Global Copper Pyrithione Market: Introduction
Pyrithione is a natural concoction that is utilized in different structures as a mechanical biocide. Pyrithione is otherwise called 2-pyridinethiol-1-oxide, 1-Hydroxy-2-pyridinethione, 2-mercaptopyridine-N-oxide, pyridinethione-N-oxide, pyridine-2-thione-N-oxide, 2-pyridinethione, pyridinethione, or PT. It is known for its fungicidal and bactericidal properties. It has been overwhelmingly utilized as an antifouling operator in marine boats for a very long while. A few metal mixes of pyrithione are utilized as a biocide, of which two are most generally utilized: zinc pyrithione and copper pyrithione. Copper pyrithione is moderately increasingly harmful and consequently, it is generally utilized in mechanical applications. One of the key employments of copper pyrithione is its application as a biocide in marine paints to counteract collection of marine vegetation on ship frames. Copper pyrithione is additionally utilized in hostile to fouling paints. For the most part, it is utilized as a co-biocide (or promoter biocide) alongside another biocide, for example, zinc pyrithione.
Global Copper Pyrithione Market: Drivers
Anti-fouling coatings is a leading product type of marine coatings across the world. These coatings protect marine vessels and ships from fouling organisms and slime. Copper pyrithione is the active ingredient of these coatings. Thus, the rising demand for anti-fouling coatings is anticipated to propel the demand for copper pyrithione across the globe in the near future. Dry-docking activities are also on the rise, which is likely to boost the demand for anti-fouling coatings and thereby, for copper pyrithione. Major companies manufacturing anti-fouling coating systems are Akzo Nobel N.V., PPG Industries Inc., Jotun A/S, Hempel A/S, and Sherwin-Williams Company. All of these use copper pyrithione as a co-biocide in their products. On the other hand, the development of foul-release coatings, which are biocide-free, is gaining momentum in the marine coatings industry. These systems are rapidly replacing anti-fouling systems. The development and use of foul-release coating systems is expected to hamper the demand for copper pyrithione in the next few years. Furthermore, higher toxicity of copper pyrithione compared to other pyrithiones is also expected to hamper the demand for copper pyrithione for use in drugs and cosmetics in the next few years.
Global Copper Pyrithione Market: Key Segments
Based on form, the copper pyrithione market can be classified into powder and liquid/solution. Both powder and liquid forms are used in paints and coatings, especially anti-fouling coating systems. Based on application, the market can be segmented into marine paints, cosmetics, pharmaceutical, industrial, and others. Copper pyrithione is significantly applied in marine paints and coating systems as a biocide.
Based on geography, the global copper pyrithione market can be divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is a major region for copper pyrithione market, followed by North America. Rapid growth of the ship-building industry in China, South Korea, and countries in Southeast Asia has resulted in high demand for marine coatings and thereby driving copper pyrithione market in Asia Pacific. Furthermore, Europe is a rapidly expanding market for copper pyrithione, as it is one of the major manufacturers of marine coating systems. However, regulations imposed on use of toxic chemicals such as copper pyrithione in Europe are projected to restrain the copper pyrithione market in the region during the forecast period. The U.S. accounts for a key share of the copper pyrithione market in North America. China, South Korea, ASEAN, and Japan are among the leading contributors to the copper pyrithione market in Asia Pacific.
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Global Copper Pyrithione Market: Key Players
Key players operating in the global copper pyrithione market are Wuxi Zhufeng Fine Chemical Co.Ltd., Kumar Organics Limited, etc.