The antimicrobial textile global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Antimicrobial Textile Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The antimicrobial textile market size has grown rapidly in recent years. It will grow from $11.77 billion in 2023 to $12.94 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to economic growth, increased consumer awareness regarding health and hygiene, rise in demand for high-quality textile products, rapid industrialization, stringent industrial safety regulation.
The antimicrobial textile market size is expected to see strong growth in the next few years. It will grow to $18.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to growing demand for medical applications, increasing healthcare expenditure, growth in the geriatric population, increasing public transportation . Major trends in the forecast period include sustainable antimicrobial textiles, smart and wearable antimicrobial textiles, antiviral textiles, odor control textiles, collaboration with healthcare industry.
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Scope Of Antimicrobial Textile Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Antimicrobial Textile Market Overview
Market Drivers –
An increase in consumer awareness regarding health and hygiene is contributing to the growth of the antimicrobial textile market. The COVID-19 pandemic has raised awareness about health and cleanliness, as well as increased demand for antimicrobial textiles that can kill viruses. As a result, the textile industry’s companies are rapidly developing antimicrobial products. For example, in 2021, a survey of 306 participants was conducted online, with 49.3% females and 50.6% males from five major cities: Delhi, Bengaluru, Mumbai, Kolkata, and Chennai, and it revealed that consumer awareness of hygiene, health, and environmental issues will influence the purchase of antimicrobial textiles. Moreover, according to a poll by E Times in 2021, the COVID-19 pandemic has transformed Indians’ attitudes toward health, with 70% saying they will prioritize food and lifestyle adjustments in 2021 to manage both physical and emotional health. Therefore, an increase in consumer awareness regarding health and hygiene will drive the growth of the antimicrobial textile market going forward.
Market Trends –
Technological advancement is a key trend gaining popularity in the antimicrobial textile market. Major companies operating in the antimicrobial textile sector are focused on developing a new technological solution to reduce the spread of the virus and meet consumer demand. For instance, in September 2023, Microban International, a US-based antimicrobial additive and odour control solution, launched a next-generation antimicrobial technology called Ascera that uses an active ingredient inspired by nature and is designed for use in olefinic polymers and solvent-based coatings. Patent-pending Ascera is sustainable, metal-free, and less toxic than alternative technologies.
The antimicrobial textile market covered in this report is segmented –
1) By Fibers: Cotton, Polyester, Polyamide, Other Fibers
2) By Active Agent: Synthetic Organic Agents, Metal And Metallic Salts, Bio-Based Agents, Other Active Agents
3) By Application: Medical Textiles, Apparel, Home Textiles, Commercial Textiles, Industrial Textiles, Other Applications
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Regional Insights –
North America was the largest region in the antimicrobial textile market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the antimicrobial textile market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the antimicrobial textile market include Milliken & Company, PurThread Technologies, Trevira GmbH, Thai Acrylic Fiber Co. Ltd., Vestagen Protective Technologies Inc., Herculite Products Inc., BASF SE, Dow Chemical Company, Sanitized AG, LifeThreads LLC, Surgicotfab Textiles Private Limited, Sciessent LLC, Kolon Industries Inc., Aditya Birla Management Corporation Pvt. Ltd., Response Fabrics Pvt. Ltd., Fuji Chemical Industries Ltd., Indorama Ventures Public Company Limited, Sarex Textile Chemicals, Toyobo Co. Ltd., Vardhman Holdings Limited, Unitika Ltd., Barjan Manufacturing Ltd., Stafford Textile Ltd., Maine-Lee Technology Group LLC, Meditex Technology, BioCote Limited, Birlacril Co., Jinda Nano Tech Co. Ltd., UNITIKA Ltd., Microban International, HeiQ Materials AG, Noble Biomaterials Inc.
Table of Contents
1. Executive Summary
2. Antimicrobial Textile Market Report Structure
3. Antimicrobial Textile Market Trends And Strategies
4. Antimicrobial Textile Market – Macro Economic Scenario
5. Antimicrobial Textile Market Size And Growth
…..
27. Antimicrobial Textile Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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