Rising occurrence of hospital-acquired infections have increased the demand for antibacterial coatings, boosting antibacterial glass market size. The ongoing trend prevalent across the medical sector is that of developing novel products for countering contagious ailments, which will create a plethora of opportunities for the new entrants to explore the market. According to the World Health Organization (WHO), more than 10% of the patient population across the emerging economies and nearly 7% of the population in the developed nations suffer from hospital acquired infections, which will impel antibacterial glass industry trends. In addition, the escalated product demand from the consumer electronics sector is also projected to favorably influence the business expansion over the coming years. As per Global Market Insights, Inc., “Antibacterial glass industry, which was estimated at USD 150 million in 2015, is projected to surpass the revenue of USD 270 million by 2023.”
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Taking into consideration the regional trends, North America antibacterial glass market is slated to grow at a CAGR of 6% over 2016-2023, owing to the enhanced focus on the improvement of the health care infrastructure along with product innovations. The U.S. antibacterial glass industry is expected to contribute a major chunk toward the regional revenue, driven by the high expenditure on the healthcare activities.
Europe antibacterial glass industry, worth USD 95 million in 2015, is anticipated to hit USD 150 million by 2023. Strict legislations to monitor the transmission of bacteria across the food & beverages sector along with the large presence of key industry players is predicted to push the revenue. Asia Pacific antibacterial glass market is anticipated to record a CAGR of more than 6% over the coming timeframe, subject to the mounting usage of antimicrobial coatings across the healthcare & electronics goods sector.
Antibacterial glass comprises silver as its major active ingredient, which is projected to experience a marked expansion, pertaining to its extensive usage across the defense, medical equipment, and disaster management sectors.
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Antibacterial glass finds wide application in households, hospitals, military equipment, and food & beverages sectors. Antibacterial glass industry size in the hospitals sector, which was assessed at USD 60 million in 2015, is forecast to experience a substantial surge over the coming years. The growth can be attributed to high product utilization across the hematology, oncology, and burn units. Household applications are expected to witness an attractive surge over the coming six years, owing to extensive product application on various surfaces such as mirrors, wall coverings, and vision glazing.
Food & beverage application, worth USD 20 million in 2015, is slated to register notable gains of over 7% during the period from 2016 to 2023, driven by the growing product requirement for enhancing the shelf life of food items coupled with its high popularity in canteens, cafeterias, and hotels for preserving food quality.
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Saint-Gobain S.A., Corning Inc., Glas Trösch Holding AG, AGC Glass Europe, and Vetraria Bergamasca-Tecnovetro Srl are the major participants of antibacterial glass industry.
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