For the Quarter Ending June 2021
During the second quarter of 2021, Metal Biocides market outlook improved in comparison to the previous quarter, as the supply rebounded amidst the restoration of industrial infrastructure in the Gulf Coast. Operating rates in various refineries returned to normalcy, but due to the rise in inflation on global scale prices of heavy metals in the region surged. As a ripple effect, price of Metal Biocides in the North American region witnessed upward trajectory, as the offtakes from the paints and coating sector surged. Demand outlook bolstered amidst the seasonal increment in the construction activities.
Supply in the Asia Pacific region was negatively impacted by feeble offtakes of heavy metals in China. Therefore, due to the sluggish demand from downstream, heavy metal producers reduced the operating rates hence, market outlook of heavy metals marginally surged with limited supplies in the second quarter. Demand remained persistent from the downstream paints and coating sector as the construction activities improved in the second half of the quarter. There prices of Metal Biocides fluctuated in a stable to narrow range in the quarter ending June 2021.
In the European region, production rates in several refineries surged post winter season, which supported the improvement in the regional supply of Metal Biocides, in Q2 2021. The arrival of US cargoes along with the backlog deliveries strengthened the market sentiments but narrowed the demand and supply gap. On the positive front, offtakes surged in the second quarter as the region observed a seasonal hike from the downstream building and construction industries. Due to the hiked demand and ample availability of upstream prices remained in uptrend throughout the region.
For the Quarter Ending March 2021
The North American Metal Biocides market was vastly impacted due to the shortages in supplies in Q1 2021, owing to the sub-zero temperature in the Texas and nearby Gulf region. The industrial infrastructure was not able to sustain such low temperature thus forced the domestic producers to shut down production for several weeks. Demand from the paints and coating industries surged amid the global supply shortages. ZEN Graphene Solutions announced to the ramp up of its biocidal coatings productions to meet the robust demand from the PPE protective equipment and air filtration market.
The demandfor Metal Biocides in the Asia Pacific remained stable in the first quarter of 2021, owing to the ample offtakes from the recovering paints and coatings. Whereas the supplies were balance to tight in the first quarter due to plant turnarounds during the Chinese lunar New Year holidays against the diversion of cargoes towards the northeast region in anticipation of better netbacks.
During the first quarter, Metal Biocide supplies in the region remained balanced as the production rates at major manufacturing facilities was deemed normal. However, some constraints were witnessed amid the decline in shipments from the US. Demand was balanced as the industrial and commercial operations were limited due to the strict lockdown in several parts in the region. However, offtakes from the paints and coating sector were improved due to increase in construction activities in the European region.
For the Quarter Ending December 2020
In the Asian region supplies were surged, after the restriction eased across the region. The major economies started recovering resulting in the rebound of paints and coatings sector. The Metal Biocides sector continuously grow during and after the pandemic restrictions as the demand from the downstream cleaning sector spiked, in regard of the people following more hygienic routine in day-to-day life. Metal Biocides demand in Asia witnessed an uptrend in the fourth quarter, buoyed by the increment in consumption of cleaning applications and boosted demand from the coatings industry.
Despite restrictions and monitored manufacturing of Metal Biocides in Europe regarding environmental concerns, the supplies improved in the fourth quarter of 2020. The demand in the European region surged due to the second lockdown amid uncertainties regarding the COVID spread. Intake from the paint and coatings industry was hampered by temporary recession in the European automotive sector caused by the lockdown in several countries. The leading producer of Metal Biocides offered a price range of USD 3500 per ton for Nipacide BIT AS 20 grade Metal Biocides in Q4.
North America is the leading Metal Biocide producing region. Supplies remained lengthened throughout the fourth quarter due to COVID related uncertainties. Rise in the consumption of cleaning applications lead to the accelerated manufacturing of disinfectants, sanitizers, and other cleaning products. Troy Corporation, a major Metal Biocides producer in the region introduced two new advanced rheology modifiers in their facility. The demand of Metal Biocides surged driven by the rebound of the automotive, construction and paint and coating industry.