Worldwide Antibacterial Glass Market 2014 to 2020 – Industry Survey
Submitted by: Submitted by Haakon
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Category: Business and Industry
Date Submitted: 05/16/2014 03:37 AM
The global antibacterial glass market is expected to reach USD 222 million by 2020, according to a new study by Grand View Research, Inc. Need to prevent the growing number of nosocomial or Hospital Acquired Infections (HAI) is expected to be the key driving force for the market over the forecast period. Antibacterial glass offers an architectural solution for the prevention of infections, which is expected to drive product demand in healthcare settings.
Increasing demand for medical device coatings is also expected to positively impact the global market over the next six years. Low consumer awareness regarding benefits offered by these products may restrain industry growth over the next few years. Technological advancements, such as the development of antibacterial glass for touchscreen displays by U.S. based Corning is expected to be an opportunity for industry participants
The report “Antibacterial Glass Market By Active Ingredient (Silver, Others), By Application (Hospitals, Food And Beverage, Military Equipments, Household) Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/antibacterial-glass-industry
Further key findings from the study suggest:
• In terms of active ingredient used, silver dominated the global market and accounted for 92.3% of the overall market share in 2013. It is also expected to grow at the fastest rate of 6.8% from 2014 to 2020. This is mainly because of its effectiveness in imparting antibacterial properties to the glass and toxicity to microorganisms.
• Hospitals are expected to be the largest and fastest growing application over the forecast period. The segment accounted for 42.6% of the global market in 2013, and is expected to grow at a CAGR of 7.1% from 2014 to 2020. Hospitals are expected to remain the key application area due to the need for ensuring a sterile environment, particularly in...
