Metal Biocide Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Metal Biocide Market Analysis
The metal biocide market is expected to register a CAGR of over 4% during the forecast period. One of the main factors driving the market is the growing demand for metal biocides from paints and coatings. However, government regulations for the production and consumption of metal biocides are expected to hinder the growth of the market studied.
- The growing demand for metal biocides from the medical industry is likely to act as an opportunity for the market studied in the coming years.
- By application, metal biocide from paints and coatings is expected to dominate the market over the forecast period.
- The Asia-Pacific region is expected to dominate the market, with the largest consumption from countries, such as China and India.
Metal Biocide Market Trends
This section covers the major market trends shaping the Metal Biocide Market according to our research experts:
Growing Demand for Metal Biocide from Paints and Coatings
- Metal biocide is a substance intended to destroy, deter, render harmless, and suppress harmful organisms that can cause damage to natural or manufactured materials.
- Additionally, metal miocides are used in formulations to keep bacteria from spoiling paint during storage, or to keep fungi, algae, and other micro-organisms from growing on the applied paint.
- Biocide is effective to inhibit the growth of algae and fungi in household paint, varnishes, marine antifouling paint, and industrial paint.
- The market for paints and coatings is expected to grow significantly, due to rapidly increasing housing construction activities and modern advances in paint technology.
- Hence, owing to the above-mentioned factors, the application of metal biocide from paints and coatings is likely to dominate during the forecast period.
The Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to dominate the market for metal biocide during the forecast period. The rising demand of metal biocide from paints and coatings, with growing population and construction activities in developing countries, like China and India, is expected to drive the demand for metal biocide in this region.
- The largest producers of metal biocide are located in the Asia-Pacific region. Some of the leading companies in the production of metal biocide are BASF SE, Clariant, DOW, Milliken Chemical Company, and Lonza.
- The Indian government initiatives, such as Housing for All, and the government's flagship scheme PMAY, aim to build 20 million urban homes and 30 million rural houses by 2022, Smart Cities are fueling the growth of the urban infrastructure and construction development.
- In April 2019, the Government of China invested around USD 73 billion for constructing key transportation projects, which include railways, highways, waterways, airports, and urban rail.
- Owing to the above-mentioned factors, the market for metal biocide in the Asia-Pacific region is projected to grow significantly during the study period.
Metal Biocide Industry Overview
The metal biocide market is partially fragmented in nature with only a few major players dominating the market. Some of the major companies are BASF SE, Clariant, Dow, Milliken Chemical Company, and Lonza.
Metal Biocide Market Leaders
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BASF SE
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Clariant
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Dow
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Milliken Chemical Company
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Lonza
*Disclaimer: Major Players sorted in no particular order
Metal Biocide Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand for Metal Biocides from Paints and Coatings
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Government Regulations for the Production and Consumption of Metal Biocides
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Copper and Copper Alloys
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5.1.2 Zinc
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5.1.3 Silver
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5.2 Application
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5.2.1 Paints and Coatings
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5.2.2 Textile
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5.2.3 Medical
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5.2.4 Pesticides
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5.2.5 Foods and Beverages
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5.2.6 Other Applications
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 Clariant
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6.4.3 DOW
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6.4.4 Milliken Chemical Company
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6.4.5 Lonza
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6.4.6 Troy Corporation
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6.4.7 SANITIZED AG
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6.4.8 SteriTouch Ltd
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6.4.9 Noble Biomaterials Inc.
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6.4.10 Renaissance Chemicals Ltd
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6.4.11 LANXESS
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6.4.12 PALMER HOLLAND
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6.4.13 DMP Corporation
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Demand for Metal Biocides from the Medical Industry
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7.2 Other Opportunities
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Metal Biocide Industry Segmentation
The metal biocide market report includes:
Type | |
Copper and Copper Alloys | |
Zinc | |
Silver |
Application | |
Paints and Coatings | |
Textile | |
Medical | |
Pesticides | |
Foods and Beverages | |
Other Applications |
Geography | |||||||
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Metal Biocide Market Research FAQs
What is the current Metal Biocide Market size?
The Metal Biocide Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Metal Biocide Market?
BASF SE, Clariant, Dow, Milliken Chemical Company and Lonza are the major companies operating in the Metal Biocide Market.
Which is the fastest growing region in Metal Biocide Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Metal Biocide Market?
In 2024, the Asia Pacific accounts for the largest market share in Metal Biocide Market.
What years does this Metal Biocide Market cover?
The report covers the Metal Biocide Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Metal Biocide Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Metal Biocide Industry Report
Statistics for the 2024 Metal Biocide market share, size and revenue growth rate, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. Metal Biocide analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.