Metal Biocides Market Size, Outlook, Prominent Players, Growth, Revenue and Forecast 2031

The global metal biocides market size was US$ 3.6 billion in 2021. The global metal biocides market size is estimated to reach US$ 5.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2030.

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Metal biocides are substances whose purpose is to eliminate, cause harmless, and prevent or control any harmful organisms like fungi, bacteria, algae, and other dangerous pathogens. Metals such as tellurium, magnesium, arsenic, copper, mercury, and gold are used as antifungal agents, antibacterial agents, disinfectants, insecticides, preservatives, and pesticides is done in various end-use sectors with paints and coatings, water treatment, textiles, medicine, and others.

Factors Influencing Market Growth

Metal biocides are utilized in different cosmetic products to destroy the skin of individuals that could carry algae, bacteria, insects, etc, which drives the overall market expansion.
As metal biocides eliminate harmful organisms like fungi, bacteria, algae, and other dangerous pathogens. Thus, the growing problems in exterior coatings will boost the global market growth.
The rise in awareness about hygiene and cleanliness has increased the need for personal care products where biocides like resorcinol, triacetin, and others, are usually seen in toothpaste, mouthwashes, deodorants, and shaving gels. Thus, this factor is forecast to drive market growth.
The presence of substitute products like isothiazolinone, alcohols, etc., in the market may have a negative impact on the overall market expansion.

Effect of the COVID-19 Pandemic

The COVID-19 outbreak severely impacted the overall market growth due to its reliance on beverages, paints and coatings, wood, and other industries. However, with the reopening of the market during post COVID-19 pandemic, the global market will gain its growth rates in the coming years.

Regional Insights

The Asia-Pacific is anticipated to grow at the highest CAGR during 2022-2030. This is due to the increasing need for metal biocides from different end-use industries like textiles, paints and coatings, beverages, and food. In addition, countries such as Australia and India are noticing a high growth in the building & construction industry where metal biocides are utilized to remove the increase of harmful pathogens in exterior paints & coats. Thus, these factors is likely to drive market growth in the region.

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Leading Competitors

The prominent players in the global metal biocides market are:
Evonik Industries
SIDDHARTH CHEMICALS
Troy Corporation
Samrat Industries
Dadia Chemical Industries
OTTO CHEMIE
KLK OLEO
BASF
Azelis
Pilot Chemical Corp
Others

Segmentation Analysis

The global metal biocides market segmentation focuses on Type, Application, and Region.

Segmentation on the basis of Type
Silver
Zinc
Copper
Others

Segmentation on the basis of Application
Textile
Wood Preservation
Paints and Coatings
Food and Beverages
Medical
Others

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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

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This release was published on openPR.