Global Metal Biocides Market Size, Share, Development, Growth and Demand Forecast to 2023
The global metal biocides market is expected to growth during the forecast period (2017-2023) owing to the rapid growth of key industries such as paints and coatings, medical and textiles. Based on type, silver based metal biocide is expected to be the largest growing market segment during the forecast period.
The global metal biocides market is expected to growth during the forecast period (2017-2023) owing to the rapid growth of key industries such as paints and coatings, medical and textiles. Based on type, silver based metal biocide is expected to be the largest growing market segment during the forecast period.
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<strong>Global</strong> <strong>Metal</strong> <strong>Biocides</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, <strong>Development</strong>, <strong>Growth</strong><br />
<strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
According <strong>to</strong> the <strong>Biocides</strong> Directive (98/8/EC), biocidal products are those that are intended <strong>to</strong> destroy, render<br />
harmless, prevent the action of, or otherwise exert a controlling effect on any harmful organism by chemical or<br />
biological means. <strong>Biocides</strong> market are categorized in<strong>to</strong> organic biocides <strong>and</strong> inorganic or metal biocides.<br />
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<strong>Metal</strong> biocides inhibit the microbial activities <strong>and</strong> their effectiveness varies with the concentration <strong>and</strong> duration of<br />
exposure. <strong>Metal</strong> biocides are produced in liquid <strong>and</strong> powder forms of various concentration. <strong>Metal</strong> biocides market<br />
find applications in various end-use industries such as agriculture, waste water treatment, pharmaceutical <strong>and</strong><br />
personal care.<br />
The global metal biocides market is expected <strong>to</strong> growth during the forecast period (2017-<strong>2023</strong>) owing <strong>to</strong> the<br />
rapid growth of key industries such as paints <strong>and</strong> coatings, medical <strong>and</strong> textiles. Based on type, silver based<br />
metal biocide is expected <strong>to</strong> be the largest growing market segment during the forecast period.<br />
The key trend observed in the global metal biocides market is the growing dem<strong>and</strong> from the shipping industries <strong>to</strong><br />
curb the growth of fouling organisms on the military vessels. Additionally, the stringent government laws set <strong>to</strong><br />
reduce the usage of <strong>to</strong>xic coatings in commercial <strong>and</strong> residential buildings is expected <strong>to</strong> propel the growth of the<br />
global metal biocides market during the forecast period.<br />
Stringent government regulations regarding the production <strong>and</strong> consumption of metal biocides may hamper the<br />
growth of the market during the forecast period. Moreover, high capital investment in regards with production cost<br />
may pose as a challenge for the new entrants in the market thereby, affecting the competition <strong>and</strong> overall market<br />
growth.<br />
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The key players operating in the global metal biocides market are BASF SE, The Dow Chemical Company, Lonza<br />
Group Ltd, Milliken Chemical Company, Noble Biomaterials Inc., Clariant AG, SANITIZED AG, Troy Corporation,<br />
SteriTouch Ltd, <strong>and</strong> Renaissance Chemicals Ltd.<br />
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