Silver based Biocides to Lead Metal Biocides Market until 2024
Discovery of new application areas for metal biocides
and growing paints & coatings industry to fuel global metal biocides market
through 2024
According to TechSci
Research report, “Global Metal Biocides Market
By Type, By End-Use Industry, By Region, Competition, Forecast &
Opportunities, 2024”, the global metal biocides market is
projected to reach $ 4.5 billion by 2024. Key factors expected to drive the
market are expanding paints & coatings industry and discovery of new
application areas for metal biocides. However, existence of substitute products
and regulatory restrictions on certain metal biocides are likely to hinder
market growth during the forecast period.
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Based on type, global metal
biocides market has been segmented into silver, copper & alloys, zinc and
others. Silver-based metal biocides segment is expected to register strong growth
in the coming years, owing to its non-toxic, flammable, eco-friendly and
sustainable nature. Moreover, silver biocides have effectiveness, high thermal
stability and unsurpassed safety, owing to which its adoption is growing in
textile and medical industries. Asia-Pacific region dominated global metal
biocides market in 2018 and is anticipated to continue its market dominance during
the forecast period. Flexible regulations for the use of silver biocides and discovery
of new application areas for metal biocides are the major factors expected to fuel
the region’s metal biocides market during forecast period.
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“Demand for
metal biocides is the highest in pesticides segment, owing to the effectiveness
of nanoparticles to combat the undesirable organisms. The silver and copper-based
biocides are utilized in various agricultural applications, including high
value crops. Thus, pesticides segment
would emerge as the largest demand generating end user in global metal biocides
market in coming years”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global
Metal Biocides Market By Type, By End-Use Industry, By Region, Competition,
Forecast & Opportunities, 2024” has evaluated the future
growth potential of global metal biocides market and provides statistics and
information on market structure, size, share and future growth. The report is
intended to provide cutting-edge market intelligence and help decision makers
to take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and opportunities
present in global metal biocides market.
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TechSci Research
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