The global antimicrobial glass powder market is projected to grow from USD 2,827.6 million in 2024 to USD 7,702.0 million by 2034, with a robust CAGR of 10.6%. Market Survey on antimicrobial glass powder Covering Sales Outlook, Up-to-date Key Trends, Market Size and Forecast, Production Capacity, Export and Import Analysis, Regulations, Trade Analysis and Company Analysis.
NEWARK, DE / ACCESSWIRE / August 15, 2024 / 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 powders 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
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.
To Gain In-Depth Insights on Market, Browse Complete Report! https://www.futuremarketinsights.com/reports/antimicrobial-glass-powder-market
Key Takeaways from the Report
The antimicrobial glass powder market size is projected to thrive at 10.6% CAGR through 2034.
By type, the bioactive-based segment will likely account for a market share of 42.0% in 2024.
Based on size, the nano-sized segment is expected to account for a volume share of 67.9% in 2024.
East Asia is anticipated to hold a global market share of about 28.9% 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 8.5% 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 Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)
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.
Want More Insights?
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the antimicrobial glass powder market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the global market potential, growth, and scope, the market is segmented into type, size, application, and region.
Antimicrobial Glass Powder Market Segmentation
By Type:
Metal Oxide-based
Photocatalytic
Bioactive-based
By Size:
Nano-sized
Micro-sized
By Application:
-
Paints and Coating
Medical Device
Automotive
Construction
Marine Glass
-
Fiber
Apparels & Garments
Footwear
-
Packaging
Lamination
Consumer Electronics, Durables & Appliances
Others (Disposables & Sporting Goods)
Personal Care & Cosmetics
-
Commercial and Household Products
Sanitaryware Products & Accessories
Kitchenware & Tableware
Others
By Region:
North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia Pacific
Middle East & Africa
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing - ‘The Way Forward'.
Author by:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Explore FMI's Extensive Coverage in the Chemicals & Materials Domain:
The global antimicrobial additives market size reached US$ 8,962.3 million in 2022. It experienced a 7.8% Y-o-Y growth in 2022 and is likely to total a valuation of US$ 9,615.5 million in 2023.
FMI forecasts the revenue share of the surface disinfectant chemicals market to expand from US$ 3.9 billion in 2023 to US$ 5.8 billion by 2033. Historically, the market showed significant growth, with a CAGR of 4.6% from 2017 to 2022.
The global demand for disinfectant chemicals market is forecasted to surge at a CAGR of 5% from 2022 to 2032, expanding to US$ 4 Billion by 2032, compared to US$ 2.5 Billion in 2022.
The antimicrobial nanocoatings market demand is expected to witness steady growth at a CAGR of 20.3% from 2022 to 2032. It is further expected to top a valuation of US$ 5,893.7 Million by the end of 2032.
The global flame retardant chemicals market size is anticipated to be worth USD 8,560 Million in 2022. During the projection period of 2022 to 2032, the market is predicted to grow at a CAGR of 7.1%, with a valuation of USD 16,990 Million by 2032.
The cosmetic chemicals market sales is likely to be valued at USD 15.89 Billion in 2022 and is expected to reach USD 26.84 Billion by 2032, growing at a CAGR of 5.4% during the forecast period.
The global aluminum Chemicals demand is anticipated to be valued at USD 168 Billion in 2022, forecast to grow at a CAGR of 4.5%to be valued at USD 260 Billion from 2022 to 2032.
The global disinfectant chemicals market growth is forecasted to surge at a CAGR of 5% from 2022 to 2032, expanding to USD 4 Billion by 2032, compared to USD 2.5 Billion in 2022.
Over the assessment period from 2023 to 2033, the global fine chemicals market sales is projected to expand at a CAGR of 6.8%, culminating in a valuation of USD 340,084.3 million by the end of 2033.
The global nanoscale chemicals market revenue is expected to reach a valuation of USD 11.84 billion by 2032. The market is expected to surge at a CAGR of 9% during the forecast period, and as of 2022, the market is valued at USD 5 billion.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn | Twitter | Blogs | YouTube
SOURCE: Future Market Insights, Inc.
View the original press release on accesswire.com
