Europe Metal Biocides demand stood at 0.16 Million Tonnes in 2020 and is forecast to reach 0.31 Million Tonnes by 2030, growing at a healthy CAGR of 6.75% until 2030. A substantial increase in the disposable income of consumers coupled with a stable lending rate is contributing towards the rapid growth of the automotive and construction industry, which in turn, is creating a huge demand for metal biocides. The metal biocides are used for enhancing durability and corrosion resistance in various materials. In addition, the increasing usage of metal biocides in appliances and pharmaceuticals is also contributing to propel its market growth.
Metal Biocides are a group of chemicals that are subjected to several stringent regulations due to the danger they pose to human health and the environment. EU has a complex legal framework where each biocidal product undergoes the regulatory process. Due to stringent regulations against metal biocides, the market share of small players is gradually reducing in the Europe Biocide Market as these players are already struggling with consistent increment in raw material cost and contracting margins. Also, due to stringent regulations, there has been a switch towards Formaldehyde-free products, expected to emerge as a potential segment and contribute towards the overall growth of the Europe Metal Biocides market in the coming years. The COVID-19 outbreak had a severe effect on the economy with fewer commercialization activities due to the complete shutdown of the countries in the region, which negatively affected the Europe Metal Biocides market.
Based on country segmentation, Metal Biocides in Germany has a very high potential for growth as its government is taking various initiatives for the development of the transportation and logistics sector in the country, thereby, supporting the growth of Metal biocide in the country. Owing to its rapidly expanding industrial sector and continuous initiatives being undertaken for material advancements, Poland is anticipated to witness the fastest growth in the Europe Metal Biocides market during the forecast period. The major players operating in the Europe Metal Biocide market are Sanitized AG, Clariant AG, BASF SE, Lonza Group Ltd., Dupont De Nemours, Inc, Troy Corporation, Vink Chemicals Gmbh & Co. KG, Fine Organics, Industries Ltd., Thor Group Ltd., Lanxess AG.
Years considered for this report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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Objectives of the Study:
? To assess the demand-supply scenario of Metal Biocides which covers production, demand, and supply of Metal Biocides market in Europe.
? To analyze and forecast the market size of Metal Biocides.
? To classify and forecast the Europe Metal Biocides market based on product type, end-use, and regional distribution.
? To identify drivers and challenges for the Europe Metal Biocides market.
? To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Europe Metal Biocides market.
? To identify and analyze the profile of leading players involved in the manufacturing of Metal Biocides.
To extract data for the Europe Metal Biocide market, primary research surveys were conducted with Metal Biocides manufacturers, suppliers, distributors, wholesalers, and end-users. While interviewing, the respondents were also inquired about their competitors. Through this technique, Chemanalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, Chemanalyst analyzed various end-user segments and projected a positive outlook for the European Metal Biocides market over the coming years.
Chemanalyst calculated Metal Biocides demand in Europe by analyzing the historical data and demand forecast which was carried out considering imported styrene prices, a monomer used for the production of Metal Biocides. Chemanalyst sourced these values from industry experts and company representatives and externally validated them through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by Chemanalyst.
Key Target Audience:
? Metal Biocide manufacturers and other stakeholders
? Organizations, forums, and alliances related to Metal Biocide distribution
? Government bodies such as regulating authorities and policymakers
? Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Metal Biocides manufacturers, customers, and policymakers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, the Europe Metal Biocides market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, by Product Type Amine Free and Formaldehyde, based, Formaldehyde Free and Amine based, Formaldehyde Free and Amine Free, Amine based and Others
Market, by End-Use Medical, Textile, Wood Preservation, Paints & Coatings, Printing Inks, Pesticides and Others
Market by Country Germany, France, United Kingdom, Italy, Poland, Russia
With the given market data, Chemanalyst offers customizations according to a company’s specific needs. The following customization options are available for the report.