Global Silver-based Antimicrobial Agent Market Is Driven By Increasing Investments In Textile, Coating and Plastic
Pune, Maharashtra, November 12, 2019 (Wired Release) Prudour Pvt. Ltd. The global Silver-based Antimicrobial Agent market is projected to be US$ 1,080.9 Mn in 2018 to reach US$ 1,967.5 Mn by 2028 at a CAGR of 6.2%.
Antimicrobials agents are chemical compounds that kill microorganisms or inhibits their development. Silver, among its several useful properties, is recognised as a strong antimicrobial agent. It is considered biologically active when it is dispersed into its monoatomic ionic state (AG+), this is the same form which appears in ionic silver compounds, such as silver nitrate and silver sulfadiazine, which have been frequently used to treat wounds. Silver first received regulatory approval for use as an antimicrobial agent in the early 20th century. However, its usage diminished in the 1940s with the introduction of antibiotics. Nonetheless, silver-based antimicrobial agents gained immense popularity again, particularly for the management of open wounds, pharmaceuticals and other applications.
Silver-based antimicrobial agent products are extensively used in medical and clinical outcomes, which is a major factor driving the growth of the target market. Rising plastic and polymer industry is also positively impacting the growth of the silver-based antimicrobial agent market, as polymers are extremely versatile and when impregnated with silver nanoparticles to eliminate microorganisms, thereby further fueling the market growth. Various personal care products are silver based, which utilizes silver for its sanitizing effects. The diverse use of silver-based antimicrobial agents in personal care products such as shavers, toothbrushes and others is driving the growth of the market.
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Global Silver-based Antimicrobial Agent Market Revenue (US$ Mn), 2018–2028
Volatile prices of raw material results in the high price of silver-based products as compared to other traditional antimicrobial agents might obstruct the growth of the silver-based antimicrobial agent market to a certain extent. However, textiles, consumer goods and packaging are growing industries in the Asia Pacific. Countries, for instance, China and India are investing the massive amount in developing these industries which are providing lucrative growth opportunities for key players in these regions
Global silver-based antimicrobial agent market is segmented on the basis of product type, application and region. On the basis of Product Type, the market is segmented into silicate carriers, phosphate Carriers, titanium dioxide carriers, glass carriers and others. On the basis of Application, the market is segmented into textile, coating, plastic, cosmetic and medical and others. The plastic accounts for a majority share in the global silver-based antimicrobial agent market.
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Global Silver-based Antimicrobial Agent Market by Application, 2018
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America and MEA. The APAC accounts for the majority share in the global silver-based antimicrobial agent market, owing to extensively used in medical and clinical products. Europe is expected to register the highest growth rate over the forecast period. Countries and regions such as South America and MEA are expected to register stable growth over the forecast period.
The research report on the global Silver-based antimicrobial agent market includes profiles of some of major companies such as BASF SE, Thomson Research Associates, Inc, Toagosei Co., Ltd, Microban International, Ltd, Ishizuka Glass Co., Ltd., Sanitized AG, Sinanen Holdings Co Ltd, Sciessent LLC, Milliken and Company, Inc., DowDuPont, Inc., Chenzhou City Jingui Silver Industry Co., Ltd.
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