Public Awareness of Disinfection Promotes the Silver-based Antibacterial Agent Market, but It Is Limited by High Price

Because silver has an adsorption effect on microorganisms in the liquid, when they are adsorbed by silver, the enzymes that act as respiration lose their efficacy and the microorganisms quickly die. Silver ions are particularly potent bactericidal, killing most bacteria in water with as little as two-millionths of a milligram per litre. More than half of the world's airlines already use silver water filters because of their ability to kill bacteria and their harmlessness to humans and animals. Swimming pools in many countries are also purified with silver, and the purified water does not irritate swimmers' eyes and skin as much as water purified with chemicals. Silver-based antibacterial agents are also used in textile fabrics, such as antibacterial underpants and antibacterial wipes, while Japan already has a silver ion disinfectant spray.

The silver-based antibacterial agent according to the carrier type can be divided into silicate as the carrier of silver-based antibacterial agent, phosphate as the carrier of silver-based antibacterial agent, titanium dioxide as the carrier of silver-based antibacterial agent, glass carrier as the carrier of silver-based antibacterial agent four classes. In 2020, the market share of the above four types of silver-based antibacterial agents was 33.46%, 27.35%, 13.16% and 18.97%, respectively. According to the current situation of the market and the trend of demand, it is expected that the market of silver-based antibacterial agents with titanium dioxide as the carrier will gradually expand. In 2025, all kinds of silver-based antibacterial agents will account for 32.86%, 26.78%, 13.53% and 19.94% of the market.

Silver's antibacterial action comes from the chemistry of its ionized form, "Ag +." Silver blocks the ability of bacterial cells to form chemical bonds essential to their survival. These bonds form the physical structure of the cell, so when bacteria encounter silver, it disperses. Therefore, silver-based antimicrobials are particularly needed in many applications. Silver-based antibacterial products are widely used in medical and clinical applications and are an important factor driving the growth of the target market. The evolving plastics industry is also positively influencing the growth of the silver-based antibacterial market, as polymers are very versatile and can further fuel market growth when silver ions are impregnated to eliminate microorganisms. A variety of personal care products with silver as the base material, with silver to achieve a disinfection effect. As a result, the diversified use of silver-based antimicrobials in personal care products such as razors, toothbrushes and other products is driving the market growth.

In recent years, the global spread of the COVID-19 pandemic has raised public awareness of disinfection in public places, which in turn has raised public standards of hygiene for other products. The rapidly growing demand for antimicrobials in the plastics and medical markets has also led to a dramatic increase in the global demand for silver-based antibacterial products.

Market Analysis of Silver-based Antibacterial Agents by Region

Europe and the United States, as developed economies, are driving demand growth for silver-based antimicrobials due to their developed economies and well-established regulatory frameworks. The United States is the revenue market for the largest silver-based antibacterial industry, with a market share of 37.90% in 2015 and 36.92% in 2020, a decline of 0.98%. In 2019, Europe ranked second with a 32.01% market share. In addition, the Asia-Pacific, Middle East and African market for silver-based antimicrobials are expected to be the market with the greatest growth potential.

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In many cases, regulatory processes and technology acceptance in emerging markets are in line with European and North American models. China is emerging as a major market for the application and production of microbial control technologies. China is also a major player in the production of biocidal active substances. Textiles, consumer goods and packaging are important industries in the Asia-Pacific region. For example, countries such as India and Vietnam have vigorously developed these industries, providing huge growth opportunities for major players in these regions.

From the perspective of enterprise competition pattern, the top three companies in terms of the revenue share of the silver-based antibacterial market in 2019 were Toagosei, DuPont and Ishizuka Glass, accounting for 10.66%, 9.75% and 8.77% respectively. Competition among suppliers will intensify during the forecast period. Technological innovation plays an important role in driving market growth. To last in a competitive market, suppliers should develop new ideas and technologies and keep pace with advanced technologies.

In Recent Years, the Silver-based Antibacterial Agent Market is Growing Fast and Will Maintain Steady Development

According to the research data, the total sales volume of the global silver-based antibacterial agent market was $181.24 million in 2015 and will grow to $333.78 million in 2020. We forecast a market value of $319.00 million for silver-based antimicrobials by 2025.

The pandemic will push the industry to automate production, enabling manufacturers to hire more high-tech and multi-skilled workers, reduce their reliance on labor and better cope with labor fluctuations. At the same time, the standardization of parts, the intelligence of logistics and the enhancement of the anti-risk ability of the supply chain will also be paid more and more attention.

The silver-based antibacterial agent has high bactericidal activity. However, high prices limit the use of silver-based antimicrobials, which has a side effect on the market size of silver-based antimicrobials. The growth of the silver-based antibacterial market may be hindered to some extent by the high price of silver-based products as a result of raw material price fluctuations compared with other traditional antibacterial agents. If the price of silver-based antimicrobials continues to fall, then silver-based antimicrobials could completely replace cheap fungicides.

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