The global metal biocides market is projected to reach USD 3.49 billion by 2021 at a CAGR of 4.8% from 2016 to 2021.
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Browse 66 market data tables and 60 figures spread through 159 pages and in-depth TOC on “Metal Biocides Market”
Biocides are substances used to prevent damage caused by life forms such as bacteria, fungi, and algae when introduced in sufficient concentrations and durations. Metal biocide is a form of biocide which is composed of metals, such as silver, copper or zinc with other solid or liquid substances. The global metal biocides market is projected to reach USD 3.49 billion, by 2021, at a CAGR of 4.8%, from 2016 to 2021. The growing paints & coatings industry in the Asia-Pacific region, coupled with the discovery of new application areas for metal biocides around the world are the key factors fueling the demand for metal biocides. However, regulatory restrictions on the application of certain metal biocides and the existence of potential substitutes hinder market growth.
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The key companies profiled in this report include, BASF SE (Germany), Clariant AG (Germany), The Dow Chemical Company (U.S.), SANITIZED AG (Switzerland), Lonza Group Ltd (Switzerland), Troy Corporation (U.S.), Milliken Chemical Company (U.S.), SteriTouch Ltd. (U.K.), Noble Biomaterials, Inc. (U.S.), and Renaissance Chemicals Ltd (U.K.). The major players have adopted new product launches, partnerships & collaborations, acquisitions, agreements and expansions as their key growth strategies to retain their competitive positions in the global metal biocides market from 2012 to 2016.
Lonza Group Ltd (Switzerland), the biggest metal biocides manufacturer in the world, has adopted acquisitions as its key strategy in the global metal biocides market. For instance, in August 2015, the company acquired Zelam Ltd. (New Zealand), a company that manufactures products for crop protection, specializing in fungicides, insecticides, herbicides, foliar nutrients, wood protection, and additives. This acquisition helps Lonza in diversifying its product offerings in the aforementioned applications of metal biocides.
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