The global antimicrobial glass powder market value is anticipated to increase from USD 2,827.6 million in 2024 to USD 7,702.0 million by 2034. Over the assessment period, global demand for antimicrobial glass powder is projected to surge at a CAGR of 10.6%.
Bioactive-based antimicrobial glass powders are expected to remain in demand due to their widening usage in healthcare and other industries. The target segment will likely grow at a CAGR of 10.9% through 2034.
The antimicrobial glass powder industry is poised to grow rapidly during the next ten years. This can be attributed to factors like:
- Expanding usage of antimicrobial glass powders across industries like healthcare, packaging, food & beverage, construction, personal care & cosmetics
- Rising incidence of hospital-acquired infections
- Increasing demand for sustainable antimicrobial materials to reduce disease spread
- Growing emphasis on hygiene and infection control in diverse industries
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Antimicrobial glass powders are becoming highly sought-after products. This is due to their ability to prevent the growth of bacteria and other microorganisms. Growing adoption of these powders in industries like healthcare and food packaging for improving hygiene is expected to boost the market.
Antimicrobial glass powders are helping people address the growing global demand for enhanced infection-prevention technologies. Growing awareness of cleanliness standards and increasing infrastructure-building initiatives are set to foster market growth.
The rising popularity of nano-sized antimicrobial glass powders due to their multiple benefits is another key factor expected to boost the market. These powders are easily mixed into a variety of materials, such as coatings, polymers, and textiles, due to their small size.
Key Takeaways from the Report
- The antimicrobial glass powder market is projected to thrive at 6% CAGR through 2034.
- By type, the bioactive-based segment will likely account for a market share of 0% in 2024.
- Based on size, the nano-sized segment is expected to account for a volume share of 9% in 2024.
- East Asia is anticipated to hold a global market share of about 9% in 2034.
- China’s market is estimated to be valued at US$ 1,512.6 million in 2034.
- Demand in the United States will likely rise at 5% CAGR through 2034.
“The antimicrobial glass powder industry is predicted to expand around 2.7X through 2034 owing to growing demand from healthcare, food packing, and other sectors. This revolutionary material helps to increase product durability and infection control.” – says a lead analyst at Future Market Insights (FMI).
Who is Winning?
The antimicrobial glass powder market is fairly consolidated, with top players accounting for around 75% to 80% of the share. LG Electronics, Panasonic Industry Co. Ltd., Ishizuka Glass Co., Ltd., BioCote Limited, CD Bioparticles, Koshida Corporation, Vedayukt India Private Limited, Hongwu International Group Ltd, HeiQ Materials AG, Addmaster (UK) Limited, Corning Incorporated, SCHOTT AG, and American Elements are leading antimicrobial glass powder manufacturers and suppliers listed in the report.
Key companies are also using advanced manufacturing technologies and novel materials to develop antimicrobial glass powders with enhanced efficacy and durability. They also use strategies like partnerships, collaborations, alliances, facility expansions, acquisitions, and mergers to gain a competitive edge in the market.
Recent Development:
- In February 2021, BioCote Limited launched a new venture called BioCote US to meet the rising demand for antimicrobial products in the United States.
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Antimicrobial Glass Powder Market Segmentation
By Type:
- Metal Oxide-based
- Photocatalytic
- Bioactive-based
By Size:
- Nano-sized
- Micro-sized
By Application:
- Paints and Coating
- Fiber
- Plastics
- Personal Care & Cosmetics
- Commercial and Household Products
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia Pacific
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Website: https://www.futuremarketinsights.com
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