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Antibacterial Glass Market Is Driven By Rising Demand For Medical Device Coatings Till 2020: Grand View Research, Inc.

Post Time:Nov 30,2018Classify:Industry NewsView:1159

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. 

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.

Source: digitaljournal.comAuthor: Shangyi

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