Ocean View, Delaware, July 06, 2017 (GLOBE NEWSWIRE) --
The industry growth report “ Antibacterial Glass Marke t Size, By Application (Hospitals, Food & Beverage, Military Equipment, Household/Residential), By Active Ingredient (Silver), Industry Analysis Report, Regional Outlook, Price Trends, Growth Potential, Competitive Market Share & Forecast, 2016 – 2023” as per a latest study by Global Market Insights, Inc. Antibacterial Glass Market share to hit USD 270 million by 2023.
Increasing instances of nosocomial infections acquired in hospitals coupled with increasing adoption of antibacterial coatings will drive the global antibacterial glass market. Silver is the preferred active ingredient owing to its high resistance to bacteria. Zeolite, titanium, silicon and copper are other alternatives to silver. Copper is gaining popularity as the preferred material in the powder coating segment.
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Antibacterial glass market size from hospitals segment was valued more than USD 60 million in 2015. Burn units, isolation rooms, oncology and hematology units are notable adoption areas. New entrants in the industry will target hospitals as the favored end user industry owing to high demand estimations. Household applications will witness handsome growth as it finds adoption on a wide variety of surfaces including wall coverings, vision glazing and mirrors. Such innovative solutions can be used to maintain a sterile environment is for instance in hotels and hospitals.
Food & beverage segment will witness a growth of over 7% over forecast timeframe. Rising demand for storing and packaging food products for longer periods of time will stimulate the antibacterial glass market share by 2023. Growing number of food displays, canteens, restaurants to maintain quality will positively impact the industry landscape.
Flat glass production requires raw materials including float glass, which requires calcium carbonate (limestone), sodium carbonate (soda), silicon dioxide (sand), among other material. Fluctuating costs of raw materials will adversely impact the antibacterial glass market size as uncertain production patterns lead to stagnated growth of the industry.
Browse key industry insights spread across 70 pages with 29 market data tables & 28 figures & charts from the report, “Antibacterial Glass Market Share & Forecast, 2016 - 2023” in detail along with the table of contents, please click on the link below:
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Global antibacterial glass market will surpass USD 270 million till 2023 owing to growing consumer awareness coupled with stringent government regulations. Advancement of technology coupled with growing demand for health-improvement devices will positively impact the antibacterial glass market share. Silver is set to witness considerable growth on account of its ability to resist pathogenic bacteria including, escherichia coli, campylobacter jejuni and almonella typhimurium growth. It finds its wide applications in medical instruments, disaster recovery and military environment.
North America antibacterial glass market is set to growth over 6% by 2023. Growing focus towards healthcare sector will positively influence the business growth. Advancement of technology coupled with favorable government policies will further complement the industry outlook. In 2015, the U.S. healthcare spending was increased to 5.8 % to reach over $3 trillion an average $9,990 per person.
Asia Pacific antibacterial glass market share is predicted to grow over 6% by 2023. Rising adoption of antimicrobial coating primarily in healthcare sector will boost the product demand. Increasing use in touchscreen displays of mobile phones, phablets and tablets to avoid contraction of infection will positively impact the business growth.
European antibacterial glass market size is valued over USD 95 million by 2015. Europe is regulated by strict standards to curb spread of bacteria the food and beverages industry. Some of the notable players in the business are Saint-Gobain, Nippon Sheet, AGC Glass, JiYan-Tech, Archello, Vetraria Bergamasca Tecnovetroamong, Essex and others. AGC is well integrated in business value chain, and offers end-to-end solution.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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