Global Metal Biocides Market 2017-2021

Overview of the global metal biocides market

According to Technavio’s market research report, the global metal biocides market will grow at a steady rate and post a CAGR of close to 5% during the forecast period. The growing demand for metal biocides from medical industry will drive the growth prospects for the metal biocides market from till 2021. The growth in the pharmaceutical industry due to an aging population, unhealthy eating habits, changing lifestyles, and increased the occurrence of diseases, subsequently increases the application of metal biocides to decontaminate healthcare professionals, patients, and instruments. Silver-based metal biocides are used to disinfect stethoscopes, blood pressure cuffs, bedpans, and similar devices. Also, they are employed in medicines and medical devices, such as implants and Foley's catheters and endotracheal tubes.

North America accounted for the maximum shares of the metal biocides market during 2016 and the region will continue its market dominance during the next few years as well. The growing demand for metal biocides from various industrial sectors such as paints and coatings, medical, textile and preservatives, and pharmaceutical and biotechnology, will fuel the growth of the metal biocides market in this region.

Competitive landscape and key vendors

The metal biocides market is characterized by the presence of well-diversified international, regional, and local vendors. These vendors are increasingly competing against each other based on factors such as innovation, price, operational cost, and product quality. Suppliers with financial and technological can better withstand the changes in market conditions in comparison to their competitors. The increase in product extensions due to technological innovations will intensify the market’s competitive environment.

Key vendors in this market are -

• BASF
• The Dow Chemical Company
• Clariant
• Lonza
• Troy

Other prominent vendors in the market include Milliken Chemical, Noble Biomaterials, Renaissance Chemicals, Sanitized, and SteriTouch.

Segmentation by metal and analysis of the metal biocides market

• Copper and copper alloys
• Silver
• Zinc

The silver-based biocides segment accounted for the majority market share during 2016 and will continue to be the dominant segment during the next four years. The benefits of silver-based metal biocides such as its high thermal stability, non-toxicity, environment-friendliness, sustainable nature, safety, and effectiveness will drive its application in the healthcare industry. Also, the antibacterial properties of silver-based biocides drive its penetration and consumption rate in the textile and medical applications. Furthermore, silver-based biocides are also employed in needles, surgical tools, catheters, stethoscopes, furniture, door handles, and paper files to prevent hospital-acquired infection.

Segmentation by application and analysis of the metal biocides market

• Paints and coatings
• Foods and beverages
• Wood preservation
• Pesticides
• Textiles
• Medical

The medical application segment accounted for the largest share of the metal biocides market during 2016 and will continue to dominate the market during the estimated period as well. The huge penetration of copper- and silver-based metal biocides in various medical applications such as medical textiles, medical device coatings, wound dressings, and sterilizing agents, will stimulate the growth of this market segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global metal biocides market?
• What are the key market trends impacting the growth of the global metal biocides market?
• What are the challenges to market growth?
• Who are the key vendors in the global metal biocides market?
• What are the market opportunities and threats faced by the vendors in the global metal biocides market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global metal biocides market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming report by Technavio is an important part of the chemicals and materials industry and offers essential knowledge on rapid growth markets like metals and minerals, paints, coatings, and pigments, and textile, fiber, and composites.

To help clients build new strategies for growth, Technavio’s upcoming industry research report on the global metal biocides market for the period of 2017 to 2021 proposes applicable insights devised from reliable sources of information, such as manufacturers, channel partners, and decision makers.

This upcoming research report on the global metal biocides market also considers the growth of similar markets like magnetic materials and platinum group metals, which are expected to grow at a CAGR of about 9% and almost 3%, respectively by the year 2021.

The upcoming industry research report on the global metal biocides market also presents holistic insights into additives, adhesives, and sealants, olefins, plastics, polymers, and elastomers, and specialty chemicals markets.