June 03, 2020
As per the report titled ‘Antimicrobial Textiles Market Size By Fabric, By Application, By Active Agents, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global antimicrobial textiles market is expected to record significant growth over 2020-2026.
Knowing the fact that textiles have a large surface area and the ability to retain moisture, they are more prone to the growth of microbial agents. The report cites that the reason for the growth of the antimicrobial textile market over the study period would be the growing demand from the healthcare sector. Also, the increase in awareness about the importance of hygiene in our day to day lives has added momentum to the antimicrobial textile sales.
The report bifurcates antimicrobial textiles market in terms of fabric, active agents, application, and regional landscape.
On the basis of the fabric, the market is fragmented into Polyester, Cotton, Polyamide, and others. The report cites that cotton is a popular choice in the apparel industry owing to its comfort and durability. This segment is forecast to grow at a CAGR of over 9.5% during the analysis period. The other fabrics such as rayon fabric, vinyl, and acrylic will witness significant growth with a CAGR of around 8% over the study duration, due to burgeoning demand for technical and commercial textiles.
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Based on the application, the antimicrobial textiles industry verticalhas been split into healthcare, home textiles, apparel, and others. The proliferating demand for odour free and durable textiles will steer the apparel segment growth. This segment has already generated $2,971.8 million in 2019 and is expected to grow substantially during the forecast period.
Automotive fabrics, industrial fabrics, and commercial fabrics are included in the others application segment. Due to the recent developments in the commercial space projects across the globe, this segment is expected to grow with a CAGR of over 8% during the forecast period.
Speaking of active agents, antimicrobial textiles industry is segregated into metal and metallic salts, synthetic organic compounds, and biobased agents. Unmatched antimicrobial characteristics driven by the development of newer textiles deploying metal agents is projected to propel the demand for metal and metallic salts. The segment is poised to grow with a CAGR of more than 9.5% over the examination period.
From geographical perspective, Latin America antimicrobial textile industry is expected to witness a growth rate of over 7% during 2020-2026. This anticipated growth is due to the growing awareness regarding the importance of hygiene and a positive outlook towards the apparel industry.
Key players operating in global antimicrobial textiles market are, Herculite Inc, Unitika Ltd., Innova Tex, Kolon Industries, Inc., Meditex Technology, Milliken & Company, Sinterma, Smartfiber AG, Miti Spa, Suzhou Chunshen, Thai Acrylic Fibre Co. Ltd., Trevira GmbH, TOYOBO Inc, and Lifethread LLC among others.