatings is experiencing significant growth due to advancements in paint technology and increased housing construction activities. For instance, according to the India Brand Equity Foundation, the residential building sector is projected to witness a substantial expansion in 2021. The Indian government has set ambitious targets of constructing 20 million affordable houses in metropolitan areas across the country under the Pradhan Mantri Awas Yojana (PMAY) scheme initiated by the Union Ministry of Housing and Urban Affairs.
As a result, the booming construction activities necessitate a higher demand for paints and coatings, consequently driving the growth of the Metal Biocides market. These biocides are increasingly being utilized in paints and coatings to ensure long-lasting protection and quality performance in various applications.
Based on region, the Asia Pacific segment is expected to grow during the forecast period.
The increasing requirement for metal biocides in developing countries such as China, Japan, India, and South Korea can be attributed to several factors. In China, for example, the growth of the building and construction industry has played a significant role in driving the demand for metal biocides. According to the International Trade Administration (ITA), China holds the title of the world’s largest construction market and is projected to experience an annual average growth rate of 8.6% between 2022 and 2030. This rapid growth presents a lucrative opportunity for the metal biocides market, as the building and construction industry in China alone is estimated to reach a staggering US$1.4 trillion by 2025, as reported by Invest India.
These building and construction activities in the Asia-Pacific (APAC) region, including countries like China, Japan, India, and South Korea, are expected to drive the demand for metal biocide products in the forecasted period. As a result, the metal biocides market in this region is experiencing a significant boost in size. With the increasing focus on sustainable construction and the need for effective antimicrobial protection, metal biocides are playing a crucial role in ensuring the longevity and safety of various construction projects in the APAC region.
Major companies operating in the Global Metal Biocides Market are:
- BASF SE
- Clariant AG
- Dow Inc.
- Milliken Chemical Company
- Lonza Group AG
- Troy Corporation
- SteriTouch Ltd
- Noble Biomaterials Inc.
- Renaissance Chemicals Ltd
- LANXESS AG
Download Free Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3911
Customers can also request for 10% free customization on this report
“Growing application of metal biocides in various end-user industries are key drivers of the metal biocides market. Growth in the competitive landscape and presence of well-established companies in the market who are dedicated to enhancing their productivity of metal biocides with every passing year is anticipated to register impressive growth in the Global Metal Biocides Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Metal Biocides Market By Type (Zinc, Silver, Copper & Alloys, Others), By End User (Medical, Textile, Wood Preservation, Paints & Coatings, Food & Beverages, Pesticides, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Metal Biocides Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Metal Biocides Market.
You may also read:
Fluorosurfactants Market Worth [2028], Overview, Trends, Forecast
Advanced Composites Market – A Comprehensive Report [2028]
SiC Fibers Market [2028] – Analysis, Trends, & Insights
Table of Content-Metal Biocides Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Global Metal Biocides Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Type (Zinc, Silver, Copper & Alloys, Others)
4.2.2. By End User (Medical, Textile, Wood Preservation, Paints & Coatings, Food & Beverages, Pesticides, Others)
4.2.3. By Region
4.2.4. By Company (2022)
4.3. Market Map
4.3.1. By Type
4.3.2. By End User
4.3.3. By Region
- Asia Pacific Metal Biocides Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type
5.2.2. By End User
5.2.3. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China Metal Biocides Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Type
5.3.1.2.2. By End User
5.3.2. India Metal Biocides Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Type
5.3.2.2.2. By End User
5.3.3. Australia Metal Biocides Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Type
5.3.3.2.2. By End User
5.3.4. Japan Metal Biocides Market Outlook
5.3.4.1. Market Size & Forecast
5.3.4.1.1. By Value
5.3.4.2. Market Share & Forecast
5.3.4.2.1. By Type
5.3.4.2.2. By End User
5.3.5. South Korea Metal Biocides Market Outlook
5.3.5.1. Market Size & Forecast
5.3.5.1.1. By Value
5.3.5.2. Market Share & Forecast
5.3.5.2.1. By Type
5.3.5.2.2. By End User
- Europe Metal Biocides Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By End User
6.2.3. By Country
