“Increasing demand from healthcare industry and rising awareness towards health and hygiene to drive the Antimicrobial Textiles Market”
The antimicrobial textiles market is estimated to be valued at USD 527.9 million in 2022 and is projected to reach USD 1,076.1 million by 2031, at a CAGR of 7.4% from 2022 to 2031.
Growth of the market is primarily led by the need for hygiene products to combat the increasing number of infections due to microorganisms, increasing end-use applications such as medical textiles and apparel, technological advances, and the high demand in the Asia-Pacific region.
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“Medical is the fastest growing market segment for antimicrobial textiles”
The antimicrobial textiles market is segmented on the basis of application into, commercial, apparel, home, medical, and other wearables. Among these, the medical segment is projected to grow at the fastest rate over the forecast period as a result of the rising risk of diseases due to hospital acquired infections and the need to prevent transmission of infections.
“Asia-Pacific to lead the market during the forecast period”
The rising demand for antimicrobial textiles is driving the market in the Asia-Pacific region. The market in the region is driven by the increased demand from China and India. China is the largest market in the region. Rapid industrialization, changing lifestyles, rising disposable incomes, and the expansion in the healthcare as well as technical textile industries is expected to drive the antimicrobial textiles market in the region.
In the process of determining and verifying the market size for the several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:
• By Company Type: Tier 1 (31%), Tier 2 (49%), and Tier 3 (20%).
• By Designation: C-level (44%), Director Level (21%), and Others (35%)
• By Region: Asia-Pacific (32%), North America (22%), Europe (27%), and RoW (19%).
Note: *Others include sales, marketing, and product managers.
**RoW includes South America and Middle East & Africa
The tiers of the companies are decided on the basis of revenues and ownership.
Various key players profiled in the report include, SANITIZED AG (Switzerland), Microban International, Ltd. (U.S.), Sciessent LLC (U.S.), Milliken Chemical (U.S.), The Dow Chemical Company (U.S.), Lonza Group AG (Switzerland), Trevira GmbH (Germany), Herculite Products, Inc. (U.S.), LifeThreads LLC (US), PurThread Technologies, Inc. (U.S.), Unitika Trading Co., Ltd. (Japan), BioCote Ltd. (U.K.), BASF SE (Germany), Vestagen Protective Technologies, Inc. (U.S.), and others.
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Study Coverage:
The report segments the antimicrobial textiles market on the basis of agents, applications, and regions. The major agents covered in the report are, synthetic organic compounds, metal & metallic salts, and bio-based. The applications include, commercial, apparel, home, medical, and other wearables. Each of these segments is further segregated into subsegments. The market is also segmented on the basis of regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America.
Reasons to buy this report:
This research report is focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players, value chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the antimicrobial textiles market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on antimicrobial textiles offered by the top players in the global market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for antimicrobial textiles across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global antimicrobial textiles market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and recent developments of the leading players in the antimicrobial textiles market
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