The Metal Biocides Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Metal Biocides Global Market Report 2024, The metal biocides market size has grown steadily in recent years. It will grow from $4.04 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to water treatment applications, wood preservation, food and beverage preservation, wood protection in construction, agricultural applications.
The metal biocides market size is expected to see strong growth in the next few years. It will grow to $5.15 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to rising awareness of food safety, renewable energy infrastructure, demand in emerging economies, biocidal product regulations, biofilm control in water systems. Major trends in the forecast period include advancements in nanotechnology, smart agriculture practices, antimicrobial technologies, eco-friendly biocides, antimicrobial coatings.
The high demand for paints and coatings is expected to propel the growth of the metal biocides market going forward. Paints and coatings refer to the industry that involves a mixture or dispersion of opaque pigments in a liquid and coatings include other materials that are used such as varnishes and inorganic binders. Paints and coatings are prevented from spoilage and deterioration by the use of metal biocide by the aqueous raw materials used that contain the growth of these microorganisms, thereby making the products more efficient and long-lasting. For instance, in April 2022, according to their first quarter report of PPG Industries, Inc., a US-based global supplier of paints and coatings, their organic sales for paints and coatings saw a growth of 7% with a record first-quarter net sales of $4.3 billion, which was 11% higher than the prior year. Moreover, both the performance coatings and industrial coatings segments saw a growth of 11% in net sales to bolster their market position. Therefore, the high demand for paints and coatings drives the growth of the metal biocides market.
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The metal biocides market covered in this report is segmented –
1) By Type: Silver, Copper And Alloys, Zinc, Other Types
2) By End-User Industry: Building And Construction, Medical And Healthcare, Textile And Apparel, Transportation, Wood Preservation, Foods And Beverages, Agriculture, Other End-Use Industries
Technological advancements are a key trend gaining popularity in the metal biocides market. Companies operating in the metal biocides market are adopting new technologies to sustain their position in the market. For instance, in September 2023, FMC Corporation, a US-based agricultural science company launched ENTAZIA in India. The biocide, containing Bacillus subtilis, aids crop resilience against diseases while maintaining environmental balance. ENTAZIA biocides represent a substantial stride in revolutionizing Indian agriculture by offering biological solutions aligned with farmers’ evolving requirements. This groundbreaking product harnesses Bacillus subtilis’ inherent properties to combat bacterial leaf blight, a severe threat to rice crops. By stimulating the plant’s immune system against pathogens, ENTAZIA biocides effectively prevent leaf blight while preserving beneficial organisms that serve as natural foes.
The metal biocides market report table of contents includes:
1. Executive Summary
2. Metal Biocides Market Characteristics
3. Metal Biocides Market Trends And Strategies
4. Metal Biocides Market – Macro Economic Scenario
5. Global Metal Biocides Market Size and Growth
….
31. Global Metal Biocides Market Competitive Benchmarking
32. Global Metal Biocides Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Metal Biocides Market
34. Metal Biocides Market Future Outlook and Potential Analysis
35. Appendix
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