The global antimicrobial textiles market size is projected to grow from USD 10.7 billion in 2021 to USD 14.7 billion by 2026, at a CAGR of 6.5% from 2021 to 2026. Antimicrobial textiles are fiber-based substrates on which antimicrobial agent is either coated or incorporated, to either kill or inhibit the growth of microorganisms. Antimicrobial textiles is widely used and preferred in various applications such as sportswear, protective wear, curtains & drapes, carpets, surgical supplies & wipes, bedding, intimates, and footwear.
Based on end-use industry, medical textile segment is projected to be the larger segment in the antimicrobial textiles market. The medical textiles industry is a major consumer of antimicrobial textiles as most of the HAIs are transmitted through textiles. As healthcare associated diseases are increasing in a number of hospitals, it is very important to protect medical devices as well as clothing used in the hospital. Antimicrobial products should be integrated into every device and fabric of healthcare so that they resist the growth and spread of microbes and be odor-free. In the medical industry, the demand for antimicrobial textiles is high for attire, surgical supplies & wipes, sheets & blankets, and others.
Get an Exclusive PDF Sample Copy of the Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254286152
The antimicrobial textiles market is studied for five regions, namely, North America, APAC, Europe, Middle East & Africa and South America. The Europe region accounted for the largest market share in 2020, in terms of both value and volume. Furthermore, the market for antimicrobial textiles in the APAC region is projected to grow at the highest CAGR from 2021 to 2026, in terms of both value and volume.
In 2020, the antimicrobial textiles market declined amid the COVID-19 pandemic, with a marginal decline in its CAGR. The market was affected, mainly by the slow raw material production in many countries, supply chain disruptions, and hampered trade movements in 2020. In the first quarter of 2021, the market for antimicrobial textiles witnessed an increase in demand worldwide, compared to the same period in 2020.
The antimicrobial textiles market has thousands of companies that thrive in their domestic market. A few of the major players are, Milliken & Company (US), PurThread Technologies (US), Trevira GmbH (Germany), Thai Acrylic Fiber Co. Ltd. (Thailand) and Vestagen Protective Technologies, Inc. (US), among others. These players have adopted various growth strategies, such as mergers & acquisitions, and expansions, to increase their market shares and enhance their product portfolios.
Request Customized Report as Per Your Requirements at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=254286152
Acquisitions, joint ventures and expansions accounted for the largest share of all the strategic developments that took place in the antimicrobial textiles market between 2016 and 2021. Key players such as Milliken & Company and Trevira GmbH adopted these strategies to enhance their business, market presence, and meet consumer demand.
Milliken & Company manufactures and sells chemicals, floor coverings, fabrics, textiles, and composites. The company offers specialty chemical additives and colorants, polymer additives, polypropylene products, and clarifying agents. It is the supplier as well as the consumer of the antimicrobial agent. The company also provides antimicrobial additives for diverse applications such as textile, apparel & footwear, sports & witness, and medical. It also manufactures fabrics for various applications such as military, carpet, medical, workwear, garments, and performance athletic apparel. The company has over 5,500 patents accumulated since 1927. The company has more than 40 manufacturing facilities in the United States, Mexico, United Kingdom, Belgium, France, China, and Australia. The company has offices, support centres, and showrooms in 13 countries. The company operates globally with a presence throughout the North America, South America, APAC, and Europe.
Trevira GmbH manufactures polyester fibers and filament yarns for home and household textiles, apparel, automotive interiors, hygiene textiles, and technical applications. The company was formerly known as Trevira GmbH & Co KG and later in 2000; it changed its name to Trevira GmbH. Trevira produces textile polyester products, in particular, staple fibers, plain, filament, and textured yarns for home and household textiles, automotive interiors and functional clothing, as well as technical textiles and hygiene products. The company offers antimicrobial fibers and antimicrobial filament yarns for different applications such as apparel, home and contract textiles, and others.
For any Queries Linked to the Report, Ask an Analyst at https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=254286152
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States