Copper Pyrithione Market to Witness Exponential Growth by 2026
Pyrithione
is an organic chemical that is used in various forms as an industrial
biocide. Pyrithione is also known as 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 predominantly employed as an
antifouling agent in marine ships for several decades. Several metal
compounds of pyrithione are used as a biocide, of which two are most
commonly used: zinc pyrithione and copper pyrithione. Copper
pyrithione is relatively more toxic and hence, it is largely used in
industrial applications. One of the key uses of copper pyrithione is
its application as a biocide in marine paints to prevent accumulation
of marine flora and fauna on ship hulls. Copper pyrithione is also
employed in anti-fouling paints. Mostly, it is used as a co-biocide
(or booster biocide) along with another biocide such as zinc
pyrithione.
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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.
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