The Metal Biocides Market size is forecast to reach US$3.9 billion by 2027, after growing at a CAGR of 3.4% during the forecast period 2022-2027. Metal biocides are chemicals and microorganisms which inhibit the growth of harmful organisms by organic means. Biocidal polymers can reduce microorganisms such as bacteria, fungi and protozoans. They are also used to prevent biofilm formation on the metal surface and also act as bactericides and fungicides for metalworking fluid. The rising medical and healthcare sector is driving the metal biocides market growth, metal biocides such as copper alloy and zinc are utilized for the sanitization of medical devices. Rapid urbanization, along with infrastructural developments in emerging economies is anticipated to drive the demand for metal biocides in paints and coatings and also for household products such as disinfectants and pest controls. Moreover, the increasing requirement for metal biocides as insecticides in the agriculture industry is anticipated to upsurge the growth of the metal biocides industry in the forecast period. The global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in construction, textiles, transportation and other end-use industries all across the world, which had a significant impact on the growth of the metal biocides market size.
Metal Biocides Market Report Coverage
The “Metal Biocides Market Report – Forecast (2022 - 2027)” by Industry ARC, covers an in-depth analysis of the following segments in the Metal Biocides industry.
Key Takeaways
- The Asia Pacific region dominates the Metal Biocides Market, owing to the increasing investments in the textile & apparel industry. For instance, according to the Government of Canada, in 2021, the Minister of Innovation, Science and Industry announced an investment of US$28.99 million in Meltech Innovation Canada Inc., this investment will support a US$38.754 million project, which includes the manufacturing of the specialized fabric.
- Rapidly rising demand for metal biocides in the food & beverage industry as sanitizers and disinfectants have driven the growth of the metal biocides market.
- The increasing demand for metal biocides in the medical & healthcare sector, due to its usage for disinfection and sanitization of medicinal products and devices, has been a critical factor driving the growth of the metal biocides market in the upcoming years.
- However, the rising environmental and health effects associated with metal biocides can hinder the growth of the metal biocides market.
Figure: Asia-Pacific Metal Biocides Market Revenue, 2021-2027 (US$ Billion)
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Metal Biocides Market Segment Analysis – by Application
The paints & coatings segment held the largest Metal Biocides Market share in 2021 and is estimated to grow at a CAGR of 3.6% during the forecast period 2022-2027. Metal biocides are utilized in formulations to protect paints & coatings from bacteria, which can spoil paints & coatings during storage. These are also effective to inhibit the growth of algae, fungi and other micro-organisms in household paint, marine antifouling paint, industrial paint and varnishes. The market for the paints and coatings segment is estimated to increase, due to rapidly growing modern advances in paint technology and housing construction activities. For instance, according to the India Brand Equity Foundation, in 2021, the residential building sector is set to expand dramatically, with the federal government intending to build 20 million affordable houses in metropolitan areas across the country under the Union Ministry of Housing and Urban Affairs' ambitious Pradhan Mantri Awas Yojana (PMAY) scheme. Thus, the rising construction activities require more paints & coatings, which is driving the metal biocides market growth, to be utilized in these paints & coatings.
Metal Biocides Market Segment Analysis – by End-Use Industry
The building & construction industry held the largest Metal Biocides Market share in 2021 and is estimated to grow at a CAGR of 3.9% during the forecast period 2022-2027. In the building & construction industry, metal biocides are utilized in paints and coatings, to protect the spoilage of paints and coatings from the growth of algae, fungi and other micro-organisms. Metal biocides such as copper alloy and zinc are also utilized in residential, industrial and commercial buildings for pest control, to inhibit the growth of pests in the form of rodents, mosquitoes and others. Moreover, they also act as bactericides and fungicides for metalworking fluid and to prevent biofilm formation on the metal surface. The building and construction industry is growing, for instance, according to the U.S Department of Commerce, the privately-owned housing units authorized by building permits in March 2022 were around 1,873,000 which is 0.4% above February 2022 of 1,865,000 units and is 6.7% above March 2021 of around 1,755,000 units. Moreover, according to Statistics of Japan, the number of construction contract orders has witnessed growth in 2021 (Jan-July) compared to 2020(Jan-July). It went from 6,00,46,960 units in 2020 to 6,36,10,223 in 2021. Thus, the growing building and construction industry will require more metal biocides for paints and coatings, due to their exhibit characteristics, which will drive the demand for the metal biocides market during the forecast period.
