The global antimicrobial textiles market is set to gain traction from the outbreak of the COVID-19 pandemic. It has surged the demand for sterilized fabrics for the production of gloves, masks, bedspreads, and masks. HealthDay, a producer and syndicator of evidence-based health news declared in October 2020 that around 93% of U.S. adults said that they always, often, or sometimes wear a face covering or mask while leaving home. As per a report by Fortune Business Insights™, titled, “Antimicrobial Textiles Market, 2021-2028,” the antimicrobial textiles market size was USD 9.04 billion in 2020. It is projected to grow from USD 10.08 billion in 2021 to USD 13.63 billion in 2028 at a CAGR of 5.2% during the forecast period.
A List of Renowned Companies Present in the Global Market:
- Milliken & Company (U.S.)
- Trevira GmbH (Germany)
- UNITIKA LTD. (Japan)
- PurThread Technologies, Inc. (U.S.)
- Herculite (U.S.)
- BASF SE (Germany)
- The Dow Chemical Company (U.S.)
- Microban International, Ltd. (U.S.)
- Biocote Limited (UK)
- Sanitized AG (Switzerland)
- Other Players
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Report Coverage-
We employ
iterative and comprehensive research techniques focusing on minimizing
deviance. We use a combination of top-down and bottom-up approaches for
estimating and segmenting quantitative aspects of the antimicrobial textiles
industry. At the same time, data triangulation is used to look at the market
from three perspectives. Simulation models were used to gather data about the
market forecasts and estimates.
Drivers & Restraints-
Increasing Usage in Healthcare Industry to
Bolster Growth Worldwide
The healthcare
industry is expanding rapidly worldwide. It is one of the largest consumers of antimicrobial
textiles as every process in the industry requires the maintenance of high
hygiene standards. Surgical gowns, dressings & bandages, beds & linens,
and curtains are to be sanitized at all times for preventing the growth of
microbes. The usage of this textile also helps in eliminating hospital acquired
infections. A large number of bacteria and germs can be preventing with the
utilization of these textiles. At the same time, agents, such as biocides are
put on the fabric to control the growth of microbes. However, the prices of raw
materials, such as zinc, silver, and copper keep on fluctuating. It may hamper
the antimicrobial textiles market growth.
Read a Detailed Summary of This Report: https://www.fortunebusinessinsights.com/antimicrobial-textiles-market-102307
COVID-19 Impact-
COVID-19 Pandemic: Increasing Demand for Face
Masks to Affect Growth Positively
The outbreak
of the COVID-19 pandemic has severely impacted the textile industry across the
globe. It has resulted in the closure of manufacturing facilities and reduction
in workforce. But, the antimicrobial textiles industry is an exception of all
types of available textiles. This is majorly occurring because of the high
demand for masks and gloves worldwide for curbing transmission of the virus. We
are providing elaborate research reports to help you get a clear picture of the
present condition of this market.
Regional Insights-
Rising Usage of These Textiles in China to
Help Asia Pacific Grow in Upcoming Years
Geographically,
Asia Pacific held USD 1.98 billion
in 2020 in terms of revenue. It is anticipated to exhibit a substantial growth
because of the rising usage of antimicrobial textiles in China for everyday
activities. North America is set to be the largest market backed by the
increasing awareness about the prevalence of numerous diseases among people.
Hence, the demand for premium-quality fabrics is surging in the region. In
Latin America and the Middle East & Africa, the market is likely to grow slowly
owing to the abundance availability of raw materials.
Competitive Landscape-
Key Players Focus on Developing Novel &
Sustainable Products to Compete with Their Rivals
The market
for antimicrobial textiles possesses many prominent companies. Most of them are
investing huge sums in research and development activities to come up with cutting-edge
and sustainable products. This way, they will be able to strengthen their
positions. Below are the two industry developments:
- May 2019:
Trevira GmbH exhibited its products in the Techtextil in Frankfurt, Germany. These
products included a broad range of applications and technologies in the
functional and technical textile segment. It has developed sustainable products
to cater to the high consumer demand.
- January 2018: Trevira GmbH showcased its products at the Building Healthcare trade fair, Dubai. They included a new line of textile products developed by 12 partner companies from the flame-retardant yarns and fibers in Trevira.
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