Metal Biocides Market Market size, Industry outlook, Market Forecast, Demand Analysis, Market Share, Market Report 2022-2027
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• 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.
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Key Takeaways • 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.
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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. Contact: (+1) 970-236Inquiry Before 3677 Buying Email: sales@industryarc.com
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Metal Biocides Market Industry Outlook 1.Akzo Nobel N.V. 2.BASF SE 3.Clariant 4.Dow 5.DuPont 6.Evonik Industries AG 7.Croda International Plc
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Metal Biocides Market- Forecast(2022 - 2027)
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