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.
Access Research Report of Antibacterial Glass Market@:
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
Browse more reports of this category by Grand View Research
at: www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
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
Access Press Release of
Antibacterial Glass Market @: www.grandviewresearch.com/press-release/global-antibacterial-glass-market
About Grand View Research
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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