Metal Biocides Market Segment Analysis – by Geography
Asia-Pacific region dominated the Metal Biocides Market share by 45% in the year 2021, due to the increasing requirement for metal biocides in developing countries such as China, Japan, India and South Korea. China is expected to continue its dominance in the metal biocides market during the forecast period. This is due to the growth of the building & construction industry in the country. For instance, according to International Trade Administration (ITA), China is the world’s largest construction market and is forecasted to grow at an annual average growth of 8.6% between 2022 and 2030. Moreover, according to Invest India, by 2025, the building and construction industry is estimated to reach US$1.4 Trillion. Such increasing building & construction activities in the APAC countries are anticipated to increase the demand for metal biocides products in the forecasted period and are proving to be a market booster for the metal biocides market size in this region
Metal Biocides Market Drivers
Increasing Foods and Beverages Industry:
In the foods and beverages industry, Metal Biocides are used in the form of sanitizers and disinfectants, to ensure the safety of potable water used in the processing and to reduce the risk of microbial contamination to beverage products. In the food and food processing sector, metal biocidal polymers are utilized to reduce the number of microorganisms such as bacteria, fungi, algae and others, in food and on any material that comes in contact with the food. The foods and beverages industry is growing, for instance, in May 2021, Bunge Loders Croklaan, invested more than EUR300 million (US$346.5 million) to build a new sustainable food processing facility in Amsterdam, Netherlands, which is estimated to be completed by the end of 2024. Moreover, the food & beverage market of South Korea is expected to reach US$99.28 billion by 2024, witnessing a CAGR of 3.9% according to the British Chamber of Commerce in Korea. Thus, with the growth of the food and beverage sector, the market for metal biocides will further rise over the forecast period.
Growing Medical and Healthcare Industry:
The medical and healthcare industry utilizes Metal biocidal polymers such as copper alloy and zinc, for the disinfection of surfaces, equipment, water and antisepsis and also for the preservation of medicinal products and sterilization of medical devices. The medical and healthcare sector is growing, for instance, according to Invest India, the medical device sector is growing steadily at a CAGR of 15 percent over the last 3 years and the medical devices industry in India is poised for significant growth with the market size expected to reach US$50 billion by 2025. Additionally, according to the U.S. Food & Drug Administration, in 2022, the government announced a US$5 million increase towards the improvement in the safety and security of medical devices. Thus, with the growing medical devices sector in the medical and healthcare sector, the demand for the Metal Biocides industry would further rise over the forecast period.
Metal Biocides Market Challenges
Environmental and Health Effects Associated with Metal Biocides:
There are various benefits of Metal Biocides, however, there are considerable negative impacts as well. The chemicals used in metal biocides are toxic to the soil, air and water. Metal biocides can cause damaging effects on the environment. Metal biocidal products are controlled in Great Britain, under the GB Biocidal Products Regulation (GB BPR) and in Northern Ireland, under the EU Biocidal Products Regulation (EU BPR). Repeated exposure to metal biocides, can cause adverse health effects such as depression of the central nervous system and even permanent damage, irritation of the eyes and lungs and damage to the liver, kidneys and skin. Thus, due to the rising environmental and health effects, the growth of the Metal Biocides market will be hindered in the forecast period.
Metal Biocides Market Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies players adopt in the metal biocides markets. The top 10 companies in the Metal Biocides market are:
- Akzo Nobel N.V.
- BASF SE
- Clariant
- Dow
- DuPont
- Evonik Industries AG
- Croda International Plc
- Huntsman International LLC.
- Kao Corporation
- Galaxy Surfactants Ltd.
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