Demand For Metal Biocides Is Predicted To Increase At A CAGR Of 4.4% From 2023 To 2033: Fact.MR
The global metal biocides market is expected to be worth US$ 5.4 billion by the end of 2033. Increased demand for metal biocides from the paints and coatings industry is generating market growth potential. Fact. In its recently published research report, MR, a provider of market research and competitive intelligence, predicts that global demand for metal biocides will rise at a CAGR of 4.4% from 2023 to 2033.
Metal biocides are widely used to suppress the growth of bacteria, algae, fungi, and other dangerous pathogens in a variety of end-use sectors, including textiles, paints and coatings, wood preservation, medical, and others. Metal biocides also have good antibacterial and antifungal capabilities, making them suitable for preventing fungi, algae, insects, and microbes from deteriorating textiles.
Metal biocides are also employed in the production of sanitary finishing. Silver and copper-based biocides provide good formulations and are used to keep products stored in portable water fresh. The growing number of multinational attempts to reduce the risks posed by biocides is predicted to raise demand for metal biocides.
Download a Free Sample Copy of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=8442
Wood preservation and water treatment markets are driving sales of metal biocides across the globe. Growing utilization of wood for construction purposes in commercial, industrial, and residential sectors has driven lucrative opportunities for industry players. Increasing demand for metal biocides from the paints & coatings industry is expected to accelerate growth opportunities in the target market.
Increasing demand for biocides from various industries has led to the innovation and production of numerous biocide formulations around the world. Biocides, including chlorine dioxide, are utilized in lower concentrations and work effectively in wastewater treatment operations as disinfectants and sanitizers. Compared to chlorine, biocides have a higher oxidizing capacity, which leads to their rising demand in wastewater treatment processes.
Excessive use of metal biocides, over the past couple of years, has resulted in adverse health effects. This has led to reduced consumption of metal biocides across the globe. Chemical ranking and scoring (CRS) methods are utilized to restrict biocides utilization and monitor the usage and handling of multiple biocide products across the globe.
CRS ensures thorough information about characteristics, including exposure and toxicity of various biocide products. Numerous countries around the world are implementing certain policies and regulations against the adverse or ill effects of biocides, which are anticipated to limit the adoption of metal biocides.
Key Takeaways from Market Study
- The global metal biocides market is valued at US$ 3.5 billion in 2023.
- Demand for metal biocides is predicted to increase at a CAGR of 4.4% from 2023 to 2033.
- The global market is projected to reach a valuation of US$ 5.4 billion by the end of 2033.
- Demand for metal biocides is expected to rise at a CAGR of 3.6% in Canada.
- Demand for silver biocides is projected to increase at a CAGR of 4.9% through 2033.
- Sales of metal biocides are estimated to advance at a CAGR of 3% in Germany.
Get Customization on this Report for Specific Research Solutions – https://www.factmr.com/connectus/sample?flag=S&rep_id=8442
Competitive Landscape
Providers of metal biocides are investing in advanced tools, which are utilized in various processes. Manufacturers are making huge investments in strengthening their supply chain management systems to supply quality products to target end users.
Mergers & acquisitions and agreements help manufacturers to generate novel growth opportunities.
For instance,
- LANXESS is a specialty chemicals company, which acquired International Flavors & Fragrances Inc. (IFF)’s microbial control business unit, in July 2022.
- In April 2021, Suez and Veolia announced an agreement that ensured the creation of new Suez assets used for forming a sustainable and coherent group from a social and industrial standpoint.
Key Companies Profiled
- BASF SE
- DuPont de Nemours, Inc.
- Clariant AG
- Lonza Group AG
- Nobel Biomaterials, Inc.
- Sanitized AG
- Renaissance Chemicals
- Troy Corporation
Explore Our Safe & Secure Payment Options for Quick Buy – https://www.factmr.com/checkout/8442
Segmentation of Metal Biocides Industry Research
- By Type :
- Silver
- Copper & Alloys
- Zinc
- Others
- By End Use :
- Medical
- Food & Beverages
- Textiles
- Paints & Coatings
- Wood Preservation
- Others
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team : sales@factmr.com
Xherald
