San Francisco, Nov 19 The antibacterial
glass market is anticipated to be worth USD 222.0 million by 2020.
Growing number of hospital acquired and nosocomial infections has increased the
risk which is expected to propel growth. It eliminates majority of the bacteria
that may form on its surface and also prevents spread of fungi. It is used
primarily in spaces which require high degree of hygiene and sterile
environment. In addition, rising demand for smartphones fitted with
anti-microbial glass is projected to fuel demand for anti-bacterial glass. The
product offers an architectural solution for prevention of infections which is
further expected to drive product demand in healthcare settings.
Rising
demand for medical device coatings is projected to positively impact the growth
over the forecast period. However, low consumer awareness regarding the
benefits offered by these products is expected to restrain demand over the
forecast period.
Technological
advancements including the development of antibacterial glass for touch screen
displays by U.S. based Corning is expected to present growth opportunities for
other industry players, thereby propelling the growth of the overall
industry.
Silver
was the most dominant active ingredient used and accounted for over 90% of
market share in 2013. It is projected to grow at a CAGR of over 6% over the
forecast period making it the fastest growing active ingredient segment.
Various properties of silver including toxicity to micro-organism and imparting
anti-bacterial properties is likely to propel demand over the next six years.
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Hospitals
accounted for more than 38% of the global market in 2013 and are expected to
grow at a CAGR of more than 6.5% over the forecast period. Rising need for
sterile environment particularly in vulnerable spaces such as geriatric wards
and ICU’s, hospitals are expected to be the key application areas.
Europe
accounted for more than 55% of revenue in 2013. This trend is expected to
continue over the forecast period due to increasing consumer awareness
regarding product benefits. It is expected to witness substantial growth over
the forecast period at a CAGR of more than 6.5% due to presence major industry
participants in the region.
Key
companies in the industry include Corning Inc., Saint Gobain, Nippon Sheet
Glass, Essex Safety Glass Ltd., Archello, Morley Glass & Glazing Ltd,
Sprinz and AGC Glass Europe. The industry is characterized by price sensitivity
and is consolidated in nature. Product innovation is expected to be key growth
driving strategy ove
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by Grand View
Grand
View Research has segmented the global antibacterial glass market on the basis
of product and region:
Antibacterial
Glass Active Ingredient Outlook (Revenue, USD Million, 2012 - 2020)
- Silver
- Others
Antibacterial
Glass Application Outlook (Revenue, USD Million, 2012 - 2020)
- Hospitals
- Food and
Beverage
- Military
Equipments
- Household
- Others
Antibacterial
Glass Regional Outlook (Revenue, USD Million, 2012 - 2020)
- North America
- Europe
- Asia Pacific
- RoW
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by Grand View Research: www.grandviewresearch.com/press-release/global-antibacterial-glass-market
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Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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