Global Metal Biocides Market 2017-2021

Overview of the global metal biocides market

According to Technavio’s market research report, the global metal biocides market will grow at a steady rate and post a CAGR of close to 5% during the forecast period. The growing demand for metal biocides from medical industry will drive the growth prospects for the metal biocides market from till 2021. The growth in the pharmaceutical industry due to an aging population, unhealthy eating habits, changing lifestyles, and increased the occurrence of diseases, subsequently increases the application of metal biocides to decontaminate healthcare professionals, patients, and instruments. Silver-based metal biocides are used to disinfect stethoscopes, blood pressure cuffs, bedpans, and similar devices. Also, they are employed in medicines and medical devices, such as implants and Foley's catheters and endotracheal tubes.

North America accounted for the maximum shares of the metal biocides market during 2016 and the region will continue its market dominance during the next few years as well. The growing demand for metal biocides from various industrial sectors such as paints and coatings, medical, textile and preservatives, and pharmaceutical and biotechnology, will fuel the growth of the metal biocides market in this region.

Competitive landscape and key vendors