Role of biocide as antimicrobial additives in paints & coatings to boost market growth; efforts for prevention of fungi growth in waterborne applications to instigate product use

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OVERVIEW

Paint and Coating Biocide Market is expected to reach USD 951.5 million by the end of 2026.

Bizlytik analysts forecast the global Paint and Coating Biocide market to grow at a CAGR of 5.3% during the forecast period, according to their latest market research report.

Biocides in paint and coating products are added as antimicrobial additives, with the sole purpose of bacterial growth inhibition and preservation of products. The algae and fungi growth on waterborne paint products are also eliminated through the addition of biocides.

The increasing product adoption for marine coating applications and enhancement in biocide performance as an antimicrobial additive are the influential primary factors that would bolster the prospects of market growth during the forecast period. The increased shelf life of paint and coating products with the addition of biocides as an in-can preservative have improved the product demand and growth prospects of the market. The biocide additive has been vital to the elimination of bacterial growth on marine coatings and wet film applications, which would further improve the prospects of market growth. The rising need for additives to increase the longevity of paints and coatings would offer vital manufacturers with additional opportunities for the product application and business expansion over the forecast period.

Glutaraldehyde, Bronopol, Dazomet, Triazine, Isothiazolinone, and Others are covered in the Type segment of the market scope. In contrast, the Application segment is categorized into Waterborne Paints & Coatings and Solventborne Paints & Coatings. The report covers Consumption volume of the global market by Application, with the volume expressed in K MT. The Type segment is calculated in terms of Production value and volume.

The volume of the Waterborne Paints & Coatings segment by Application is estimated to garner 188.1 K MT by 2026; growing at a CAGR of 4.1% from 2020 to 2026. The high biocide demand for waterborne paint and coating products in marine applications has led to the growth of the segment. The dynamic product performance against algae and fungi would also influence the continued growth of the segment during the forecast period.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia Pacific is a prominent region and holds a considerable share in terms of overall consumption volume. The rapid growth of the regional paints & coatings industry, coupled with the demand for antimicrobial biocide coatings for architectural and automotive applications, would boost the growth of the local market in the coming years.

The Paint and Coating Biocide market is moderately consolidated, with several global companies operating with expansive manufacturing capabilities and extensive distribution network for product delivery to remote areas. The extension in manufacturing capabilities through facility expansion and expansion in business activities through strategic partnerships are the primary business strategies of top players.

Lonza Group Ltd is one of the most significant companies of the global Paint and Coating Biocide Market in terms of production volume, with BASF SE and DuPont de Nemours, Inc. among many other vendors to hold substantial market share by volume and value.