Antibacterial Glass Market Outlook: Healthcare applications to stimulate the industry growth over 2016-2023
High occurrence of nosocomial infections leading to escalating demand for antibacterial coatings will drive global antibacterial glass market expansion. Ability to inhibit the spreading of microbes and kill surface bacteria makes the product more desirable over other alternatives. According to the Global Market Insights, Inc., “Antibacterial glass market revenue is projected to hit USD 270 million by 2023.” Popular use of antimicrobial items in consumer electronics will positively impact global antibacterial glass industry trends. Furthermore, antibacterial glass finds its application across healthcare and medical sectors, owing to its ability to prevent the spread of infections. As per WHO estimates, more than 10% of patients in emerging economies and nearly 7% in developed countries acquire infections during their hospital stays.
North America Antibacterial Glass Market size, by application, 2012-2023 (USD Million)
Antibacterial glass finds extensive application across hospitals, household, food & beverages, and defense sectors. Antibacterial glass market value in hospitals sector was estimated at over USD 60 million in 2015, and is anticipated to grow noticeably over the coming timeframe. Increased acceptance of the products across isolation rooms, oncology & hematology units, and burn units will fuel the revenue.
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Household applications will witness a prominent growth over the coming years, driven by high product demand for mirrors, wall coverings, and vision glazing. Food & Beverages applications sector, worth USD 20 million in 2015, is expected to grow at a rate of 7% over the period of 2016-2023. High demand for enhancing the shelf life of food along with the intense requirement for retaining food quality in the restaurants, hotels, and canteens will favorably influence the antibacterial glass industry growth.
Below are the regional highlights positively affecting antibacterial glass market from 2016-2023
- Heavy healthcare spending along with rising elderly population more prone to hospital acquired infections is expected to boost LATAM antibacterial glass industry size over the next few years.
- Europe antibacterial glass market revenue, which was USD 95 million in 2015, is forecast to witness a substantial surge over the coming timeframe. Stringent legislations to annihilate microbial infection in food & beverages sector is predicted to influence the regional growth. In addition to this, the presence of major firms in this region will further drive the demand.
- Elevated demand for antimicrobial coatings in the healthcare sector along with beneficial government policies encouraging best food practices is forecast to augment Asia Pacific antibacterial glass industry development over the coming six years.
- North America antibacterial glass industry will witness a considerable growth over the coming six years. Growing inclination for reducing hospital acquired infections along with high focus on improving healthcare infrastructure will propel the regional revenue. In addition to this,
technological innovations along with beneficial regulations will favorably impact the business in the region. U.S. is forecast to contribute significantly towards the regional share.
Market participants will try to increase their revenue as well as geographical presence by enforcing business strategies such as product innovation, strategic collaborations, and joint ventures. Key industry players include Saint-Gobain S.A., JiYan-Tech Co. Ltd, Corning Inc., Nippon Sheet Glass Co. Ltd, Glas Trösch Holding AG, AGC Glass Europe, Archello, Vetraria Bergamasca Tecnovetroamong, Ishizuka Glass Co. Ltd, BÜFA Glas, and Sprinz.
Author Name : Dhananjay Punekar