Metal Biocides Market Research, 2031
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 that are intended to destroy, render harmless, deter, or exert a controlling effect on any harmful organisms such as bacteria, fungi, algae, and other harmful pathogens. Metals such as copper (Cu), magnesium (Mg), mercury (Hg), tellurium (Te), arsenic (As) and gold (Au) are used as antibacterial agent, antifungal agent, preservatives, insecticides, disinfectants, and pesticides in various end-use sectors including paints & coatings, textiles, water treatment, medicine, 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 witness a significant growth where address the problems in exterior coatings where environmental exposure causes development of airborne algae and fungi. This is expected to act as one of the key drivers for the growth of the metal biocides market. Furthermore, increase in awareness about 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 expected to propel the growth of the metal biocides market during the forecast period.
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 growing food & beverages sector; thus creating lucrative opportunities for the market.
The metal biocides market is segmented into 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 major companies profiled in this report 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 Asia-Pacific metal biocides market size is projected to grow at the highest CAGR of 5.2% during the forecast period and accounted for 38.10% of the metal biocides market share in 2021. This is attributed to proliferating demand for metal biocides from various end-use sectors such as paints & coatings, textiles, food & beverages, and others, which in turn have led the metal biocides manufacturers to increase their production capacities. Furthermore, China's paints & coatings manufacturing sector is increasing rapidly, which in turn has enhanced the performance of the metal biocides market in the region. Also, countries such as India and Australia are witnessing a rapid increase in building & construction sectors where metal biocides are employed to resist the growth of harmful pathogens in exterior paints & coatings. For instance, according to a report published by the India Brands Equity Foundation in March 2022, India is expected to become the world’s third largest construction market by 2022.
By type, the silver segment dominated the global market in 2021 and is anticipated to grow at a CAGR of 4.8% during the forecast period. 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. Moreover, an increase 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 factor has increased the popularity of silver metal biocides among various end-use sectors.
In 2021, the paints and coatings segment was the largest revenue generator, and is anticipated to grow at a CAGR of 5.0% during the forecast period. Growth in population led the building & construction sector to witness a significant growth, which in turn has led the paints & coatings sector to witness a significant growth where metal biocides are used to resist bacteria from spoiling paint during storage or to keep fungi, algae and other micro-organisms from growing on the applied paint. 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 February 2021 estimate of $1,533.3 billion. This factor is escalating the growth of the paints & coatings segment in the global market.
IMPACT OF COVID-19 ON THE GLOBAL METAL BIOCIDES MARKET
- The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and 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 risk of infections among the workforce where metallic biocides are widely used as preservatives and antibacterial agents in various industrial facilities. 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 reduced the consumption of metallic biocides among several end-use sectors.
- Furthermore, the temporary shutdown of construction and infrastructure activities amid the COVID-19 period has reduced the consumption of metallic biocides in 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 the 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 the 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 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.
Metal Biocides Market Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Region |
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 Key Market Players | Azelis, Evonik Industries, Troy Corporation, KLK OLEO, Samrat Industries, SIDDHARTH CHEMICALS, Pilot Chemical Corp, BASF, OTTO CHEMIE PVT.LTD., Dadia chemical Industries |
Analyst Review
According to CXOs of leading companies, the global metal biocides market is expected to exhibit high growth potential during the forecast period. Metal biocides are used in a variety of end-use sectors such as paints & coatings, textiles, medical, wood preservation, and others for inhibiting the growth of bacteria, fungi, algae, and other harmful pathogens. Food & beverage sector requires safe, and efficient food preserving agents that can be accomplished with the use of metal biocides.
In addition, metal biocides possess excellent antifungal and antibacterial properties that make it best-suited for preventing deterioration of textiles by insects, fungi, algae and micro-organisms and to create hygienic finishing. Copper and silver-based biocides serve as an excellent formulation used for maintaining quality in stored potable water. Furthermore, factors such as rise in awareness about hygiene & cleanliness-related activities has surged the popularity of metal biocides for producing household & industrial cleaners. CXOs further added that sustained economic growth and development of the paints & coatings sector have increased the popularity of metal biocides.
Asia-Pacific is the largest market for Metal Biocides Market, growing at a CAGR of 5.2% during the forecast period.
The paints and coatings segment is the largest revenue contributor and is anticipated to grow at a CAGR of 5.0% during the forecast period.
Escalating demand from the paints & coatings sector owing to the rapid increase in population, increasing purchasing power of customers, industrialization, and other factors.
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.
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.
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