With the emergence and long-term Impact of COVID-19, the Global Antibacterial Glass Market is to reach USD XX Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Antibacterial Glass Market is poised to raise up to USD XX Billion by 2030. Antibacterial glass is a specialized glass variant designed to effectively combat the growth and transmission of harmful bacteria. It is manufactured through the application of a thin layer of antimicrobial agents, such as silver ions, onto the glass surface. This coating actively eliminates or inhibits the proliferation of bacteria upon contact. A major benefit of antibacterial glass is its capacity to mitigate the spread of infections and diseases, thus contributing to improved hygiene and public health.
The global antibacterial glass market is expected to experience growth due to the rising demand for antibacterial coating in various end-user industries like hospitals and the food and beverage sector. This demand is driven by the need to maintain a hygienic environment and reduce the risk of infections. Moreover, the prevalence of nosocomial infections, which include urinary tract infections, bloodstream infections, and pneumonia, further contributes to the positive outlook for the antibacterial glass market. The anticipated rise in demand for antimicrobial glass in consumer electronics like phablets, tablets, and phones presents a promising opportunity that is likely to drive the growth of the antibacterial glass market in the foreseeable future.
As per Statista, globally the revenue in the consumer electronics sector is projected to reach USD1,027.34 billion by 2023, which is a rise of USD 987.16 billion in 2022. This growth trend further reinforces the positive outlook for the antibacterial glass market in the coming years. Additionally, the market for antibacterial glass is being propelled by the expanding implementation of eco-friendly construction methods, which is generating favorable prospects for market growth. Also, the automotive industry’s increasing utilization of antibacterial glass is further contributing to the market’s positive trajectory. However, the antibacterial glass market faces certain restraints that can impact its growth. These include high costs compared to traditional glass and limited awareness among consumers.
The key regions considered for the Global Antibacterial Glass Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the growing emphasis on hygiene practices among the population. Also, the increasing awareness and growing importance on maintaining cleanliness and preventing the spread of germs and infections in the region as well as technologically advanced medical facilities and stringent hygiene standards, is likely to contribute to the overall growth of the antibacterial glass market in the region.
North America is expected to with the highest rate during the forecast period, owing to factors such as the rising focus on healthcare and hygiene-related investments, coupled with the increasing use of antibacterial glass on consumer electronics in the region.
The global Antibacterial Glass Market is highly competitive owing to the presence of several key manufacturers such as AGC Inc., Kastus Technologies Company Limited, Morley Glass & Glazing Ltd., Smartglass International Limited, Joh. Sprinz GmbH & Co. KG, Ishizuka Glass Co., Ltd., Saint-Gobain S.A., and others.
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Global Antibacterial Glass Market Size Study & Forecast, by Active Ingredient (Silver, Others) by Application (Hospitals, Food and Beverage, Military Equipment, Household, Others) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Antibacterial Glass Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the active ingredients segment, silver emerged as the leading market segment in 2022.
- Europe is anticipated to drive regional growth owing to growing emphasis on hygiene practices among the population.
- North America is expected to grow at a high CAGR followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Active Ingredients:
- Food and Beverage
- Military Equipment
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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