Global Metal Biocides Market 2017-2021
About Metal Biocides
Biocide is a substance that inhibits or destroys the activity or growth of living organisms. Metal biocides are made of metallic compounds, such as silver, copper and alloy, zinc, and other metals. Biocide is a microbial or chemical substance that inhibits the biological activity of organisms or destroys harmful organisms. The effectiveness of a biocide varies with the duration of exposure and concentration. Biocides are mainly produced in powder and liquid forms as well as concentrates.
Technavio’s analysts forecast the global metal biocides market to grow at a CAGR of 4.60% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global metal biocides market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Metal Biocides Market 2017-2021
Technavio recognizes the following companies as the key players in the global metal biocides market: BASF, The Dow Chemical Company, Clariant, Lonza, and Troy.
Other Prominent Vendors in the market are: Milliken Chemical, Noble Biomaterials, Renaissance Chemicals, Sanitized, and SteriTouch.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is establishments of biomedical metal industries globally. Medical device manufacturers are seeking to establish biomedical metal industries globally and are gradually moving offshore. Many medical device innovation centers were dominated by the US as of 2016. They are now more concerned about clinical data, new product registration, and the initial streams of revenue.”
According to the report, one of the major drivers for this market is growing demand from emerging economies. The global metal biocides market is witnessing high growth in the emerging economies, such as India, China, Brazil, Russia, and Indonesia. Many OEMs of metal biocides are shifting their manufacturing operations to these countries due to factors such as the availability of land, cheap labor, low transportation costs, and less stringent government norms.
Further, the report states that one of the major factors hindering the growth of this market is high cost of environment-friendly metal biocides. With the growing concerns regarding environmental protection, consumers need to be aware of the environment-friendly products and their consumption. The goal of using environment-friendly metal biocides manufactured using products such as silver lower the emission of VOCs, thereby reducing the concerns regarding global warming.
BASF, The Dow Chemical Company, Clariant, Lonza, Troy, Milliken Chemical, Noble Biomaterials, Renaissance Chemicals, Sanitized, and SteriTouch.